What factors determine employment status? The Canada Revenue Agency (CRA) uses an important distinction when evaluating a relationship between a worker and a business: the difference is between a contract for “services” and a “contract of service.” What is a contract for services? A contract...
U.S. Fed cuts rates for the first time in four years The U.S. dollar remains the most important currency in the world, and the American economy is arguably the most important financial system as well. Consequently, when the U.S. Federal Reserve makes a...
Before heading to school, Kinsey acquired her first credit card, an Alterna Savings Cash Back Visa. Although she also banks with EQ Bank, her primary bank card was with Alterna Savings and Credit Union. “So it was kind of natural and the...
Dragon’s Den cast: Wes Hall, Michele Romanow, Arlene Dickinson, Brian Scudamore and Manjit Minhas. Who is your money hero? One of my fellow “dragons,” Wes Hall, who I got to know a little bit this year, during filming. I’m so inspired with how he...
InvestmentInvestment accountPurchase priceSale priceGainCapital gains taxAfter-tax gainsBitcoinNon-registered$23,500$61,000$37,500$3,750$33,750Bitcoin ETFTFSA$23,500$61,000$37,500$0$37,500 As you can see, in this hypothetical situation, gains for the tax-free bitcoin ETF come out ahead by $3,750, which is about 11% more than the after-tax gain on bitcoin. Canadian crypto ETFs The table below lists...
It also ditched U.S. expansion efforts after selling its U.S. book of business to Betterment in 2021, and sold its Wealthsimple for Advisors to Purpose Advisor Solutions as it focused in on Canadian consumers. The company’s valuation is also down from its peak. Power Corp.,...
According to the July 2024 Consumer Price Index report from Statistics Canada, the shelter factor of the CPI rose by 5.7% year-over-year, outpacing the overall inflation rate of 2.5%. This is an ongoing trend—shelter costs have continually been one of the key...
Before heading to school, Kinsey acquired her first credit card, an Alterna Savings Cash Back Visa. Although she also banks with EQ Bank, her primary bank card was with Alterna Savings and Credit Union. “So it was kind of natural and the...
Dramatic gains are possible, but so are devastating losses, and investors should understand crypto’s wide-ranging risks. Here’s an overview of crypto volatility risk, technology risks, regulatory uncertainty and other issues that could affect the value of your investment. Price volatility Cryptocurrency prices can fluctuate...
Borrowing to invest can be risky. It can magnify your returns, as well as your losses. The best candidate for leveraged investing is someone with a high risk tolerance, a long time horizon and low investment fees. Leveraged investing for the short term...
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