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Marijuana company Aphria met with TSX about guidance regarding U.S. business + MORE Oct 24th
Marijuana producer Aphria Inc. says it met with the Toronto Stock Exchange last week to discuss the exchange’s recent guidance that pot firms with U.S. exposure could face delisting.
Aphria chief executive Vic Neufeld says the company reiterated its commitment to work collaboratively with the .... More »
White House attacks on Fed chair fuel fears of market turmoil in 2019 - The Guardian Dec 23rd
White House attacks on Fed chair fuel fears of market turmoil in 2019 The GuardianAs stock markets plunge, Trump considers firing Federal Reserve chairman Global NewsTrump has discussed firing Fed Chairman Powell: sources Reuters CanadaFed Chairman Powell deserves ou.... More »
Calgary council approves plan to revamp downtown with $200M initial investment - CBC.ca Apr 27th
Calgary council approves plan to revamp downtown with $200M initial investment CBC.caCity council approves initial $200M for downtown revitalization effort CTV TorontoCity council approves downtown plan with $200M investment Calgary HeraldCalgary city council approve.... More »
Allegations Donald Trump was given millions by dad through tax dodges - 9news.com.au + MORE Oct 3rd
9news.com.auAllegations Donald Trump was given millions by dad through tax dodges9news.com.auUS President Donald Trump received at least USD$413 million ($576 million) from his father over the decades, much of that through dubious tax dodges, including outright fraud, according to a media report. Th.... More »
4 Cost-Effective Ways to Boost Employee Productivity + MORE Apr 23rd
Few business leaders have access to the capital they need to carry out all of their plans or strategies. Often, leaders have to make tough decisions regarding their resources and their budget. This means that anything a business leader can do to complete a project without breaking the bank can be in.... More »
Ontario urging Ottawa to change tax rules in bid to curb real estate speculation
– canadianbusiness.com
Ontario Finance Minister Charles Sousa is urging Ottawa to address speculative investing in the country’s housing markets by changing how such profits are taxed.
Currently, capital gains tax is charged on 50 per cent of the profits on the sale of a home, unless the property qualifies for the principle residence exemption.
In a letter to federal Finance Minister Bill Morneau on Friday, Sousa says that boosting the taxable amount above 50 per cent could reduce the incentive for people to purchase homes on speculation. Morneau is set to release his latest budget on Wednesday.
Speculative investing in the real estate market _ buying a home in the hope of turning a profit rather than to live in _ is believed to be one of the culprits behind soaring house prices in certain markets including Toronto and Vancouver and their surrounding areas.
Sousa says curbing speculative real estate purchases could help address dwindling housing affordability so that first-time buyers are able to get into the market…
Currently, capital gains tax is charged on 50 per cent of the profits on the sale of a home, unless the property qualifies for the principle residence exemption.
In a letter to federal Finance Minister Bill Morneau on Friday, Sousa says that boosting the taxable amount above 50 per cent could reduce the incentive for people to purchase homes on speculation. Morneau is set to release his latest budget on Wednesday.
Speculative investing in the real estate market _ buying a home in the hope of turning a profit rather than to live in _ is believed to be one of the culprits behind soaring house prices in certain markets including Toronto and Vancouver and their surrounding areas.
Sousa says curbing speculative real estate purchases could help address dwindling housing affordability so that first-time buyers are able to get into the market…
Owners of small- and medium-sized businesses in Alberta are more confident than they’ve been in years, but that sense of optimism remains tightly tied to the price of oil, according to the latest quarterly survey from ATB Financial.
Trudeau and Bay Street are on a collision course over income inequality
– canadianbusiness.com
Prime Minister Justin Trudeau meets with members of the Automotive Parts Manufacturers’ Association. (Galit Rodan/CP)Prime Minister Justin Trudeau certainly has Bay Street in a tizzy. David Rosenberg, a famous economist who works for high-end wealth manager Gluskin Sheff + Associates, this week advised readers of his $1,000-a-year newsletter to sell Canadian stocks and convert their loonies to other currencies before the March 22 budget ruins them. “This promises to be a tax-grab budget that would have made the likes of Herb Gray very proud if he was still alive,” Rosenberg wrote on March 13, according to a subscribers-only report in the Globe and Mail.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Six things to watch for in Canada’s 2017 federal budget
Rosenberg, known for prescient forecasts based on hard data, has been spreading rumours for at least a month that Trudeau intends to raise taxes on capital gains…
Economists can’t say they weren’t warned about Toronto housing
– theglobeandmail.com
Outside observers such as the International Monetary Fund and the Organization for Economic Co-operation and Development have sounded the alarm for years about surging Canadian real estate prices
Boost taxable capital gains amount says Ontario
– moneysense.ca
TORONTO — Ontario Finance Minister Charles Sousa is urging Ottawa to address speculative investing in the country’s housing markets by changing how such profits are taxed.
Currently, capital gains tax is charged on 50 per cent of the profits on the sale of a home, unless the property qualifies for the principle residence exemption.
In a letter to federal Finance Minister Bill Morneau on Friday, Sousa says that boosting the taxable amount above 50 per cent could reduce the incentive for people to purchase homes on speculation. Morneau is set to release his latest budget on Wednesday.
Speculative investing in the real estate market— buying a home in the hope of turning a profit rather than to live in — is believed to be one of the culprits behind soaring house prices in certain markets including Toronto and Vancouver and their surrounding areas.
Sousa says curbing speculative real estate purchases could help address dwindling housing affordability so that first-time buyers are able to get into the market…
Currently, capital gains tax is charged on 50 per cent of the profits on the sale of a home, unless the property qualifies for the principle residence exemption.
In a letter to federal Finance Minister Bill Morneau on Friday, Sousa says that boosting the taxable amount above 50 per cent could reduce the incentive for people to purchase homes on speculation. Morneau is set to release his latest budget on Wednesday.
Speculative investing in the real estate market— buying a home in the hope of turning a profit rather than to live in — is believed to be one of the culprits behind soaring house prices in certain markets including Toronto and Vancouver and their surrounding areas.
Sousa says curbing speculative real estate purchases could help address dwindling housing affordability so that first-time buyers are able to get into the market…
