TSX | TSX Venture Exchange Stock Maintenance Bulletins - Canada NewsWire + MORE Dec 23rd

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.

Latest News

Stock news for investors: Quarterly profits up at Shopify, Brookfield; down at Suncor, Reuters + MORE Aug 8th

Here’s a round-up of news for Canadian investors this week. Shopify Suncor Energy Inc. Brookfield Asset Management Parkland Corp. Thomson Reuters Featured RRSP Accounts featured EQ Bank .... More »

The Wealthy Barber says Canadians face more opportunities—for profit and peril Dec 9th

David Chilton was down on his luck. In 1988, the aspiring author decided to cash in his RRSP and self-publish a book about a savvy barber who dispenses financial advice—like not to cash in your RRSP—to curious, wisecracking customers. “The one time I was struggling—badly—in finance was whe.... More »

Don’t get taken in by event ticket scams Jun 29th

At long last, the FIFA World Cup has kicked off in cities across North America. If you’re not fazed by single-ticket prices in the four figures, may we offer a word of caution: stalwart footy fans are not the only ones attracted to events like this. So are scam artists. Cyber-criminals lo.... More »

Where are Nvidia’s chips made? Apr 15th

Nvidia announced Monday that it will produce its artificial intelligence (AI) super computers in the United States for the first time. AP Photo The tech giant said it has commissioned more than one million square feet of manufacturing space to build and test its specialized Blackwell chips in .... More »

Where to buy real estate in Canada in 2026: National overview + MORE Apr 27th

window.addEventListener("message",function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}});.... More »

TSX Venture Exchange Stock Maintenance Bulletins – Canada NewsWire

– news.google.ca

TSX Venture Exchange Stock Maintenance Bulletins Canada NewsWire

Continue Reading On »

Can Canadian investors save tax when a stock’s company goes bankrupt?

– moneysense.ca

Ask MoneySense
The company of a stock I own went bankrupt. Am I able to claim losses? If so, how?

—Jake

Can you save on tax when a company you invest in goes bankrupt?

The short answer is: it depends, Jake. But, I will outline the factors to consider to determine if and how you can claim a deduction on your tax return.

Where do you own the investment?

If you own the stock in a tax-preferred account, such as a registered retirement savings plan (RRSP) or tax-free savings account (TFSA), you do not get any tax relief. This is one of the risks of losing money in RRSPs and TFSAs.

RRSP withdrawals are taxable at rates that generally range from 20% to 50%. If it makes you feel any better, one way to look at it is that you’ve really only lost 50 to 80 cents on the dollar of the investment, since you would not have been able to spend 100% of the withdrawal anyway.

You do not get back any of the lost RRSP nor any additional TFSA contribution room.

Share