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Tax Implications of Receiving a Cash Gift in Canada Jan 9th
When it comes to financial transactions with loved ones, many people consider giving or receiving cash gifts. This can be especially common when the gift-giver and recipient are located in different countries. In this article, we will focus on the specific topic of cash gifts from overseas to Canada.... More »
Are you a high earner with no money to spare? Follow these 5 tips to help you stop living hand to mouth and grow your long-term wealth Nov 9th
High Earners Not Rich Yet make better-than-average-incomes, but often spend everything they earn, writes Lesley-Anne Scorgie. There is a way out to grow true wealth..... More »
Bank of Canada nears decision on oversized rate cut - The Globe and Mail Oct 20th
Bank of Canada nears decision on oversized rate cut The Globe and MailOttawa real estate industry watching anticipated interest rate cut closely CTV News OttawaBusiness News: Canada’s inflation rate drops to 3 year low & RBC says Canada’s labour market is a bigger risk .... More »
Canada’s best credit cards for gas purchases for 2023 May 24th
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Watch the ScotiaAdvice+ Virtual Panel: Investing in Uncertain Times Jan 18th
Panellists
Jean-François Perrault
Senior Vice-President and Chief Economist, Scotiabank
Judith Chan, CFA
Portfolio Manager and Director of Portfolio Solutions
Scotia Global Asset Management, Scotiabank
Iris Gu
Financial Advisor, Investment and Retirement Planning, Scotiabank
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Making sense of the markets this week: August 16
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.Come on, tax me. I’m Canadian.
Will taxes go up in Canada? How will we pay for the pandemic? There are many guesses and rumblings about upcoming tax hikes. In a previous post, I broke the bad news that Canada will soon have $1 trillion in debt. Of course, we’ll have to pay for that one day. We’ll have to cover the borrowing costs, at least.
Here’s a tweet from Teri Courhene, economist and instructor at University of Toronto, School of Continuing Studies.
I’ve seen it often suggested that we will likely see an increase in the capital gains inclusion rate from 50% to 75%. But tax your principal residence? Will the TFSA accounts also be on the table? Will the tax free savings account become the sort-of-tax-free-savings account? Introducing the ATFSA.
The Almost Tax Free Savings Account.
I have penned previously that I do not think the TFSA is entirely immune to a tax grab over the longer term…
