How to go about securing the best return for your investment in Canada.
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Will Archbishop of Canterbury's residential school apology include any of Church of England's $13B in assets? - CBC.ca May 2nd
Will Archbishop of Canterbury's residential school apology include any of Church of England's $13B in assets? CBC.caResidential school survivor says weight "lifted" after Anglican church apology Global NewsArchbishop of Canterbury addresses reconciliation during service in Sask.... More »
Financial independence and travel: Can you have both? Apr 24th
In February and early March, as is increasingly our custom, my wife Ruth and I spent five weeks in a sunny clime in order to avoid the tail end of Canada’s winter. On our return from Malta, regular guest blogger Devin Partida contributed a relevant article titled “Can you pursue financial indepe.... More »
Making sense of the markets this week: April 7, 2024 Apr 5th
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.
Are we in the middle of another Roaring ’20s?
For those who aren’t into history, the Roaring ’20s has been referre.... More »
Rental income and taxes: What’s new for Canadian property owners in 2025 + MORE Apr 14th
Canadians love their real estate and they love renting their properties to make some extra money. However, that comes with some tax audit risk and the need to stay in the know of current tax law. Here’s what you should be thinking about for your 2024 and 2025 income taxes, as well as the forms you.... More »
What to consider when naming investment account beneficiaries Jun 24th
When opening certain investment accounts, investors may have the option to designate a beneficiary. It is important to consider the implications in order to minimize tax payable and ensure estate wishes are fulfilled upon the death of an account holder.
RRSP
Registered Retirement Savings Plans (RRSP.... More »
Ontario urging Ottawa to change tax rules in bid to curb real estate speculation
– canadianbusiness.com
Ontario Finance Minister Charles Sousa is urging Ottawa to address speculative investing in the country’s housing markets by changing how such profits are taxed.
Currently, capital gains tax is charged on 50 per cent of the profits on the sale of a home, unless the property qualifies for the principle residence exemption.
In a letter to federal Finance Minister Bill Morneau on Friday, Sousa says that boosting the taxable amount above 50 per cent could reduce the incentive for people to purchase homes on speculation. Morneau is set to release his latest budget on Wednesday.
Speculative investing in the real estate market _ buying a home in the hope of turning a profit rather than to live in _ is believed to be one of the culprits behind soaring house prices in certain markets including Toronto and Vancouver and their surrounding areas.
Sousa says curbing speculative real estate purchases could help address dwindling housing affordability so that first-time buyers are able to get into the market…
Currently, capital gains tax is charged on 50 per cent of the profits on the sale of a home, unless the property qualifies for the principle residence exemption.
In a letter to federal Finance Minister Bill Morneau on Friday, Sousa says that boosting the taxable amount above 50 per cent could reduce the incentive for people to purchase homes on speculation. Morneau is set to release his latest budget on Wednesday.
Speculative investing in the real estate market _ buying a home in the hope of turning a profit rather than to live in _ is believed to be one of the culprits behind soaring house prices in certain markets including Toronto and Vancouver and their surrounding areas.
Sousa says curbing speculative real estate purchases could help address dwindling housing affordability so that first-time buyers are able to get into the market…
Owners of small- and medium-sized businesses in Alberta are more confident than they’ve been in years, but that sense of optimism remains tightly tied to the price of oil, according to the latest quarterly survey from ATB Financial.
Trudeau and Bay Street are on a collision course over income inequality
– canadianbusiness.com
Prime Minister Justin Trudeau meets with members of the Automotive Parts Manufacturers’ Association. (Galit Rodan/CP)Prime Minister Justin Trudeau certainly has Bay Street in a tizzy. David Rosenberg, a famous economist who works for high-end wealth manager Gluskin Sheff + Associates, this week advised readers of his $1,000-a-year newsletter to sell Canadian stocks and convert their loonies to other currencies before the March 22 budget ruins them. “This promises to be a tax-grab budget that would have made the likes of Herb Gray very proud if he was still alive,” Rosenberg wrote on March 13, according to a subscribers-only report in the Globe and Mail.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Six things to watch for in Canada’s 2017 federal budget
Rosenberg, known for prescient forecasts based on hard data, has been spreading rumours for at least a month that Trudeau intends to raise taxes on capital gains…
Economists can’t say they weren’t warned about Toronto housing
– theglobeandmail.com
Outside observers such as the International Monetary Fund and the Organization for Economic Co-operation and Development have sounded the alarm for years about surging Canadian real estate prices
Boost taxable capital gains amount says Ontario
– moneysense.ca
TORONTO — Ontario Finance Minister Charles Sousa is urging Ottawa to address speculative investing in the country’s housing markets by changing how such profits are taxed.
Currently, capital gains tax is charged on 50 per cent of the profits on the sale of a home, unless the property qualifies for the principle residence exemption.
In a letter to federal Finance Minister Bill Morneau on Friday, Sousa says that boosting the taxable amount above 50 per cent could reduce the incentive for people to purchase homes on speculation. Morneau is set to release his latest budget on Wednesday.
Speculative investing in the real estate market— buying a home in the hope of turning a profit rather than to live in — is believed to be one of the culprits behind soaring house prices in certain markets including Toronto and Vancouver and their surrounding areas.
Sousa says curbing speculative real estate purchases could help address dwindling housing affordability so that first-time buyers are able to get into the market…
Currently, capital gains tax is charged on 50 per cent of the profits on the sale of a home, unless the property qualifies for the principle residence exemption.
In a letter to federal Finance Minister Bill Morneau on Friday, Sousa says that boosting the taxable amount above 50 per cent could reduce the incentive for people to purchase homes on speculation. Morneau is set to release his latest budget on Wednesday.
Speculative investing in the real estate market— buying a home in the hope of turning a profit rather than to live in — is believed to be one of the culprits behind soaring house prices in certain markets including Toronto and Vancouver and their surrounding areas.
Sousa says curbing speculative real estate purchases could help address dwindling housing affordability so that first-time buyers are able to get into the market…
