News of the day: Housing market hope, bitcoin hack, Shopify shares surge, CRA denies legal fees tax deduction, retirement planning and more

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeUncategorizedNews of the day: Housing market hope, bitcoin hack, Shopify shares surge, CRA denies legal fees tax deduction, retirement planning and moreCatch up on the stories we’re following today You can save this article by registering for free here. Or sign-in if you have an account.Whether economists ultimately conclude that Canada’s housing market bottomed in 2026 may not be known for months or even years. Photo by Peter Power/PostmediaIt’s Wednesday, August 5. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountIt’s been more than four years since Canada’s housing boom came to an abrupt end in 2022, and throughout that period the perennial question hanging over the market has been, how much farther will it fall? Now, a handful of economists are cautiously floating the ‘b’ word, positing that we may finally be nearing the bottom. Dozens of bitcoin investors around the world collectively lost millions of dollars after their accounts with crypto storage company Coinkite Inc. were compromised last week. Photo by Getty Images/iStockphotoGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againDozens of bitcoin investors around the world received a rude awakening last week after discovering they had collectively lost millions of dollars after their accounts with Toronto-based crypto storage company Coinkite Inc. were compromised. So what exactly happened, how do cold wallets work and will those who lost money get it back? The Financial Post takes a closer look. Shopify Inc. expects its third quarter revenue to grow at a low-thirties percentage rate and gross profit dollars to increase at a mid-to-high twenties percentage rate on a year-over-year basis. Photo by HYUNGCHEOL PARK/PostmediaShopify Inc., which helps businesses build online stores and sell goods online, said its artificial intelligence tools, partnerships and integrations are helping merchants tally more sales. AI-driven traffic and orders to Shopify stores tripled year-over-year in the second quarter, company president Harley Finkelstein said during an investor’s call on Wednesday. In some situations, the burden of high-priced legal advice can be somewhat offset if you can deduct those legal fees on your tax return. Photo by Getty Images/iStockphotoWhat if you pay for someone else’s legal fees to challenge their Canada Revenue Agency reassessment? Are those legal fees tax deductible to the payor? That was the question before the Tax Court in a recent case decided late last month. Even though Miles and his wife manage their finances separately, they could look for a fee-for-service financial planner in their area who can assist with managing their retirement funds. Photo by Peter Dazeley/Getty ImagesOverly conservative investments create risks such as loss of purchasing power or possibly outliving savings, expert says.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.