Category: Tax News

How e-commerce upswing is disrupting REITs

How e-commerce upswing is disrupting REITs For nearly 20 years, strong demand for office properties in major city centres around the world has driven a lot of the total returns in the REIT space, “at least for the period up until the Great Recession,” says portfolio manager Chip McKinley. Listen to the full podcast on AdvisorToGo.

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Category: Tax News

Tax-News.com: Australia Says TPP11 Deal 90 Percent Complete

Tax-News.com: Australia Says TPP11 Deal 90 Percent Complete by Mary Swire, Tax-News.com, Hong Kong 14 November 2017 Australian Trade Minister Steven Ciobo has said that there are “the very strong core elements of a deal” on a new Trans-Pacific Partnership (TPP) that does not involve the US. In an interview with ABC, Ciobo described the

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Category: Tax News

Travel like a pro in your client’s private plane

Travel like a pro in your client’s private plane Travelling by private jet is—literally—the height of luxury. A private aircraft lets flyers control their own time (and take full-sized toothpaste tubes in their carry-ons). “You can leave when you want. You have access to more remote locations. You can fit in multiple stops in a

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Category: Tax News

Tax-News.com: Canada Announces Cannabis Tax Plans

Tax-News.com: Canada Announces Cannabis Tax Plans by Mike Godfrey, Tax-News.com, Washington 13 November 2017 The Canadian Government has launched a consultation on a proposed excise duty framework for cannabis products. In April, the Government introduced legislation to legalize, regulate, and restrict access to cannabis. The accompanying federal excise duty framework is intended to be in

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Category: Tax News

How to increase returns by 1.5%

How to increase returns by 1.5% At the end of 2015, the S&P 500 had a 20-year annualized return of 8.2%. In contrast, actual investor return was 4.7%, reveals research from Dalbar Inc. Why the 3.5% difference? Some can be attributed to a lack of cash or a need to remove capital from the market

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Category: Tax News

What to look for in the week ahead

What to look for in the week ahead Get ready for a U.S. tax policy showdown, as well as a Canadian inflation report card, says Scotiabank’s Derek Holt in his latest week ahead report. Holt, who’s vice-president and head of capital markets economics for Scotiabank, offers the following tips and commentary in his global recap of what’s

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Category: Tax News

Why BMO Life Assurance’s credit ratings are stable

Why BMO Life Assurance’s credit ratings are stable A.M. Best says its credit ratings for BMO Life Assurance Company (BMOLAC) are stable. In a release, the insurance rating agency says BMOLAC has an excellent financial strength rating and a long-term issuer credit rating of “a.” BMOLAC underwrites a full suite of individual life insurance products, including term

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Category: Tax News

After breach and profit slump, Equifax execs losing bonuses

After breach and profit slump, Equifax execs losing bonuses A day after posting sizeable profit declines due to a massive data breach, Equifax says it expects to incur related costs of between $60 million to $75 billion in the current quarter. The Atlanta-based company reported a 27% slump in third-quarter profit, largely due to a

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Category: Tax News

Marijuana tax proposal out for comment

Marijuana tax proposal out for comment Those who plan to purchase legal marijuana next year will also be paying the taxman — to the tune of at least $1 for every gram, plus GST. The proposed federal tax scheme, announced Friday, will be available for public comment until Dec. 7, 2017, as Canada prepares to legalize the

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Category: Tax News

More women on boards is ‘high priority’ for CPPIB

More women on boards is ‘high priority’ for CPPIB Canada’s largest retirement fund manager is pushing to have more women on corporate boards because diversity makes for better business decisions, CPPIB chief executive Mark Machin said Friday. “This is a high priority for us,” Machin said in an interview after Canada Pension Plan Investment Board

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