The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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TSX has one of its best days of the year on rally by three largest sectors - Yahoo Canada Finance Jun 18th
TSX has one of its best days of the year on rally by three largest sectors Yahoo Canada FinanceCanada's main stock index inched to within one per cent of a record high Tuesday on a broad-based rally spurred on by renewed hope of U.S. interest rate cuts ....... More »
Canadian bank bonuses climb 3.9% as virus stops 'crazy' payouts - BNN Dec 3rd
Canadian bank bonuses climb 3.9% as virus stops 'crazy' payouts BNNRoyal Bank of Canada warns of headwinds after better-than-expected profit Financial PostRoyal Bank of Canada (TSX:RY) Stock: A Clear Buy Post-Earnings The Motley Fool CanadaCIBC beats as capital marke.... More »
Canada space investment key to future growth, experts say - Barrie 360 Apr 12th
Canada space investment key to future growth, experts say Barrie 360View Full Coverage on Google News.... More »
AI chatbots can help with personal finance—if you ask the right questions + MORE Jul 15th
As Canadians increasingly turn to AI chatbots for help with everyday tasks like meal planning, workout routines and even mapping out vacation itineraries, some are also using it to help manage their money.
“It’s a personal financial assistant,” said Martin Dasko, a content creator foc.... More »
Making sense of the markets this week: October 4, 2021 Oct 1st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Will the energy crunch turn into an energy crisis?
The energy story is dominating headlines these days, described as a crunch or even an energy crisis .... More »
How can my stock losses be used to lower taxes?
– moneysense.ca
Q. I just received a report from my brokerage noting the value of one of my investments was cut in half. Can this loss report be used to lower taxes and how does that work? I understand there is also a specific form used for Canada Revenue, but I’m not sure which ones I need. Thanks, Leslie
A. The loss on stocks (and any other capital asset) is a capital loss. Capital losses may be used to reduce capital gains in the year of sale, any of the immediate three years, or any future year. Capital losses cannot decrease your income from any other source, except in the year that you die.
So, if you experience a capital loss in the current tax year, first you use the loss to reduce any capital gains reported in the year. The reporting is done on Schedule 3 of your tax return.
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Then, you may carry unabsorbed losses back to any of the previous three years to reduce capital gains reported in those years. Use form T1A Loss Carry Back to do so.
If the prior year gains are not sufficient to absorb the loss, any left-over amount can be carried forward indefinitely and applied to any capital gain reported in those years…
