[ad_1] The basics: U.S. estate tax for non-residents The U.S. imposes estate taxes on the worldwide estates of its citizens and residents. However, as a Canadian with no U.S. assets, you might initially assume that U.S. estate taxes do not apply to you. The catch here is that since your daughter is a U.S. permanent […]
[ad_1] The credit lets home owners claim 15% of the renovation cost up to a maximum of $50,000, potentially allowing them to subtract as much as $7,500 from their income tax. However, the mother-in-law suite must be self-contained. “It has to have its own entrance, its own kitchen, bathroom, sleeping area,” noted Cestnick. “You can’t […]
[ad_1] What is a bare trust? The Income Tax Act does not specifically define a bare trust, Chander. The Canada Revenue Agency (CRA) says: “A bare trust for income tax purposes is a trust arrangement under which the trustee can reasonably be considered to act as agent for all the beneficiaries under the trust with […]
[ad_1] When you give cash or assets to a family member to invest, there may be attribution of that income back to you. Attribution causes income to be taxed on the original taxpayer’s income tax return. Attribution applies: Between spouses. So, if a high-income spouse gives money to their low-income spouse to invest, with the […]
[ad_1] Investors bought up shares of Etsy Inc. on Thursday after the online crafts marketplace added to its board of directors a partner of hedge fund Elliott Investment Management L.P., which recently acquired a “sizable” stake in the company. Etsy ETSY, +9.31% said Marc Steinberg, who is responsible for public- and private-equity investments at Elliott, […]
[ad_1] JetBlue Airways Corp. and Spirit Airlines Inc. said late Friday that they have appealed a court ruling that earlier this week blocked their planned merger. JetBlue JBLU, -1.19% and Spirit SAVE, +17.19% announced the appeal in a terse press release that provided no more details, adding only that the process is “consistent with the […]
[ad_1] Distressed-debt giant Oaktree Capital sees big opportunities in credit unfolding over the next few years as a wall of debt comes due. Oaktree’s incoming co-chief executives Armen Panossian, head of performing credit, and Bob O’Leary, portfolio manager for global opportunities, see a roughly $13 trillion market that will be ripe for the picking. Within […]
[ad_1] TOKYO (AP) — Asian shares slid Wednesday after a decline overnight on Wall Street and disappointing China growth data, while Tokyo’s main benchmark momentarily hit another 30-year high. Japan’s benchmark Nikkei 225 NIY00, -0.95% reached a session high of 36,239.22, but reverted lower, last down 0.3% to 35,477. The Nikkei has been hitting new […]
[ad_1] The Securities and Exchange Commission on Friday said that a social-media post on X falsely stating that it had approved spot bitcoin exchange-traded funds was created after an “unauthorized party” obtained control over the phone number connected with the agency’s account on the platform. The markets regulator said its staff would “continue to assess […]
[ad_1] After long-awaited spot bitcoin exchange-traded funds made their debut this week, investors are now weighing the prospects of eventual approval of similar ether ETFs. The U.S. Securities and Exchange Commission on Wednesday greenlighted 11 spot bitcoin BTCUSD, -1.58% ETFs for the first time. The products, which made its debut trading on Thursday, logged a […]
[ad_1] Updated Jan. 11, 2024 3:06 pm ET Bitcoin’s trip to Main Street just took a detour. Vanguard said Thursday it won’t offer the new spot bitcoin exchange-traded funds on its brokerage platform. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 [ad_2] Source link
[ad_1] On Wednesday, the U.S. Securities and Exchange Commission for the first time greenlighted several exchange-traded funds investing directly in bitcoin. But the 24 hours leading up to that approval were chaotic, to say the least. The SEC approved the launch of 11 bitcoin BTCUSD, +0.09% ETFs, according to a filing posted on the regulatory […]
[ad_1] Updated Jan. 10, 2024 5:56 pm ET The U.S. Securities and Exchange Commission voted Wednesday to allow mainstream investors to buy and sell bitcoin as easily as stocks and mutual funds, a decision hailed by the industry as a game changer. The SEC decision clears the way for the first U.S. exchange-traded funds that […]
[ad_1] Shares of Medical Properties Trust plummeted after the real estate investment trust said it is ramping up efforts to recover uncollected rent and outstanding loans from its largest tenant. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
[ad_1] The traditional portfolio of stocks and bonds has been on a tear over the past two months as the S&P 500 nears a record high, but it’s the big gains in fixed income that stand out, according to Bespoke Investment Group. Fixed-income assets are typically the “insurance” part of the classic 60-40 portfolio, usually […]
[ad_1] Yields on 3-month BX:TMUBMUSD03M and 6-month BX:TMUBMUSD06M Treasury bills have been seeing yields north of 5% since March when Silicon Valley Bank’s collapse ignited fears of a broader instability in the U.S. banking sector from rapid-fire Fed rate hikes. Six months later, the Fed, in its final meeting of the year, opted to keep […]
[ad_1] The stocks of long-neglected small companies are finally showing signs of life as the market rally broadens. But these tiny companies still remain vastly undervalued. So, they are one of the best buys in the stock market right now. Small- and medium-cap companies, or smidcaps, have not been this cheap since the Great Financial […]
[ad_1] What is Estate Administration Tax in Ontario? Estate Administration Tax, commonly known as probate fees, is a mandatory tax imposed by the Ontario provincial government. It is placed on the estate of a deceased individual and is calculated based on the fair market value of the deceased’s estate, including all assets, property and investments […]
[ad_1] First, it bears mentioning that wills typically provide discretion to the trustees to sell, call in or convert into cash any part of an estate in their absolute discretion. The trustees may also have the ability to postpone a sale if they think it’s best. For example, that could be the case if market […]
[ad_1] China’s Colossal Hidden-Debt Problem Is Coming to a Head [ad_2] Source link
