Monthly Archives: October 2015

Month: October 2015 Trans-Pacific Partnership Agreement Divides Auto Parts Industry

  As the auto parts sector awaits the appointment of a new trade minister, the industry is split over the Trans-Pacific Partnership, the trade deal that Canada signed and will soon have to ratify. Although the TPP, agreed to in principle on Oct. 5, mandates that tariffs on autos and auto parts be reduced to zero in all 12 member countries, the pace at which the tariffs are removed was negotiated separately. Where does the new Liberal government stand on auto? Trans-Pacific Partnership: Officials claim it’s a win for auto sector   Bad deal for some parts makers The full

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Month: October 2015 Title Insurance Limitations Buyers Need To Know

    It is important for home buyers to be aware of title insurance matters during transactions. It is helpful if real estate agents can point out issues that their clients need to investigate further. After all, the seller’s disclosures may affect their client’s title insurance coverage for future claims.   Here we clarify eight common misconceptions that consumers and real estate professionals may have about title insurance. 1. Title insurance only insures “clear title.” Policies typically cover defects, liens, or encumbrances on titles. But, depending on the form, they may also cover losses related to access, building permits, subdivision of

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Month: October 2015 House prices overvalued in 11 of Canada’s 15 biggest cities, CMHC says

  Canada’s national housing agency is warning of “problematic housing market conditions” in most of the country’s major housing markets. The Canada Mortgage and Housing Corporation said in its Housing Market Assessment report on Thursday that many housing markets are showing troubling signs in four criteria: Overheated home sales. Too many homes being built. Prices increasing too quickly. High prices. When all four factors are taken together, the agency singled out four cities for being particularly troubling: Saskatoon, Regina, Winnipeg and Toronto. Read the report “In Toronto, strong evidence of problematic conditions reflects a combination of price acceleration and overvaluation,” the CMHC said. “Strong evidence of

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Month: October 2015 Getting to Know these Real Estate Terms

  Home buyers may find it hard to understand some terms in the real estate business, making it difficult as well to appreciate some of the home’s features or understand conditions and details when it’s time to purchase. To avoid this, Realty Times came up with a rundown of these commonly misunderstood or confusing terms. 1.    Alley-loaded –   is a type of home where a  garage located in the rear of the home is accessed by a common alley. 2.    Appraised Value – it is the value assigned to a home by an appraiser based on several factors including similar homes in

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Month: October 2015 Inheritances are about love, money and greed

  Mark Goodfield has seen a lot interesting behaviour at the point where family dynamics and inheritances intersect over his 25 year accounting career that has often involved advice on wills and estate planning. Some of it is loving and kind, some of it . . . well, not so much. Goodfield started The Blunt Bean Counter blog five years ago and recently compiled its best posts into a book. Let’s Get Blunt About Your Financial Affairs andis available on Amazon.com; the posts are also available on his blog. He found readers were most interested in the things they found

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Month: October 2015 Imprimis drug compounder offers cheap version of Turing’s $750 pill

  Stepping into the furor over eye-popping price spikes for old generic medicines, a maker of compounded drugs will begin selling $1 US doses of Daraprim, whose price recently was jacked up to $750 US per pill by Turing Pharmaceuticals. San Diego-based Imprimis Pharmaceuticals Inc., which mixes approved drug ingredients to fill individual patient prescriptions, said Thursday it will supply capsules containing Daraprim’s active ingredients, pyrimethamine and leucovorin, for $99 US for a 100-capsule bottle, via its site: www.imprimiscares.com. The 3 ½-year-old drug compounding firm also plans to start making inexpensive versions of other generic drugs whose prices have skyrocketed, Chief Executive

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Month: October 2015 Beware phony CRA income tax owing calls

  Martin Zelikovitz received a call that shook him up. A man claiming to be from the Canada Revenue Agency said his tax return had been reviewed and he owed money. “He said that if I didn’t pay right away, he was coming to my house momentarily with armed police and was going to arrest me,” the Toronto real estate agent recalls. “I calmly told this person that if the CRA wanted to tell me something, it would contact me by letter. He went nuts and started yelling and screaming at me.” Threatening calls from phony tax collectors are hitting

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Month: October 2015 Seniors in private nursing homes may die within 6 months

  Seniors living in private nursing homes are more likely to die within six months of their stay than those living in non-profit facilities, a group of researchers has found. A recent study by the Institute for Clinical Evaluative Sciences (ICES) found that for-profit seniors’ homes have a 16 per cent higher death rate for seniors within six months of arrival, and that there is a 33 per cent greater likelihood that they’ll end up in hospital. “Those are not trivial numbers,” said Dr. Peter Tanuseputro, a researcher behind the study. “If there’s a way that we can get to

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Month: October 2015 Trudeau’s Campaign promises for the new Liberal government

  Justin Trudeau led the Liberal Party to a resounding victory on Monday, October 19, 2015 night, capping his 78-day campaign for “real change.” Throughout the marathon campaign, Trudeau pledged to boost the economy, help the middle class, and improve the way Canada’s government is run. Here’s what he promised along the way: Pocketbook issues Tax breaks for middle-class Canadians have been at the core of Trudeau’s promise to improve the economy. He promised to lower the federal income tax rate to 20.5 per cent on incomes between $44,700 and $89,401, and pay for it by raising taxes on the

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Month: October 2015 TSX, Canadian Dollar Rise After Canadian Federal Election

  The Toronto stock market and the loonie both ended the day higher as investors mulled Justin Trudeau’s majority win in the federal election. The S&P/TSX composite index was up 85 points at 13,842, while New York stocks turned in disappointing results. The loonie rose against the American greenback, up 0.24 of a cent to 77.06 cents US. The relatively modest movements on both indicators seem to point to a “ho-hum” reaction from investors, or perhaps a “wait and see.” The loonie dipped about 0.20 of a cent when the Liberals were declared the winners, but rebounded to be up by almost half a cent a midday

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