Canada Needs a Financial Plan
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.Provincial Budget Round-up
Taxes are going up on the East Coast, even for low earners, while small businesses pay more in a retroactive tax hike. Meanwhile small business owners get a tax break in Alberta, despite the red ink there. In short, Alberta and Newfoundland and Labrador took two very different approaches to dealing with loss of tax revenues from oil and gas last week.