How to go about securing the best return for your investment in Canada.
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Spotify opens at nearly $166 a share in unconventional U.S. listing, then slips Apr 3rd
The highly anticipated shares of music streaming app Spotify opened for trading on the New York Stock Exchange on Tuesday at $165.90 US — nearly 26 per cent above the price set just a day before..... More »
How to make more money in Canada: 6 side hustle ideas Mar 6th
Six ideas for earning extra money
Drive for a ridesharing or delivery service Turn your hobby into a side businessStart freelancingRent out your carGet paid for filling out surveysMake money on social media
How do you start a side hustle?
As inflation skyrocketed and prices for everyday .... More »
Toronto mayor asks for help with refugees and asylum seekers in shelter system - CityNews Jun 26th
Toronto mayor asks for help with refugees and asylum seekers in shelter systemCityNewsTORONTO – The mayor of Canada's most populous city says Toronto can no longer accommodate new waves of refugees and asylum seekers in its shelter system without help from the federal and provincial governmen.... More »
Maple Leafs’ Matthews still finding ways to score without his best weapon - Sportsnet.ca Mar 10th
Maple Leafs’ Matthews still finding ways to score without his best weapon Sportsnet.caJets @ Maple Leafs 3/9/21 | NHL Highlights NHLMirtle: Why it's time for the Maple Leafs to go all-in with a big trade (or two) The AthleticToronto Maple Leafs: Top 4 Assets Most L.... More »
This Toronto Floral Shop Is Making the Industry More Sustainable + MORE Oct 12th
Before the pandemic, May Flowers, then a two-year-old floral business, operated like many of its competitors. It focused on wedding and occasion bouquets, and its shop in Toronto’s west end functioned primarily as a depot to fulfill orders.
This past spring, right after Mother’s Day—one of.... More »
CBC.caOttawa alters rules to curb foreign money in Canadian housingCBC.caOttawa has announced new rules aimed at limiting foreign money into Canadian real estate and ensuring that Canadians take on mortgages that they can afford. Finance Minister Bill Morneau announce the new rules at a speech in Toronto on Monday.Trudeau government to close foreign-buyers loopholeThe Globe and MailForeign buyers' real estate tax loophole to closeCTV NewsOttawa to close tax loophole for foreign home buyersToronto Starbnn.ca -Financial Post -Straight.com -Reuters Canadaall 31 news articles »
Aritzia shares jump in Toronto debut – The Globe and Mail
– news.google.ca
The Globe and MailAritzia shares jump in Toronto debutThe Globe and MailAritzia Inc. shares began trading for the first time Monday, well above the price set in the run-up to the Canadian fashion retailer's initial public offering. One-vote subordinate Aritzia shares were about 13 per cent above the IPO price of $16 after …and more »
Aritzia Inc. shares began trading for the first time Monday, well above the price set in the run-up to the Canadian fashion retailer’s initial public offering.
In Canada, we need housing hacks
– moneysense.ca
I’m intrigued with unconventional housing. Tiny houses; homes built from shipping containers; even cleaned-up brownfields turned into condo complexes. These are housing hacks for a complicated real estate landscape. Perhaps that’s why I am smitten with the tale of a Toronto family who packed up their life and moved into an abandoned 10,600 square-foot Prince Edward County school four years ago. Before it was shuttered in 2011, the school’s annual electricity bill was $10,000 and oil-heating came in at $38,000 a year. Puts my family’s heating bill in perspective!
But they made it work. This family refurbished the school, found economical ways to heat the place (including adding proper insulation and converting the heat source from oil to peet); three years later, they have a warm family home, complete with gym turned open-concept family room and kitchen with a pre-dinner performance stage. The school-come-home is located in a thriving farm-to-table tourist community, so this family also found a way to earn a living: They turned a portion of the school into a B&B…
But they made it work. This family refurbished the school, found economical ways to heat the place (including adding proper insulation and converting the heat source from oil to peet); three years later, they have a warm family home, complete with gym turned open-concept family room and kitchen with a pre-dinner performance stage. The school-come-home is located in a thriving farm-to-table tourist community, so this family also found a way to earn a living: They turned a portion of the school into a B&B…
Ottawa closes housing exemption tax loophole
– moneysense.ca
Ottawa took a step towards closing a tax loophole that impacts all Canadians earlier this morning, when Finance Minister Bill Morneau clearly told the world: You need to live here, in Canada, in order to benefit from our tax exemptions.
Read more: Why Vancouver’s real estate market is so crazy —-
Impact felt by all at tax time
Up until now, anyone who sold their principal residence in Canada did not have to report that sale to the Canada Revenue Agency, or the profit earned on that sale. The reason was that the CRA provides a tax exemption on property that is used as your primary home.
As of today, however, the federal government will now require all Canadians tax-filers to report the sale of each and every property sold in the country. As with all assets, taxes are owed, however, if the property is a principal residence it’s still exempt.
“The CRA will audit tax forms,” says Morneau, “to verify that the beneficial owner lives here in Canada and is living in the home in order to claim and receive the Principal Residence tax Exemption (PRE)…
