The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
A surprising place to find free financial advice + MORE Jan 19th
Looking for someone to help you learn to manage your money better? Then check out some of the local churches across Canada. Right now, Christians Against Poverty (CAP) Canada is offering three financial services: debt counselling, a free money course and a job counselling program for those interest.... More »
Get a grip on inequality, leaders urged in run-up to Davos - The Province + MORE Jan 18th
New York PostGet a grip on inequality, leaders urged in run-up to DavosThe ProvinceDAVOS, Switzerland - The world's political and business elite are being urged to do more than pay lip service to growing inequalities around the world as they head off for this week's World Economic Forum in.... More »
Capital gains tax in Canada, explained + MORE Jan 31st
Capital gains tax highlights
Investors can sigh relief for the 2024 tax year. Despite the capital gains inclusion rate being changed as of June 25, 2024, it has since been delayed until 2026 by the Department of Finance Canada. Here’s what is proposed. For individuals, the inclusion rate is eithe.... More »
How can my stock losses be used to lower taxes? Sep 17th
Q. I just received a report from my brokerage noting the value of one of my investments was cut in half. Can this loss report be used to lower taxes and how does that work? I understand there is also a specific form used for Canada Revenue, but I’m not sure which ones I need. Thanks, Lesli.... More »
How do credit card payment deferrals work during COVID-19? Apr 17th
If you’re dreading your credit card bill, you’re not alone. According to the Bank of Canada, 30% of us carry a balance from month to month, accruing interest, on average, at an eye-watering 19.99%. Simply put, we’re in the red, with an average of $23,800 per Canadian owing on credit cards, lin.... More »
Canada’s TMAC Resources plans IPO
– theglobeandmail.com
Miner plans to list on TSX, sourc says
Why China’s housing boom is more solid than it looks
– theglobeandmail.com
Chinese families are likely to see their real estate investments pay off, the researchers say
Main street Canada businesses say old property tax methods of cities not fair
– canadianbusiness.com
HALIFAX – Matina Aucoin says she can’t understand why she has to send $3,800 a year in property tax to her city government for a parking lot that requires no service.
“I know it costs the city zero,” she says in an interview at the Zephyr furniture shop on Halifax’s Quinpool Road.
It’s the kind of tax complaint that is causing some main street entrepreneurs across the country to argue municipal property tax assessments — a crucial source of funds for Canadian cities — are urgently in need of reform, especially in an era of real estate price volatility.
Zephyr is located amidst an assortment of mostly locally-owned organic grocers, restaurants and clothing boutiques that resembles other downtown or suburban main streets.
As the selling price for local buildings rose rapidly in recent years, assessments for Aucoin’s building and 450-square metre parking followed suit. Until a recent appeal, she was paying $5,000 a year for pavement based on its potential resale value…
“I know it costs the city zero,” she says in an interview at the Zephyr furniture shop on Halifax’s Quinpool Road.
It’s the kind of tax complaint that is causing some main street entrepreneurs across the country to argue municipal property tax assessments — a crucial source of funds for Canadian cities — are urgently in need of reform, especially in an era of real estate price volatility.
Zephyr is located amidst an assortment of mostly locally-owned organic grocers, restaurants and clothing boutiques that resembles other downtown or suburban main streets.
As the selling price for local buildings rose rapidly in recent years, assessments for Aucoin’s building and 450-square metre parking followed suit. Until a recent appeal, she was paying $5,000 a year for pavement based on its potential resale value…
