Sentences with phrase «canadian dollar tax»
A province could issue a bond that is used to extinguish Canadian dollar tax liabilities to the province.
http://www.progressive-economics.ca/ Not exact matches
Look for more money to be given to the Canada Revenue Agency to fight offshore tax evasion, an investment that has so far helped the CRA reap millions in extra tax dollars while at the same time achieving the aim of discouraging tax evasion by Canadians.
As a result of our Government's low - tax plan, the average Canadian family now pays 3,200 dollars less in taxes every year.
To foster Canadian productivity and global competitiveness, our Government provided 1.4 billion dollars in tax relief to manufacturing companies investing in modern machinery and equipment.
The rise in the Canadian dollar, which has hovered around parity with the U.S. dollar in recent months, the shortage of labour in the province, and even the new carbon tax add to the difficulties for B.C. businesses, he said.
Peter Kent: Carbon pricing in any form is a carbon tax, because to be a realistic dollar figure, it would get Canadians at the gas pump for example, and right across the economy, but at the gas pump, it would get us to where Europeans are.
Progressives often present corporate - tax cuts as having transferred billions of dollars from the Canadian government to big business.
He reassured Canadians that their tax dollars would not be used to bail out wealthy European countries.
In the end, to keep the ad dollars at home in order to sustain local broadcasting, the Canadian government disallowed tax deductibility for advertising placed by Canadian firms on non-Canadian stations.
We are at a classic tipping point when it comes to the secret squandering of Canadian tax dollars.
Weakness in the U.S. currency rather than factors on the Canadian side are likely to be the primary catalyst for a slide in USD / CAD, according to BMO's global head of foreign - exchange strategy Greg Anderson, who cited a market that's gotten ahead of itself with regard to Federal Reserve tightening and a tax proposal that's likely to be dollar negative.
While the average Canadian now owes $ 1.62 in debt for every after - tax dollar they earn (a number that keeps...
The only thing to keep in mind is that Enbridge is a Canadian company that declares and pays its dividend in the Canadian dollar, which may impact an investor's tax situation.
If there was ever a reason for revolution in the streets, it should be the fact that wealthy Canadians pay tax on only half of the income they derive from flipping stocks, bonds, and real estate — while fast food workers pay tax on every dollar of the hard - earned income they derive from flipping burgers in greasy, dangerous kitchens.
As a result of a decrease in energy costs and weakening of the Canadian dollar, sales tax revenue continues to decline which creates significant challenges for the county's budget.
The lower than expected sales tax revenue due to the weak Canadian dollar is a major concern.
Regular priced items in Canadian Dollars purchased with the exemptions of Provincial Sales Tax applied, ending in.49 cents.
Available only on special order, the 2015 Nissan Micra Cup is available for purchase from JD Motorsports priced at 19,998 Canadian dollars (Rs. 10.89 lakhs) excluding taxes.
«With more than 42 per cent of their income going to taxes, Canadians might ask whether they're getting good value for their tax dollars.»
You then report the capital gain, or loss, on your tax return based on «the difference between those two Canadian dollar amounts.»
Well, including capital gains, dividends and management expense ratios, but excluding trading fees and taxes, it looked like this for the calendar year of 2009 in Canadian dollars (after accounting for US$ fluctuations):
Don't forget to note down the bid price of DLR because the difference between your purchase price and sell price in Canadian dollars should be declared as capital gains or losses in your taxes.
The GIC Bonus Rate Offer is available for 1 - year Non-Redeemable and 1 - year Redeemable Guaranteed Investment Certificates that are issued in respect of deposits made in Canadian dollars for an amount between $ 1,000 CAD and $ 500,000 CAD; not held in any registered plan, such as Registered Retirement Savings Plan, RRIF or Tax Free Savings Account, and issued to one or more individuals who qualify for the HSBC RBWM Newcomers Program under s. 2 within 6 months of the opening of any sole or joint Eligible Account held or closed by such persons.
Add in higher fees for converting Canadian Dollars into Pounds, Euros and Aussie Dollars, stamp duties, levies and taxes and you are looking at forking out a substantial outlay in fees and taxes.
The only thing to keep in mind is that Enbridge is a Canadian company that declares and pays its dividend in the Canadian dollar, which may impact an investor's tax situation.
The tax treatment of Canadian dividends is really great... some smarter person will provide the exact figure, but basically you end up keeping something like 80 cents (probably more) on the dollar depending on your income / tax situation.
