Canada Pension Plan
The Canada Pension Plan, or CPP, is the name for the Canadian national social insurance program. The program pays out based on contributions, and provides income protection for an individual or their survivors in the instance of retirement, disability or death. Since 1999, the CPP has been legally permitted to invest in the stock market.
MANITOBA TELECOM SERVICES INC. $41 (Toronto symbol MBT; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 64.6 million; Market cap: $2.6 billion; SI Rating: Average) is Manitoba’s main provider of regular and wireless phone services, with over 90% of the market.
The company also owns Allstream, which provides communication services to businesses across Canada. Allstream accounts for 60% of Manitoba Tel’s revenue, …read more »
BCE Inc. recently won a legal ruling against a lawsuit launched by its bondholders to block its $42.75-a-share takeover by a consortium led by the Ontario Teachers’ Pension Plan. BCE has also agreed to alter some of the terms to help speed up the takeover.
If the buyout goes through, many of BCE’s investors will want to re-invest their proceeds in …read more »
BANK OF NOVA SCOTIA $51.41 (Toronto symbol BNS: SI Rating: Above average) earned $980 million in its second fiscal quarter ended April 30, 2008, down 5.8% from $1.04 billion a year earlier. Per-share earnings fell 5.8%, to $0.97 from $1.03. The declines were largely due to higher provisions for loan losses, which jumped to $153 million from an unusually low …read more »
MANITOBA TELECOM SERVICES $39.63 (Toronto symbol MBT; SI Rating: Average) has announced it will participate in the upcoming auction of wireless frequencies (called ‘spectrum’ in the industry). If successful, that would let it offer wireless services outside of Manitoba.
The company has formed a consortium with the Canada Pension Plan Investment Board and The Blackstone Group L.P. Each will own a …read more »
You can now take out $2,000 a year from a RRIF without paying federal income taxes i f you’re over 65, up from $1,000 previously.
This will let you save around $305 a year in tax, up from $153.
To take full advantage of the credit, you can transfer approximately $9,100 to a RRIF at age 65 (which assumes a …read more »
You can now take out $2,000 a year from a RRIF without paying federal income taxes if you’re over 65, up from $1,000 previously.
This will let you save around $305 a year in tax, up from $153.
To take full advantage of the credit, you can transfer approximately $9,100 to a RRIF at age 65 (which assumes a growth …read more »
RIOCAN REAL ESTATE INVESTMENT TRUST $22.86 (Toronto symbol REI.UN; SI Rating: Average) has agreed to form a joint venture with a U.S.-based finance company that will invest up to $500 million in real-estate assets. Like a similar fund that RioCan headed up in 2003, this one will focus on distressed retail properties that it can refurbish and sell for a …read more »
RIOCAN REAL ESTATE INVESTMENT TRUST $23.07 (Toronto symbol REI.UN; SI Rating: Average) is Canada’s largest REIT. RioCan has total assets of $4.2 billion consisting of ownership interests in a portfolio of 201 retail properties across Canada, including 14 under development. These properties contain over 50 million square feet of gross leasable area.
RioCan is Canada’s largest owner of neighbourhood shopping centres. …read more »
