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?Weekly Thought Provoker: Can Advisors Add Value Through Holistic Approaches?
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People in the News: Jan Sawchuk
Jan Sawchuk, of Peachland, B.C., on the Basic Bookkeeping for Small Businesses course
Experts Say Tax Changes Will Hit Business Owners Earning as Little as $50K
With the looming Oct. 2 deadline for commentary on proposed tax changes to private corporations, the business community is renewing its call for the federal government to scrap the proposals in favour of a comprehensive tax policy review.
Nearly Two-thirds of Canadians Use Tax-assisted Savings
More than 65 per cent of Canada’s 14 million households contributed to at least one registered savings account (RPP, RRSP or TFSA) in 2015, according to recently released Statistics Canada data from the 2016 Census.
Canadian Retirement Stats: Do Employed or Self-Employed Retire First?
Nearly four in 10 (38 per cent) Canadians age 55 or older — and 14 per cent of those 65 or older — participated in the labour force last year, the highest participation rates among older Canadians since the collection of comparable Statistics Canada data began in 1976. But who exactly are these stalwart workers, and at what age are they retiring?
Are Business Conferences Tax Deductible?
Costs incurred to attend a conference may be a deductible business expense. The cost of the tuition for the conference may also be deductible or be eligible for a non-refundable tax credit.
