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Financial literacy for seniors Nov 17th
Age has long been associated with wisdom. And while scientific studies offer conflicting results about the correlation between aging and wisdom, we all know people older than us who seem to have all the right answers—as well as some who start to show signs of cognitive impairment as they age.
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Making sense of the markets this week: November 23 Nov 20th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
It’s déjà vu vaccine all over again as we make sense of the markets
This week began, like last week, with some very positive (and welcome) news on the vaccine front. As yo.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 27th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Should Chris top up his RRSP or his TFSA now that he’s retiring at 60? + MORE Feb 19th
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Q. I’m a 60-year-old retired school teacher as of this past July 2017. I have $44,000 in unused RRSP contribution room. Should I max out my contribution room on my 2017 taxes? Or just stick to topping up my TFSA? Thanks, Chris
Hi Chris. Thanks for the question. Please note that RRSP only.... More »
CP/Craig Wong—Thanks to a rally this fall, the Toronto Stock Exchange is up for the year so far, but that doesn’t mean you don’t have any losers in your portfolio.
Now might be the time to cull those picks that haven’t worked out like you had hoped and use them to offset the taxes you owe on your winners, tax experts say.
Jamie Golombek, managing director of tax and estate planning at CIBC, says it has been a great year in the market for many, but that doesn’t mean investors don’t have losing stocks that could be sold.
“If you can do it before the end of the year, you’re going to able to use that capital loss to offset other capital gains that you might have realized earlier this year,” he said.
Now might be the time to cull those picks that haven’t worked out like you had hoped and use them to offset the taxes you owe on your winners, tax experts say.
Jamie Golombek, managing director of tax and estate planning at CIBC, says it has been a great year in the market for many, but that doesn’t mean investors don’t have losing stocks that could be sold.
“If you can do it before the end of the year, you’re going to able to use that capital loss to offset other capital gains that you might have realized earlier this year,” he said.
Pay less tax on rental properties
Even if you don’t have any capital gains this year, taking a loss now can still save you money if you have had capital gains in recent years or expect to have them in the future.
Losses must first be applied to any capital gains you have in the year you incur the loss, but once they have all been offset, the rest of your losses can be either carried back up to three years or saved to offset capital gains in future years…
CPPIB acquires 30-per-cent stake in BGL Group for $1.14-billion
– theglobeandmail.com
The owner of Comparethemarket.com was considering an IPO on the London Stock Exchange
