Comments for MoneySense

Comment on What kids and teens will learn from Ontario’s expanded financial literacy education by James Rankin

James Rankin — Wed, 14 Aug 2024 01:53:01 +0000

I recall that one of the obstacles to getting this curriculum off the ground was the desire to avoid any kind of bias from participating financial institutions (like Desjardins and VISA) so it’s a bit disappointing that the curriculum is relying on the very pitfalls they claimed they desired to avoid.

I hope this does not jeopardize the natural evolution and future development of the various academic programs.

Otherwise, I’m pleased they are making these changes.

Comment on Capital gains tax in Canada, explained by Blair Rogerson

Blair Rogerson — Tue, 13 Aug 2024 16:39:24 +0000

Could you explain the rules pertaining to capital gains on an American LP (such as ET) registered & non-registered accounts.
I’ve heard there are additional withholding taxes on s LP vs regular US stock ?
Thanks

Comment on Reducing capital gains on a cottage by KL Murphy

KL Murphy — Tue, 13 Aug 2024 16:10:44 +0000

My widowed mother in law is the sole owner of her cottage. She will not be claiming it as a principal residence due to other considerations.
In terms of lowering the capital gains via improvements or renovations, what if the cottage has to be 100% rebuilt (i.e. became too decrepit to salvage)?

If the value appreciated by, say, $300k over the last 30 years and will be completely rebuilt at a cost of $400k does that simply wipe out the capital gain? Therefore when it is conveyed to my wife when my mother in law passes away the tax implications are minimal (assuming there is minimal appreciation in value after the rebuild).

Comment on Best robo-advisors in Canada for 2024 by Sara Josh

Sara Josh — Tue, 13 Aug 2024 10:12:44 +0000

I’m looking to understand more about the robo-advisors listed on your site. Could you provide details on the criteria used for evaluating these services? How frequently do you update your reviews? Are there specific features you consider most important for investors? Can you explain how you assess the performance of these platforms? Do you offer any personalized recommendations or additional resources for new investors? Is there an option to discuss my personal financial situation with a specialist?

Comment on 25 timeless personal finance tips from MoneySense by Christine Aben

Christine Aben — Sun, 11 Aug 2024 15:07:49 +0000

Congratulations, MoneySense! You have been my go to since the days of your paper magazine, and have been an invaluable resource!

Comment on Best robo-advisors in Canada for 2024 by Judy G. Roundtree

Judy G. Roundtree — Sun, 11 Aug 2024 13:33:29 +0000

need info

Comment on What is the Canada Carbon Rebate? Plus, dates and amounts for 2024 rebates by RedTed

RedTed — Sat, 10 Aug 2024 09:03:41 +0000

Totalitarian nightmare. Pure evil. Canada is a western experiment ground rooted in nightmares and psychotic communist ideology by pushed and propagated by powerful, incompetent narcissists.

Comment on Cenovus Energy reports earnings for Q3, reaches debt reduction target by Potvin, Jean

Potvin, Jean — Sat, 10 Aug 2024 03:43:38 +0000

Well, Cenovus or otherwise…They produce Greenhouse gas anyways. But on the East side of things (Ontario & East) we need that gas to operate businesesd A Catch-22 !

Comment on How it works: Capital gains tax on the sale of a property by Jory streblow

Jory streblow — Sat, 10 Aug 2024 01:34:38 +0000

What if 3 family members bought a piece of property together and spent a bunch of money developing the land lots of which was in sweat equity. Cutting trees, installing sewage lines building a permanent building, etc. Can the developing costs and sweat equity be removed from the profit to lower the amount of profit and this capital gains?