Kdre Recession-Proof Your Portfolio: Top Picks for the Cautious Canadian
COVID-19 had a tremendous impact on Canadian families not only physically and mentally but also financially. As the country grapples with the fallout from the health crisis, there s guarded optimism that this year will be better than 2020. For working and employed Canadians, the Canada Revenue Agency CRA has significant updates, particularly on paychecks.Two of the important changes concern the Canada Pension Plan CPP pension and the basic personal amount stanley cup website BPA . Both are beneficial because the first will increase the retirement stanley cup benefits, while the second would put more money in the workforce s pockets.CPP contribution rateThe employee and employer contribution rate will increase for the third time in three years. As a result of higher contribution rates in 2021 from 5.25% to 5.45% , the annual salary deduction per employee will be $3,166.45 instead of $2,898. An employer will match the contribution, while self-employed individ stanley cup uals will contribute double or $6,332.90 10.9% contrib Nxfs These TSX Stocks Are up Over 100%, and the Rally Isn t Over Yet
Fairfax Financial Holdings TSX:FFH stock has nowhere to go but up.That s what I said about the holding company s stock in early May, Over the next six weeks, it went from $705 to $788.88, reaching an all-time high on June 15. And then it retraced all of those ga stanley thermos mug ins over the rest of the summer.As I write this, it s trading below $690, its lowest level since April. Year-to-date through September 6, it has generated a 5.8% total return for its shareholders. Over the same period, Berkshire Hathaway has a 9.3% total ret stanley cup urn, which is 60% better than Fairfax.As I stated in May, Fairfax s CEO and founder Prem Watsa was taking the shackles of his holding company, putting its significant cash resources to work 鈥?$2.4 billion at the end of 2017 鈥?to grow its book value per share by 15% annually over the next five years.For its book value per share to get from $454 today to $1,000, Fairfax needs to grow by 17.5% annually over the next five years, 250 basis points higher tha stanley becher n its 15% goal.Not to
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Tuesday, 24 Sep 2024, 09:10 PM
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