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What new bare trust tax filing rules mean for Canadians + MORE Mar 29th
Wondering if you need to file a trust tax return for a bare trust for your 2023 taxes? No, you don’t, according to the Canada Revenue Agency. The CRA announced on March 28, 2024, that bare trusts are exempt from trust reporting requirements for 2023. However, if you share assets with someone, this.... More »
9 Key Things to Remember When Managing Your Investment Portfolio Feb 27th
It is always a good idea to keep your eye on the ball when it comes to managing your portfolio as your investment priorities can easily evolve over time and markets change too, meaning you might have to move your money around to spread the risk.
Here is a look at some of the main things to remember .... More »
Should investors worry about suspended guidance? + MORE Apr 26th
If you’ve been paying attention to the companies in your portfolio over the last few weeks, you’ll have noticed that many of them have said something about “suspending guidance.” Rogers Communications is one of the more recent businesses to do just that, announcing on its April 22 first quar.... More »
Bank of Canada raises interest rate to 1 per cent + MORE Sep 6th
The Bank of Canada marker is pictured in Ottawa on September 6, 2011. (THE CANADIAN PRESS/Sean Kilpatrick)
OTTAWA – The Bank of Canada is once again raising its benchmark interest rate as it sees the economy’s powerful performance pointing to broader, more self-sustaining growth.
The central.... More »
How tax optimisation can maximise the returns on your investment property Dec 20th
This article has been writen by George Kachmazov, managing partner of Tranio.com
If you’re not careful, taxes can eat away at the bulk of the income you should be earning on your foreign investment properties.
This fact alone sends chills down the spines of property investors everywhere. A rece.... More »
Home Depot says it’s working with financial institutions and law enforcement agencies to investigate ‘unusual activity’ amid reports that hackers have stolen credit card info from customers at the home improvement retailer.
How to earn a 10% rate of return on your investments
– thestar.com
The secret to high returns is to buy quality stocks with a history of steady dividend increases and wait a few years.Crescent Point snaps up Lightstream oil and gas assets for $378 million
– canadianbusiness.com
CALGARY – Crescent Point Energy Corp. (TSX:CPG) is bulking up its holdings in Saskatchewan and Manitoba through a $378-million deal with Lightstream Resources Ltd. (TSX:LTS)
The land, near where Crescent Point already operates, currently produces about 3,300 barrels of oil equivalent per day and is expected to generate about $51 million in free cash flow over the next year. The deal is expected to close by the end of the month.
Crescent Point also said Tuesday it’s bumping up its capital spending this year by $200 million to $2 billion because of a combination of factors, including recent acquisitions, promising drilling results in southeast Saskatchewan and good performance from other assets.
Its total average production for this year is now expected to be 140,000 barrels per day, up from 138,000.
Lightstream said it will use the proceeds from the sale announced Tuesday, and others, to pay off debt. Including the Crescent Point deal, Lightstream has sold $729 million in assets this year — well ahead of its goal of divesting $600 million by the end of next year…
The land, near where Crescent Point already operates, currently produces about 3,300 barrels of oil equivalent per day and is expected to generate about $51 million in free cash flow over the next year. The deal is expected to close by the end of the month.
Crescent Point also said Tuesday it’s bumping up its capital spending this year by $200 million to $2 billion because of a combination of factors, including recent acquisitions, promising drilling results in southeast Saskatchewan and good performance from other assets.
Its total average production for this year is now expected to be 140,000 barrels per day, up from 138,000.
Lightstream said it will use the proceeds from the sale announced Tuesday, and others, to pay off debt. Including the Crescent Point deal, Lightstream has sold $729 million in assets this year — well ahead of its goal of divesting $600 million by the end of next year…
