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Enbridge, TransCanada shares recover from steep dive following U.S. tax ruling + MORE Mar 17th
CALGARY _ Shares in Canadian pipeline companies Enbridge Inc. and TransCanada Corp. are recovering from a steep sell-off Thursday after the U.S. eliminated a tax break for owners of certain interstate pipelines.
Both Calgary-based companies hold such pipelines in the United States through master lim.... More »
Canada's economy contracted during 2nd quarter, StatsCan says - CBC News Sep 1st
Canada's economy contracted during 2nd quarter, StatsCan says CBC NewsCanadian recession imminent and could last through the first half of 2024: Desjardins - Mortgage Rates & Mortgage Broker News in Canada Canadian Mortgage TrendsStatistics Canada to release June and Q2 GDP.... More »
Renting vs. buying: Which is the better option? Aug 20th
The rent-versus-buy debate has long divided financial experts and aspiring home owners, with no clear winner in sight.
The traditional argument holds: While buying a home can build long-term equity and stability, renting can provide flexibility and fewer upfront costs. But as home ownership becom.... More »
Shares in Cameco up after Kazakhstan plans uranium production cuts + MORE Dec 4th
TORONTO _ Shares of Canadian miner Cameco Corp. (TSX:CCO) soared in trading Monday after a rival uranium producer announced plans to cut production.
Kazakhstan’s state-owned Kazatomprom announced it plans to reduce uranium production by 20 per cent for three years, starting in January.
Kazakhs.... More »
Making sense of the markets this week: January 14, 2024 Jan 12th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
2023 asset returns versus the last 10 years
As we enter the New Year and investing columnists write their prediction col.... More »
The new Canadian consumer: ‘Tapped out’ and ‘accident-prone’
– theglobeandmail.com
Canada more vulnerable than in run-up to financial crisis, HSBC warns
Philippine Airlines plans to buy up to a dozen Q400 Bombardier aircraft
– canadianbusiness.com
TORONTO – Bombardier Commercial Aircraft says Philippine Airlines has signed a letter of intent to acquire up to 12 of its Q400 aircraft.
Bombardier (TSX:BBD.B) did not disclose a purchase price for the acquisition of the 86-seat turboprop aircraft.
Philippine Airlines is the country’s flag carrier and serves more than 70 destinations at home and around the world.
Bombardier says about 190 of its aircraft are either in service or have been ordered by airlines in the Asia-Pacific region. The Montreal-based company also says it has firm orders on the books for a total of 565 Q400 aircraft.
Bombardier stock closed Thursday at $1.75 on the Toronto Stock Exchange, down two cents.
The post Philippine Airlines plans to buy up to a dozen Q400 Bombardier aircraft appeared first on Canadian Business – Your Source For Business News.
Bombardier (TSX:BBD.B) did not disclose a purchase price for the acquisition of the 86-seat turboprop aircraft.
Philippine Airlines is the country’s flag carrier and serves more than 70 destinations at home and around the world.
Bombardier says about 190 of its aircraft are either in service or have been ordered by airlines in the Asia-Pacific region. The Montreal-based company also says it has firm orders on the books for a total of 565 Q400 aircraft.
Bombardier stock closed Thursday at $1.75 on the Toronto Stock Exchange, down two cents.
The post Philippine Airlines plans to buy up to a dozen Q400 Bombardier aircraft appeared first on Canadian Business – Your Source For Business News.
California judge allows bail for Backpage.com operators
– canadianbusiness.com
SACRAMENTO, Calif. – The operators of an international website advertising escort services will be allowed to post bail while they await trial on charges of pimping by trafficking prostitutes, a California judge decided Thursday.
Sacramento Superior Court Judge Michael Bowman ruled after a secret hearing that the Backpage.com operators have enough assets that are not tied to the website, which California authorities allege are ill-gotten gains that should not be used to post bail.
The California attorney general’s office charges that the website brought in millions of dollars each month through thinly disguised online advertisements for commercial sex, some involving minors.
Backpage attorney Liz McDougall said the site’s chief executive, Carl Ferrer, 55, would post $500,000 bail Thursday. Ferrer is charged with pimping a minor, pimping and conspiracy to commit pimping.
The former owners of the Village Voice in New York City, Michael Lacey, 68, and James Larkin, 67, would post $250,000 each, she said…
Sacramento Superior Court Judge Michael Bowman ruled after a secret hearing that the Backpage.com operators have enough assets that are not tied to the website, which California authorities allege are ill-gotten gains that should not be used to post bail.
The California attorney general’s office charges that the website brought in millions of dollars each month through thinly disguised online advertisements for commercial sex, some involving minors.
Backpage attorney Liz McDougall said the site’s chief executive, Carl Ferrer, 55, would post $500,000 bail Thursday. Ferrer is charged with pimping a minor, pimping and conspiracy to commit pimping.
The former owners of the Village Voice in New York City, Michael Lacey, 68, and James Larkin, 67, would post $250,000 each, she said…
China, Bangladesh to sign investment pacts during Xi visit
– canadianbusiness.com
DHAKA, Bangladesh – Chinese President Xi Jinping has begun a visit to Bangladesh during which the two countries are to sign agreements on billions of dollars of Chinese investment in infrastructure and energy.
Xi, the first Chinese president to visit Bangladesh in 30 years, was received by Bangladesh President Abdul Hamid at Dhaka’s airport on Friday.
Chinese Assistant Foreign Minister Kong Xuanyou said Bangladesh is an important partner of China in South Asia, and the visit will be a “milestone” in their relationship.
The two countries have good economic ties. Chinese contractors have been building bridges and highways in Bangladesh, and Dhaka buys most of its military equipment from China.
Xi leaves for New Delhi on Saturday to attend a summit of five BRICS countries — Brazil, Russia, India, China and South Africa.
The post China, Bangladesh to sign investment pacts during Xi visit appeared first on Canadian Business – Your Source For Business News.
Xi, the first Chinese president to visit Bangladesh in 30 years, was received by Bangladesh President Abdul Hamid at Dhaka’s airport on Friday.
Chinese Assistant Foreign Minister Kong Xuanyou said Bangladesh is an important partner of China in South Asia, and the visit will be a “milestone” in their relationship.
The two countries have good economic ties. Chinese contractors have been building bridges and highways in Bangladesh, and Dhaka buys most of its military equipment from China.
Xi leaves for New Delhi on Saturday to attend a summit of five BRICS countries — Brazil, Russia, India, China and South Africa.
The post China, Bangladesh to sign investment pacts during Xi visit appeared first on Canadian Business – Your Source For Business News.
When do you owe tax on an investment property?
– moneysense.ca
Q: Does an investor pay tax each year on the appreciation of equity in an investment property? If so, would I owe tax on the equity I have in a property? Would that increase as I pay down the mortgage debt?
— When are taxes owed, Guelph, Ont.
Ayana Forward is a certified financial planner in Ottawa:
Capital gains taxes are only due when there is a disposition of property (deemed or real). You do not pay tax each year on the appreciation of equity in an investment property.
Ayana Forward is a real estate investor who also holds the Certified Financial Planner (CFP®) designation. Ayana is fee-based Financial Planner with Ryan Lamontagne Inc in Ottawa, ON.
Read more: Can you avoid capital gains tax? »
Read more: How to pay less capital gains tax »
Read more: Tax deductions from investment expenses »
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