All about Canadian investments. Learn the ins and outs and get the latest news.
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Making sense of the markets this week: August 16 Aug 14th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Come on, tax me. I’m Canadian.
Will taxes go up in Canada? How will we pay for the pandemic? There are many guesses and rumblings about upcoming tax hikes. In a previous p.... More »
Is it Apple's turn for a FAANG-over? Tech giant set to reveal earnings Tuesday + MORE Jul 30th
Apple Inc. reports after the closing of stock market trading on Tuesday with much of the attention likely to be focused once again on the future of the company's key product, the iPhone..... More »
Who pays tax on cash gifts in Canada? Mar 19th
Ask MoneySense
Is there a tax on cash gifts to children in Ontario?
—Virginia
Tax on gifts and loans to children in Canada
When you give cash to a child, Virginia, there are generally no tax implications for the recipient. They do not have to worry about paying tax on it, no matter where.... More »
7 Long-Term Investment Options That Can Help Meet Short-Term Money Needs Jul 18th
Redeeming investments intended for major life goals could adversely affect your financial plan. Under such cases, several flexible aspects of long-term instruments could assist you to satisfy your short-term requirements. There are lots of long term Investment options intended to meet your short-ter.... More »
Capital gains on subdivided land, and HST on vacant land Mar 10th
Our primary residence of three years is built on a double lot. We received a partial discharge of our double lot and built our house on it for cash. Do we have to pay any capital gains? We did not plan on doing this when we first purchased it.
–Devon
Is there GST on land sales?
First, when you sel.... More »
Little justice available for victims of financial scams
– theglobeandmail.com
Robin Brown is just one of a growing chorus of Canadians who have been swindled by white-collar fraudsters. A year-long Globe and Mail investigation has revealed the extent of their activities, and how hard it is to keep them from doing it again.
(iStock)When it comes to saving through registered savings plans, most of us make two very costly mistakes: we tend to contribute too little and too late in the year to get the full benefit of tax-free compounding. It is costing you money—and we’ll prove it.
Sometimes the reason we contribute at the last possible moment is that we have other, more pressing financial priorities like paying down the mortgage or investing in a family business. But more often than not, it’s because we’re doing other spending stuff, like leasing a new car, doing a new home reno, or taking that annual vacation with family.
Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) are two of the most common lost opportunities. In a real sense, the first sin (investing too little) is more easily forgiven; if you don’t have the money to max out on your contribution room, there might not be anything you can do about it. But the second sin (investing at the last minute) is worse; if you can find the money, you should really find a way to put the deposit at the top of your to-do list for the year…
