The Importance of Provincial Budgets: Elbows Up and No Bracket Creep!

Some of the right things are happening in Nova Scotia, from the perspective of improving standards of living in that province.  And that’s important news because according to the Fraser Institute, Canadians have suffered the worst five-year decline in their standard of living over the 2020-to-2024 period since the Great Depression.  It notes, our Gross Domestic Product (GDP) per person decreased by 2.0% (0.4% annually) ; this despite aggregate GDP growth of 1.5% over the period.  Further, all ten provinces are experiencing stagnation, which is unique in our history.  So what’s the good news in Nova Scotia, at this critical juncture?

Kelowna Is Host City to Top Financial Speakers and Advisors. Twenty-Five Exceptional Financial Speakers at 2017 Distinguished Advisor Conference.

Leadership matters, especially when you consider all the disruptions that appear at your business doorstep every day.  How to survive them?  Lean into them!  In fact, there are seven key disruptors you must address immediately with your team if you are concerned about successfully growing your business to the next level.

A couple of weeks ago, the financial news of the day involved a controversy about the taxation of employee benefits.   CRA was enforcing its interpretation of the law in relation to the taxation of the benefit of receiving employee discounts at work. After a political outcry, CRA backed down, leaving several question marks.

Do you need more cash flow before Christmas?  It’s a great question for tax and financial advisors to ask their clients who are pensioners, divorces or proprietors.  That’s because the final quarterly tax instalment of the year is coming up soon – December 15 – and with proper planning, it might be avoided.

Our October Poll delivered surprising results regarding the demise of The Canada Savings Bond. Most financial professionals polled agreed, indicating that TFSAs are a better alternative. However, it’s clear that some Canadians attribute nostalgic value to CSBs.

“You cannot climb the ladder of success dressed in the costume of failure.” —Zig Ziglar