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Taxes and non-registered investments Add to ...

Income from non-registered investments is typically taxable in the year it is earned, and the tax treatment depends on whether the investments produce capital gains, dividends or interest income. Should tax implications sway how investors treat their non-registered investments? Only to a point, says Jeff Ray, Assistant Vice President, Mutual Funds and Structured Products at Manulife Investments in Toronto. “Take taxes into account, but don’t let that cloud a good investment decision. ” Once investors have made their investment decision, they should be aware of methods that can help with taxes, he says.

Category: Savings


UK Long-term Fixed Savings Bond Interest Rates Rise

Personal_Finance / Saving BondsFeb 20, 2017 - 10:22 AM GMTBy: MoneyFacts Moneyfacts UK Savings Trends Treasury Report data, yet to be published, highlights that the average long-term fixed bond rate has increased by 0. 05% to 1. 30%, the first time Moneyfacts has seen a significant rate rise of 0. 05% or more since October 2015. Charlotte Nelson, Finance Expert at Moneyfacts, said: “The increase to the average long-term fixed rate represents a small but fundamental shift in the market. After reaching record lows last year, savings rates in the long-term fixed bond market are at last seeing a boost again.

Category: Savings


529 College Savings Plan | TIAA

What is a 529 college savings plan? A 529 college savings plan offers unique tax advantages for people investing money for college.   By law, all 529 savings plans must be state sponsored, but you don’t have to be a resident of a particular state to invest in that state's plan (but there may be income tax advantages available only to state residents for a particular plan). There’s no income limit to participate in a 529 college savings plan, and you can open one on behalf of any beneficiary — even yourself. How do 529 college savings plans vary? 529 college savings plan features can differ from state to state, like contribution limits, fees, in-state tax advantages, and available investment options.

Category: Savings


Mennonite Savings and Credit Union Branch Moving to Larger Location

AYLMER, ON – In response to a growing community of members, Mennonite Savings and Credit Union (MSCU) is pleased to announce that our Aylmer branch will be moving to a new and larger location later this year. Construction on John Street North will begin in April with an aim to open our new doors in the fall. Brent Zorgdrager, MSCU's chief executive officer, said, "MSCU's Board of Directors fully supports these plans and we look forward to serving the local faith community from this expanded location. We trust that MSCU's cooperative principles and faith-based values will continue to have a positive impact on the community.

Category: Savings


Daylight saving time has ended. It really should go on forever.

Goodbye forever, sun. Photo by Christopher Furlong/Getty Images Early Sunday, our clocks were set back an hour. And many of us were able to enjoy an extra hour of sleep. But the one-time benefit of a little extra sleep does not make up for the fact that there will be much less light in the evening hours. People who work 9 to 5 will, in a few weeks’ time, leave their offices in total darkness. Daylight saving time in the US started as an energy conservation trick during World War I, and became a national standard in the 1960s. But many now feel it has outlived its usefulness.

Category: Savings


Savings Account Calculator - How Long To Reach My Goal

This savings account calculator will figure the amount of time it will take you to reach your savings goal. Simply input four factors: your current savings balance, future savings goal, the amount you can add each month, and the annual interest rate (return on investment) you expect those savings to grow at. The calculator will tell you when you will reach your savings goal. Note that this calculator is based on monthly compounding and solves for time. If you would like to solve for monthly savings required to hit your goal by a specific date then try this savings goal calculator.

Category: Savings


Recycling vs. Upcycling: What is the difference?

Over the last decade the term “Upcycling” has been coined and worked into the discourse of sustainability efforts. It appeared in William McDonough’s book, Cradle to Cradle. It has yet to earn itself mainstream popularity, but its necessity as a goal for how we should be progressing makes its definition important. Like so many things in sustainability, I come across many enthusiasts who are trying to promote the practice but may be passing around an incorrect meaning. We all know what the basis of Recycling is: a practice that takes an item and targets it for reuse, returning it back to the cycle of daily contribution to society rather than discarding it to trash.

Category: Savings


Can a Nonprofit Organization Have a Savings Account?

by Fraser Sherman Like any other business, your nonprofit shouldn't assume its finances will be just the same this year as last year, or that next year will fit the same pattern. You may find donations drying up if the economy is weak. At the same time, the need for your services might increase. Having money in the bank helps you weather tough times. Less than 30 percent of nonprofits, according to the council, have more than a month's reserves in their rainy-day fund. Your operating reserve can go in a savings account, but it doesn't have to.

Category: Savings


Interpreting Kilowatt Hours on your Energy Bill

If you’re making the move to LED lighting, you’re probably eager to see the cost benefits. You’ll easily see these cost-savings on your energy bill when it decreases after you install your LED lights. But some homeowners want to delve a little deeper into their savings analysis and see how much their actual energy usage decreases after switching to LEDs. To do that, you’ll need to understand how kilowatt hours work. The Kilowatt Hour Rate Electric costs are directly tied to your local kilowatt hour (kWh) rate. A kWh is the term used to describe one unit of energy that is equal to 1000-watt hours.

Category: Savings


Canadian Tire's loan may save bundle | Toronto Star

ByEllen Roseman On Your Side Wed. , Sept. 12, 2007 Canadian Tire is making a splash in the mortgage market with a product that bundles loans and savings together. The retailer's "one-and-only account" is similar to the Manulife One account launched in 1999 – which, in turn, is similar to accounts popular in Australia and Britain. The attraction is that all your short-term cash is applied to the mortgage, even if just for a day or two. This lets you pay off the loan more quickly. Bundled accounts can help if you're self-employed, with income that fluctuates wildly each month.

Category: Savings


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