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When does the “plus 1” rule apply to a principal residence? + MORE Jan 23rd
If I am willed a house and prefer to sell my primary residence to move into the inherited house, do I pay capital tax on the sale of my house?Is it better to be on title of the house I will inherit, even though I own another house, or leave it as an inherited house only to save taxes?—Doris
Tax.... More »
3 Visual Storytelling Tips to Give Your Online Brand an Edge Apr 30th
Content that includes a visual gets 94% more views than pure text alone. In other words, visual storytelling should be a huge part of your company’s marketing strategy.
But many businesses feel overwhelmed by creating visual assets. It can be intimidating, but these tips will help you out.
Ch.... More »
Canadian exporters feel pessimistic on NAFTA uncertainty, seeking new solutions + MORE Dec 16th
TORONTO _ Nearly one-quarter of Canadian exporters believe they are negatively affected by looming NAFTA renegotiation uncertainty and are turning to creative solutions to succeed even if the free trade agreement fails, according to a poll by Export Development Canada.
The federal agency supporting .... More »
Markets slide as Trump's tariff war escalates - BBC.com Feb 3rd
Markets slide as Trump's tariff war escalates BBC.comForbes Daily: Markets Brace As Trump Triggers Trade War Among Allies ForbesMarkets in Asia, Europe slide as Trump starts wielding tariffs The Washington PostStocks tumble and dollar surges as Trump unleashes trade .... More »
Happy finances, happy couples. Six steps to ensure financial happiness in 2023 Dec 26th
Set aside your emotions, budget and curb overspending and work as a team to ensure your financial future, writes personal finance columnist Lesley-Anne Scorgie.... More »
Why Petronas cancelled its massive B.C. LNG project
– canadianbusiness.com
(iStock)This week, Petronas finally announced that it would not proceed with its Pacific Northwest LNG project—part of a proposed $36 billion investment in B.C. natural gas production, processing and shipping. While the project had significant potential when first announced, and Petronas signalled continued commitment to it as recently as last year—after the Trudeau government finally approved the project—the market has been weakening since and it wasn’t a huge surprise that they announced a cancellation. In addition to market headwinds, the project faced significant opposition, it was seen as a potentially large source of GHG emissions, and the previous B.C. Liberal government had over-promised beyond what the project and others like it would have ever been able to deliver. After five years of regulatory process, with global gas prices having collapsed, Petronas decided it could better spend about $18 billion it had previously proposed to spend on the combined pipeline and LNG project…
Commercial banking boosts profit for HSBC
– theglobeandmail.com
Results could foreshadow what’s in store later this month when Canada’s largest banks report third-quarter earnings
A shareholder of Hudson’s Bay Co. is repeating it call for the retailer to tap into the value of its real estate holdings and says it may try to oust members of the company’s board of directors.
How millennials can increase their wealth
– moneysense.ca
The post How millennials can increase their wealth appeared first on MoneySense.
Shkreli jury begins deliberations in federal fraud trial
– canadianbusiness.com
A jury began deliberations Monday at the federal securities fraud trial of Martin Shkreli, the former biotech CEO best known for hiking up the price of a life-saving drug and for trolling his critics on social media.
The deliberations follow about a month of testimony in federal court in Brooklyn, most it from investors in two failed hedge funds run by the defendant. The witnesses told jurors that the 34-year-old Shkreli concealed the fact that he lost millions of dollars and made them the victim of a scheme to pay them back with worthless stock in a startup drug company.
The trial “has exposed Martin Shkreli for who he really is _ a con man who stole millions,” a federal prosecutor, Jacquelyn Kasulis, said in closing arguments last week.
The defence countered by arguing that the investors weren’t victims because they ended up recouping their money when the drug company went public. Some even made large profits when the stock price took off.
“Who lost anything? Nobody,” defence attorney Ben Brafman said in his closing argument…
The deliberations follow about a month of testimony in federal court in Brooklyn, most it from investors in two failed hedge funds run by the defendant. The witnesses told jurors that the 34-year-old Shkreli concealed the fact that he lost millions of dollars and made them the victim of a scheme to pay them back with worthless stock in a startup drug company.
The trial “has exposed Martin Shkreli for who he really is _ a con man who stole millions,” a federal prosecutor, Jacquelyn Kasulis, said in closing arguments last week.
The defence countered by arguing that the investors weren’t victims because they ended up recouping their money when the drug company went public. Some even made large profits when the stock price took off.
“Who lost anything? Nobody,” defence attorney Ben Brafman said in his closing argument…
