Aurora acquires stake in medical pot company The Green Organic Dutchman Holdings + MORE Jan 5th

EDMONTON, B.C. _ Aurora Cannabis Inc. has signed deals to acquire an initial minority stake in The Green Organic Dutchman Holdings Ltd. and to purchase up to 20 per cent of TGOD’s annual cannabis production.
Aurora (TSX:ACB) says it plans to acquire a 17.62 per cent stake in the privately held company for $55 million.
Aurora will also have the option to incrementally increase its ownership interest to 51 per cent once TGOD meets certain corporate, operational, construction and financial milestones.
TGOD is building a high-technology greenhouse in Valleyfield, Que., where it owns a 30-hectare property.
Under the proposed supply agreement, Aurora will have the right to purchase up to 20 per cent of TGOD’s annual production of cannabis from its Ancaster, Ont., and Valleyfield facilities.
The supply contract also gives Aurora the right to purchase up to 33 per cent of the production at the two facilities if it increases its ownership interest to 31 per cent.
The post Aurora acquires stake in medical pot company The Green Organic Dutchman Holdings appeared first on Canadian Business – Your Source For Business News.

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It’s not uncommon for people with unused space in their tax-free savings account or RRSP room to hold non-registered investments simultaneously. While you could make a case for not maxing out your RRSP, it’s tough to justify leaving room in your TFSA if you have the savings available. (One exception might be if you have non-registered investments with accrued capital gains that will trigger a large tax liability if you sell or transfer the investments.) Here’s what could happen if you move your non-registered savings into a TFSA and limit the amount of taxable income you’re earning.

This article was first published January 2016
 

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The post Why you should top up your TFSA appeared first on MoneySense.

(Shutterstock)
The TFSA limit determines how much you can deposit in your Tax-Free Savings Account each year.
The TFSA limit for 2018:

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YearTFSA Annual LimitTFSA Cumulative Limit

2009$5,000$5,000
2010$5,000$10,000
2011$5,000$15,000
2012$5,000$20,000
2013$5,500$25,500
2014$5,500$31,000
2015$10,000$41,000
2016$5,500$46,500
2017$5,500$52,000
2018$5,500$57,500

More about the annual TFSA limit:
Tax-Free Savings Accounts (TFSAs) were first introduced in Canada in 2009. Most Canadian financial institutions now offer them. A TFSA allows any Canadian over the age of 18 to save or invest money in a tax-free account. “Tax free” means that you don’t pay taxes on the money you make inside your TFSA…

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