Feds propose anti-flipping tax to cool housing prices
Profits on sale of residential property held for less than 12 months would be taxed as business income
- By: Rudy Mezzetta
- April 7, 2022 April 8, 2022
- 19:56
Profits on sale of residential property held for less than 12 months would be taxed as business income
The government plans to consult on how to allow "genuine" intergenerational share transfers
The measure would target those among the top 0.5% not paying their “fair share” of taxes
The accounts will have a $40,000 lifetime limit on contributions and an annual contribution limit of $8,000
To pay for some of the spending, the government is rolling out a tax on excess profits at banks and lifecos
Underwriting fees drop, but completed M&A revenues rise
Dave McKay responded to criticism about the bank's climate strategy
In a speech on Thursday, the U.S. Treasury Secretary also advocated for maintaining the dollar's prominence
Proposed regime would apply to prospectuses and financials but not proxies
Investor concerns surfaced in recent weeks after U.S. yield curve inversions
The firm's U.S. assets are expected to reach US$133 billion on closing of recent deals
A broad range of appointments were made
The S&P/TSX composite index climbed 244.33 points to 32,000.10
After a record-breaking year for new product launches, old-fashioned strategies are still a solid choice for portfolios
Officials are preparing for a review of the Canada-U.S.-Mexico trade agreement in 2026
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Plus, a new TD partnership, and Toronto fintech becomes dark pool partner
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record