Collectors can encounter several common tax and financial issues, particularly with so-called “capital gains,” when drafting a will or planning an estate. While people can use certain methods to minimize some taxes, capital gains is typically the “biggest tax issue” for collectors, according to long-time Toronto collector and lawyer Ian Speers. Canada’s federally mandated tax laws require 50 per cent of a capital gain’s income to be taxed, but the rates at which gains are taxed varies by province. Continue reading →
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On the heels of an unprecedented pandemic-ridden year, the Royal Canadian Mint has shifted its so-called “areas of focus” from four business lines down to two – excluding numismatics.
The RCM has released 10 new issues, including a gold remake of one of Canada’s greatest numismatic rarities plus a silver dollar set marking the Bluenose centennial, as part of its May catalogue.
The Apprentis Numismates, a French-Canadian numismatic organization founded in 2001, has unveiled the fifth issue of its “Symboles du Québec” commemorative banknote series.