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What investors need to know about Canada Sep 20th
I will bet there’s not one Canadian (aside from Nordic sports enthusiasts, perhaps) who is excited about the coming winter. With COVID-19 cases rising, the real possibility of more lockdowns ahead and no warm-climate winter vacations to look forward to, the next few months are going to be long and.... More »
Rent relief: What each province is doing to help residential tenants during the pandemic - CTV News Apr 1st
Rent relief: What each province is doing to help residential tenants during the pandemic CTV NewsCan my landlord charge interest on late rent? Your COVID-19 questions answered CBC.caYour rent is due. What help is available for tenants across Canada Global NewsApril r.... More »
Foreign buyer tax won’t fix Toronto housing crisis + MORE Mar 13th
TORONTO — A new report suggests a foreign buyer tax alone can’t solve Toronto’s soaring housing prices.
The report, titled “In High Demand” and released Monday by Ryerson University’s City Building Institute, favours a tax on foreign buyers — similar to the one in.... More »
Young Canadians sue CPP Investments over climate risks + MORE Oct 30th
Canada’s largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk.
The four allege in a lawsuit filed in the Ontario Superior Court of Justice on Monday that the investment manager for the Canada .... More »
Here's how much you need to make to afford a home in Vancouver right now | Urbanized - Daily Hive + MORE Feb 2nd
Here's how much you need to make to afford a home in Vancouver right now | Urbanized Daily HiveCanada’s Real Estate Bubble Has Grown Over 800% Faster Than US Home Prices Better DwellingAverage BC home price will reach $1 million for the first time in 2022 | Urbanized &nb.... More »
What are corporate class mutual funds?
– moneysense.ca
(ptmoney.com/Flickr)
Q. The 2016 Budget included a big change by eliminating the tax benefit on capital gains for corporate class (C-Class) mutual funds. First, how do these funds work and who uses them? Second, will all these corporate class funds (including ETFs) be affected? And, third, didn’t Ottawa already start doing this back in 2013?
A. Corporate class funds have had broad appeal for their tax advantages, especially by seniors and higher net worth investors. In recent times, their investment returns have struggled within an extended period of low interest rates, inflation, currency fluctuation, market volatility and now, new high income tax brackets and rates. Corporate class funds offered an important hedge against all of those risks for non-registered account holders, through their tax efficiency.
Corporate class funds offered an opportunity to diversify income earnings and most importantly, the ability to switch between individual funds held within the structure on a tax-free basis…
Why you need to look where capital is scarce, an infrastructure stock worth examining, and how the humans are beating the investing robots
– theglobeandmail.com
A roundup of investment ideas for active investors
Will Canadian banks’ blowout profits silence skeptics?
– theglobeandmail.com
The financial sector is proving to be adept at navigating the obstacles in its way after four major banks reported profits this week
The Collier Centre project in downtown Barrie, Ont. (Mark Wanzel Photo)Investors have launched a proposed class action against a high-profile Toronto-area condo development firm, with projects across Canada, that raises millions from mom-and-pop investors through risky pooled mortgage products—many of which are advertised as safe and “secure.”
The suit, filed earlier this month in Ontario Superior Court, claims $27.5 million in damages, as well as the return of any profits, in relation to a troubled condo project in Barrie, Ont., which was marketed to investors by Fortress Real Developments, Fortress Real Capital and their various affiliates. It also accuses the Financial Services Commission of Ontario (FSCO) of failing to properly regulate the sector, dubbed by critics as a wild west of lending. “They were aware of the issues we’re complaining about in the suit for many years, but have done nothing to protect the public,” says Kevin Sherkin, the lawyer acting on behalf of two investors who hope to become representative plaintiffs if the suit is certified as a class action…
Ottawa mulls emerging risks to financial institutions
– theglobeandmail.com
New catastrophic risks that threaten Canadian financial institutions are getting more attention from the federal government.
