Lending to yourself
Article Abstract:
The Canadian federal government has introduced a Home Buyers' Plan which allows taxpayers to withdraw a maximum of $20,000 from their registered retirement savings plans (RRSPs) to be used in purchasing a house. Under the plan, only the principal will be repaid. While the plan may appeal to some people, others may consider it wise not to avail of the program. Since the borrowers owe the money to themselves, they may decide to ignore repayments. This will result to additional tax expenses and reduced value of the RRSP. Thus, it would be best not to borrow from the RRSP.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Other people's money
Article Abstract:
Many Canadian companies are having difficulty finding financial monetary sources to help them expand. Companies are making an effort to improve their business track record and marketing strategy as capital lenders become extremely cautious due to failed capital investments. Aside frombanks and other established financial institutions, a number of debt-financing sources are beginning to emerge, such as government-subsidized programs, immigrant funding programs and established private companies.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
B2B: look at it this way
Article Abstract:
The contributions of online business-directed purchasing and selling appear minimal, with just under 5% of overall purchases and just over 1% of sales of fast-growth companies coming from the Internet, but a closer examination of the situation shows a different situation. Canada's the online business to business market is expected to account for 18% of the Can$1.54 trillion business-to-business trade.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Direct to your desktop. Prevention is the priority. Defence: the best form of attack?
- Abstracts: Preparing for the council tax: lessons from community charge
- Abstracts: Desautels looks at the big picture. Air traffic controller
- Abstracts: CAATS it if you can. A matter of forms. On your mark ...
- Abstracts: Changes to the 1997 UFE Syllabus. Export-aid. Letter from Moscow