Spring Economic Statement: April 28, 2026
April 15, 2026: Ottawa, Ontario - Yesterday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced that he will table the Spring Economic Update 2026 on Tuesday, April 28, 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to build the strongest economy in the G7, and outline additional actions taken to drive prosperity, play to Canada’s strengths, and support Canadians where and when they need it most.Federal Government Takes Action to Stabilize Housing Market
Buying real estate in 2016? Be prepared to come up with a bigger down payment. Changes to government-backed mortgage insurance rules were announced last week to maintain a healthy, competitive, and stable housing market.
CRA Announces Interest Rates for First Calendar Quarter
On Dec. 15, the Canada Revenue Agency (CRA) announced the prescribed annual interest rates in effect from January 1 to March 31, 2016, confirming there are no changes to the prescribed interest rates since last quarter with the exception of one category: the interest rate for corporate taxpayers’ pertinent loans or indebtedness.
Government Comes Through on Promise to Simplify T1135
Last week, form T1135 “Foreign Asset Verification Statement” was released for 2015. As promised, the form now includes a simplified method for reporting assets where the taxpayer owns specified foreign property with a cost base of more than $100,000 but less than $250,000.
A Great New Way to Earn CE/CPD Credits from Knowledge Bureau
Knowledge Bureau is excited to introduce a new convenient, online learning opportunity: continuing professional education on video – a great new way to earn 6 CE/CPD Credits.
Tax Trivia: Do You Know Your Tax Danger Zones?
Just how good is your tax knowledge these days? Are you up for a little year-end tax test to see just how much you need to “shake out the cobwebs” before tax season 2016? Here’s how it works: tell us the significance of these numbers that will appear on the 2015 T1 Return: $2093, $7033, $7899, $11,327, $15,255, $25,370, $35,466, $72,809 and $140,944.
Now Available: Evelyn Jacks’ Family Tax Essentials
It’s more important than ever for Millennials and their Boomer parents to start discussions about multi-generation tax, retirement and financial planning, and after dinner story-telling over the holidays is a great way to start a new financial journey in 2016. Just how do you build a Wealth Purpose with a Tax Strategy? Evelyn Jacks’ Family Tax Essentials will provide you with some great new ideas!
