Canadian Industrial Products and Services Stocks

Tax confusion: What’s deductible and what’s not

A penny saved is a penny earned. That’s one of the great truisms in life —and in personal finance. But I don’t think the Canada Revenue Agency (the CRA) entirely agrees with it.  To them, money spent on earning income is deductible, but money spent on ultimately saving money by arranging f ...

How you’re taxed when selling a business to family

Q: I want to sell our Dairy Queen (DQ) to my oldest daughter. The profit year after year is $56,000.00 to $76,000.00 but sales are about $1.5 million. We do not own the building—we lease it from a large company. We only own the equipment inside and the signage. I would like to sell the DQ to h ...

November 23, 2017

Chris Bourke of Bloomberg wrote a piece about Australia’s housing market that interested me because of Canada’s presence in the charts: Click for Big That represents the failure of Canada’s housing policy since 2006 – the vast expansion of the CMHC insurance books has enabled the banks ...

What does the U.S. net neutrality battle mean for Canada?

FCC Chairman Ajit Pai has become Public Enemy Number One for proponents of net neutrality.   The Trump administration appears likely to repeal its regulations governing net neutrality, to the delight of U.S. internet service providers. It’s a development that has many proponents of a free and ...

You can switch. Move your RRIF to us, save on fees

You’ve retired. You’re finally ready to loosen the purse strings and start spending the money in your Registered Retirement Income Fund (RRIF) on the things you love. I’m going to go out on a limb and suggest that you don’t want to spend a lot of that hard-earned cash on fees. With WealthBa ...

Life at railway speed: lessons from the technology hype cycle

In 1845, Scottish poet and author, William Aytoun, published his satire, How we got up the Glenmutchkin Railway, and how we got out of it. His story focused on the railway stock frenzy that gripped Great Britain, with the aim of bringing awareness to what he saw as madness, “if anyone ha[d] the s ...

Our 12 top tips for Black Friday shopping 2017

If you’re a true bargain shopper, Black Friday and Cyber Monday were tailor-made for you to score some of the best deals possible. This year is no different and the buzz is that the hot items promise to be toys, electronics (but not necessarily TVs) and clothes—especially boots, shoes and winte ...

Estate planning considerations for single parents

If you are a single parent, here are key questions you should consider: 1. Are your estate plan and related documents up to date? The death of a spouse or separation or divorce generally triggers a significant change in intentions on death. If you are widowed or if you no longer want your fo ...