You won't be taxed extra on everything, but it's critical to know what the exchange rates are so you know exactly what you're paying in Canadian dollars.
The BMO Emerging Market ETF is again more expensive than the Vanguard Emerging Markets ETF (VWO) but provides an interesting, Canadian - dollar denominated alternative for Canadian investors worried about US estate tax implications.
If you buy foreign stocks, like U.S. stocks, the tax cost is the cost converted to Canadian dollars at the time of purchase.
But by not claiming certain health - care costs via the Medical Expense Tax Credit, Canadians could be losing big dollars.
This is unlikely as market rates have already risen and the potential negative impact of a stronger Canadian dollar on trade, as well as a potential US harder line on trade — such as recent US saber rattling on a border tax — will keep the Bank of Canada on the sidelines through the rest of this year.
Key Takeaway Passively hedging your U.S. dollar exposure may not result in higher returns, before or after - tax (even during periods when the U.S. dollar depreciates relative to the Canadian dollar).
Financial expert Gordon Pape explains the new Tax - Free Savings Account (TFSA)-- the powerful new personal savings vehicle for Canadians — and provides a range of strategies that you can use to add thousands of tax - exempt dollars to your personal wealTax - Free Savings Account (TFSA)-- the powerful new personal savings vehicle for Canadians — and provides a range of strategies that you can use to add thousands of tax - exempt dollars to your personal wealtax - exempt dollars to your personal wealth.
If your asset allocations for US, international and emerging markets are all underweight by a few thousand dollars and you want to rebalance your portfolio (and have both CAD and USD cash), US and emerging markets equities would likely reduce your foreign withholding tax bill the most (assuming that you purchase Canadian - listed international equity ETFs that hold the underlying stocks directly with your Canadian dollars).
Look for more money to be given to the Canada Revenue Agency to fight offshore tax evasion, an investment that has so far helped the CRA reap millions in extra tax dollars while at the same time achieving the aim of discouraging tax evasion by Canadians.
For Canadian investors, the funds would be in Canadian dollars and should provide the information by the CRA for maximal tax efficiency.
If you receive interest, dividends or capital gains from investments outside Canada, the equivalent Canadian dollar value must be reported on your Canadian tax return and will be taxed accordingly.
In other words, to properly report a gain (loss) on a foreign property, you would convert the proceeds to Canadian dollars using the exchange rate on the date of sale and compare that to the adjusted cost base (ACB) or tax cost of the property using the foreign exchange rate on the date of purchase of the property.
In the Canadian dollar's defense, there is still modest scope for optimism: Energy prices have room to potentially nudge higher (although much of the good news is already in the oil price), fears of a border adjustment tax have faded alongside expectations for broad - based tax reform, and net speculative positioning in the Canadian dollar is already particularly bearish (see the chart below).
The Canada Revenue Agency reassessed him, adding the amount he received to his 2012 income, but also allowing a foreign tax credit for the Canadian dollar equivalent of the amount of U.S. tax withheld.
Finally, keep in mind that the taxman requires you to report your foreign exchange gain (loss) on your 2017 securities transactions on your 2017 tax return even if you don't actually convert the foreign funds back to Canadian dollars, which may be the case if you trade U.S. stocks in a U.S. dollar, non-registered trading account.
Is this investment still considered U.S. dollars taxed by U.S. tax laws or are they considered under Canadian investments and must follow Canada's tax laws?
RBC Direct Investing recently became the first bank - owned brokerage to allow Canadians to hold US dollars in registered accounts, such as RRSPs and Tax - Free Savings accounts (TFSAs).
U.S. dollar proceeds, even if retained in U.S. cash, must still be determined in Canadian dollars on your tax return.
From a tracking perspective, you should always monitor your returns in Canadian dollars, because you have to for income tax purposes.
Resorts of the Canadian Rockies makes every effort to anticipate costs at time of travel, however, in the event of unanticipated increase in fuel costs or taxes or where there are changes in the Canadian Dollar or foreign currencies, RCR reserves the right to charge guests for a those increases.
Kayak trip Prices are shown in Canadian Dollars and do not include 5 % Sales Tax (GST)
Please note that all prices are in Canadian dollars and that 5 % Goods and Services Tax (GST) will be added to the price of each tour.
Rates are quoted in Canadian Dollars, taxes and gratuities are extra.
Their frequent flyer program, WestJet Rewards, offers members an easy redemption policy, with one - to - one parity ($ 1 WestJet dollar = $ 1 Canadian dollar) towards base fares on reward flights (taxes extra).