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Trump tax bill drives world markets to record highs – business live - The Guardian Dec 19th
The GuardianTrump tax bill drives world markets to record highs – business liveThe GuardianThe US stock market has gained over 20% this year, rather embarrassing the experts who claimed a Donald Trump victory would sent shares sliding. The president himself hasn't been shy about taking credit.... More »
Elon Musk replaced as Tesla chair Nov 8th
Tesla announced that Elon Musk's replacement as its chair will be Robyn Denholm, currently chief financial officer at Australian telecommunications operator Telstra..... More »
$70B Anglo-Teck merger faces Ottawa review, shareholders react positively + MORE Sep 10th
In what’s shaping up to be the world’s biggest mining deal of the past decade, Teck Resources Ltd. has agreed to a tie-up with London-headquartered Anglo American PLC to create a copper-focused giant worth about $70 billion.
The companies have proposed the deal as a “merger of equal.... More »
Helping your kids buy a home? Why a cash gift may be safer than co-signing Sep 6th
It’s not uncommon for parents to want to help their adult children enter the housing market. For some, that help comes in the form of co-signing for their child’s mortgage, but experts warn that means taking on financial risks they might not understand and could impact their own debt and.... More »
Can transferring ownership of a house help avoid probate tax? + MORE May 2nd
Ask MoneySense
I was having dinner with a friend and talking about inheritance tax regarding her parents’ house when they pass away. If they transferred ownership while the parents were still living, what would the impact of the inheritance tax be?
–Mary
Understanding inheritance tax in C.... More »
OSC alleges Davies law firm employee involved in insider-trading ring
– theglobeandmail.com
OSC says Donna Hutchinson, who worked as a legal assistant at Davies, tipped off stock trader Cameron Cornish on a series of takeover offers
Provinces challenge Trudeau government over contentious tax proposals
– canadianbusiness.com
OTTAWA _ Provincial pressure is intensifying against the Trudeau government’s controversial tax-reform proposals, which have angered business owners, doctors and farmers across Canada.
On Friday, provincial leaders representing different political stripes _ Liberals, New Democrats and Conservatives _ spoke out about tax reforms recommended by Ottawa’s Liberal government.
Manitoba Premier Brian Pallister, flanked by business owners and a farmer, held an afternoon event in Winnipeg where he aired his frustration over the federal tax proposals.
On the East Coast, Nova Scotia Premier Stephen McNeil expressed concern that the changes could hurt his province’s physician recruitment efforts and hamper the ability of small businesses to create financial cushions as protection during downturns. McNeil was scheduled to meet federal Finance Minister Bill Morneau later in the day to directly convey this message.
Out west, British Columbia Finance Minister Carole James said she didn’t think Ottawa had consulted enough on an issue that has spread fears of the “unintended consequences” on small business owners…
On Friday, provincial leaders representing different political stripes _ Liberals, New Democrats and Conservatives _ spoke out about tax reforms recommended by Ottawa’s Liberal government.
Manitoba Premier Brian Pallister, flanked by business owners and a farmer, held an afternoon event in Winnipeg where he aired his frustration over the federal tax proposals.
On the East Coast, Nova Scotia Premier Stephen McNeil expressed concern that the changes could hurt his province’s physician recruitment efforts and hamper the ability of small businesses to create financial cushions as protection during downturns. McNeil was scheduled to meet federal Finance Minister Bill Morneau later in the day to directly convey this message.
Out west, British Columbia Finance Minister Carole James said she didn’t think Ottawa had consulted enough on an issue that has spread fears of the “unintended consequences” on small business owners…
The ballyhooed ‘war on homebuyers’ isn’t real
– macleans.ca
THE CANADIAN PRESS/Nathan DenetteCanada’s real estate market has seen a lot of changes over the past year or so. Interest rates have gone up twice. Governments in B.C. and Ontario implemented foreign buyer taxes and other measures to cool housing markets, and the Greater Toronto Area is experiencing a dramatic slowdown in sales. More stringent mortgage stress-tests were introduced for borrowers last year, too, reducing demand. Now yet another change is on the horizon that the real estate industry warns will hit the housing market hard, with spill-over effects to the broader economy. Industry pushback and fear-mongering is predictable when regulations are proposed, but in this case, the housing industry isn’t exactly wrong. A proposed policy change from the country’s banking regulator threatens to reduce home sales, knock some first-buyers out of the market and push others to buy less expensive homes. That is the whole point, in fact—and it may be just what Canada needs…
