Canadian NorthWest locks in big AusUnity health fund investor
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It is understood the offshore giant has locked in a key Australian Unity fund backer, in a move designed to pile pressure on the responsible entity and scare off other potential suitors.
Canadaâs NorthWest has struck a deal with Ross Burney-run Hume Partners.Â
Luis Ascui
The backer is Scanlon-family money manager Hume Partners, which is believed to account for 15 per cent to 20 per cent of the in-play Australian Unity Healthcare Property Trust and is its biggest unitholder.
It is understood NorthWest and Hume Partners have entered into put and call options, designed to act like a pre-bid agreement in a company takeover and gives the Canadian first right to Hume Partnersâ stake.
Why REITs will continue to deliver higher-than-average yields Dale Jackson Published February 4, 2021
Grid 5 Apartments in Calgary is offering a $1,000 signing bonus to new renters for a limited time. The building is owned by Killam Apartment REIT, which still has some room to raise its dividends. Todd Korol/The Globe and Mail
Todd Korol/The Globe and Mail
A recent real estate outlook report from BMO Capital Markets is tamping down concerns that the generous income stream from real estate investment trusts (REITs) could turn into a trickle as the COVID-19 pandemic drags on.
In an age of rock-bottom interest rates, REITs are one of the few securities that provide older investors with decent, reliable cash payouts in retirement. Those payouts have come into question as the work force has abandoned urban offices for suburban homes and consumers avoid bricks-and-mortar retail for e-commerce.
Hate Taxes? You’ll Love These 2 CRA Changes in 2021
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Canadians should be mindful of the Canada Revenue Agency (CRA) adjustments this year. If you hate taxes, these changes couldn’t come at a better time. The pandemic is causing a great deal of financial strain that a potential full reduction in federal tax while earning tax-free money is welcome news.
The Basic Personal Amount (BPA) will increase again this year, while Tax-Free Savings Account (TFSA) users will have additional contribution room. Many Canadians will benefit from both CRA changes in 2021.
More tax savings
All individual taxpayers in Canada can claim the BPA, a non-refundable tax credit. The BPA is increasing starting in 2020 as a result of the amendments to the
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The Canada Revenue Agency (CRA) provided several benefits for Canadians affected by the pandemic. The government also tasked the agency with providing income support through programs like the Canada Emergency Response Benefit (CERB) and Canada Recovery Benefit (CRB) to Canadians who lost income due to the pandemic.
These benefits continue to help millions of Canadians affected by the lockdowns, but recipients will have to face taxes on these benefits when the tax season arrives. There are ways you can earn passive income that the CRA cannot come after.
Use your TFSA
The Tax-Free Savings Account (TFSA) has it right there in its name. There is nothing better when it comes to generating tax-free passive income than a TFSA. Investing in a stock like