Tag: Business Consultant

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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…

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…”

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RRSP vs. TFSA … which one should I use? A plain and simple guidline…

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…”

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Early Retirement – How much money do I need to save before I retire “safely”? And “The Rule of 25”

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””

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Iran’s first foreign currency ETF is set to launch next week

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.

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