Category: Business Finance

The Health Savings Account in a Canada-U.S. Context

You work hard to earn your money. You live below your means and have extra funds to save for retirement or a rainy day. But with all the different types of savings and investment accounts available, which should you prioritize? Once you’ve stashed away three to six months of living expenses in a basic savings account to cover unexpected emergencies like insurance deductibles, out-of-pocket medical expenses, and auto repairs, it’s time to turn your attention to other savings or investment accounts that have tax advantages that provide a benefit from the investment, allowing more of your money to be invested and ultimately returned back to you. Below are the factors to consider:

HSA Canada
  • Are contributions to the account deductible?
  • Does the account provide tax deferral of investment income?
  • How are distributions taxed?

The best scenario for an investment account is one that allows deductible contributions, tax-free investment income, and tax-free distributions.

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Financial Freedom For All

Blocvault, a truly unique opportunity 

Over the past 5 years I’ve been investing in crypto on exchanges and Defi. Recently I’ve been looking for a project that can bring me sustained returns even when the market enters a bear run. In my Defi search I was rugged by more projects than I would like to admit. That was until I found the Blocvault ecosystem and their latest module that lets you generate passive income! 

The team is different from other projects because there is no false hype and no empty promises. A utility is developed and is ready at launch. Too many projects launch a token and then there is an agonising wait for utility if it comes at all. Not with Blocvault. Build it first then bring the hype. 

What is the Blocvault ecosystem?

Blocvault is a fully doxxed public registered company in the UK. They are building a

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Bajaj Finance’s first-quarter net profit surges 159% yoy to Rs 2,596 cr

Consumer financier Bajaj Finance’s consolidated net profit jumped 159 per cent year-on-year (YoY) to Rs 2,596 crore in the April–June quarter (first quarter, or Q1) of 2022-23 (FY23), beating Street estimates. It was aided by strong net interest income (NII) growth and lower loan losses and provisions. This is the highest-ever quarterly profit for the lenders.

In the corresponding quarter a year ago, it had earned net profit to the tune of Rs 1,002 crore. On a standalone level, the lender’s net profit grew 179 per cent YoY to Rs 2,356 crore, compared with Rs 843 crore in the year-ago period.

Shares of the company closed at Rs 6,393.75 — up 2.14 per cent from the previous days’ close.

NII of the lender was 48 per cent at Rs 6,638 crore in Q1FY23, compared with Rs 4,489 crore in the year-ago period, as loans booked in the quarter

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Sinclair Broadcast Group Names Stephen Clare Vice President, Finance

BALTIMORE–(BUSINESS WIRE)–Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Stephen Clare has been named Vice President, Finance. Clare will have oversight of the company’s Financial Planning and Analysis as well as Business Development departments and will report directly to the Chief Financial Officer. He joins Sinclair from Audacy, where he was VP of Finance.

In making the announcement, Lucy Rutishauser, Sinclair’s EVP & Chief Financial Officer said, “Steve has a long history of excellence and financial expertise, particularly in the media space. We are thrilled Steve is returning to Sinclair where he worked earlier in his career.”

Previously, Clare held several executive financial leadership roles at Media General and LIN Media where he was VP of Finance and previously, Director of Financial Planning and Analysis. He has served as an M&A Consultant and spent eight years at Sinclair where he was the company’s Assistant Controller of Operations and

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Provident Financial returns to interim profit as wind-down costs fall

Provident Financial Group logo is seen on a smartphone in front of displayed stock graph in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration

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July 27 (Reuters) – British subprime lender Provident Financial (PFG.L) returned to interim profit on Wednesday, as costs related to the wind-down of its doorstep lending unit fell and demand remained robust in its credit card business.

Lenders, which benefited from increased borrowing as the market recovered from the pandemic, are now battling a possible spike in bad loans as the cost-of-living crisis deepens.

The London-listed company, which has placed its doorstep lending unit into a managed run-off since May 2021 after a surge in complaints, said it is in talks with regulators regarding future capital requirements after the unit winds down.

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Provident is also looking to focus

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