Tis the season to be merry, but if the holidays make you feel like saying, bah, humbug, it may be time to rethink your routine. Relaxing over the holidays begins with developing the right mindset, so if you're wrapped up in worrying about what gifts to buy, keeping your holiday budget in check, or planning the perfect holiday get-together, it's easy to lose focus on what really matters.
Welcoming January 1st with a few financial resolutions may leave you wealthier and wiser in the new year. As you're drafting your list, don't forget to leave room for these credit related resolutions and give your financial life a boost. .
The 2017 Tax Cuts and Jobs Act introduced new tax breaks for businesses, such as the 20 percent pass-through deduction, while also preserving or enhancing others. One tax benefit to remain intact as part of the bill is the Work Opportunity Tax Credit* (WOTC).
The credit, which was extended through 2019 under the bill, offers a tax incentive for businesses to hire new employees from groups that may face special barriers to employment.
It's no secret. Many Canadians who are in or entering their retirement years are, quite literally, on the move. In a 2017 CIBC poll, 67 percent of Baby Boomers said they had their sights set on selling their home. And many—63 percent—said they wanted to downsize to something smaller.
Constructing an investment portfolio for the first time can be somewhat intimidating for the unseasoned investor. Lack of knowledge can keep investors from creating a portfolio that allows them to achieve their short- and long-term objectives.
A diversified portfolio is essential for building long-term wealth. Diversification allows you to balance risk so that if one segment of your portfolio lags, the financial hit is minimized as much as possible. Stocks, bonds and mutual funds can offer variety, but it's important to look beyond these asset classes to potentially lucrative alternatives.
According to a 2017 survey from the American Institute of CPAs, 49 percent of non-retired Americans are not confident that they'll be able to reach their retirement goals. Their lack of confidence was driven largely by worries over rising healthcare costs, taxes, and the future of Social Security. If you're experiencing similar concerns, fine tuning your financial strategy may be the solution.
For most businesses, the ability to keep operations running smoothly hinges on having the right equipment. When a key piece of equipment breaks down or becomes outdated, replacing it may be necessary.
Having savings tucked away can give you financial peace of mind, but the question is, where's the best place to put your dollars and cents?
Certificates of deposit and savings accounts are two options for keeping your savings secure, while also earning interest on your money. Understanding how the two differ — and what they're best suited for — can help you decide which one to use as you work toward your financial goals.
How CDs Work
A certificate of deposit, or CD, is a savings certificate t...
Maintaining a steady cash flow is a common stumbling block for many businesses. When you have the occasional cash flow blip, financing may be the answer to keep your business running smoothly.
Cyberattacks can harm your business's reputation and result in financial losses.