Capital gains tax usually applies after you sell investments such as stocks,bondsand mutual funds held in non-registered accounts. It can also apply when you sell property other than your principal residence, includinginvestment propertiessuch as a cottage or even a piece of land. Your obligation ...
Canada, or to be more exact, the Dominion of Canada, comprises all that part of North America north of the United States, with the exception of Newfoundland, La...
Homeowners age 55 and older can use a reverse mortgage to receive up to 55% of the current value of their primary residence in cash without selling or refinancing. Clay Jarvis Locked-in Retirement Account (LIRA): How It Works Don’t leave a company pension hanging after changing jobs. ...
Some Americans fear higher taxes so much they are willing to move. Thecapital gains tax ratemight go up. Thestep-up basismight go away. And thetop marginal income tax ratemight go up too. Therefore, may I present the best life hack for Americans: taking advantage of Canada! I'm always...
They can also give you information about capital gains tax exemptions that may be available to you. If you are looking for a tax accountant, or simply want to learn more about what it is that these experts do, do not hesitate to get in touch. We look forward to speaking to you soon....
tax risk and transparency, environmental and social risk and the emergence of widespread health emergencies or public health crises such as pandemics and epidemics, including the COVID-19 pandemic and its impact on the global economy and financial market conditions and our business operations, financia...
Canada offers plenty of job benefits and tax credits for its newcomers. The newcomer status received under the CRA (Canada Revenue Agency) is valid for the first year of residence. Individuals are required to have a Social Insurance Number (SIN) in order to work and get paid in Canada. ...
Government loves jacking up real estate prices. More property tax. Under the illusion of increasing “wealth” higher property taxes fund gross Government. And in Canada, even Minimum Wage workers +/- $16/hour pay about 15% income taxes, and their emplo...
On August 9, 2022, the Government of Canada proposed through draft legislation a Canada Recovery Dividend (CRD) and a permanent increase in the corporate income tax rate. The CRD is a one-time 15% tax for 2022 determined based on the average taxable income above $1 billion for taxation ...
Capital Markets results increased primarily due to higher revenue in Global Markets and Corporate and Investment Banking, as well as lower PCL. These factors were partially offset by higher compensation on improved results and a higher effective tax rate, largely reflecting changes in earnings mix. ...