How to go about securing the best return for your investment in Canada.
Latest News
If we're OK with government meddling in housing, what else is fair game? + MORE Apr 26th
Canadians seem in favour of government stepping in to intervene in Canada's housing market. But what would the reaction be if governments started meddling in the value of our retirement portfolios or other assets? Peter Armstrong dives in..... More »
From RRSP to RRIF—managing your investments in retirement Nov 14th
Retirement brings many changes in a person’s life and your investment portfolio is one of them. Tracy Andrade, a wealth adviser and certified financial planner at Marnoa Private Wealth Counsel, says it’s challenging for people to see their savings start to decline as they begin spending .... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jun 9th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
Advertisement
Why trust us
MoneySense is an.... More »
FCC unravels net neutrality as protesters gather - BNN + MORE Dec 15th
BNNFCC unravels net neutrality as protesters gatherBNNWASHINGTON — The U.S. Federal Communications Commission vote on Thursday to roll back net neutrality rules could galvanize young voters, a move Democrats hope will send millennials to the polls in greater numbers and bolster their chances in ne.... More »
Miami’s Cuban exiles celebrate Castro’s death Nov 26th
The Cuban community celebrates the announcement that Fidel Castro died as they gather in front La Carreta Restaurant, early Saturday, Nov. 26, 2016, in Miami. Within half an hour of the Cuban governmentÄôs official announcement that former President Fidel Castro had died, Friday, Nov. 25, 2016, .... More »
CBC.caOttawa alters rules to curb foreign money in Canadian housingCBC.caOttawa has announced new rules aimed at limiting foreign money into Canadian real estate and ensuring that Canadians take on mortgages that they can afford. Finance Minister Bill Morneau announce the new rules at a speech in Toronto on Monday.Trudeau government to close foreign-buyers loopholeThe Globe and MailForeign buyers' real estate tax loophole to closeCTV NewsOttawa to close tax loophole for foreign home buyersToronto Starbnn.ca -Financial Post -Straight.com -Reuters Canadaall 31 news articles »
Aritzia shares jump in Toronto debut – The Globe and Mail
– news.google.ca
The Globe and MailAritzia shares jump in Toronto debutThe Globe and MailAritzia Inc. shares began trading for the first time Monday, well above the price set in the run-up to the Canadian fashion retailer's initial public offering. One-vote subordinate Aritzia shares were about 13 per cent above the IPO price of $16 after …and more »
Aritzia Inc. shares began trading for the first time Monday, well above the price set in the run-up to the Canadian fashion retailer’s initial public offering.
In Canada, we need housing hacks
– moneysense.ca
I’m intrigued with unconventional housing. Tiny houses; homes built from shipping containers; even cleaned-up brownfields turned into condo complexes. These are housing hacks for a complicated real estate landscape. Perhaps that’s why I am smitten with the tale of a Toronto family who packed up their life and moved into an abandoned 10,600 square-foot Prince Edward County school four years ago. Before it was shuttered in 2011, the school’s annual electricity bill was $10,000 and oil-heating came in at $38,000 a year. Puts my family’s heating bill in perspective!
But they made it work. This family refurbished the school, found economical ways to heat the place (including adding proper insulation and converting the heat source from oil to peet); three years later, they have a warm family home, complete with gym turned open-concept family room and kitchen with a pre-dinner performance stage. The school-come-home is located in a thriving farm-to-table tourist community, so this family also found a way to earn a living: They turned a portion of the school into a B&B…
But they made it work. This family refurbished the school, found economical ways to heat the place (including adding proper insulation and converting the heat source from oil to peet); three years later, they have a warm family home, complete with gym turned open-concept family room and kitchen with a pre-dinner performance stage. The school-come-home is located in a thriving farm-to-table tourist community, so this family also found a way to earn a living: They turned a portion of the school into a B&B…
Ottawa closes housing exemption tax loophole
– moneysense.ca
Ottawa took a step towards closing a tax loophole that impacts all Canadians earlier this morning, when Finance Minister Bill Morneau clearly told the world: You need to live here, in Canada, in order to benefit from our tax exemptions.
Read more: Why Vancouver’s real estate market is so crazy —-
Impact felt by all at tax time
Up until now, anyone who sold their principal residence in Canada did not have to report that sale to the Canada Revenue Agency, or the profit earned on that sale. The reason was that the CRA provides a tax exemption on property that is used as your primary home.
As of today, however, the federal government will now require all Canadians tax-filers to report the sale of each and every property sold in the country. As with all assets, taxes are owed, however, if the property is a principal residence it’s still exempt.
“The CRA will audit tax forms,” says Morneau, “to verify that the beneficial owner lives here in Canada and is living in the home in order to claim and receive the Principal Residence tax Exemption (PRE)…
