2017 Federal Budget

March 23, 2017

The Liberal government delivered its second fiscal budget after the market closed on Wednesday. Here is a simplified list of who are the winners and losers from its plan:

Winners

  • Investors: Speculation for the past several weeks suggested that an increase in the capital gains inclusion tax from 50% to 66% or 75% was a possibility. No changes were made. In addition, the government has eliminated Canada Savings Bonds.
  • Cities: $11 billion of previously committed infrastructure for affordable housing was announced.

Read more

RRSP Deadline Fast Approaching!!!

February 16, 2017

This is a friendly reminder that RRSP deadline is fast approaching as the final date is March 1st, 2017.

Important Points:

1) Contributions towards RRSP’s deduct from your taxable income.

2) Any taxes you would have paid on your taxable income between the original and new adjusted amount would be a refund pending no other taxable events occur.

Read more