How to go about securing the best return for your investment in Canada.
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Why beating forecasts is largely irrelevant in this U.S. earnings season + MORE Jul 26th
Measuring earnings against expectations is mostly a distraction. Instead, keep your eye on the longer-term trend in profit growth
.... More »
Montreal’s TandemLaunch puts a twist on startup strategy + MORE Apr 16th
Incubation and seed investment firm has backed 17 idea-stage tech firms and created conditions for success, while hiring women for half of senior roles in the process
.... More »
Statistics Canada says pace of Canadian economic growth slowed in third quarter Nov 30th
The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday..... More »
Bill Morneau’s briefing book flags investment in public pensions + MORE Jun 17th
OTTAWA — A briefing book prepared last fall for incoming Finance Minister Bill Morneau warns that Canada’s spending on public pensions is dramatically lower than many other rich countries — even though private-sector pension coverage has deteriorated.
The document, obtained by The Canadia.... More »
Alberta income tax cut delayed as Premier Smith announces plan to grow Heritage Savings Trust Fund - National Post Feb 22nd
Alberta income tax cut delayed as Premier Smith announces plan to grow Heritage Savings Trust Fund National PostDanielle Smith bets Albertans would rather save than spend — finally CBC.caAlberta teases tight budget in 2024 with new investment into economic future C.... More »
Canada’s top 1% earned $454,800 on average in 2013
– moneysense.ca
Statistics Canada says the top one per cent of tax filers in Canada saw their average income climb 1.2 per cent in 2013 to $454,800.
The percentage increase was the same rate for all tax filers, while the amount of income tax paid by the top one per cent averaged $151,900, up $3,000 or two per cent from 2012.
The top one per cent earned 10.3 per cent of the total income and paid 20.3 per cent of the federal, provincial and territorial income taxes in 2013, unchanged from 2012.
Income inequality was a key issue in the federal election campaign.
The Liberals campaigned on a promise to cut income taxes for the middle class and raise them on Canadians making more than $200,000 a year.
To make the top one per cent in 2013, a Canadian needed to earn at least $222,000.
The cutoff for the top five per cent was $115,700, while $89,200 was needed to make the top 10 per cent.
Women made up 21.9 per cent of the top one per cent in 2013, up from 21.3 per cent in 2012.
The All-Canadian Wealth Test »
The post Canada’s top 1% earned $454,800 on average in 2013 appeared first on MoneySense.
The percentage increase was the same rate for all tax filers, while the amount of income tax paid by the top one per cent averaged $151,900, up $3,000 or two per cent from 2012.
The top one per cent earned 10.3 per cent of the total income and paid 20.3 per cent of the federal, provincial and territorial income taxes in 2013, unchanged from 2012.
Income inequality was a key issue in the federal election campaign.
The Liberals campaigned on a promise to cut income taxes for the middle class and raise them on Canadians making more than $200,000 a year.
To make the top one per cent in 2013, a Canadian needed to earn at least $222,000.
The cutoff for the top five per cent was $115,700, while $89,200 was needed to make the top 10 per cent.
Women made up 21.9 per cent of the top one per cent in 2013, up from 21.3 per cent in 2012.
The All-Canadian Wealth Test »
The post Canada’s top 1% earned $454,800 on average in 2013 appeared first on MoneySense.
NewsweekTaiwan, China leaders to hold historic meeting in SingaporeReuters CanadaTAIPEI/BEIJING (Reuters) – Chinese President Xi Jinping will hold talks with Taiwanese counterpart Ma Ying-jeou in Singapore on Saturday, the first meeting of leaders from the two rivals since the Chinese civil war ended in 1949. Both governments said …China, Taiwan and a Meeting After 66 YearsNew York TimesHistoric meeting of Chinese and Taiwanese presidents prompts hope and suspicionThe GuardianChina and Taiwan's leaders to meet after decades of hostilityIrish IndependentLos Angeles Times -Voice of America -The Australian Financial Reviewall 490 news articles »
10 reasons you’re not rich
– moneysense.ca
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(Getty Images / Jose Luis Pelaez Inc.)
What’s holding you back?
Why aren’t you a millionaire yet? You can make all the excuses you want, but according to acclaimed speaker and author Steve Siebold, the only thing holding you back is, well, you. In his latest book, How Rich People Think, Siebold shares the secrets of the wealthy and determines what it is that sets their thinking apart from the rest of the world. His eye-opening observations pinpoint some serious myths and ingrained beliefs we have about money that will leave you questioning your approach to acquiring wealth…
Britain agrees to return $44M to Macau seized from official in corruption case
– canadianbusiness.com
HONG KONG – Britain has agreed to return 28.7 million pounds ($44.3 million) to Macau that was confiscated from a government official convicted in the Chinese enclave’s biggest corruption case.
According to a Macau government statement released Tuesday, British and Macau officials signed an agreement to repatriate the money seized in the Ao Man Long case.
Ao was a transport and public works secretary who was found guilty in three trials of taking bribes and money laundering: in 2008, 2009 and 2012.
He is the highest ranking official to ever be convicted of graft in the former Portuguese colony.
Anti-graft officials said at the time they found Ao had $100 million in assets, or 57 times more than what he and his family could have earned during his time in office.
The post Britain agrees to return $44M to Macau seized from official in corruption case appeared first on Canadian Business – Your Source For Business News.
According to a Macau government statement released Tuesday, British and Macau officials signed an agreement to repatriate the money seized in the Ao Man Long case.
Ao was a transport and public works secretary who was found guilty in three trials of taking bribes and money laundering: in 2008, 2009 and 2012.
He is the highest ranking official to ever be convicted of graft in the former Portuguese colony.
Anti-graft officials said at the time they found Ao had $100 million in assets, or 57 times more than what he and his family could have earned during his time in office.
The post Britain agrees to return $44M to Macau seized from official in corruption case appeared first on Canadian Business – Your Source For Business News.
CBS chief says ad-free version of online CBS All Access for $10 a month ‘very possible’
– canadianbusiness.com
LOS ANGELES, Calif. – CBS is contemplating offering its online service CBS All Access free of ads for $10 a month, a $4 surcharge that matches what online video service Hulu charges for stripping out commercials.
CEO Les Moonves told analysts Tuesday “it’s a very possible thing for the future” to charge $9.99 for an ad-free version of the service. His statement, following the release of the company’s quarterly earnings, came just a day after CBS announced it would run a new “Star Trek” series exclusively on the online platform in 2017.
Moonves said CBS All Access had its largest subscriber growth yet in September, helped by new shows, without specifying further. He called the service “a major priority” as young people’s viewing habits increasingly shift to mobile devices and away from appointment viewing.
The post CBS chief says ad-free version of online CBS All Access for $10 a month ‘very possible’ appeared first on Canadian Business – Your Source For Business News.
CEO Les Moonves told analysts Tuesday “it’s a very possible thing for the future” to charge $9.99 for an ad-free version of the service. His statement, following the release of the company’s quarterly earnings, came just a day after CBS announced it would run a new “Star Trek” series exclusively on the online platform in 2017.
Moonves said CBS All Access had its largest subscriber growth yet in September, helped by new shows, without specifying further. He called the service “a major priority” as young people’s viewing habits increasingly shift to mobile devices and away from appointment viewing.
The post CBS chief says ad-free version of online CBS All Access for $10 a month ‘very possible’ appeared first on Canadian Business – Your Source For Business News.
