Investment Tax

Tough markets provide tax-loss harvesting opportunity

AdobeStock / Nishihama More than half of the S&P/TSX Composite had negative price returns as of mid-November, report says By Melissa Shin | November 24, 2023 | Last updated on November 24, 2023 2 MIN READ More than half the stocks in the S&P/TSX...
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Investment Tax

TFSA limit rises to $7,000 for 2024, officially

AdobeStock / JHVEPhoto Inflation has increased available contribution room for the TFSA By Rudy Mezzetta | November 23, 2023 | Last updated on November 23, 2023 2 MIN READ The TFSA contribution limit for 2024 has been officially released. That limit is $7,000, up...
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Investment Tax

Avoid double taxation on wealth transfers to the next generation

Adobe Stock/Halfpoint Clients should think twice before selling assets at a discounted price By Catherine Hung | October 26, 2023 | Last updated on October 26, 2023 The baby-boomer generation is reaching retirement age, with the oldest in the cohort turning 77 this year...
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Insurance Tax

Corporate-owned life insurance as a charitable gift

© Le Moal Olivier / 123RF Stock Photo By: Kevin Wark | June 2, 2023 | 10:00 The rules governing the taxation of life insurance policies can be confusing for even those in the professional advisory community. If you add...
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Investment Tax

Tax-loss selling: Superficial loss and identical property rules

iStockphoto By: Wilmot George | April 26, 2023 | 17:31 Help clients realize a capital loss while maintaining market exposure Many clients (and their tax preparers) are working diligently to file their tax returns. As part of that process, many are...
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Investment

Purpose launches private asset platform for advisors along with three funds

iStock.com / useng  | By: Mark Burgess |  April 4, 2023 | 15:10 The company is the latest to offer private investments catering to retail investors Toronto-based Purpose Investments has launched three private funds and an accompanying platform for advisors...
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Economy

Inflation in Canada continues to slow, reaffirming BOC’s rate pause

© wildpixel / Thinkstock | By: The Canadian Press | March 21, 2023 | 13:38 The 5.2% reading in February marked the largest deceleration since April 2020 Canada’s annual inflation rate continued to slow last month, reaffirming the central bank’s decision...
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Investment

Ontario Teachers’ post 4% annual return as private assets provide boost

© Utima / 123RF Stock Photo | By: Mark Burgess | March 14, 2023 | 15:40 Recent portfolio changes addressed the challenges presented by high inflation, managers said The Ontario Teachers’ Pension Plan Board rode investments in private equity, infrastructure and credit...
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Economy

Another U.S. hiring surge: 311,000 jobs despite Fed rate

iStock/PeopleImages |  By: Christopher Rugaber, The Associated Press | March 10, 2023, | 11:17 February unemployment rate rose to 3.6% America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the...
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Business Economy

Montreal hotel occupancy almost doubled in 2022: report

Frédéric Tomesco Published Mar 10, 2023  •   3 minute read “This should be a good year,” the local hotel association says. Occupancy at Montreal hotels surged nearly 89 percent in 2022, the best showing among Canada’s six biggest cities, according...
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Economy

Canadians making fewer trips for groceries as inflation pinches

© Steve Debenport / iStockphoto | By: The Canadian Press | March 9, 2023 | 13:25 Consumers still spend about the same amount per trip, an RBC report says Canadians are on average making fewer grocery store runs as food inflation...
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Economy

Bank of Canada holds key rate for first time in a year, leaves door open to hikes

© Piotr Pawinski / 123RF Stock Photo  |   By: Nojoud Al Mallees, The Canadian Press | March 8, 2023, | 10:36   The economy has generally moved in the right direction for the bank as it aims to slow activity The...
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Economy

Powell: Rate hikes could accelerate if economy stays strong

iStock/Bet_Noire By: Christopher Rugaber, The Associated Press  | March 7, 2023, | 11:04 Getting inflation back to 2% “has a long way to go,” Fed chair tells senators while analysts raise the spectre of a half-point hike The U.S. Federal Reserve...
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Economy

U.S. recession now expected to start later than predicted

© David Crockett / 123RF Stock Photo A third of economists expect a recession to begin in the April-June quarter By: Christopher Rugaber, The Associated Press February 27, 2023, 13:03 A majority of the nation’s business economists expect a U.S....
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Insurance

Return-to-work strategies, open communication help alleviate employee stress, anxiety

By: Cassandra Rose While the World Health Organization defines stress as any type of change that causes physical, emotional or psychological strain, simply put, it’s the body’s response to anything that requires attention or action, according to Sherry Hnatyshyn-Webster, Carepath...
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Insurance

Supporting employees with chronic, complex conditions helps manage benefits costs

By: Cassandra Rose When it comes to chronic conditions, there’s a difference in understanding and appreciating — “and this difference goes a long way in helping employers navigate their disability claims and accommodations,” said Yvonne Murphy, director of disability claims and...
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Economy

Market Outlook – February 2023

Click here to download "the Market outlook February 2023"
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Economy Investment

How are pension funds and other institutional investors approaching investments in 2023?

By: Blake Wolfe February 10, 2023 08:55 Amid the unprecedented events of the last three years, the Colleges of Applied Arts and Technology pension plan has remained on course with its investment strategies, according to Asif Haque, the plan’s chief investment...
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Investment

Institutional investors to maintain private allocations despite challenges: survey

© ivook / 123RF Stock Photo | By: Mark Burgess | February 7, 2023 | 11:24 Many are changing due diligence or narrowing their investment universe   Despite fears about inflation, interest rates and lofty valuations, two-thirds of institutional investors say...
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Insurance

Joint last-to-die policies and liquidity challenges

fizkes © Piotr Pawinski / 123RF Stock Photo  |  By: Pierre Ghorbanian  | January 30, 2023 | 11:46 Consider how to best leverage the special death benefit Life insurance can be a critical part of an estate plan. Yet, even clients...
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