On July 18, 2017, Federal Finance Minister Bill Morneau released a consultation paper on proposed private corporation tax measures. These measures are designed to close tax advantages used by Canadians who use private corporations for income sprinkling, accumulating passive investment income and converting income into capital gains. Most of the proposed changes are anticipated to… Read More
The You First Blog
“An investment in knowledge pays the best interest” – Benjamin Franklin TSX Flat to Finish the Week The Toronto Stock Exchange’s S&P/TSX composite index concluded the week on Friday with a 0.31-point rise to settle at 15,173.03. This finish represents a rise of 1.25% over last week’s finish at 14,985.32. Declines in energy and utilities… Read More
“Every day is a good day to be alive, whether the sun’s shining or not” – Marty Robbins Bank of Canada Raises Overnight Rate to 1.00%, TSX Drops for Fifth Straight Day The Toronto Stock Exchange’s S&P/TSX composite index continued its retreat on Friday. On the day, the TSX finished down 39.21 points (0.26%), dipping… Read More
As we discussed last Friday in our Weekly Update, the Bank of Canada followed up on expectations by raising its overnight rate by 25 basis-points to 1.00%. Analysts had forecast a rate hike in either October or December, but recent Q2 GDP growth data exceeded expectation, leading some to predict a rate hike this week…. Read More
“The Investor, unlike the Speculator, does not have to worry too much about the short term” – John Train Broad Retreat Leads TSX Lower The Toronto Stock Exchange’s S&P/TSX composite index continued its recent trend of staying relatively flat. On Friday, the TSX finished down 20.27 points, or 0.13% to finish at 15,191.60. 9 of… Read More