A strategy to slash capital gains tax
06 Jul

A strategy to slash capital gains tax

Q: We own a cottage and a six-plex, which is where we also live full-time. Now we want to sell the apartment building and maybe the cottage and use the funds to buy a new residence in the city. How can we best structure this transition to minimize the capital gains taxes we will owe? — Liz Kargus, Ont. Ayana…

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Taxation of private corporations
09 May

Taxation of private corporations

The federal budget provided more details on the proposed private corporation tax changes. Budget 2018 includes the promised details on the government’s plans to limit the deferral advantages from holding passive savings in a corporation, but takes a substantially different approach than previously announced. The government’s three key principles in designing these rules are to: protect…

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U.S. Leaves Door Open to Talks With China Amid Trade-War Fears
20 Apr

U.S. Leaves Door Open to Talks With China Amid Trade-War Fears

The Trump administration indicated it’s willing to negotiate with China on escalating frictions between the world’s two biggest economies, helping to ease fears among investors of a tit-for-tat trade conflict. U.S. Commerce Secretary Wilbur Ross said China’s response isn’t expected to disrupt the U.S. economy. In an interview on CNBC on Wednesday, he said China’s…

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China-US tariff spat: Mostly losers, but some winners too
18 Apr

China-US tariff spat: Mostly losers, but some winners too

BEIJING — China’s threat to raise tariffs on U.S. exports could be a disaster for American soybean farmers but a boon to their Brazilian and Argentine competitors, European aerospace companies and Japanese whiskey distillers. Regulators picked products China can get elsewhere when they made a $50 billion list including soybeans and small aircraft for possible…

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U.S. Metals Tariffs Would Hit Canada Much Harder Than Mexico
21 Mar

U.S. Metals Tariffs Would Hit Canada Much Harder Than Mexico

Canada has the most to lose among Nafta partners if Donald Trump presses ahead with plans to slap steel and aluminum tariffs on his neighbors. Canadian and Mexican exports of the two metals, along with iron and related products, to the U.S. reached $24.6 billion in 2017, a level surpassed only twice before, according to American…

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