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
Canadian pensions join stampede out of Chinese stocks amid prolonged rout, delisting threat
Skip to content The Canada Pension Plan Investment Board sold all its U.S.-listed shares in Chinese tech giant Alibaba this summer, part of a multibillion-dollar sell-off of public assets headquartered in the country. It’s one of several major Canadian pension funds, including the British Columbia Investment Management Corporation (BCI) and the Caisse de Dépôt et… Continue reading Canadian pensions join stampede out of Chinese stocks amid prolonged rout, delisting threat
Jamie Dimon’s S&P 500 bear market: Brutal, but far from unimaginable
Don’t be surprised if the S&P 500 loses another one-fifth of its value Author of the article: Bloomberg News Lu Wang and Peyton Forte JPMorgan Chase and Co. chief executive Jamie Dimon. Photo by Evelyn Hockstein/Reuters files Jamie Dimon says don’t be surprised if the S&P 500 loses another one-fifth of its value. While such… Continue reading Jamie Dimon’s S&P 500 bear market: Brutal, but far from unimaginable
Cash may be king, but cash flow rules in times of volatility
Cash-flow-producing assets can be one of the most powerful tools available for boosting investor returns in the long run Traders work during the opening bell at the New York Stock Exchange on Wall Street in New York City. Photo by ANGELA WEISS/AFP via Getty Images files As the capital markets continue their downward slide, many… Continue reading Cash may be king, but cash flow rules in times of volatility