The Peak

Wondering how to get your #tax strategy in shape before the year ends? In today’s edition of Peak Money, our bi-weekly #personalfinance newsletter, Jamie Golombek, Managing Director of Tax & Estate Planning at CIBC, shares three key tax strategies you can implement before the calendar flips: 1. Tax-gain selling As of June 25, 2024, the capital gain inclusion rate was increased to 66.67% for gains over $250,000 annually. You may therefore wish to crystalize up to $250,000 of capital gains before year-end, to take advantage of the lower 50% inclusion rate. Crystallization for publicly traded shares is as easy as selling the position on the open market and immediately buying it back. 2. Tax-loss selling Tax-loss selling involves selling investments in non-registered accounts with accrued losses at year-end to offset capital gains realized elsewhere in your portfolio. Any net capital losses that cannot be used currently may either be carried back three years or carried forward indefinitely to offset net capital gains in other years. 3. Open a first home savings account (FHSA) Finally, if you’re a first-time home buyer (no home in the current year or previous four calendar years), consider opening up an FHSA, which allows you to save on a tax-free basis towards the purchase of a home. You can contribute $8,000 per year to an FHSA, plus any carryforward available from the previous year (up to another $8,000), and up to $40,000 during your lifetime. This answer has been cut down for length. Read the full answer here: https://lnkd.in/eNYmWagh. For more expert insights and tax strategies, be sure to subscribe to Peak Money here: https://lnkd.in/eBc-QAQ7. Meera Raman

A huge thank you to everyone who came out to The Peak's Bet on Canada Summit in Toronto last week at the MaRS Discovery District. We've put together some highlights from the event, including an interview with our CEO and co-founder Brett Chang. We can't wait to see you next year! William (Will) Fraser Taylor Scollon Alex Blumenstein Quinn Henderson Josh Kolm Meera Raman Adriana Sgromo Eileen Nugraha Katie Schiefer Tasvi Hoque Featuring: Navita Singh (United Way Greater Toronto) Patrice Oliveira (Council of Canadian Innovators | Conseil canadien des innovateurs) Sarah Bartnicka (The Peak) Shot and edited by: Lucas Arender

In this week’s episode of Money Matters, Meera Raman unpacks the rise of “finfluencing” and how to validate the information you find on the internet. She sat down with former BNN Bloomberg anchor Jon Erlichman to talk about his move to YouTube and new partnership with Global X Canada, NerdWallet's Lead Writer Shannon Terrell, and up-and-coming finfluencer Sanaa Kahloan. Listen on Spotify: https://lnkd.in/e5DNVWsi Listen on Apple: https://lnkd.in/ekgimt6z

It is almost here! Don't miss out! We are only days away from Bet On Canada Toronto, but it is not too late to snag one of our last tickets! Our halloween sale is still on till midnight so if you want to get one of our last passes half off then all you need to do is enter "BOCTreat" at checkout! Wondering what to expect at the summit? You can look forward to- ▪ Connection: Meet and network with experts across fields. ▪ Learning: Kick your career up a notch with exclusive panels and talks. ▪ Insight: Leverage industry predictions, tools, and strategies for 2025. Do not miss out on this years summit, get your tickets here!

Wondering if you should get your ticket to Bet On Canada? Maybe hearing from Alwar Pillai, the founder and CEO of Fable, will convince you! In a one on one chat, we will hear all about her story and why she wants to change the way we build products! Get your tickets here: https://lnkd.in/gkdZvf58 #BetOnCanada #TorontoEvents

Money Matters by The Peak is climbing up the Spotify charts! 🚀 Join host Meera Raman for this week's episode: Do Budgeting Apps Put Your Financial Data At Risk? Featuring Maryam Khoshyomn from RBC, Sandra Fry from the Credit Counselling Society and Robert Falzon from Check Point Software. In just 10 minutes, you can learn how to keep your information safe. Spotify: https://lnkd.in/eNT-bspv Apple: https://lnkd.in/eT7Ebkdt #PersonalFinance #Budgeting Sarah Bartnicka Quinn Henderson Lucas Arender Brett Chang Taylor Scollon Alex Blumenstein Katie Schiefer

We’re thrilled to announce that Shubham Datta, of Clio - Cloud-Based Legal Technology will be delivering a keynote at the upcoming Bet On Canada conference on November 5th! 🎤 Join us as Shubham shares his insights on the evolving landscape of business in Canada. With his extensive experience and innovative perspectives, he’s set to inspire and inform attendees! Don’t miss this opportunity to learn from one of the leading voices in the field. Whether you're a seasoned professional or just starting out, Shubham's session is sure to provide valuable takeaways and spark engaging discussions. Stay tuned for more updates, and we look forward to seeing you there! 🥳✨ #BetOnCanada #KeynoteSpeaker #torontoevents

We are coming up on the Bet On Canada Summit, and we excited to share another amazing speaker! Sabrina Geremia is the VP & Country Manager of Google Canada, and is bringing her years of expertise to our main stage! Join us on November 5th to hear her insights on what you need to know to succeed in Canadian business! Get your tickets now: https://lnkd.in/gkdZvf58 Let’s shape the future of Canadian business together! #BetOnCanada #TorontoEvents

🌟Exciting News!🌟 Join us at the Bet On Canada Summit in Toronto! Don’t miss the chance to hear from industry leaders, including a fireside chat with Othership CEO Robbie Bent. His insights on innovation in the Canadian business landscape are not to be missed! 📅 Date: November 5th 📍 Location: Mars Discovery District 🎟 Get your tickets now: https://lnkd.in/gkdZvf58 Let’s shape the future of Canadian business together! #BetOnCanada #TorontoEvents

Think your company is the best in the biz? Prove it! We’re inviting passionate professionals from across Canada to pitch why their company stands out at the Bet On Canada Summit. This is your chance to showcase your...could be yours! Apply here: https://lnkd.in/g-W-P8Uy #BetOnCanada #BestWorkplace #InnovationNation #CompanyCulture #PitchYourCompany #BetOnCanadaToronto