By Fund Library News Wire | Friday, April 17, 2015
Powershares Canada, the ETF division of money manager Invesco Canada Ltd., announced the TSX debut listing on Thursday of three new Powershares smart beta ETFs, all of which use the FTSE RAFI Fundamental Index strategy.
The tax-filing deadline is April 30. So you still have time to take advantage of a variety of lesser-known credits, deductions, and transfers that the Canada Revenue Agency doesn’t exactly advertise with ringing bells and flashing lights. Here are five of my favorites of particular interest to higher-bracket taxpayers and investors.
When I review a fixed-income investment, one of the key pieces of information that I pay attention to is the investment’s “duration.” You’ve probably heard this word used loosely in the business media, where it is often confused with the “term” of a fixed-income investment. But duration is something quite different, and can tell you a lot about the interest-rate sensitivity (volatility) of a fixed-income investment, and can therefore be a useful tool in managing fixed-income portfolios.
If you have been shocked to find a balance due rather than a refund, be sure to file your return before midnight April 30 to avoid late filing penalties. This is an important first step in keeping more money, even if you can’t pay your bill immediately.