Tax Tips for Investors — Maximize RRSP Deductions: Check Out Your Notice of Assessment

Well, tax filing season should be over officially for most individuals— and that means it’s already time to think RRSP season! Will you be topping up?

Too Big to Fail? How Confident Are You in Canada’s Financial System?

A sound and resilient financial sector is key to making any national economy function efficiently. To that end, the Department of Finance published regulations on June 16 regarding implementation of the Bank Recapitalization (Bail-in) Regime. 

Post-secondary education will be essential for 71% of Canadians, but only 50% have RESPs

Canada’s future economy will depend heavily on highly skilled workers who require post-secondary education (PSE). Employment and Social Development Canada suggests that the number is 70%(1). 

Canadian Salaries Not Keeping Pace with Inflation

There is a worrisome gap between the annual growth in Canadians’ employment income and the increase in inflation: wage growth has stalled in Canada. The result is a challenging savings environment.

Life Purpose

“We can’t solve problems by using the same kind of thinking we used when we created them.” -Albert Einstein

Insurance Strategies Critical for Owner-Manager Planning

Small business forms the backbone of the Canadian economy, yet only a minority of businesses successfully pass to new owners. Sophisticated strategies are needed to ensure greater success in the transition of business ownership.

Planning Required: Retirement Savings Shortfall is Enormous

The World Economic Forum predicts that a dramatic retirement savings shortfall could hurt citizens in several of the top western nations, including the UK and Canada.(1) They suggest that the gap could be as big as US$428 trillion by 2050.
Knowledge Bureau Poll Question

Do you think Canadian provinces should raise the minimum wage to $15?

  • Yes
    192 votes
  • No
    242 votes