TSX getting you down? There are always sound investment alternatives.
Latest News
Brampton man facing fraud charge, 2 lawsuits as alleged real estate deposit scam collapses - CBC May 13th
Brampton man facing fraud charge, 2 lawsuits as alleged real estate deposit scam collapses CBC.... More »
How retirees should respond to the Iran crisis + MORE Mar 26th
Cynics have rechristened America’s attack on Iran as Operation Epstein Fury, suggesting the main reason for Operation Epic Fury (as the Trump Administration originally called it) was to distract from the Epstein Files and the president’s one million mentions therein. Whether that cynicism is ju.... More »
The best GIC rates in Canada for 2025 Jan 20th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Pakistani army chief visits Tehran in bid to broker renewed talks between US and Iran Apr 16th
CAIRO (AP) — Pakistan’s army chief is set to meet with Iranian officials in Tehran on Thursday in a bid to ease tensions in the Middle East and arrange a second round of negotiations between the United States and Iran….... More »
Live updates: Election results and balance of power in Congress - CNN + MORE Nov 9th
Live updates: Election results and balance of power in Congress CNNGlobal National: Nov. 8, 2022 | A deeply divided America votes in midterms Global News2022 midterms live updates: Latest election news from AP Toronto StarU.S. midterm elections: When will we know who.... More »
3 Easy Ways to Begin Investing With Only $200
– investitwisely.com
We all have more time on our hands at home, in these days of the coronavirus pandemic and social distancing. Rather than lament the absence of our usual social activities and hobbies, why not take this opportunity to learn something new?If you have an extra $200 to play with, you can learn how to invest in the stock market and other online investment opportunities. Where you ultimately put your money will depend upon the time you want to spend monitoring and managing your investment and what your risk tolerance and interests are. This advice is from the office of a noted Philadelphia bankruptcy attorney.
The First Thing to Invest In is Yourself
Pay Off Your Credit Cards and Fund Your Emergency Savings
Ideally, you will have paid off your credit cards and have established 6-8 months of emergency savings before you think about investing any amount of money in anything else. If not, consider putting that $200 towards your credit card balance, because no investment will give you a return that not having to pay credit card interest will…
Calculating expected returns on the sale of real estate
– moneysense.ca
Q. How do I calculate the capital gain on real estate sold in Ontario? I’m trying to figure out how much I should list my main resident property for—after deducting all expenses (interest, fees, taxes)—to arrive at a reasonable profit margin. Is there a tool or app that can do that? I searched the internet and couldn’t find any articles explaining this process.
–Yan
A. Thanks for your question, Yan. There are a couple of different issues at play here, so I’ll start by clarifying a few points about capital gains, and then explain how I would approach a target sale price for real estate, as well as for other investments.
First off, since you refer to your “main resident property,” I want to be clear that the profit you earn on the sale of a property—called a capital gain—is exempt from income tax when that property is your principal residence. A principal residence can be a house, condo, cottage, or other property that you own and occupy. There may be limitations to this exemption, such as if the property is larger than 1…
–Yan
A. Thanks for your question, Yan. There are a couple of different issues at play here, so I’ll start by clarifying a few points about capital gains, and then explain how I would approach a target sale price for real estate, as well as for other investments.
First off, since you refer to your “main resident property,” I want to be clear that the profit you earn on the sale of a property—called a capital gain—is exempt from income tax when that property is your principal residence. A principal residence can be a house, condo, cottage, or other property that you own and occupy. There may be limitations to this exemption, such as if the property is larger than 1…
