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It’s Wednesday, August 26. Here are the top stories we’re following today.
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National Bank of Canada’s net income for the three months ending July 31 was $1.30 billion, up 23 per cent from $1.06 billion during the same quarter last year, resulting in net earnings per share of $3.25.
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If you don’t file your tax return on time, you can be hit with late-filing penalties equal to five per cent of any balance owing, plus one per cent of the balance owing for each month your return is late, to a maximum of 12 months. But, if it’s not the first time you’ve filed late, those penalties will get much worse, writes Jamie Golombek.
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The Great Wealth Transfer from baby boomers to their younger heirs has been widely publicized, with many inheritors hoping it can offset these economic challenges. However, this shift is by no means as clean-cut and organized as it sounds.
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Loblaw Cos. Ltd. will reintroduce the country-of-origin labelling in its fresh produce aisles, just weeks after dropping them from displays, as consumers increasingly look to “buy Canadian” amid a trade war with the United States.
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It may feel as though willpower is the issue, but debt payments and everyday spending are often using up a paycheque before you get the chance to set savings aside, writes Mary Castillo.
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