According to a July 23 publication by the Fraser Institute, we are getting poorer here in Canada and the prospects for economic growth are looking grim. This should be of concern to every Canadian concerned about their “real income” – that’s their purchasing power – and by extension - their ability to fund consumption now and for important family milestones in the future: retirements, education and homeownership. It’s grim, but there are practical suggestions for a turn around plan. Here’s a synopsis of the report.
With all the “back-to-school” ads playing now, perhaps you’re also thinking about putting your professional education plan in place to map out how you will achieve your CE/CPD credits this fall.
Over the next several weeks, we will be acquainting you with the phenomenal speakers who will be sharing their thought leadership at this year’s Distinguished Advisor Conference.
The federal government is on the hunt for new tax revenue from Canada’s small businesses, mainly because of an erosion of the personal tax base and a significant shift of taxable income to the corporate tax base instead.
Starting in July, CRA will provide legal warnings to recover more than $9 billion of overpaid pandemic recovery benefits like CERB. Do you think that is fair?