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OTTAWA, Ontario, December 27, 2010 — The Honourable Jim Flaherty, Minister of Finance, today highlighted important tax relief coming into effect January 1, 2011 to support job creators in Canada.
“The economy remains our Government’s number one priority,” said Minister Flaherty. “If we want more jobs, higher wages and an improved standard of living, …
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Government Supports Job Creators With Tax Relief
TORONTO, Ontario, December 21, 2010 — TD Bank Group (TD) (TSX and NYSE: TD), and Cerberus Capital Management, L.P. (Cerberus), today announced an agreement under which Chrysler Financial will be sold to TD for cash consideration of approximately $6.3 billion. The purchase is comprised of net assets of $5.9 billion and approximately $400 million in goodwill. TD does not intend to issue …
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TD Bank Group to acquire Chrysler Financial
OTTAWA, Ontario, December 17, 2010 — The Honourable Jim Flaherty, Minister of Finance, today released The Fiscal Monitor for October 2010. Highlights:
October 2010: budgetary deficit of $4.1 billion
There was a budgetary deficit of $4.1 billion in October 2010, compared to a deficit of $3.3 billion in October 2009.
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Release of The Fiscal Monitor
TORONTO, Ontario, December 16, 2010 — Vacation time and slower work schedules create an ideal time for open houses. However, as homes fill up with presents, decorations and visitors, sellers are often faced with the challenge of striking the right balance between cozy and crammed. Keeping your home tidy and sparingly decorated doesn’t mean sellers can’t celebrate the season in style, but …
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Top 10 Things to Avoid when Selling Your Home over the Holidays, According to Royal LePage
TORONTO, Ontario, December 16, 2010 — Canadians are planning to spend more this holiday season, marking a directional increase in intended holiday spending compared to the past two years, according to Scotiabank’s 2010 Holiday Spending Study conducted by Harris/Decima. On average, Canadians plan to spend $968 on overall holiday spending this year, up from $891 in 2009 and $884 in 2008. In …
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Canadians Continue to Spend More on the Holidays in 2010: Scotiabank Study
OTTAWA, Ontario, December 16, 2010 — The Honourable Jim Flaherty, Minister of Finance, today announced proposed amendments to the provisions in the Income Tax Act concerning the income tax treatment of real estate investment trusts (“REITs”).
REITs are trusts that are exempt from the tax on specified investment flow-through entities. To qualify as a REIT, a trust must meet …
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Government of Canada Announces Amendments to the Real Estate Investment Trust Rules
TORONTO, Ontario, December 13, 2010 — Cyclical and structural factors have led to a low-interest-rate environment, Bank of Canada Governor Mark Carney said today in a speech that reviewed the implications of such an environment for financial stability and economic growth in Canada and globally. “Very low policy rates in the major advanced economies could be in place for a prolonged …
Perceptions of Low Rates Raise Risks, Bank of Canada Governor Mark Carney Says
TORONTO, Ontario, December 08, 2010 — The link between Canadian exports and U.S. economic growth is weakening under the weight of a strong loonie and production that is geared more to strained American households than emerging markets, notes a new report from CIBC World Markets.
While “quarterly U.S. exports have regained virtually all of the ground lost during the recession,” Canada’s …
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Canadian exports lagging behind U.S. recovery: CIBC World Markets
TORONTO, Ontario, December 08, 2010 — BMO encourages Canadians to consider choosing a mortgage with a 25-year maximum amortization to help them save interest costs and pay down their mortgage faster. A BMO survey showed that 69 per cent of Canadians are open to the idea of a shorter amortization.
“While the purchase of a home represents an important investment for many Canadians, …
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Majority of Canadians Open to Considering a Shorter Mortgage Amortization: BMOt
TORONTO, Ontario, December 08, 2010 — BMO encourages Canadians to consider choosing a mortgage with a 25-year maximum amortization to help them save interest costs and pay down their mortgage faster. A BMO survey showed that 69 per cent of Canadians are open to the idea of a shorter amortization.
“While the purchase of a home represents an important investment for many Canadians, …
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Majority of Canadians Open to Considering a Shorter Mortgage Amortization: BMO