Federal budget

Industry

Should clients defer OAS?

New OAS option begins July 1, 2013.

By Doug Carroll |June 26, 2013

2 min read

Industry

New tax rules don’t affect BMG fund

The 2013 federal budget proposes to eliminate the taxable benefits that have been enjoyed by fixed-income funds, by converting ordinary or interest income to capital gains. Read: 2013 Budget: Not much good tax news Since only one-half of a capital gain is taxable, the government’s revenue is reduced by 50%, so investors have been realizing […]

By Staff |March 26, 2013

1 min read

Economic Indicators

Budget delays OAS eligibility to 67

The federal government hiked the eligibility age for Old Age Security (OAS) to 67 from 65 reflecting the reality that Canadians are living longer and healthier lives.

By Doug Watt |March 29, 2012

4 min read

Industry

Closing the loop on HNW clients

|| Take the Poll || Client Letter || Full Budget Speech || Summary of Measures || Economic, Fiscal Outlook || Financial Resolutions || Round two of Budget 2011 continues to tighten the vise on high-net-worth clients. In a repeat budget, at least as it concerns HNW clients, the government reaffirmed commitments to close tax-planning loopholes. […]

By Melissa Shin |June 6, 2011

5 min read

Budget provides modest, targeted breaks for families

|| Take the Poll || Client Letter || Full Budget Speech || Summary of Measures || Economic, Fiscal Outlook || Financial Resolutions || While this year’s budget contains some tax breaks for average Canadian families, the changes aren’t much to get excited about. Fred O’Riordan, national tax advisor at Ernst & Young, says he wasn’t […]

4 min read

Small caregiver credit, minor perks for seniors

A family caregiver tax credit of up to $300, a Guaranteed Income Supplement top-up of $50 a month for singles and $70 a month for couples, and elimination of the mandatory retirement age for federally regulated employees are not enough to improve the quality of life and increase opportunities for Canadian seniors.

4 min read

Mintz argues for tax overhaul

Financial advisors may have added flexibility in arranging some of their clients’ registered and non-registered investment products and their clients may retain more of their savings if Jack Mintz can sell some of his proposals to the Conservative government. In a presentation clearly designed to influence the upcoming federal budget, the Executive Director and Palmer […]

By Al Emid |March 9, 2011

3 min read

It’s official: March 22 is budget day

Federal Minister of Finance Jim Flaherty has confirmed that he will table the federal budget on March 22, but he warns it won’t contain any radical spending plans. “As we transition to the next phase of Canada’s Economic Action Plan, measures in this budget will focus on the Harper Government’s key priority of the economy,” […]

By Steven Lamb |March 2, 2011

1 min read