Apple Hits $600 Billion, Canadians Don’t Know How Investments Are Taxed, Business Optimism High In Canada

April 15th, 2012 Posted in Uncategorized|Off Topic

What’s Happening – Weekend Edition: Sunday, April 15, 2012

Canadians Don’t Know How Investments Are Taxed – A recent BMO Nesbit Burns survey finds that most of the Canadians don’t know how investment taxes work. The survey shows:

Respondents don’t know capital gains are taxed = 58%

Respondents don’t know how dividend income is taxed = 63%

Respondents prepare own tax returns = 42%

Respondents hire a tax professional = 38%

Respondents go to a friend or family member = 18%

Housing Starts Strong in CanadaCanada‘s March, 2012 housing starts rose 5.0%. Ontario showed the highest growth (30.3%).  British Columbia observed the lowest declines (-27.7%). 

Business Optimism High In Canada – Bank of Canada’s Business Outlook Survey points out that Canadian business are optimistic about increased future sales, investment, and hiring – in general about the overall Canadian economy . The full report can be obtained on the Bank of Canada website.

Apple Hits $600 Billion – The world’s most valuable company, Apple, reached $600 billion on Tuesday, April 10, 2012. In the past, Microsoft reached $619 billion on December 30, 1999 and General Electric came close to $600 billion in August 2000.

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