Finance Minister Jim Flaherty says the federal government will not pursue its current plan to create a national securities regulator after the Supreme Court of Canada said that doing so would be “not valid” under the Constitution. “We have the decision and we will respect it,” Flaherty said in a short statement following the decision [...]
About Perrii
Perrii Muthuraman is the Editor of Dreams & Money. He is passionate about spreading financial knowledge to people and helping them reach their dreams. He can be contacted by phone at (416) 473-6100 or through email at perrii@dreamsandmoney.com
Tough Economic Times in 2012 warns Prime Minister
Canadians could be in for some tough economic times in 2012, Prime Minister Stephen Harper warned in a year-end interview with CTV “We have some major challenges in front of us,” said Prime Minister, “There’s going to be a whole range of areas where this government’s going to be taking issues over the next year [...]
TORONTO – GROWING SKYLINE BECOMING A CAUSE FOR CONCERN
The condo boom witnessed over the past four to five years has been a nationwide story, affecting nearly every urban centre on our short list. Nowhere is the more visible and apparent than within the Greater Toronto Area (GTA). A few years ago, condo development was discussed among local authorities and concerns focused on land [...]
CRA INTEREST RATES
From Jan. 1 to March 31, 2012, the Canada Revenue Agency (CRA) will charge you 5% interest on overdue taxes, Canada Pension Plan contributions and Employment Insurance premiums. Interest on overpayments owed by the CRA to corporate taxpayers will be 1% and to non-corporate taxpayers 3%. To calculate taxable benefits for employees and shareholders from [...]
Financial surprises of 2011
In every year, there are a host of surprises that come along like earthquakes: They are nearly impossible to predict. Who would have thought that Congress would be at loggerheads over raising its debt ceiling or that Standard & Poor’s would cut the credit rating on U.S. Treasuries? On top of that, who would have [...]
“the Rising Level Of Household Debt And High House Prices Pose Risks To The Nation’s Economy” – International Monetary Fund
“Adverse macroeconomic shocks, such as a faltering global environment and declining commodity prices, could result in significant job losses, tighter lending standards, and declines in house prices, triggering a protracted period of weak private consumption as households reduce their debt” This is IMF’s assessment of the country’s economy. House prices in some regions are “above [...]
REAL ESTATE ONE LINERS
The sellers told me their house was near the water. It was in the basement. I have a temporary mortgage. What do you mean temporary? Until they foreclose. Realtor: first you folks tell me what you can afford, then we’ll have a good laugh and go on from there. The dream of the older generation [...]
GTA Market Watch : Two market tightness indicators
December 19, 2011 — TREB has reposted The November 2011 edition of the Market Watch with two new market indicators. The “All Home Types” tables now contain two market tightness indicators: Sales-to-New Listings Ratio (SNLR) and Months of Inventory (Mos. Inv.). In order to smooth out month to month fluctuations, which can be quite volatile, [...]
Will TSX End The Year Where It Started?
TSX Trend Dec 9, 2011 to Dec 23, 2011 TSX Trend Jan1, 2011 to Dec 23, 2011 The Toronto stock market moved higher as investors’ appeared to focus on data that lifted their spirits about the U.S. economy on the last day of trading before a holiday break. Statistics Canada data indicated that Canada’s economy [...]
A BOX OF KISSES
Some time ago, a man punished his 3-year-old daughter for wasting a roll of gold wrapping paper. Money was tight and he became infuriated when the child tried to decorate a box to put under the Christmas tree. Nevertheless, the little girl brought the gift to her father the next morning and said, “This is [...]
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