Whether you’re a member of a defined benefit (DB) or defined contribution (DC) pension plan, you’ll receive a pension adjustment (PA) each year. It’s important to understand what a PA is because it affects the maximum amount you can contribute to your RRSP each year. Let’s explore the PA, how it affects RRSP room and…

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The previous two posts had discussed about metrics that are derived from a balance sheet and earnings statement. This week, we will conclude by looking at a few other metrics that are determined by using data from the third component of a corporate financial statement – the cash flow. Consolidated Cash Flow Statement The cash…

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Late summer 2011, Capital One added two new MasterCards to the Aspire family, to replace their old tiered cash-back reward cards. These include two new versions: World and Platinum. Both are purely cash-back cards, with no tiers, earning limits, minimums, or annoying restrictions that many other cards have. Aspire Cash™ World MasterCard® (Discontinued) Earn 50%…

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If you’ve been following personal finance news over the past little while, you may have heard about a groundbreaking offer from Scotia iTrade that no other Canadian stock broker offers – FREE ETF trades. This is big news for index investors as they can avoid the $19.95 trading commission ($9.95 for those with $50k balance)…

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The previous post had looked at some metrics that could be derived from the balance sheet of a company. This week, we will look at other metrics that could be computed using the consolidated earnings statement of a company. Consolidated Earnings Statement (Income Statement) A statement of earnings provides information about a company’s revenue and…

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If your employer provides you with a defined benefit (DB) pension consider yourself lucky. According a 2009 study by Statistics Canada, fewer Canadian employees are covered by DB plans today. In 1991 41 per cent of Canadians were covered by DB, while in 2006 only 30 per cent of employees were covered. If you have…

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Investors would be aware that looking at company financial statements are one of the important parts of stock analysis. Ratios derived from such financial statements are not the be-all and end-all to the decision-making process but they play a vital role. They provide an understanding of the financial health of the company and ease the…

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