Skip to main content

Featured

Navigating Personal Finance in 2025: Key Changes to Capital Gains and Tax Brackets

As we step into 2025, several significant changes are set to impact personal finance, particularly in the areas of capital gains and tax brackets. These adjustments are designed to adapt to economic conditions and provide better financial planning opportunities for individuals. Capital Gains Tax Adjustments One of the most notable changes is the adjustment to capital gains tax. Starting in 2025, a higher tax rate will be applied to capital gains exceeding $250,000. This means that individuals selling assets with substantial gains may need to reconsider their timing and strategy to minimize tax liabilities. For example, spreading the sale of assets over multiple years could be a more tax-efficient approach. Changes to Tax Brackets Inflation adjustments are also on the horizon for tax brackets. To prevent inflation from pushing taxpayers into higher brackets, the income thresholds for each tax bracket will increase by 2.7%. For instance, the federal tax rate for earnings up to $57,375 wi...
Post a Comment
Read more
Labels

Stock Market Summary on August 10, 2023



Canadian Stock Market Summary

The Canadian stock market ended the day with modest gains on Tuesday, August 10, 2023, as energy and health care stocks led the advance. The S&P/TSX Composite Index rose 0.343% to 20,275.27, while the S&P/TSX Venture Composite Index gained 0.676% to 603.55.


US Stock Market Summary

The US stock market closed mixed on Tuesday, August 10, 2023, as investors weighed inflation data and earnings reports. The Consumer Price Index (CPI) rose 0.5% in July, slightly below expectations, but still the highest annual rate in 13 years. The core CPI, which excludes food and energy, rose 0.3%, also below forecasts. The Dow Jones Industrial Average rose 0.46% to 35,264.67, while the S&P 500 edged up 0.1% to 4,436.75. The Nasdaq Composite fell 0.49% to 14,788.09, dragged down by technology stocks

Labels:

Comments

Post a Comment

Popular Posts