Personal economics reporter @globeandmail. Book: Money Like You Mean It - https://teapaw.org/t.co/jQTbQeRYSg š®š¹šØš¦
Toronto
Joined July 2010
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Some news: I wrote a book about why itās become so hard to get your financial act together & the money basics you need for todayās reality. Out Jan 4 with @dundurnpress Pre-order now via @chaptersindigo @amazon & local bookstores (check @TBM_Bookmanager) dundurn.com/books_/t22117/a9ā¦
Erica Alini retweeted
Debanked: Why some Canadians are losing their bank accounts without explanation /via @globeandmail with @ealini and @StefanieMarotta theglobeandmail.com/investinā¦
Erica Alini retweeted
āI just donāt think a lot of younger people, who are the ones who are likely using FHSAs, really have the impact to the Canada Child Benefit on their radar,ā said Aaron Hectorā
via @globeandmail @ealini
theglobeandmail.com/investinā¦
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Are you a Millennial or Gen Z with money on your mind? We're looking for people to share their story in our Paycheque Project, which looks at how much people earn and spend each month. Email reporter Saira Peesker at [email protected] to participate
theglobeandmail.com/topics/pā¦
Erica Alini retweeted
Employers are using the TFW program for occupations that they barely considered a few years ago.
Case in point: administrative assistants.
Companies were approved to hire > 3,500 of these positions last year, an increase of 3,090% from 2016.
Erica Alini retweeted
Anyone else excited about this @ealini story? Airlines overestimated summer travel. That means cheap flights in August and September for Canadians theglobeandmail.com/investinā¦
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*MEDIA CALLOUT* Itās rare but it happens: Your bank closes your account w/ minimal warning. There is no explanation and no way to appeal the decision. If this happened to you/someone you know, @ealini & I would love to hear about it. Please DM or email [email protected]
Erica Alini retweeted
Hey new parents: The practice of treating longer leave periods differently has been common since the 18-month parental leave option was introduced, say several #mortgage brokers. @ealini story on how this can reduce the amount a family can borrow
Want to take an 18-month parental leave? It could hurt your mortgage application theglobeandmail.com/investinā¦
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"The better that housing does as an investment, the worse it does at providing affordable shelter
To put that another way, the only way to durably guarantee affordable housing is to do our best to make real estate a long-term mediocre investment."
theglobeandmail.com/investinā¦
Erica Alini retweeted
Attention podcast fans: Do you & your parents coāown a home - and live there together? We want a Gen X or millennial to tell us about their multi-gen arrangement. Email Stress Test co-host Roma Luciw to share your story - [email protected] theglobeandmail.com/investinā¦
Erica Alini retweeted
An essential story from @joshokane on why Canada's arts institutions are in such rough shape. theglobeandmail.com/arts/artā¦
Erica Alini retweeted
Here's an example: the Ontario Disability Support Program. Payments are now adjusted for inflation, but that follows a lengthy period of erosion.
Adjusted for inflation, total annual incomes in 2022 were down 34% from a peak in the early 90s.
Thank you very much @HofriAdam for a great interview
This Post is from an account that no longer exists. Learn more
Erica Alini retweeted
The interaction of public and private disability insurance policies is a critical issue- a proposed amendment to the Canada Disability Benefit bill to address this was not adopted by the government.
It should be addressed in federal-provincial agreements.
Erica Alini retweeted
Canada's banking regulator orders Toronto-Dominion Bank to fix its Regulatory Compliance Management program, the nerve centre for its risk controls /via @globeandmail By @StefanieMarotta and me theglobeandmail.com/businessā¦
Erica Alini retweeted
Are you under 45? Struggling with housing, saving, investing or debt? The @globeandmail is looking for real Canadians open to sharing their personal stories for our paycheque project series. Email ROB editor Roma Luciw to potentially take part - [email protected]
theglobeandmail.com/investinā¦
Erica Alini retweeted
And, if I might offer a political prediction: if govt changes next year, the inclusion rate doesn't go back to 50. Other taxes changes may occur, but not this one. There's solid reasons to treat dividends, cap gains, interest, etc., similarly.
Erica Alini retweeted
Inclusion rate or tax rate? Taxes on wages vs capital gains? Lots of confusion out there. It's simple:
$1 in wages. Top marginal tax rate = 53%. Keep $0.47.
$1 in corporate profit --> 26% corporate tax rate = $0.74 distributed as capital gains --> 50% inclusion rate = $0.37 taxed at 53% personal. All in, roughly 46% tax rate overall. Keep $0.54. Better than wages (and better than interest or dividends).
At 67% inclusion: roughly 52% tax overall for capital gains. So keep $0.48. Close to treatment of wages! (And also close to dividends and interest!)
Want lower taxes? Great. Lower tax rates. Inclusion rates can be used to better equalize treatment of capital gains vs other income sources, as the budget does.
Erica Alini retweeted
The latest on preferred provider networks as @channay @susinsky and I continue to report on exclusive deals between insurers and large pharmacies. Yesterday, the Ontario College of Pharmacists voiced serious concerns about these deals/via @globeandmail theglobeandmail.com/businessā¦
Erica Alini retweeted
Our latest on the ongoing imprisonment of Fathi Baja. By @HoserLibrarian and me. It's also A1 above the fold in today's print edition. #libya
Former Libyan envoy who safeguarded Gadhafi files begged Canada for help before his arrest /via @globeandmail theglobeandmail.com/businessā¦
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In the ā60s, Toronto almost got a highway in the middle of its downtown - but citizens said no. In the first episode City Space S4, weāre telling that story and asking: was cancelling the Spadina Expressway the right decision? theglobeandmail.com/podcastsā¦ @globeandmail @globecontent
