The assets of iconic publisher IT World Canada are up for sale. Today the Trustee, Crowe Soberman released the notice of sale. The following is a summary of that information taken from the PDF document available from the Trustee. For the official version of this information, please contact the Trustee using the contact information at
The Globe and Mail Brenda Bouw Published May 12, 2021
The federal government is proposing a tax on the sale or lease of new luxury cars and personal aircraft that cost more than $100,000, and personal-use boats that cost more than $250,000. The tax would be calculated at the lesser of 20 per cent of the value above the thresholds or 10 per cent of the full value of the luxury car, boat, or personal aircraft.
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The Liberal government’s plan to tax expensive cars, yachts, and private aircraft introduced in this year’s federal budget has prompted many wealthy clients to check in with their financial advisors and see if they should consider buying these luxury items before the new charge is expected to take effect on Jan. 1, 2022.
Tricky tax season shaping up as Canadians weigh pandemic benefits and income loss ctvnews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ctvnews.ca Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Dale Jackson Published March 17, 2021
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Now that this year’s deadline for making contributions to registered retirement savings plans (RRSP) has passed, many Canadians who managed to make contributions are looking forward to a tax refund in the spring. However, tax experts are quick to point out the advantages of having a long-term plan that keeps more of those tax dollars invested.
In fact, over a lifetime, investors can generate hundreds of thousands of dollars in extra retirement savings through “tax-free compounding.” The strategy allows tax savings to generate further tax savings while compounding in investments over time. It also means reinvesting that cherished RRSP refund that comes in the spring.