“As history has repeatedly proven, one trade tariff begets another, then another – until you’ve got a full-blown trade war. No one ever wins, and consumers always get screwed” – Mark McKinnon Bank of Canada Holds Key Rate Steady Citing “growing trade uncertainty”, the Bank of Canada announced they would hold rates steady on Wednesday…. Read More
“Don’t tell me what you value, show me your budget, and I’ll tell you what you value” – Joe Biden Liberal Government Announces 2018 Federal Budget On Tuesday, the Liberals and Finance Minister Bill Morneau announced their 2018 Federal Budget, the third budget of their term. This budget is a bit of a mixed bag,… Read More
Following last week’s provincial budget release, yesterday Finance Minister Bill Morneau delivered his 2018 Federal Budget. The key item was additional clarity on the taxation of passive income in a corporation. This is in addition to previously-announced measures for corporations such as the elimination (in some cases) of income sprinkling. The budget did not deliver… Read More
“If you want to reap financial blessings, you have to sow financially” – Joel Osteen 2017 RRSP Contribution Deadline – March 1, 2018 One final reminder for all those intending to contribute for the 2017 Tax Year. The last day to contribute is March 1st. Note On Wednesday’s NDP Budget Recap article, it was initially… Read More
2018 BC PROVINCIAL BUDGET ANNOUNCED Finance Minister Carole James announced the BC NDP Government’s budget yesterday and delivered on a wide variety of promises from its election platform. The key initiatives were centered around housing speculation. The provincial government released a 30-point plan addressing housing affordability in the province. Highlights from the plan include: •… Read More