Capital gains tax hike creating changes in tax harvesting, buying opportunities in these stocks, says Scotia strategists

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 71 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 67%
  • Publisher: 92%

Population 뉴스

Tax,Ontario,Loss

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

“The June 25 deadline for the implementation of the new capital gains tax in Canada is approaching quickly. As a reminder, capital gains in excess of C$250,000 will use an inclusion rate of 67% instead of 50% when applying the marginal tax rate. High-net-worth Canadians could thus potentially generate tax savings by engaging in an early tax loss harvesting strategy ahead of the deadline ... However, Canadian YTD stock winners have generated unusual losses in June.

The team listed Veren Inc., Nexgen Energy Ltd., Cenovus Energy Inc., Tourmaline Oil, Advantage Oil and Gas Ltd., Peyto Exploration and Development Corp., Methanex Corp., Magna International, Ivanhoe Mines Ltd., Teck Resources Ltd., Linamar Corp., Brookfield Corp., Intact Financial Corp. and Converge Technologies Solutions as potential bounceback candidates.

“The yearly rise of 1.27 million was the most on record, while the percentage gain of 3.2% is the largest since 1958 and more than double the historical mean. Net international migration of 1.24 million drove almost all the rise, with two-thirds propelled by temporary immigration. If, as planned, the federal government slashes the number of temporary immigrants from 6.8% of the population to 5% within three years, then overall growth will slow to around 1%.

RBC head of global equity strategy research Lori Calvasina sees signs that U.S. markets are ahead of themselves, “We’ve added a new stress test to our valuation analysis. This is an optimistic scenario which bakes in lower inflation, lower 10-year yields, and more Fed cuts than the current consensus . To be clear, this is not our base case for year-end 2024. But it is a helpful exercise in terms of understanding what the stock market may be pricing in currently. These assumptions imply that a reasonable trailing P/E for the S&P 500 at year-end would be around 22.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 5. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

These bank stocks are most likely to hit profit targets, says Scotia analystDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
출처: globebusiness - 🏆 31. / 66 더 많은 것을 읽으십시오 »