Elbows Up: The Time for Personal-Corporate Tax Reform is Now

One can’t avoid the messaging of the economic pain to come. Our deteriorating economic relationship with our biggest trading partner will require us to “pivot and prosper” in order to emerge “stronger and more resilient” says our Prime Minister. While exactly how we will do this is still unclear, there is one clear opportunity: for both federal and provincial governments to initiate a significant personal and corporate tax reform in the upcoming fall budget.

Neufeld v. Dafoe BCSC 2016. The Supreme Court of British Columbia recently varied the Will of a deceased person to provide funds to a plaintiff, who insisted she was his common law partner. The facts were quite unusual: the plaintiff’s marriage ended after she was taken hostage by her husband during a police stand-off in which he was killed.

It’s February and that means it’s officially tax season. If you are going to tackle filing your tax return yourself this year—and every Canadian should try to grasp this life skill at least once—you will want to know more about the basic elements of the T1 General Income Tax and Benefit Return.

According to Statistics Canada, 20.6% of Canada’s total population is foreign born. Between 2006 and 2011, 1.1 Million foreign-born people immigrated to Canada from Asia, Africa, the Caribbean, Central and South America.

Unincorporated small business returns are increasingly in demand as an aging demographic moves from full-time employment to self-employment as a way to leverage time and money.

The Manitoba Financial Literacy Forum is a coalition of organizations and individuals working together to promote lifelong financial education skills to Manitobans. Co-founded by Evelyn Jacks, President of Knowledge Bureau and the Manitoba Securities Commission, the goal is to improve financial literacy of Manitobans.

“Remember, today is the tomorrow you worried about yesterday.” -Dale Carnegie