From passive income rules to cybersecurity spending, here's what the feds propose
Announcement made today in House of Commons
Ahead of Budget 2018, the House of Commons finance committee conducted consultations to hear suggestions to improve productivity and competitiveness. Suggestions are summarized in a report, which lists 92 recommendations. Here are highlights: Enhance existing financial literacy programs. Particular attention should be paid to the needs of specific demographic groups. Read: What young clients don’t […]
The federal government should take advantage of strong economic growth and a smaller-than-expected 2016-17 budget deficit to reduce deficit-financed spending when it issues its fall economic statement next week, a research note from RBC says. Finance Minister Bill Morneau will deliver his fall fiscal update on Oct. 24. Budget 2017 projected a $28.5-billion deficit for […]
Where the bulk of your federal tax dollars go
The results will surprise you: it’s not the usual suspects.
Ottawa’s changes to the private corporation and small business tax rules have made the new regime so complex that it’s almost unworkable, tax experts said at a conference panel Monday. Speaking at the Society of Trust and Estate Practitioners’ annual conference in Toronto, panelists said rules around associated corporations, arm’s-length individuals and various carveouts make […]
Federal budget measures to promote economic growth don’t go far enough, says Ian Russell, president and CEO of IIAC, in a letter from IIAC responding to the budget. For example, he cites the Canadian Business Growth Fund, announced March 9, 2017 and mentioned in the budget, which provides capital from Canada’s leading banks and financial […]
Here are selected highlights of what’s in and what’s out now that the federal budget has been tabled. What’s in (Explanations of tax credits are courtesy of EY’s report on the budget.) Tax evasion crackdown — Over five years, $523.9 million is allocated to prevent tax evasion and improve tax compliance, including more auditors, a […]
Bill Morneau, Justin Trudeau’s Finance minister, announced he will table the 2017 federal budget on March 22. Follow Advisor.ca that day for full coverage after 4 p.m. Eastern. Read: CRA to release registered fee folio this spring Clients have unique tax needs? Here are tips How foreign exchange impacts capital gains