Disney earnings: Results show profit, stock falls 2% + MORE Aug 8th

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 market news for Canadian investors: Eli Lilly, BCE and more + MORE Feb 7th

Companies that reported earnings this week Canada Goose BCE Bombardier Suncor Thomson Reuters Eli Lilly Lightspeed Canada Goose (TSE: GOOS) Q3 profit: $139.7 million or $1.42 per diluted share, up from $130.6 million or $1.29 per diluted share a year earlier Q3 .... More »

Making sense of the markets this week: October 13, 2024 + MORE Oct 11th

Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C. Canadian Natural Resources doubles down on Canada For a decade now, big acquisitions by Canadian oil-and-gas producers have mostly been met with distaste by investors. So we’ll take it.... More »

Donald Trump’s new meme coin: $Trump Jan 20th

President-elect Donald Trump has launched a new cryptocurrency token that is soaring in value—and potentially boosting his net worth—just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watch.... More »

Scared of selling? When holding on to stocks can hurt you financially + MORE Oct 8th

When you invest, you buy and sell assets. Sometimes, the selling part—or not selling—can lead to problems. Here are few cases of seller’s hesitancy that can harm your financial situation. Holding until a stock recovers Investors sometimes want to break even on a trade. This may cause the.... More »

7 ways to protect yourself from ID theft + MORE Jan 7th

Avoiding identity theft is becoming ever more challenging in Canada. The Canadian Anti-Fraud Centre (CAFC) received more than 11,000 identity theft and fraud reports in 2023, and both government and financial institutions report an increase in cases. According to the CAFC, these are some of the m.... More »

Capital gains tax in Canada, explained

– moneysense.ca

Capital gains tax highlights

The capital gains inclusion rate changed as of June 25, 2024. For individuals, the inclusion rate is either 50% or 66.67%, depending on the size of the capital gain.

With the current federal and provincial/territorial tax rates in Canada, no one pays more than 27% capital gains tax on gains of under $250,000.

You can reduce the amount of capital gains tax you owe by holding your investments in registered accounts, offsetting capital gains with capital losses and claiming the principal residence exemption.

Selling high-performing stocks or a cottage property can reap significant profits, and those moments are worth celebrating. But while you’re enjoying the spoils of your investments, keep in mind that you’ll eventually have to pay tax on them. In Canada, most gains on capital assets are taxed. Let’s look at how capital gains tax works in Canada and strategies to avoid paying more taxes than you need to come tax time.

Complete our survey for a chance to win a $100 gift card (tap for more details)
GO NOW

What are capital gains?

When you sell an asset or investment for more than you bought it, you have a capital gain…

Continue Reading On moneysense.ca »

The best travel credit cards in Canada for 2024

– moneysense.ca

Credit card comparison tool

Compare your travel card options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more.

Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners…

Continue Reading On moneysense.ca »

Disney earnings: Results show profit, stock falls 2%

– moneysense.ca

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theatres for the movie Inside Out 2.

Featured accounts

Shopify weathering softening consumer spending

– moneysense.ca

Shopify Inc.’s president has heard retailers talking about softening consumer spending but feels his company is weathering the storm well because of the diversity of its merchants.

“Our merchants do seem to be outperforming and doing better than others,” Harley Finkelstein told analysts on a Wednesday earnings call.

“I think a big part of the reason that we are not seeing the same thing that others might is because we simply have merchants across a ton of verticals and across a ton of geographies.”

The Ottawa-based e-commerce software company caters to both small businesses and multi-national giants. It’s recently attracted the likes of burgeoning brands including jeweler Mejuri and apparel company Evereve, along with household names such as Toys “R” Us, Barnes & Noble and Casper.

The bevy of brands have helped Shopify cope with lower consumer spending caused by high inflation and elevated borrowing rates in many of its key markets.

Shopify’s Q2 earnings

Several brands have said they expect the softening to continue as the year progresses, but Shopify’s chief financial officer Jeff Hoffmeister said on the same call as Finkelstein that their company hasn’t seen “any significant deterioration or improvement” during its second quarter…

Continue Reading On moneysense.ca »

Banks.ca constantly finds the best and most current Investment information available in Canada.

Share