Capital gains tax is usually a scary enough term by itself! The mere notion that half of your profit is taxed seems discouraging (it shouldn’t be). But one highly misunderstood advantage that Canadian residents have when it comes to their principal residence is what CRA refers to as the “election of subsection 45(2)” protects you from capital gain after you sell your property even if you have rented it for a few years. Lets’ dig into this more: Continue reading “Can you avoid paying capital gains tax after selling your principal residence even if you have rented it out? Yes, you can! Here’s how…”
It’s again that time of the year! RRSP Season (I think that’s what they call it). As someone unfamiliar with these terminologies (like an immigrant or someone who hasn’t had much savings anyway until recently), you might have been wondering what these actually mean? What are their differences and what one achieves with perhaps the highest anticipated savings accounts in Canada? Continue reading “RRSP vs. TFSA … which one should I use? A plain and simple guidline…”
I will be keeping this post very short. I was reading an OREA textbook and they gave examples of market corrections in the real estate sector (it certainly looks like they are not agreeing with the property market having a cycle though). One example that they gave for “Real Estate Market Correction” sounded awfully familiar to me (I don’t think Continue reading “Why I think Toronto’s condo market might be heading towards a correction – a piece from OREA’s textbook”
Toronto saw a 37% increase in its inventory from last year, and TREB’s benchmark home price index has fallen 8.8% since May 2017 making it the largest six-month decline in its history that goes back to as early as 2000. So how much further will this “correction” go?
Read more here.
It’s a no-brainer. When it comes to value-investing, nothing beats Warren Buffett and his mentor Ben Graham (you might want to read the bible of value-investing by him called The Intelligent Investor). He has accumulated his wealth by closely following this mindset and ended up being the world’s richest man for a few years (he is a super interesting person and HBO has a very interesting documentary on him called “Becoming Warren Buffett”). Basically, value-investing is the opposite of whatever you see in the news and the mainstream media (yes, you can say he’s a contrarian – in a way – but that’s because he has a different perception for everything that happens to everyone on a daily basis). It’s like when you open any music channel and it plays Justin Bieber; eventually, you’ll start thinking that his stuff is cool (and worth a Grammy) since you have not bothered looking at other alternatives outside of the mainstream media. But if you search (i.e. study) enough, you’ll soon be questioning a lot of stuff!
When it comes to companies that are quietly dominating their industries in the world, there are a few that stand out like Marriott International. For starters, did you know that they operate over 1.2 million rooms around the world (as of September 2016)? Now that’s something to think about the next time you were nagging about how hard it is to manage your Airbnb room!
I just came across an awesome article that, in my opinion, tackled this question in the absolute best possible way. Koodos to Ryan Thurston, who made these calculations available to everyone on Quora. I would strongly recommend everyone to take a few minutes and read this brilliant reply to this question here.
Donald Trump refers to himself as “a genius” when it comes to his initial decision to launch Toronto’s Trump Tower back in 2002. At the time, it was supposed to become Toronto’s tallest residential tower. But a lot happened between 2002 and 2016, the 14 years that took the team(s) that were involved in this project to complete the tower which was at last taken over by JCF Capital which eventually sold the hotel to InnVest which is a major Canadian hotel operator. The condos are back on the market under the St. Regis brand which itself is a division of the Marriott International.
I would encourage everyone to read this awesome article by the Toronto Star and Columbia Journalism Investigations.
This is a question that pops up a lot in the social media these days. Millenials all seem to be rushing to “retire” as soon as they could, or at least, the idea of an early retirement is something that is soothing to the mind. But what is an actual PRACTICAL way of approaching this? I’ll look at the best alternative (from my point of view)… Continue reading “Early Retirement – How much money do I need to save before I retire “safely”? And “The Rule of 25””
As an attempt to limit physical manipulations of the currency market, Iran will be introducing its first foreign currency exchange-traded fund (ETF) next week. While we still do not know what currencies will be dominating this ETF, the two main currencies that are the most common in Iran are USD and EUR and it is expected that the mentioned ETF to hold a significant portion of its portfolio tied to these two currencies. We could also expect other commonly traded currencies like the Chinese Yuan, Korean Won, Indian Rupee or even Russian Ruble to have some presence in this ETF.
For more in-depth look, please read this article.