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5 Things to Know Today: Tech Earnings, Mortgage Rates, and the Tariff Countdown

  Thursday, July 30, 2026 Wall Street is still shaking off its worst session since April, oil is climbing again after an overnight missile strike, and two of the world's biggest companies report earnings tonight. Here's what matters for your wallet today. 1. Apple and Amazon report tonight — and your tech-heavy RRSP is watching Apple and Amazon both release earnings after today's closing bell, capping a brutal week for Big Tech results. Microsoft jumped after hours Wednesday on a strong revenue outlook, while Meta slid after its own sales forecast came in below what Wall Street wanted. Analysts expect Apple to post around US$1.89 a share and Amazon roughly US$1.82, with investors watching iPhone demand, AWS cloud growth, and — as with every megacap this earnings season — how much each company is committing to AI infrastructure spending. What it means for you: If your RRSP, TFSA, or workplace pension holds S&P 500 index funds, you almost certainly own both stocks. A big...
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The alternative minimum tax


 

The alternative minimum tax (AMT) is a secondary way for Canadians to calculate their income tax. It is often applicable when you have claimed a preferential tax deduction or credit, such as capital gains, dividend, or employee stock options.

Each year, your tax owing is calculated under the normal method, which considers the preferential tax credits and deductions. This number is then compared to a second calculation where you don’t receive these same credits and deductions, but your tax is calculated at a lower tax rate. For most instances, the normal calculation will result in more tax owing. When the second calculation results in a higher amount owing, you will pay this higher amount. The difference between the regular tax owing and the second calculation is the AMT. When you are subject to the AMT, this should be viewed as a prepayment of future tax. Over the next seven years, you can recover this amount paid against your regular income tax. In order to recover this AMT in the future, you would have to be taxable in future years, thus if you do not have taxable income in these years, this AMT will be lost.

I hope this helps!

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