15
submitted 10 months ago by [email protected] to c/[email protected]

To maximize your 2023 tax savings with an FHSA, remember to make your contributions before December 31st. Unlike RRSPs, there's no option to carry over the first 60 days of 2024 contributions.

Additionally, if you're planning to contribute but lack the funds this year, consider opening an account and depositing a nominal amount, like $100. This strategic move will increase your carry forward room for next year to $7,900, which can be added to your regular $8,000 contribution limit, granting you a total of $15,900 available for contributions. Failing to do this could limit your next year's maximum contribution to just $8,000. Don't miss out on these opportunities!

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account/tax-deductions-fhsa-contributions.html

9
submitted 11 months ago by [email protected] to c/[email protected]

I'm currently wrestling with a dilemma. Two significant positions in my portfolio have dipped by 15%. These are solid companies that I intend to hold for the long term. However, I've reached my allocation limit for them in my portfolio, so I can't increase my holdings. I'm curious, how do you handle such situations? Do you choose to patiently wait it out, or do you consider adding more & averaging down even when the stock has already reached its allocated percentage in your portfolio?

22
submitted 1 year ago by [email protected] to c/[email protected]

'The chickens are coming home to roost' after $26-billion acquisition of Shaw by Rogers received final approval earlier this year. In July, the CRTC set the “mobile virtual network operator” (MVNO) rates Quebecor will pay Rogers to use Rogers’ cellular network. The regulator chose Quebecor’s rate in final-offer arbitration. With the rates set, Quebecor was expected to start offering cellphone service in more areas across the country.

Rogers is now fighting those rates, having filed an appeal of the CRTC’s decision in the Federal Court of Appeal on Aug. 23.

Rogers had assured both the government and Quebecor the rate the CRTC set in arbitration “would be binding and final. It would set the rate once and for all.”

“Now that the transaction has taken place and the necessary approvals have been obtained, Rogers is patently acting in bad faith by refusing to accept the decision,”

86
submitted 1 year ago by [email protected] to c/[email protected]

'The chickens are coming home to roost' after $26-billion acquisition of Shaw by Rogers received final approval earlier this year. In July, the CRTC set the “mobile virtual network operator” (MVNO) rates Quebecor will pay Rogers to use Rogers’ cellular network. The regulator chose Quebecor’s rate in final-offer arbitration. With the rates set, Quebecor was expected to start offering cellphone service in more areas across the country.

Rogers is now fighting those rates, having filed an appeal of the CRTC’s decision in the Federal Court of Appeal on Aug. 23.

Rogers had assured both the government and Quebecor the rate the CRTC set in arbitration “would be binding and final. It would set the rate once and for all.”

“Now that the transaction has taken place and the necessary approvals have been obtained, Rogers is patently acting in bad faith by refusing to accept the decision,”

11
submitted 1 year ago by [email protected] to c/[email protected]
51
submitted 1 year ago by [email protected] to c/[email protected]
14
submitted 1 year ago by [email protected] to c/[email protected]
1
submitted 1 year ago by [email protected] to c/[email protected]

The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.

iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.

Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.

24
submitted 1 year ago by [email protected] to c/[email protected]

The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.

iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.

Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.

22
submitted 1 year ago by [email protected] to c/[email protected]

The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.

iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.

Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.

1
submitted 1 year ago by [email protected] to c/[email protected]

The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.

iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.

Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.

6
submitted 1 year ago by [email protected] to c/[email protected]

The Foxconn factory located in Sriperumbudur is gearing up to roll out the latest iPhone 15 models.

iPhone 15 production in India depends on the stock of imported components and the ramp-up of production lines at the Foxconn plant near Chennai.

Other Apple suppliers in India, such as Pegatron and a Wistron facility soon to be acquired by the Tata Group, are also expected to join the iPhone 15 production machine.

[-] [email protected] 7 points 1 year ago

While it might not directly relate to Canadian Finance News, I believe we could implement a similar regulation for big banks in Canada. Currently, none of these banks have raised their deposit interest rates, and I think this practice should become the standard.

[-] [email protected] 3 points 1 year ago

Yes, According to a recent article and insights from University of Ottawa law professor Michael Geist, who holds the Canada Research Chair in internet and e-commerce law, it becomes evident why Australia was successful in striking a deal with Facebook to retain news content.

https://www.cbc.ca/amp/1.6925726

[-] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Wealthsimple now offers 4% for ALL Cash clients

Previously: 1% for all clients, 3% for direct deposits over $500, 4% for $100,000 net deposits

Now: 4% for all clients, 4.5% for $100,000 net deposits, 5% for $500,000 net deposits

[-] [email protected] 2 points 1 year ago

One-third of my portfolio is currently allocated to CASH.TO 😄

However, this is intentional as I am saving this portion for the down payment on my first property.

[-] [email protected] 2 points 1 year ago

Up: Just $746 more and I'll hit a new milestone in my investment portfolio! 🤩

Down: I'm just $746 short of reaching that milestone in my investment portfolio. 😩

[-] [email protected] 4 points 1 year ago

Tangerine extends promotional interest rate offers to existing customers as well. As a long-standing customer myself, I recently benefited from 5.25% offer just last month.

[-] [email protected] 4 points 1 year ago

Something…something… free speech.

[-] [email protected] 3 points 1 year ago

Hello everyone!

I've set up megathreads for sharing referral codes in both communities. If you happen to have a WS referral code, feel free to drop it here!

Just to keep things fair and unbiased, I won't be joining in on the referral code sharing. Thanks a bunch!

https://lemmy.ca/post/1359288

https://lemmy.ca/post/1359256

[-] [email protected] 10 points 1 year ago

I sincerely apologize for posting affiliate links in both communities. It was an oversight on my part and I did not intend to violate any rules. I have removed the links as per your request. I appreciate your feedback and guidance on this matter.

Thank you, everyone!

[-] [email protected] 14 points 1 year ago

Excellent news!

[-] [email protected] 2 points 1 year ago

Quite the pack!

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mxwarp

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