Interim dental care plan will pay up to $650 a child, as part of Ottawa’s new affordability package

Interim dental care plan will pay up to 0 a child, as part of Ottawa’s new affordability package

Families with young children will be eligible for checks worth up to $650 a child under an interim version of the Liberal government’s new dental care plan, which it has agreed to implement as part of a parliamentary deal with the NDP. Two sources familiar with the announcement said the initial program will apply in … Read more

Federal government posts $10.2-billion surplus for fiscal first quarter

Federal government posts .2-billion surplus for fiscal first quarter

The federal government recorded a $10.2-billion surplus for the first quarter of the fiscal year, joining some provincial governments in reporting improvements to their bottom lines. In the same three months a year earlier, the government reported a deficit of $36.5-billion. The Finance Department’s monthly Fiscal Monitor, which breaks down federal revenue and expenses data … Read more

This power producer is generating some electrifying returns

This power producer is generating some electrifying returns

I’ve accumulated more than $2,300 of virtual cash in my model Yield Hog Dividend Growth Portfolio. Now it’s time to spend some of that money. Before I discuss how I’m reinvesting a portion of that cash, here’s a brief update on the model portfolio’s performance. (View the complete portfolio online at tgam.ca/dividendportfolio.) I launched the … Read more

Can Jill, 60, afford to retire to Nova Scotia while keeping her suburban Toronto home?

Can Jill, 60, afford to retire to Nova Scotia while keeping her suburban Toronto home?

**FINANCIAL FACELIFT DO NOT IDENTIFY* Tijana Martin/ The Globe and MailTijana Martin/The Globe and Mail With her 60th birthday approaching, Jill wonders if she can “retire responsibly” soon or if she needs to work longer. Jill is single again, with three adult children, a salary of $81,000 a year, and a $1.2-million house in a … Read more

Manulife reports $1.6-trillion drop in earnings amid market turmoil and extended COVID-19 restrictions in Asia

Manulife reports .6-trillion drop in earnings amid market turmoil and extended COVID-19 restrictions in Asia

Manulife Financial Corp. MFC-T missed analyst profit expectations after a $1.6-billion drop in earnings owing to market turmoil and extended COVID-19 restrictions in Asia. The largest insurer in Canada reported second-quarter net income of $1.09-billion, or 53 cents a share – a $1.6-billion drop from the $2.64-billion, or $1.33 a share, that it reported in … Read more

Kitchener woman, 35, with zero debt says she just wants a house ‘but it’s proving to be very difficult’

Kitchener woman, 35, with zero debt says she just wants a house ‘but it’s proving to be very difficult’

Photo illustration/ SOURCE: iStock Paycheque Project is a non-judgmental look at how young adults in Canada are spending their money. If you would like to participate, send us an e-mail. Name, age: Courtney, 35 Annual income: $80,000 Debt: $0 Savings: $48,000 in savings account; $81,000 in TFSA; $50,000 in RRSPs What she does: sales representative … Read more

Jim and Shirley fear the market downturn will eat into their retirement savings. Should they buy an annuity to see them through?

Jim and Shirley fear the market downturn will eat into their retirement savings.  Should they buy an annuity to see them through?

Jim and ShirleyChris Donovan/The Globe and Mail “My wife and I are retired and nervous with this downturn that we will not have enough funds to see us through,” Jim writes in an e-mail. “We are looking to buy an annuity to improve our stability.” Jim is age 60, Shirley 61. They have three adult … Read more

When should Peggy and Howard sell their rental property – and their own family home?

When should Peggy and Howard sell their rental property – and their own family home?

Justin Tang/The Globe and Mail When they first had a Financial Facelift, Peggy and Howard were just starting out, “first home, first kid, first professional jobs,” Peggy writes in an email. A quarter century has passed since then. They’ve moved from the Prairies to an Ontario bedroom community. Howard is now 62, Peggy is 60. … Read more

Netflix loses nearly 1 million subscribers, forecast misses Wall Street estimates

Netflix loses nearly 1 million subscribers, forecast misses Wall Street estimates

Netflix Inc. NFLX-Q said on Tuesday it lost 970,000 subscribers from April through June, averting the worst-case scenario projected by the company, but offered a forecast below Wall Street expectations for the current quarter. It plans to launch an ad-supported tier next year and it warned that the strong dollar was also hitting revenue booked … Read more

Nova Scotia gunman used ‘suspicious means’ to get cash, inquiry finds

Nova Scotia gunman used ‘suspicious means’ to get cash, inquiry finds

Commission counsel Ronke Akinyemi delivers a foundational document related to Gabriel Wortman’s financial misdealings at the Mass Casualty Commission inquiry into the mass murders in rural Nova Scotia on April 18/19, 2020, in Halifax on July 19.Andrew Vaughan/The Canadian Press It remains a troubling question that will linger long after the public inquiry into the … Read more