During times of economic turmoil, we often hear words like recession and depression thrown around. Over the next two weeks, we’ll look at both terms to see what they mean.
NSSC Blog: Before You Invest
Our review of stock purchasing and selling order types concludes this week with a look at stop orders.
When you make a trade, or your adviser makes a trade for you on your behalf, is there tax charged on that trade? By tax we mean HST in Nova Scotia, or GST in other parts of the country. The short answer is no, you do not pay HST or GST on individual trades of securities. However, work done by your adviser may have HST or GST applied to it.
One of our readers is interested in investing in equities. However, they are not sure how taxes work when investing in companies that are listed on a foreign market like the New York Stock exchange.
Developed by Fraser Smith in 2002, the Smith Maneuver is a legal tax strategy that makes interest on residential mortgages tax deductible. Please note, before reading further, this post is intended to be a description of the strategy and is not an endorsement of the Smith maneuver.
Today the Commission issued an investor alert warning Nova Scotian investors about an increase in Forex scams. The Commission has noticed an increase in Forex-related scams targeting Nova Scotians on social media, forums, online and print ads, and online sites like Kijiji.