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The Crypto Crash Is Particularly Bad for Black Investors + MORE Nov 18th
After cryptocurrency values started crashing hard this year, headlines of people losing millions, their life savings or retirement funds flooded the news. When crypto bank Celsius Network filed for bankruptcy this summer its customers alone lost US$5 billion. Even digital-asset evangelists like Bina.... More »
The best bank account should manage itself Jul 17th
Between long hours at work and day-to-day responsibilities at home, finding time to take a break, catch up with friends or even squeeze in a workout requires serious time management skills. So it’s easy to shrug it off if you’re a couple of weeks late on that last Internet bill or get accustomed.... More »
Making sense of the markets this week: September 28 Sep 27th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Is beating the market a thing of the past?
There are many reasons why it gets harder and harder to beat the market. Even for the likes of Berkshire Hathaway’s Warren Buffett.... More »
Where to Buy Real Estate in Canada 2022: Langley, Pitt Meadows and Maple Ridge, B.C. + MORE Jun 4th
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Tensions Between Turkey and US Soar as Trump Orders New Sanctions - New York Times + MORE Aug 11th
New York TimesTensions Between Turkey and US Soar as Trump Orders New SanctionsNew York TimesThe deepening standoff raised questions of whether the two strong-willed leaders were risking even broader chaos as they vied for the upper hand in a widening diplomatic dispute largely focused on individual.... More »
Markets will hit bottom on Monday, says BMO’s Belski
– theglobeandmail.com
Bank’s chief investment strategist draws on history
How to retire well
– macleans.ca
Retirement is only the beginning of a life phase where you enjoy the freedom to make things happen on your own terms, at your own pace. That kind of living is enabled when you’ve planned for it. Here are some tips to get you started.
1. The earlier the better:
Start saving as early as you can, or work on catching up as soon as your finances allow, so you can maximize any unused RRSP contribution room.
2. Use the power of compounding:
Without a doubt, saving little by little adds up, thanks to time and compound growth. It’s also much easier to save when you have a pre-authorized contribution to a retirement plan.
3. Turn to tax-advantaged plans:
Whether you choose an RRSP (registered retirement savings plan) that defers tax or a TFSA (tax-free savings account) that earns tax free income, your savings will grow faster.
4. Aim to reduce debt:
If it’s hard to find the extra money to put toward your savings goals, focus on lowering your debt by paying down your mortgage or other loans…
There were high expectations headed into Thursday’s long-awaited announcement on how the federal government would overhaul the approval process for major energy projects in Canada. Ottawa says the new regulatory regime would help entice new investment, but the industry has many questions — and also doubts.
Capital gains tax when selling a rental property
– moneysense.ca
Q. For the moment it seems that capital gains are taxed at 50% of the value. My parents own a rental property. Would it make sense to “buy them out” now and pay the capital gains at 50% rather than wait for the inheritance and risk being taxed at 75% in the future? I assume that this is done at fair market value (FMV), but can I buy the property at less than FMV to save on capital gains tax now or are we forced to pay the 50% at FMV? I have no plans of selling the rental property in the future.
— Gary
A. Great question! First, let me just run through how capital gains tax works.
This tax is charged on all assets that appreciate in value over time. This includes property but also applies to stocks, artwork, even collectibles. The estate or the seller is responsible for paying the tax once the asset is disposed of and that can include the sale of the asset or the gifting or giving of the asset. Capital gains tax is calculated by taking half of the appreciated earnings and charging the asset-owners’ marginal tax rate…
Is the wild stock market ride fuelled by the machines?
– thestar.com
Algorithms suspected in the rapid meltdown in U.S. equity markets, but in Canada their role is less clear.
