Sure News™
What’s taxable under the HST and what’s not
Ontario Government
Wealth Management
As you know the new HST will become effective in Ontario on July 1, 2010. The HST tax will effectively combine the Provincial Sales Tax of 8% with the Federal GST Tax of 5%, to create a new “harmonized” total tax of 13%.
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Why Warren Buffett is optimistic
Bloomberg
Wealth Management
I'm writing to share some thoughts on today's economic outlook, looking beyond the headlines and to bring you up to speed on stock markets.
First a short summary of stock market performance in 2010 to date:
Markets in the last three months saw a continuation of the roller-coaster like turbulence of the past couple of years:
After a strong first quarter and a big pullback in the second quarter, July saw a strong recovery in global markets.
This was followed by weak performance in August. ... and September (historically a troublesome month for markets) actually saw a nice bounce back.
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2011 : Looking Forward
Wealth Management
Wealth Management
The last month of 2010 saw the US markets (S&P 500) return to 2008 levels, bringing the index back up to pre-crisis levels. Despite the continued weakness of the US housing market, corporate balance sheets and CEO confidence remain strong. US Government stimulus, such as QE2, the extension of Bush-era tax cuts and sound Canadian policies have provided support for the North American recovery.
Outlook for 2011 ranges from cautious optimism to somewhat bullish. In “Reasons to be both Bullish and Bearish in 2011,” the Globe explains that improving economic signals, supportive policies and healthy corporations need to be weighed against a weak US housing sector, bond risk and state/local cutbacks.
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OAS change pushes savings burden back to Canadians
Globe and Mail Blog - Kevin Milligan
Wealth Management
Posted on Friday, March 30, 2012 8:53AM EDT
Kevin Milligan is Associate Professor of Economics at the University of British Columbia
The federal budget carried through on the Prime Minister’s musings months-ago in Davos by proposing important changes to the Old Age Security program. What do these changes to OAS mean, are they really necessary, and who will bear the burden?
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Market Overview
DiBrina Sure Wealth Management
Wealth Management
The past year has seen the markets remain relatively volatile with the Toronto Stock Exchange up a modest 3.6% since January while the US (S&P500) has experienced 11% gains since the start of the year (most of the gains taking place since June).
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