Jamie Golombek: The CRA can deny expenses if taxpayer doesn’t appear to be running a business with a view to profit If business expenses aren’t reasonable, the Canada Revenue Agency can deny them. Photo by Getty Images/iStockphoto Business owners can generally deduct a variety of business expenses when calculating their net income for tax purposes.… Continue reading One taxpayer discovers the CRA can deny business expenses even after the normal assessment period
Don’t let the market noise drown out what’s right for you
Tom Bradley: That includes looking after the things you can control right now The markets have a lot of “not right now” going on, writes Tom Bradley. However, nobody knows how much of the gloom is already factored into stock prices, he says. Photo by DANIEL ROLAND /AFP/Getty Images One of the songs in my… Continue reading Don’t let the market noise drown out what’s right for you
Barry Choi: How to avoid getting scammed when selling or buying online
Always do the exchange in person As a general rule, try doing a local meet-up since you’ll know you’re dealing with a real person. If you’re worried about your safety, ask to meet at a local police station, as many of them have an exchange zone that’s monitored. You could also ask to meet up… Continue reading Barry Choi: How to avoid getting scammed when selling or buying online
IMF warns of substantial cooling, possible recession in Canada
Ottawa urged to rein in spending to avoid undercutting fight against inflation An International Monetary Fund report is forecasting “substantial” cooling in Canada’s economy. Photo by REUTERS/Yuri Gripas/File Photo An International Monetary Fund report is forecasting “substantial” cooling in Canada over the next year in which “shocks could easily push the economy into a mild… Continue reading IMF warns of substantial cooling, possible recession in Canada
Stocks are going crazy today — soaring 3% in wild ride after inflation data plunge
U.S. stocks stormed back from losses sparked by a hot inflation reading on speculation the yearlong selloff has potentially reached bottom Author of the article: Bloomberg News Stephen Kirkland and Emily Graffeo The S&P 500 surged to highs of the day in a broad rally — wiping out a loss that hit 2 per cent.… Continue reading Stocks are going crazy today — soaring 3% in wild ride after inflation data plunge
Stock Market Today: Stocks Brush Off Hot CPI Update in Major Reversal
Stocks initially sold off Thursday after the latest consumer price index (CPI) showed inflation remained stubbornly high in September, before embarking on a massive rebound to end the day with impressive gains. The Labor Department this morning said consumer prices ran hotter-than-expected last month – with many experts saying this all but guarantees the Federal… Continue reading Stock Market Today: Stocks Brush Off Hot CPI Update in Major Reversal
What Is Passive Investing?
When it comes to saving money for the long term – that is, ten years or more – investing your money usually delivers better returns than simply saving it up as cash in the bank. This is why any workplace pension you have, for example, will at least partly be invested in the stock market,… Continue reading What Is Passive Investing?
What a DraftKings-ESPN Tie-Up Will Mean for Investors
Last Friday, as the September jobs report dealt a blow to the broader stock market, shares of sports betting site DraftKings (DKNG (opens in new tab), $13.49) jumped more than 3%. Why? Reports surfaced over a potential partnership with Walt Disney’s (DIS (opens in new tab)) ESPN. The speculation dates back to summer of 2021,… Continue reading What a DraftKings-ESPN Tie-Up Will Mean for Investors
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