Federal budget – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Fri, 29 Sep 2023 18:30:46 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Federal budget – Advisor's Edge https://phoenix.advisor.ca 32 32 Feds post $1.2 billion deficit between April and July: Finance Department https://phoenix.advisor.ca/news/economic/feds-post-1-2-billion-deficit-between-april-and-july-finance-department/ Fri, 29 Sep 2023 18:30:46 +0000 https://www.advisor.ca/?p=231341 That compares to a surplus of $6.3 billion during the same period last year

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]]> Feds release draft legislation on alternative minimum tax, intergenerational business transfers https://phoenix.advisor.ca/tax/tax-news/feds-release-draft-legislation-on-alternative-minimum-tax-intergenerational-business-transfers/ Fri, 04 Aug 2023 21:10:59 +0000 https://www.advisor.ca/?p=229508 Proposals from the 2023 budget are out for consultation until Sept. 8

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]]> Federal government posts $1.5B surplus for first two months of fiscal year https://phoenix.advisor.ca/news/economic/federal-government-posts-1-5b-surplus-for-first-two-months-of-fiscal-year/ Fri, 28 Jul 2023 16:08:40 +0000 https://www.advisor.ca/?p=229230 Revenues rose by $1.3 billion on higher interest and employment insurance premiums, and greater proceeds from personal income tax

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]]> Federal government passes 2023 budget implementation bill https://phoenix.advisor.ca/tax/tax-news/federal-government-passes-2023-budget-implementation-bill/ Fri, 23 Jun 2023 14:34:43 +0000 https://www.advisor.ca/?p=227128 Changes to RESPs and RDSPs, caps on payday loans and leeway to increase the CDIC limit are all law now

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]]> Federal government posts $41.3 billion deficit for 2022-23 fiscal year https://phoenix.advisor.ca/news/economic/federal-government-posts-41-3-billion-deficit-for-2022-23-fiscal-year/ Fri, 26 May 2023 19:19:45 +0000 https://www.advisor.ca/?p=225999 Debt charge rose 42% from 2021-22 because of rate hikes, revenues up 8.6%

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]]> Federal government posts $3.1 surplus for first 11 months of 2022-23 fiscal year https://phoenix.advisor.ca/news/economic/federal-government-posts-3-1-surplus-for-first-11-months-of-2022-23-fiscal-year/ Fri, 28 Apr 2023 18:48:25 +0000 https://www.advisor.ca/?p=224928 Interest rates pushed debt charges up 40.7%

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]]> Government tables second budget implementation bill https://phoenix.advisor.ca/tax/tax-news/government-tables-second-budget-implementation-bill/ Fri, 21 Apr 2023 19:34:26 +0000 https://www.advisor.ca/?p=224593 Changes to RESPs and RDSPs are included in the legislation, as well as leeway to increase the CDIC limit

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]]> Liberal tax promise tracker, post-budget edition https://phoenix.advisor.ca/tax/tax-news/liberal-tax-promise-tracker-post-budget-edition/ Wed, 05 Apr 2023 20:46:56 +0000 https://www.advisor.ca/?p=223908 Here’s the status of tax proposals that matter to your clients

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]]> Budget proposes tax changes to pension plan arrangements https://phoenix.advisor.ca/tax/tax-news/budget-proposes-tax-changes-to-pension-plan-arrangements/ Mon, 03 Apr 2023 20:29:40 +0000 https://www.advisor.ca/?p=223840 Changes to the Income Tax Act are good news for employers with pension plans

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]]> Employee ownership trusts introduced, but with no incentives https://phoenix.advisor.ca/tax/estate-planning/employee-ownership-trusts-introduced-but-with-no-incentives/ Wed, 29 Mar 2023 17:55:41 +0000 https://www.advisor.ca/?p=223610 Advocate suggests EOT legislation, as proposed in the 2023 federal budget, will not lead to increased employee ownership

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