How to go about securing the best return for your investment in Canada.
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Canadian Real Estate Prices To See The Sharpest Drop In Global Downturn: Goldman - Better Dwelling - Better Dwelling Jul 4th
Canadian Real Estate Prices To See The Sharpest Drop In Global Downturn: Goldman - Better Dwelling Better DwellingCanadian home sales could decline 23% in 2022: TD | Urbanized Daily HiveCalgary home sales slowed in June: CREB | CTV News CTV News CalgaryHome sales to .... More »
Borrowing money to invest Jun 10th
There are different ways to borrow to invest.
Opening a margin account
A simple option is with a margin account at a brokerage. Depending on the existing investments in the account, a brokerage will lend up to a certain percentage of the value to an investor, at a specified interest rate.
The amount.... More »
The RRSP deadline is coming soon — here’s how to make your contribution work harder this year Feb 24th
Contributing to an RRSP allows your retirement savings to grow tax-sheltered and can reduce the amount of tax you pay this year, writes Lesley-Anne Scorgie..... More »
Trudeau plays up Canadian diversity and education in bid for Amazon headquarters + MORE Feb 9th
The prime minister signals he’s not prepared offer the e-commerce giant any financial incentives to sweeten the deal.
.... More »
Three surprising things about the just-released MacKinnon report examining Alberta's financial mess - National Post Sep 3rd
Three surprising things about the just-released MacKinnon report examining Alberta's financial mess National PostMacKinnon panel's 26 recommendations include legislated salaries for public sector workers CBC.ca'Alberta faces a critical financial situation': Government panel rec.... More »
CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership
– theglobeandmail.com
CPPIB wants to increase its exposure to the growing logistics sector
Avoiding Canadian tax on U.S. property
– moneysense.ca
Q: I am separating (than divorcing) from my husband and we are splitting the houses we own—one in Canada and one in Phoenix. Can I use the Phoenix home as my principal residence? I have owned it since 2008. He will get the Canadian house in the divorce.
— Sonja
A: Hi Sonja, I am sorry that you and your ex are in the process of dividing up your marital assets. This time can be both stressful and liberating.
When designating a residence as your primary home, the Canada Revenue Agency requires that you ordinarily inhabited the property. There are no time-limits or prerequisites for how long you must own or live in the property or what “ordinarily inhabited” looks like. This means that you can designate a house in Phoenix, Arizona as your principal residence—which would exempt you from having to pay capital gains tax, when you sell the property, to the CRA.
But here’s where things get tricky. There is an issue of whether or not you are a U.S. citizen or a Canadian citizen. If you are a U…
