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Fixed or variable mortgage rate: Which should you choose in 2024? May 28th
If you have a mortgage on your home or have been trying to break into the housing market, you’ve probably watched interest rates go up, up, up over the past two years. Both fixed and variable mortgage rates have been higher than any other time in recent memory, leading many new home buyers and exi.... More »
‘See people, not the virus’: HIV Edmonton aims to end stigma on World Aids Day - CTV News Dec 2nd
‘See people, not the virus’: HIV Edmonton aims to end stigma on World Aids Day CTV NewsMessage from the Minister of Health and the Minister of Indigenous Services on World AIDS Day and Indigenous AIDS Awareness Week canada.caHIV rates on the rise since start of COVID-19 pan.... More »
Venezuela's acting president signs law to open oil sector to privatization - CBC Jan 29th
Venezuela's acting president signs law to open oil sector to privatization CBCVenezuelan MPs approve bill to open up oil sector to private firms BBCVenezuela’s Rodriguez signs oil reform law while the US eases sanctions Al JazeeraVenezuela approves bill to open oil.... More »
How to make the most of your compensation Jun 19th
How much money do you make? Many people zero in on their paycheques when considering their compensation. Yet experts say workers should regularly check that they’re taking advantage of vacation time and other benefits, lest they leave money on the table.
Employees often receive other cons.... More »
Opinion: Big money puts its trust in Canadian Natural Resources’ Murray Edwards - The Globe and Mail + MORE Oct 7th
Opinion: Big money puts its trust in Canadian Natural Resources’ Murray Edwards The Globe and MailCanadian Natural Resources signs deal to buy Chevron’s Alberta assets for US$6.5-billion The Globe and MailBlockbuster $8.8-billion Chevron deal further consolidates Canadian c.... More »
How it works: Capital gains tax on the sale of a property
– moneysense.ca
Capital gains. Even the mention of these two words together can immediately conjure myths about owing the government 50% of the money earned from selling a home. But, like most rumours, it’s only half true—for now. You may have also heard that Budget 2024, the Canadian federal government introduced an increase on certain capital gains. That’s 100% true.
For individuals with a capital gain of more than $250,000, they will be taxed on 66.67% of the gain as income—up from the current 50% rate. This inclusion rate change comes into effect on June 25, 2024. Every week, our inbox is full of letters from readers asking how to avoid the capital gains tax. They want to know how to work the system and keep more money in their pockets. Listen, it’s valid to want to hold on to the money earned off of the sale of a secondary residence (cottage, second home) and an investment property (rental or commercial property). According to RE/MAX Canada’s Cottage Trends in Canada in 2023 report, the average price of a cottage in Canada is expected to rise this year by 0…
