There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Stock news for investors: Canopy Growth to acquire MTL Cannabis in $125-million deal + MORE Dec 19th
Here’s a round-up of news for Canadian investors this week.
Canopy Growth
Blackberry
Transat
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.50% in.... More »
U of W says student, faculty info stolen in cyberattack - Winnipeg Free Press Apr 4th
U of W says student, faculty info stolen in cyberattack Winnipeg Free PressUniversity of Winnipeg cyber attack affecting employees, students | CTV News CTV News WinnipegUniversity of Winnipeg says cyberattack stole employee, student financial info Global NewsPersonal.... More »
How to calculate the adjusted cost base of inherited property Feb 6th
Ask MoneySense
I sold a building that I inherited over 20 years ago. I don’t know the adjusted cost base (ACB) or fair market value of the building in 2003. How do I determine the value?—Bill
Reporting the sale of a property in Canada
When you sell real estate, you need to report that sal.... More »
Ottawa puts $200M into space launch pad in Nova Scotia - CBC + MORE Mar 17th
Ottawa puts $200M into space launch pad in Nova Scotia CBCHistoric $200 million investment positions Nova Scotia spaceport as cornerstone of Canada’s defence capabilities canada.caOttawa investing $200-million in Nova Scotia spaceport to enable sovereign satellite launches&nb.... More »
Federal Government Provides $1 Billion Bridge Funding to Canada Post - VOCM Jan 25th
Federal Government Provides $1 Billion Bridge Funding to Canada Post VOCMOttawa lending $1B to cash-strapped Canada Post CBC NewsCanada Post gets $1-billion loan from federal government amid financial struggles CTV NewsCanada Post gets financial lifeline from Ottawa .... More »
US economy surprises with faster than expected growth – BBC.com
– news.google.ca
US economy surprises with faster than expected growth BBC.comU.S. economy shrugs off recession prediction with strong fourth-quarter performance The Globe and MailU.S. economy grows more than expected at end of 2023, driven by consumer spending CBC NewsU.S. GDP unexpectedly grew by 3.3% last quarter. What this means for the Fed Global NewsStock market today: S&P 500 hits fresh record as Tesla slides on earnings gloom Yahoo Canada Finance
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide
– moneysense.ca
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns. But, first, let’s look at the upcoming deadlines.
What’s new for taxes?
New alternative minimum tax changes: As of January 1, 2024, the AMT rate is 20.5% (previously 15%). Essentially, the AMT is a minimum level of tax for Canadians who claim certain deductions, exemptions and/or credits to reduce how much personal income tax they pay. The change doesn’t apply to 2023 income tax returns, though, and thankfully it doesn’t apply to most Canadians.
Deadline extended for underused housing tax (UHT): For residential property owners with vacant or underused real estate who owed the UHT from their 2022 income tax return and have yet to pay it, know that the Canada Revenue Agency (CRA) extended the due date to April 30, 2024, with penalties waived…
