Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Navigating Uncertainty: Capital Gains Tax Changes Leave Taxpayers in a Bind

The recent prorogation of Parliament by Prime Minister Justin Trudeau has thrown taxpayers into a state of uncertainty regarding capital gains tax. The Canada Revenue Agency (CRA) continues to enforce the proposed changes, which increase the inclusion rate from 50% to 66.67% for gains over $250,000, despite the legislation not being formally enacted. This leaves taxpayers with two unappealing options: file based on the proposed legislation and potentially overpay, or file based on the previous rules and risk future penalties.

The CRA's decision to uphold the proposed changes, citing consistency and fairness, has frustrated many who made financial decisions based on the anticipated tax hike. With the future of the legislation uncertain, taxpayers are left scrambling to decide the best course of action.

This situation highlights the need for clear and timely legislative processes to avoid such dilemmas in the future. Until then, taxpayers must navigate these murky waters with caution and seek professional advice to mitigate potential risks.






Labels:

Comments

Post a Comment