In Canada, the dividend tax credit eliminates tax liability for eligible dividends. Eligible dividends can come from public companies, foreign-owned companies operating in Canada, and many privately owned companies. It allows Canadian citizens to avoid having their dividends double-taxed. Canada offers a dividend tax credit that allows investors to eliminate their taxes on dividends paid from eligible companies. Continue reading...
IRS Link to Form — Found Here Form 8891 was previously used by individuals with retirement plans held in Canada when they were living in America, each time they took distributions. The process proved to be cumbersome for many good-natured Canadians, and caused the IRS a lot of trouble as well. This form has been retired in favor of an acknowledgement on the IRS Form 1040. Form 8891 is no longer used, which came as a relief to many Canadian-Americans who had retirement plans from work they did in Canada. Certain filing requirements still exist, such as a new form replacing the FBAR, for foreign bank accounts, now called the FinCEN Form 114. Continue reading...
Currency symbols are characters written or typed in a specific arrangement alongside the numerical values of a currency amount, to denote the kind of currency in which the amount of money is held. An example would be the dollar sign ($), which is placed at the beginning of the numbers which describe the amount of currency in question, despite the fact that in most languages the word “dollars” follows the numbers when spoken. Many currencies have their own symbol but not necessarily all do. Continue reading...
Life Income Funds (LIFs) are available to Canadians who have left a job before retirement and who are entitled to a sum of money in their pension plan. LIFs offer some flexibility, more than some other alternatives, but the amount that can be withdrawn at a time is limited to a minimum and maximum. The former employee could choose to leave the funds in the pension plan, or to use one of the alternatives to LIFs, which include a Locked-In Retirement Account (LIRA), which is provincially-regulated, or a Locked-In Retirement Savings Plan (LRSP), which is federally regulated. LIRAs and LRSPs do not permit regular withdrawals, and are seen as savings vehicles rather than income vehicles. Continue reading...
Venture into the captivating realm of the USD/CAD forex trading world. This dynamic currency pair, representing the U.S. Dollar and Canadian Dollar, offers traders a unique dance of economic forces, historical shifts, and strategic opportunities. From its historical roots, marked by moments of parity and economic upheavals, to the intricate dance influenced by oil prices and central bank policies, the USD/CAD pair stands as a luminary in the forex market. Whether you're a seasoned trader or a newcomer, the USD/CAD narrative provides a rich tapestry of insights, strategies, and potential rewards. Dive deeper to understand the symphony of factors that shape its movements and learn how to harmonize with trading strategies that can enrich your forex journey. Continue reading...
The S&P/TSX Composite Index, often referred to simply as the TSX Composite, is a cornerstone of Canada's financial landscape. It's a capitalization-weighted equity index that tracks the performance of the largest companies listed on the Toronto Stock Exchange (TSX). In this article, we'll delve into the essence of this index, its constituents, and how you can invest in it. he S&P/TSX Composite Index is Canada's answer to the S&P 500 in the United States. It comprises around 230 to 250 publicly traded Canadian companies out of the approximately 1,500 listed on the TSX. Continue reading...
Debt ratios give a relative picture of a company’s ability to repay debts, make interest payments, and meet other financial obligations. They generally compare the level of debt in a company to the level of assets. Debt ratios are key for investors and particularly creditors, to determine the overall level of financial risk faced by a company. Debt ratios that increasingly turn unattractive can serve as “canaries in a coal mine” that a company is in danger of bankruptcy or default. There are several types of debt ratios, such as debt-to-equity, debt-to-capital, cash flow to debt, and so on. Continue reading...
Dive into the forex market's heartbeat with our in-depth analysis of the top 8 tradable currencies. From the dominance of the U.S. dollar to the allure of the South African rand, each currency tells a story shaped by its central bank, economic policies, and global standing. Whether you're a seasoned trader or new to the forex scene, our guide offers valuable insights into the currencies that make the financial world go round. Uncover the intricacies of the forex giants and the nuances that drive their value. Get ready to trade with knowledge as your currency. Continue reading...
Unlock the world of financial opportunities through arbitrage trading. Learn why it's legal, how it enhances market efficiency, and why arbitrageurs are vital in maintaining market liquidity. Dive into the world of profitable and legitimate financial strategies. #ArbitrageTrading #FinancialMarkets #MarketEfficiency Continue reading...
