A company I hold stock in was acquired or merged—do capital gains apply? + MORE Aug 8th

How to go about securing the best return for your investment in Canada.
Latest News
 rrsp

Carney government proposal targets extinction protections for endangered killer whales off B.C. coast + MORE May 14th

The orcas have been affected by shipping traffic causing physical and acoustic disturbances, pollutants and declining food stock..... More »
 money market

Why emotional biases may be riskier than market swings + MORE Apr 17th

Investing your money in the stock market can be more emotional than analytical, especially when the markets are volatile. And at times, it can be hard to keep those emotions in check. That’s when behavioural biases start driving investment decisions—moves that are purely based on how youR.... More »

How much credit card debt does the average Canadian have? Sep 22nd

As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »

How to buy Solana (SOL) in Canada Sep 25th

As cryptocurrencies become more mainstream, investors are looking beyond bitcoin and ether to get in on the action. These two coins still command the lion’s share of the $2.36-trillion global crypto market (all figures in U.S. dollars), but as they increasingly move in sync with stock markets, som.... More »

The cars, the chargers or the customers? A look at what's behind cooling EV sales growth - CBC News Mar 20th

The cars, the chargers or the customers? A look at what's behind cooling EV sales growth  CBC NewsEV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans  CNBCAnalysis: U.S. automakers race to build more hybrids as EV sales slow  Autobl.... More »
The best cash back credit cards in Canada for August 2023

Credit Cards

The best cash back credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.

Find my perfect card*

You will be leaving MoneySense. Just close the tab to return.

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

googletag.cmd.push(function() {
var refresh_key = ‘refresh’;
var refresh_value = true.toString();

// Creating all ad sizes
var mapping = googletag…

Continue Reading On moneysense.ca »

Ask MoneySense
A stock I used to own was recently sold to a private equity firm. Is there a strategy for avoiding a capital gain on a sale I did not authorize? I voted against the sale.—Mary

Tax implications of acquisitions, mergers and spinoffs

There are a few transactions that can have unintended tax consequences for an investor even if they have not sold their shares, Mary.

When a company is acquired, like the one you owned, capital gains may or may not be triggered. When a publicly traded company is “taken private” and all outstanding shares are purchased, this is generally a taxable transaction that would trigger capital gains (or capital losses, if the acquisition price is lower than your adjusted cost base).

When a company is acquired, shareholders may receive cash, like you presumably did, Mary. But they sometimes receive shares of the acquiring company, or a combination of cash and shares. When shareholders receive shares of the acquiring company, they may be able to defer some or all of their capital gain and have their adjusted cost base transferred to the new shares…

Continue Reading On moneysense.ca »

Spend

The 16 best credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.

Find my perfect card*

You will be leaving MoneySense. Just close the tab to return.

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

googletag.cmd.push(function() {
var refresh_key = ‘refresh’;
var refresh_value = true.toString();

// Creating all ad sizes
var mapping = googletag.sizeMapping()…

Continue Reading On moneysense.ca »

Save

The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.

Compare now

Tap the button for more details.

The rates in the finder tool below are offered by Ratehub partners. Keep scrolling for information about additional product options.

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

googletag.cmd.push(function() {
var refresh_key = ‘refresh’;
var refresh_value = true.toString();

// Creating all ad sizes
var mapping = googletag…

Continue Reading On moneysense.ca »

Credit Cards

The 7 best student credit cards in Canada for August 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.

Find my perfect card*

You will be leaving MoneySense. Just close the tab to return.

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

googletag.cmd.push(function() {
var refresh_key = ‘refresh’;
var refresh_value = true.toString();

// Creating all ad sizes
var mapping = googletag…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!