Amal Lehar Soman

[Amal Lehar Soman @amallehar]

Canadian Federal tax brackets for 2024 adjusted for inflation.

The new brackets are:
Zero to $55,867 of income (15%)
Above $55,867 to $111,733 (20.5%)
Above $111,733 to $173,205 (26%)
Above $173,205 to $246,752 (29%)
Anything above that is taxed at 33%.

[Amal Lehar Soman @amallehar]

In August, Canada experienced its highest inflation rate since 2003, reaching 4%, primarily driven by rising gas prices. The cost of essential items such as rent, mortgages, and food has also increased for Canadians.

[Amal Lehar Soman @amallehar]

CRTC made a big decision that affects Canadian telcos. The CRTC ruled in favor of Quebecor’s rate plan for using Rogers’ network outside Quebec. This may hurt Rogers, BCE, and Telus by lowering prices, but help Quebecor.

[Amal Lehar Soman @amallehar]

Microsoft and Alphabet will announce their numbers on Tuesday, followed by Meta on Wednesday. These companies have seen their stock prices soar by more than 70% this year. Investors are eager to see if they can live up to the high expectations and deliver strong growth.

[Amal Lehar Soman @amallehar]

#repost

Robert Kiyosaki believes that the latest move by members of the BRICS alliance to adopt the gold standard may announce the launch of a gold-backed cryptocurrency next month. If the move is successful, the price of Bitcoin will hit $120,000.

[Amal Lehar Soman @amallehar]

TSX also had a gap down but not revised yet. Canadian investors’ concerns over rate hikes persisted after a U.S. jobs report indicated a resilient labor market.