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Taxes changes, new RRSP rules: Here’s what to watch out for in 2020 - Global News Dec 31st
Taxes changes, new RRSP rules: Here’s what to watch out for in 2020 Global NewsAre 2020's tax changes 'significant' or 'a wash'? CBC.caLower taxes, new RRSP rules and a digital-news credit among changes coming in 2020 The Globe and MailView full coverage on Google .... More »
Uber shifts into lower gear, prices IPO at $45 - CBC.ca May 10th
Uber shifts into lower gear, prices IPO at $45 CBC.caUber raises US$8.1 billion in IPO priced near bottom of range BNNBloomberg.caUber to give its market value a lift in stock market debut CP24 Toronto's Breaking NewsStudy: Ride-hailing vehicles account for the major.... More »
Energy stocks fail to lift Toronto market, U.S. markets pare recent gains Apr 11th
Canada's main stock index ended down slightly Wednesday despite strong gains in energy and gold stocks, while U.S. markets retreated from a rally a day earlier..... More »
Detox your spending and experience better financial health Dec 27th
Using your creativity and resourcefulness to stop spending for a week on anything but essentials will give you more savings and less stress; you win both ways, Lesley-Anne Scorgie writes..... More »
Making sense of the markets this week: January 16 + MORE Jan 14th
Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors
Growth vs the Fed: the battle of 2022
This year’s battle for the markets is shaping up. In one corner we have ongoing economic growth. In the other corner we have the Fed.
.... More »
SNC Lavalin forecasts double digit adjusted earnings growth in 2018
– canadianbusiness.com
MONTREAL _ SNC-Lavalin Group Inc. anticipates a double-digit increase in adjusted profits in 2018 as the acquisition of British engineering firm WS Atkins offsets continuing market challenges in some sectors.
The Montreal-based engineering and construction firm said its full-year adjusted net earnings should range between $3.60 and $3.85 per diluted share. That’s 12.5 to 20 per cent higher than the $3.20 per share earned last year.
“We have a positive outlook on growth and confidence in delivering on our 2020 vision,” CEO Neil Bruce said Thursday in a news release.
SNC-Lavalin said it expects the Atkins, mining and metallurgy, and power segments will improve while oil and gas along with infrastructure segments will be in line with 2017.
“Our recent selection as a preferred proponent for the Montreal light rapid transit system underscores the quality of our organic prospects and bolsters our reputation as the leader in infrastructure in Canada.”
It delivered $40 million of cost savings from the $3…
The Montreal-based engineering and construction firm said its full-year adjusted net earnings should range between $3.60 and $3.85 per diluted share. That’s 12.5 to 20 per cent higher than the $3.20 per share earned last year.
“We have a positive outlook on growth and confidence in delivering on our 2020 vision,” CEO Neil Bruce said Thursday in a news release.
SNC-Lavalin said it expects the Atkins, mining and metallurgy, and power segments will improve while oil and gas along with infrastructure segments will be in line with 2017.
“Our recent selection as a preferred proponent for the Montreal light rapid transit system underscores the quality of our organic prospects and bolsters our reputation as the leader in infrastructure in Canada.”
It delivered $40 million of cost savings from the $3…
Why Canada must simplify the tax code
– moneysense.ca
Aaron Wudrick is the federal director of the Canadian Taxpayers’ Federation.
Are you paying all the tax you’re legally required to pay—and if not, is that okay?
That’s the question at the heart of the controversy over offshore tax havens, whereby mostly wealthy individuals structure their financial affairs to minimize their tax burdens. It’s a different question than issues around tax evasion—a black-and-white issue where the laws prohibiting it should be properly enforced, meaning the authorities should pursue violators and prosecute them as appropriate. By contrast, tax avoidance—where people use legal means to reduce the amount of tax they have to pay—is a much trickier subject. It primarily raises a moral question: is it wrong for people to try to legally minimize their tax burdens?
Large data leaks known as the Panama Papers in 2016 and Paradise Papers in 2017 have shed light on just how widespread the phenomenon of this aggressive tax planning is. These larger revelations may make the moral question appear easy to answer, but consider that every Canadian who makes a charitable donation or contributes to a Registered Retirement Savings Plan (RRSP) is also technically engaging in tax avoidance, albeit on a much smaller scale…
Are you paying all the tax you’re legally required to pay—and if not, is that okay?
That’s the question at the heart of the controversy over offshore tax havens, whereby mostly wealthy individuals structure their financial affairs to minimize their tax burdens. It’s a different question than issues around tax evasion—a black-and-white issue where the laws prohibiting it should be properly enforced, meaning the authorities should pursue violators and prosecute them as appropriate. By contrast, tax avoidance—where people use legal means to reduce the amount of tax they have to pay—is a much trickier subject. It primarily raises a moral question: is it wrong for people to try to legally minimize their tax burdens?
Large data leaks known as the Panama Papers in 2016 and Paradise Papers in 2017 have shed light on just how widespread the phenomenon of this aggressive tax planning is. These larger revelations may make the moral question appear easy to answer, but consider that every Canadian who makes a charitable donation or contributes to a Registered Retirement Savings Plan (RRSP) is also technically engaging in tax avoidance, albeit on a much smaller scale…
Don’t forget savings for children’s education in RRSP season
– theglobeandmail.com
Too focused on retirement to invest in your children’s postsecondary education? These plans could help you do both.
Innergex sees boost from cryptocurrency mining after Alterra takeover
– canadianbusiness.com
LONGUEUIL, Que. _ Innergex Renewable Energy Inc. says increasing demand from cryptocurrency mining is helping to boost demand at its recently acquired operations in Iceland.
CEO Michel Letellier says the energy-intensive computer activity could help further its expansion in the country and is one of the surprise positives of Innergex’s takeover of Alterra Power Corp.
Innergex completed the $1.1-billion takeover on Feb. 6, netting it 485 megawatts of renewable capacity including 100 megawatts of geothermal in Iceland as well as assets in Canada and the U.S.
The company says the deal will help it expand internationally, especially in the U.S., but that it is also still looking at possibilities closer to home.
In the last quarter before completing the acquisition, Innergex had net earnings of $3.5 million or five cents per share, down from $8.8 million or eight cents per share last year after an increase in financing costs and other financial impairments.
Revenue increased to $108 million for the last quarter of 2017, from $73 million a year earlier, after the company brought online three renewable operations and acquired seven others…
CEO Michel Letellier says the energy-intensive computer activity could help further its expansion in the country and is one of the surprise positives of Innergex’s takeover of Alterra Power Corp.
Innergex completed the $1.1-billion takeover on Feb. 6, netting it 485 megawatts of renewable capacity including 100 megawatts of geothermal in Iceland as well as assets in Canada and the U.S.
The company says the deal will help it expand internationally, especially in the U.S., but that it is also still looking at possibilities closer to home.
In the last quarter before completing the acquisition, Innergex had net earnings of $3.5 million or five cents per share, down from $8.8 million or eight cents per share last year after an increase in financing costs and other financial impairments.
Revenue increased to $108 million for the last quarter of 2017, from $73 million a year earlier, after the company brought online three renewable operations and acquired seven others…
Next week’s federal budget is expected to make a significant investment in building up Canada’s cyber defences and encouraging tech firms and talented programmers to work with the federal government, CBC News has learned.
