In an apparent reversal and amid rising opposition, Prime Minister Justin Trudeau said taxing employer-provided health benefits for Canadians is not in his budget agenda.
Questioned Wednesday
Trudeau was questioned about the issue again Wednesday in the House of Commons by interim Conservative Leader Rona Ambrose… Read more
First-time home buyers in Ontario may now claim a higher Land Transfer Tax refund.
The government says more than half of the first-time eligible home buyers in the province will now be able to avoid paying any Land Transfer Tax…Read more
Ontario’s Trillium drug plan has announced it’s modernizing its systems and infrastructure and has refocused efforts on altering the way co-ordination of benefits takes place with private drug plans beginning in the fall of 2017.
This development isn’t a change to Trillium regulations but is simply a refocused effort to make Trillium a first payer…Read more
Excess contributions to RRSPs and TFSAs can lead to penalty taxes, so advisors and investors should be mindful of the rules. For this article, we’ll focus on excess contributions to TFSAs and discuss options for dealing with excess TFSA amounts. Read more…
CRA has posted changes to services for the 2017 tax-filing season. The following are new:
Who could have ever imagined, even a few years ago, that money would become virtual? Not so long ago, we could have thought that credit cards represented the end of currency evolution, but that was before the emergence of bitcoin.
For those who haven’t been paying attention, bitcoin is a digital currency…read more
More than half of the Millennials in Ontario do not have a individual insurance policy on their mortgages.
The Financial Services Commission of Ontario (FSCO) recently hired Environics Research to discover how much Millennials know about mortgages. The poll found that 47% of those between the ages of 25 to 34 were “not very” or “not at all” confident about the subject, and only 12% described themselves as “very confident” when dealing with banks and other lenders. Read more…
This article is from September 2015 but is a reminder for those travelling to the USA, that there are rules to follow.
Review last years CBC News commentary...read more
The Canadian Council of Insurance Regulators (“CCIR”) proposed a consumer survey surrounding travel insurance . Consumers were asked to give their input on their concerns over purchasing insurance and to offer up their comments.
The survey outlined fair treatment of consumers, potential issues related to Travel Health
Insurance (“THI”) and options to enhance consumers’ protection and confidence.
The results are now available…Survey Results
Segregated Funds for Estate Planning
Canada Life’s new Estate Protection segregated fund product offers a 100% death benefit to clients who are between the ages of 80 and 90.
In promotional materials released earlier this week, the insurer says the new product is meant for clients who want to “leave a meaningful legacy for those who matter the most to them” and will provide older investors with a “sense of control, certainty and relief”. Read more »