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7.21.2010

Taxes in july

Last night I helped someone do their taxes by using intuit's quicktax online tax package.

The online tax tool was able to provide his net return within only 15 minutes. It was a basic T4 and some deductions but it was still quite painless.

If you missed the filing deadline then don't be afraid of cra or even the irs and get your tax return filed today!
Sent wirelessly from my BlackBerry device on the Bell network.
Envoyé sans fil par mon terminal mobile BlackBerry sur le réseau de Bell.

7.20.2010

Prime rate hike, eco tax cut by liberals, and drips

The bank of canada has announced another increase to the prime rate today. They raised the overnight rate target to 3/4 per cent.

The ontario liberals are now looking to cut the eco tax. Public outrage has won.

Dividend Reinvestment Plan. An investment plan offered by some corporations enabling shareholders to automatically reinvest cash dividends and capital gains distributions, thereby accumulating more stock without paying brokerage commissions. Many DRIPs also allow the investment of additional cash from the shareholder, known as an optional cash purchase. Unlike with a Direct Stock Purchase Plan, with a DRIP the investor must purchase the first share in the company through a brokerage. After that, the company will take whatever dividends it would normally send as a check and instead it will reinvest them to purchase more shares in the company for you, all without charging a commission. The only drawback is that the investor has no control over when his/her money from the dividends is used to purchase new stock in the company, which means he/she might be buying new shares at sub-optimal times. also called Dividend Reinvestment Program.
Sent wirelessly from my BlackBerry device on the Bell network.
Envoyé sans fil par mon terminal mobile BlackBerry sur le réseau de Bell.

7.19.2010

National Post Story: What to expect from Bank of Canada

The speculation over Canada's prime rate can occur tonight. Tomorrow we'll find out if the rate will increase and if it has an impact on mortgage rates. Will this drive more people toward a fixed rate?

National Post

What to expect from Bank of Canada

Paul Vieira, Financial Post
Sunday, July 18, 2010

Bank of Canada governor Mark Carney returns to the spotlight this week as he unveils the central banks latest interest-rate decision and economic outlook

Read more »


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