How to go about securing the best return for your investment in Canada.
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What expenses can you deduct for a second property in Canada? + MORE Sep 14th
If someone owns a second property, what can they deduct? Can they deduct the cost of purchasing or renovations?—Nicole
The types of expenses you can deduct for a second property
There are several expenses that can be deducted from a second property, particularly if it is designated as an inv.... More »
'Bridge to nowhere' shows China's failed economic effort to engage North Korea - The Japan Times Sep 18th
The Japan Times'Bridge to nowhere' shows China's failed economic effort to engage North KoreaThe Japan TimesDANDONG, CHINA – Towering above the murky waters, the New Yalu River Bridge was supposed to symbolize a new era in relations between China and North Korea, helping bring inves.... More »
Barclays extends Canadian coverage by landing veteran Credit Suisse financier + MORE Apr 13th
Investment bank hires equity capital markets head Erik Charbonneau, who will be based in Toronto
.... More »
How has inflation affected Canadians’ finances in recent years? Oct 10th
Inflation and higher interest rates have eroded Canadians’ purchasing power since 2022, particularly for lower-income households, a new report from the parliamentary budget officer has found.
But wealthier households have seen their purchasing power rise thanks in big part to their i.... More »
Want to Supersize Your Business? Buy Another Aug 3rd
The journey from idea to IPO is a difficult one. In this five-part series, we look at how founders scaled their startups and reached new milestones.
Robert Hyde realized he needed a new strategy.
“We can create new products, but it takes a lot of energy and effort to build and launch a produ.... More »
Reduce tax brackets by organizing where you hold investments
– moneysense.ca
(Getty Images / Peter Dazeley)Nobody likes to pay taxes.
But while they are inevitable, you can minimize the amount you pay.
Brent Vandermeer, a portfolio manager with HollisWealth, says to build a tax efficient portfolio you need to pay attention to what you hold and where it’s held.
“A lot of people view each of their own accounts that they have set up as distinct little buckets that they manage,” he said.
“From a tax efficiency point of view that actually negates some of the benefit of having certain kinds of investments in more tax efficient accounts.”
That’s because in the eyes of the Canada Revenue Agency, not all investment income is created equal.
Under the tax rules, interest income from investments like savings accounts, GICs and bonds are fully taxable at your marginal tax rate, while dividends benefit from the dividend tax credit that helps reduce the amount of tax you owe.
And only half of any capital gain is included when calculating your taxes.
Vandermeer says those differences mean you need to pay attention to where your investments are held, whether it is your RRSP, tax-free savings account or other non-registered account…
Lexpert: Inside the Cara IPO
– theglobeandmail.com
A bi-weekly roundup of content from Canada’s magazine on the business of law
A home equity line of credit can help improve your living circumstances and lead to financial gain, but it pays to understand the upsides – and downsides – of this popular financial option.
Risks to Canada’s financial system have edged up because of high household debt and the impact of cheap oil, the Bank of Canada said on Thursday, but the bank’s governor said the dangers were not severe enough to spur a change in monetary policy for now.
US household wealth reaches new high of nearly $85 trillion on higher stock and home values
– canadianbusiness.com
WASHINGTON – A rising stock market and climbing home prices boosted Americans’ net worth to a new high in the first three months of the year.
The Federal Reserve said Thursday that the value of Americans’ stock holdings, real estate and other assets rose to $84.9 trillion from $83.3 trillion in the final three months of last year. Stock portfolios rose $487 billion, home values by $503 billion.
Still, households remained cautious about borrowing. Total household debt, which includes mortgages, credit cards, auto loans and other borrowing, rose 2.2 per cent, the slowest pace since the end of 2013.
The Fed’s figures aren’t adjusted for population growth or inflation. Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit cards and other debts.
Household net worth has steadily recovered after the Great Recession wiped out nearly $13 trillion in wealth. Total net worth has since surpassed the pre-recession peak of almost $68 trillion…
The Federal Reserve said Thursday that the value of Americans’ stock holdings, real estate and other assets rose to $84.9 trillion from $83.3 trillion in the final three months of last year. Stock portfolios rose $487 billion, home values by $503 billion.
Still, households remained cautious about borrowing. Total household debt, which includes mortgages, credit cards, auto loans and other borrowing, rose 2.2 per cent, the slowest pace since the end of 2013.
The Fed’s figures aren’t adjusted for population growth or inflation. Household wealth, or net worth, reflects the value of homes, stocks and other assets minus mortgages, credit cards and other debts.
Household net worth has steadily recovered after the Great Recession wiped out nearly $13 trillion in wealth. Total net worth has since surpassed the pre-recession peak of almost $68 trillion…
