How to go about securing the best return for your investment in Canada.
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“Real value lies in giving people meaningful work and helping them avoid burnout” Aug 16th
Shane Murphy is the CEO of Ownr, a platform that has helped simplify small business incorporation, registration and compliance processes for over 100,000 Canadian entrepreneurs. Prior to stepping into the role of CEO at Ownr, Murphy was an entrepreneur himself. His venture, Founded Technologies, hel.... More »
Why we have deficits—in good times as well as bad + MORE Feb 28th
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Oilpatch woes impacting Canadian economy, central bank says + MORE Jan 10th
The Bank of Canada acknowledged Wednesday the struggles of the oilpatch are weighing on the broader economy, adding that investment in the sector is "projected to weaken further.".... More »
Home Capital Group says new mortgage rules have clients migrating from big banks + MORE Feb 15th
TORONTO _ Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year _ even though it too is required to abid.... More »
Plan for financial success in 2026 Dec 24th
It’s that time of the year again. While you’re caught up in last-minute runs to the store and mapping out the family dinner menu for the holidays, an annual financial review is unlikely to cross your mind. The timing of financial reviews often competes with holiday fun as the end of the .... More »
CP/Craig Wong—Thanks to a rally this fall, the Toronto Stock Exchange is up for the year so far, but that doesn’t mean you don’t have any losers in your portfolio.
Now might be the time to cull those picks that haven’t worked out like you had hoped and use them to offset the taxes you owe on your winners, tax experts say.
Jamie Golombek, managing director of tax and estate planning at CIBC, says it has been a great year in the market for many, but that doesn’t mean investors don’t have losing stocks that could be sold.
“If you can do it before the end of the year, you’re going to able to use that capital loss to offset other capital gains that you might have realized earlier this year,” he said.
Now might be the time to cull those picks that haven’t worked out like you had hoped and use them to offset the taxes you owe on your winners, tax experts say.
Jamie Golombek, managing director of tax and estate planning at CIBC, says it has been a great year in the market for many, but that doesn’t mean investors don’t have losing stocks that could be sold.
“If you can do it before the end of the year, you’re going to able to use that capital loss to offset other capital gains that you might have realized earlier this year,” he said.
Pay less tax on rental properties
Even if you don’t have any capital gains this year, taking a loss now can still save you money if you have had capital gains in recent years or expect to have them in the future.
Losses must first be applied to any capital gains you have in the year you incur the loss, but once they have all been offset, the rest of your losses can be either carried back up to three years or saved to offset capital gains in future years…
CPPIB acquires 30-per-cent stake in BGL Group for $1.14-billion
– theglobeandmail.com
The owner of Comparethemarket.com was considering an IPO on the London Stock Exchange
