News of the day: Boomers unloading their stuff, TFSA overcontributions, privatizing airports, early retirement, Rogers beats expectations and more

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June Cotte, a professor of marketing at the University of Western Ontario’s Ivey Business School, sits on a couch she inherited from her parents at her home in London, Ont.June Cotte, a professor of marketing at the University of Western Ontario’s Ivey Business School, sits on a couch she inherited from her parents at her home in London, Ont. The gen Xer is actively choosing to de-clutter to spare her children what she went through. Photo by Contributed/Joe Crim

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It’s Wednesday, July 22. Here are the top stories we’re following today.

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The largest generation in modern history is leaving behind an unprecedented hoard of clothing, crockery and furniture. There’s just one problem — younger Canadians aren’t interested.

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Canada Revenue Agency headquarters in Ottawa. The Canada Revenue Agency headquarters in Ottawa. Photo by HYUNGCHEOL PARK/Postmedia files

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A British Columbia taxpayer learned the hard way that challenging a decision starts with the Canada Revenue Agency, not the Tax Court.

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Toronto Pearson airport Governance changes and possibly even legislation would be required to privatize a couple of dozen large airports in Canada, including Toronto Pearson International Airport. Photo by Handout/TORONTO PEARSON INTERNATIONAL AIRPORT

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Mark Carney’s government is serious about selling airports to private investors and could unveil steps to move in that direction when large fund managers gather in September at his Canada Investment Summit, according to an executive at a multi-billion-dollar Australian infrastructure investor that is keen to buy up to $10 billion of Canadian assets over the next decade.

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Rempel said Kevin could optimize his tax rate if he withdraws less from his registered retirement savings fund. Expert said Kevin could optimize his tax rate if he withdraws less from his registered retirement savings fund. Photo by Jeff Whyte/stock.adobe.com

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To generate enough income, Kevin would need about $1.4 million in investments, which would be a stretch, expert says.

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Rogers Communications Inc. reported an eight per cent increase in both total revenue and total service revenue. Rogers Communications Inc. reported an eight per cent increase in both total revenue and total service revenue. Photo by Peter J. Thompson/National Post

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Rogers Communications Inc. reported a 53 per cent growth in media revenue driven by its sports assets in the second quarter as the company expects to close its purchase of the remaining stake in Maple Leaf Sports & Entertainment (MLSE) later this year.

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