Humi Rahimi

Out here taking baby steps from one dimension to another. views are my own.

[Humi Rahimi @HumiRahimi]

“Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart” - Steve Jobs

[Humi Rahimi @HumiRahimi]

@MrBeast 139,080

[Humi Rahimi @HumiRahimi]

Rates are the same there has been no increase or decrease to the rate. The Bank of Canada has decided to hold its current prime rate.

Weather is high of 11 and low of 6 today.

Rainfall warning in effect till Sunday.

15 days left till Christmas.

[Humi Rahimi @HumiRahimi]

Late night thoughts:

Extremely grateful to be able to experience this thing called life. Grateful 🙏🏼

[Humi Rahimi @HumiRahimi]

This has felt like the longest January in the history of January’s

[Humi Rahimi @HumiRahimi]

BREAKING: The Bank of Canada just cut interest rates by 25 basis points—again. That’s six times in a row now.

Why? The economy is slowing down, inflation isn’t going away, and Trump’s proposed 25% tariffs could hit us hard.

Next few months will be interesting to say the least.

[Humi Rahimi @HumiRahimi]

Last few days were a test run. The real start to 2025 begins tomorrow.

[Humi Rahimi @HumiRahimi]

2025 Bank of Canada Annocument Dates:

•Wednesday, January 29
•Wednesday, March 12
•Wednesday, April 16
•Wednesday, June 4
•Wednesday, July 30
•Wednesday, September 17
•Wednesday, October 29
•Wednesday, December 10

[Humi Rahimi @HumiRahimi]

Merry Xmas to everyone except Trudeau & Netanyahu.

[Humi Rahimi @HumiRahimi]

The Bank of Canada announced a 0.50% rate cut today, lowering prime from 5.95% to 5.45%. This means a $32/month saving per $100K for variable mortgage holders.

For example, with a discount of prime - 0.50%, your new rate is 4.95%. Great news for borrowers!

[Humi Rahimi @HumiRahimi]

Goodnight Reminder:

6 Saturdays until Christmas.

[Humi Rahimi @HumiRahimi]

@eqmortgages Absolutely incredible

[Humi Rahimi @HumiRahimi]

Bank of Canada has just reduced their rates by 0.25%.

This will affect all of your variable products as well as home equity line of credit rates immediately.

Getting closer to the end of the tunnel? Let’s see what happens and what this does to the market.

[Humi Rahimi @HumiRahimi]

Goodnight Reminder:

Nothing you learn is useless. The dots connect one day.

[Humi Rahimi @HumiRahimi]

Also included:

Budget 2024 proposes a "right to disconnect" for some Canadian workers, enabling them to ignore after-hours calls, texts, or emails for a healthier work-life balance.

https://t.co/nTdqqhpiMQ

[Humi Rahimi @HumiRahimi]

Here’s a breakdown of the top ten ways costs or taxes will increase according to Budget 2024:

1. **Capital Gains Tax Increase:**
- Individuals' capital gains tax will rise from one-half to two-thirds for gains exceeding $250,000 annually.
- Corporations and trusts will face a two-thirds tax rate on all capital gains (66.6%)

2. **Digital Services Tax:**
- A new tax will be imposed on digital businesses that profit from Canadian users' data, effective from 2024 for revenues earned since January 1, 2022.

3. **Luxury Tax:**
- Introduction of a tax on luxury items like private jets, yachts, and luxury vehicles.

4. **Tobacco and Vaping Products Excise Duty Increase:**
- Federal excise duties on tobacco will rise by $5.49 per carton of 200 cigarettes.
- Vaping products will see a 12% increase in excise duty.

5. **Public Debt Charges:**
- An increase in public debt charges due to higher borrowing needs and interest rates.

6. **GST on Carbon Emissions:**
- Implementation of GST on carbon emissions credits starting in 2024.

7. **Increase in Public Sector Wage Costs:**
- Public sector wage costs will rise due to salary hikes for federal employees as per new collective bargaining agreements.

8. **Environmental Compliance Costs:**
- Introduction of new fees and fines for failing to comply with environmental regulations.

#TAX #Budget2024

[Humi Rahimi @HumiRahimi]

Paying attention to the new proposed Federal Budget? If not, he’s one big thing you should know:

The 2024 budget suggests increasing taxes on profits from selling assets. For individuals making more than $250,000 in profit, the tax rate would go up from 50% to two-thirds. For companies and trusts, the tax rate on all profits would be 66.6%.

https://t.co/LKjVylOlIQ

[Humi Rahimi @HumiRahimi]

Goodnight reminder:

The loudest rooms lack the most substance. Choose your meetings wisely.

[Humi Rahimi @HumiRahimi]

The Bank of Canada has made ZERO changes today. All rates stay the same.

For those of you waiting for rates to drop, continue waiting…..

[Humi Rahimi @HumiRahimi]

The difference between 1990 and 1956 is the same as 2024 and 1990.

Goodnight.