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Rush to purchase luxury items may lead to unintended consequences


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.
Bart Sadowski/iStockPhoto / Getty Images
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. ....

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Value opportunities still exist in shift to stock-picker's market


Value opportunities still exist in shift to stock-picker’s market
Helen Burnett-Nichols
Published April 27, 2021
Estee Lauder Companies Inc. saw its skin care sales increase during lockdown and margins improve with direct-to-consumer online sales, but the makeup, fragrance, and duty-free segments of its business are expected to come back as economies reopen and travel resumes. REUTERS/Lucy Nicholson/Files
LUCY NICHOLSON/Reuters
Encouraged by rising interest rates on long-term bonds and optimism over global reopening plans, the rotation toward value and cyclical names took hold late last year and is expected to continue as economic activity picks up. But while opportunities are arguably not as plentiful as they were a few months ago, portfolio managers say there are still pockets of value to uncover in several sectors. ....

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Five lesser-known facts about TFSAs advisors should discuss with investors


Five lesser-known facts about TFSAs advisors should discuss with investors
Brenda Bouw
Published February 24, 2021
KalebKroetsch/iStockPhoto / Getty Images
The tax-free savings account (TFSA) has been around for more than a decade, but advisors should still be talking to clients about the pros and cons of the investment vehicle and how it can best be used to achieve their financial goals.
A recent Bank of Montreal survey shows many Canadians aren’t maximizing the benefits of a TFSA as 38 per cent said cash was the primary investment in their TFSA, treating it more like a piggy bank, followed by mutual funds at 23 per cent and stocks at 18 per cent. ....

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BC's Top Employers: Winners' list | Vancouver Sun


Author of the article: Sponsored Content
Publishing date: Feb 18, 2021  •  March 3, 2021  •  14 minute read
Douglas College employees, who started as international students at the school, take a break at the campus. Photo by SUPPLIED
Article content
BC’s Top Employers for 2021 (employee count refers to full-time staff):
Amazon Canada, Vancouver. Online marketplaces; 19,182 employees. Increased hourly pay rates by $2 per hour and doubled regular hourly overtime pay rates during the pandemic.
Aquatic Informatics Inc., Vancouver. Computer software; 74 employees. All employees receive an additional five days off for their fifth and tenth anniversaries with the company.
Arrow Transportation Systems Inc., Vancouver. Transportation, shipping and logistics; 1,034 employees. Helps employees save for the future with defined benefit or defined contribution pension plans, depending on their group. ....

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