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TREB still cracking down on realtors posting home sales data despite court ruling Sep 12th
The Toronto Real Estate Board says it has written to members who posted Greater Toronto Area home sales data requesting to know where they got the numbers from..... More »
What went down at CB’s Thought Leadership Panel on Hollywood North Sep 15th
In partnership with Greybrook, Canadian Business has explored Canada’s appeal on the global stage through intimate and engaging thought leadership panels. These discussions have unpacked the country’s real estate market, appeal as an investment destination and on September 6—our growing film a.... More »
How important are wills and estate planning for Canadians? Jun 20th
In Canada, estate planning is often seen as a formal and complex task reserved for the wealthy. However, it is not like a scene right out of the Knives Out movie franchise, and of course your family doesn’t want any of the drama. That is why estate planning is crucial for Canadians of all ages, ba.... More »
BitMine plans $20B stock sale to boost Ethereum holdings – Details - AMBCrypto Aug 14th
BitMine plans $20B stock sale to boost Ethereum holdings – Details AMBCryptoBitMine Immersion Expands Stock Offering to $24.5B The Globe and MailBitmine (BMNR) $20-Billion Fundraising Sends Shares Jumping by 14% Yahoo FinanceBitMine Immersion Now Holds 1.15 Million.... More »
Silicon Valley Bank's Toronto branch assets seized - CP24 Mar 13th
Silicon Valley Bank's Toronto branch assets seized CP24Canada's top banking regulator takes temporary control of Silicon Valley Bank's Canadian branch CBC NewsOSFI takes control of Silicon Valley Bank's Canadian unit The Globe and MailSVB collapse puts Fed's faith in.... More »
Markets will hit bottom on Monday, says BMO’s Belski
– theglobeandmail.com
Bank’s chief investment strategist draws on history
How to retire well
– macleans.ca
Retirement is only the beginning of a life phase where you enjoy the freedom to make things happen on your own terms, at your own pace. That kind of living is enabled when you’ve planned for it. Here are some tips to get you started.
1. The earlier the better:
Start saving as early as you can, or work on catching up as soon as your finances allow, so you can maximize any unused RRSP contribution room.
2. Use the power of compounding:
Without a doubt, saving little by little adds up, thanks to time and compound growth. It’s also much easier to save when you have a pre-authorized contribution to a retirement plan.
3. Turn to tax-advantaged plans:
Whether you choose an RRSP (registered retirement savings plan) that defers tax or a TFSA (tax-free savings account) that earns tax free income, your savings will grow faster.
4. Aim to reduce debt:
If it’s hard to find the extra money to put toward your savings goals, focus on lowering your debt by paying down your mortgage or other loans…
There were high expectations headed into Thursday’s long-awaited announcement on how the federal government would overhaul the approval process for major energy projects in Canada. Ottawa says the new regulatory regime would help entice new investment, but the industry has many questions — and also doubts.
Capital gains tax when selling a rental property
– moneysense.ca
Q. For the moment it seems that capital gains are taxed at 50% of the value. My parents own a rental property. Would it make sense to “buy them out” now and pay the capital gains at 50% rather than wait for the inheritance and risk being taxed at 75% in the future? I assume that this is done at fair market value (FMV), but can I buy the property at less than FMV to save on capital gains tax now or are we forced to pay the 50% at FMV? I have no plans of selling the rental property in the future.
— Gary
A. Great question! First, let me just run through how capital gains tax works.
This tax is charged on all assets that appreciate in value over time. This includes property but also applies to stocks, artwork, even collectibles. The estate or the seller is responsible for paying the tax once the asset is disposed of and that can include the sale of the asset or the gifting or giving of the asset. Capital gains tax is calculated by taking half of the appreciated earnings and charging the asset-owners’ marginal tax rate…
Is the wild stock market ride fuelled by the machines?
– thestar.com
Algorithms suspected in the rapid meltdown in U.S. equity markets, but in Canada their role is less clear.