The silver market has been on a remarkable journey over the past year, outperforming the broader stock market indices. As of June 1, 2021, the Bloomberg Silver Subindex showed a staggering 45.4% increase in silver prices over the previous 12 months, surpassing the S&P 500's total return of 39.7%. This bullish trend in silver has piqued the interest of many investors looking to capitalize on the precious metal's momentum. If you're considering entering the silver market, exchange-traded funds (ETFs) focused on silver miners might be an attractive option. In this article, we will explore three silver miner ETFs to watch for in Q3 2021. Continue reading...
The Tax-Free Savings Account (TFSA) is a financial gem in the world of Canadian savings and investment. This unique account allows individuals aged 18 and older to grow their wealth without the drag of taxation. In this comprehensive guide, we'll delve into the details of what a TFSA is, how it works, and why it's such a valuable financial tool. Continue reading...
Unlock the world of Goods and Services Tax (GST)! Explore its definition, global adoption, and the ongoing debates. Discover how GST impacts your finances and nations worldwide. Dive into the calculation and benefits of GST. Learn how it compares to VAT. Join the discussion on taxation's evolving landscape. 🌍💰 #GSTexplained #TaxationInsights Continue reading...
In the ever-evolving world of investments, the Specialty/Candy Industry stands out as a unique blend of tradition and innovation. This sector, known for its resilience and steady consumer demand, houses some of the most notable companies that have not just survived but thrived in various economic conditions. In this article, we dive into the sweet world of candy and specialty food manufacturers, analyzing the top players in this industry, including Mondelez International (MDLZ), Kraft Heinz Company (KHC), General Mills (GIS), Campbell Soup Company (CPB), and Beyond Meat (BYND), among others. Continue reading...
Gold bullion are an asset that will hold value due to their gold content; gold coins which are more numismatic, that is, collector’s items, may not retain the same value. The value of gold coins is twofold: the price of the gold in the coin and the numismatic value of the coin. There is an important distinction to be made, because some gold coins will have a lot of one, and not the other, and, if you want to make sure your investment is an investment in precious metal and not just a collector’s item, you should make sure you’re getting a coin that qualifies as bullion. Continue reading...
Exchange rates, often seen as the heartbeat of global finance, serve as a mirror reflecting a country's economic health. But what drives these rates? This guide delves deep into the world of foreign exchange, shedding light on the core dynamics of currency valuation, from the historical origins of exchange rates to the modern-day intricacies of the FOREX market. Whether it's the geopolitical climate, inflation rates, or government interventions, numerous factors shape a currency's value on the global stage. As global trade continues to expand, understanding these rates becomes pivotal for businesses, investors, and even everyday consumers. By demystifying the factors influencing exchange rates, this analysis aims to empower individuals with insights into the ever-evolving world of finance, offering a comprehensive look into the mechanisms that dictate the pulse of global economic activity. Dive in and discover the multifaceted realm of foreign exchange rates. Continue reading...
An import is a fundamental concept in international trade, shaping the economic landscapes of nations and influencing global markets. In this article, we will delve into the intricacies of imports, explore their implications, and weigh their pros and cons. At its core, an import refers to a product or service that is produced in one country and then purchased and consumed in another. This exchange forms the bedrock of international trade, connecting economies, facilitating resource allocation, and enabling specialization. The opposite of an import is an export, where goods or services produced domestically are sold abroad. Continue reading...
Financial traders use correlation to describe the movement of securities – how and when they move – relative to each other during a given time period. These relationships lend themselves well to pairs trading, where traders have developed an understanding of correlations and their behavior that allow them to confidently exploit slight changes to minimize risk and maximize profitable transactions. Continue reading...
CUSIP is basically like a Dewey Decimal number for stocks and U.S./local government bonds. CUSIP stands for Committee on Uniform Securities Identification Procedures. CUSIPs are alphanumeric identifiers of certain types of securities, but most commonly used for stocks and bonds. The first six characters identify the issuer and use letters; the seventh and eighth characters (which can be alphabetical or numerical) identify the type of issue; and the last digit is used as a check digit. Continue reading...
Unlock the World of Stockbrokers: Learn their Roles, Evolution, and Requirements in the 21st Century. Dive into the changing landscape of online brokers, educational needs, and how they bridge the gap between investors and financial markets. Continue reading...
In an era where the fusion of lifestyle and fashion is more pronounced than ever, the shoe industry stands at the crossroads of utility and aesthetic appeal. With a global footprint that stretches across continents, the industry is a beacon of both cyclical trends and enduring growth. In this article, we'll lace up our financial analysis boots and delve deep into the top stocks within the shoe sector, focusing on notable companies like Nike (NKE), Skechers USA (SKX), Foot Locker (FL), G-III Apparel Group Ltd (GIII), and Canada Goose Holdings (GOOS). Continue reading...