There are a number of expenses that can be claimed to reduce the capital gain on your cottage, Louise. Capital expenses are an example. The Canada Revenue Agency (CRA) defines a capital expense as an expense that: Gives a lasting benefit or advantage; improves...
Here’s why that matters: In recent years, climate change has led to more frequent damaging rainfall events (such as severe downpours and thunderstorms), and certain regions are naturally prone to flooding. A flooded basement isn’t cheap to fix—in fact, the average cost...
Is gas driving inflation? The agency said gasoline prices rose 0.4% in June following a 5.6% jump in May. Excluding gasoline, the consumer price index rose 2.8% in June. StatCan said lower prices for durable goods also contributed to the overall slowdown in...
RESP contributions grow tax-deferred and are eligible for government grants and bonds. Withdrawals are partially taxable and partially tax-free. The taxable portion can be taxed to the post-secondary student, who may pay little to no tax on the income. Should you give your...
The job losses, which amount to around 800 positions, come during a turbulent year for the Toronto-based television and radio broadcaster, mired by advertising revenue declines, regulatory challenges and licensing battles. On Monday, Corus reported a loss attributable to shareholders of $769.9 million...
In a release Monday, the storied Hamilton, Ont.-based steelmaker said it agreed to sell all issued and outstanding common shares for $70 per share to Ohio-based Cleveland-Cliffs, one of North America’s largest steel manufacturers. “I know that Cliffs will continue to build upon...
Are U.S. rate cuts on the way? While Canada’s inflation rate is obviously at the forefront around decision making for the Bank of Canada (BoC) in setting the key interest rate, inflation below the border is also a major consideration. Arguably, policymakers are...
The Canada Carbon Rebate is a tax-free payment, created to help Canadian households offset the cost of federal pollution pricing at gas pumps. According to the Canadian government, eight in 10 families will get back more than they pay into the carbon...
What is the Wealthsimple Cash card? The Wealthsimple Cash card is a prepaid Mastercard available to anyone with a Wealthsimple Cash account. With this card, you can use the funds in your account to make purchases in-store or online. It’s essentially a debit...
Coinbase Global Inc., based in the U.S., is a publicly traded company that has more than eight million users and operates in over 100 countries. Coinbase formally launched in Canada in August 2023, though it has offered services here since 2015. For...
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