With an election just around the corner, the federal government has delivered the 2019 Federal Budget; Investing in the Middle Class, with a wide variety of measures directed at home affordability, education, health and infrastructure. In keeping with the government’s previous budget theme to create a “fair tax system”, new measures geared to help new… Read more »
General News
Bank of Canada Reveals latest interest rate decision
The Bank of Canada is leaving its key interest rate unchanged and is pointing to increased uncertainty about the timing of future rate hikes following the economy’s abrupt deceleration in late 2018. To read entire article click here.
Budget at a glance
Finance Minister Carole James laid out a mostly stay-the-course provincial budget Tuesday in Victoria, albeit, with some surprises. To see the 10 biggest takeaways from B.C.’s 2018-19 provincial budget click here.
SCC decision confirms viability of Henson trusts
A recent decision from the Supreme Court of Canada (SCC) appears to confirm the viability of Henson trusts, special trusts set up for people with disabilities. The decision, released in late January and the first case in which the SCC has considered Henson trusts, indicates that these are useful vehicles for tax, estate and financial… Read more »
No change: Bank of Canada Keeps benchmark interest rate at 1.75%
The Bank of Canada kept its benchmark interest rate unchanged at 1.75% Wednesday, despite a few dark clouds appearing on Canada’s economic horizon. To read entire article click here. Click here for another article in regards to the interest rate decision.
U.S. Congressman introduces residency-based tax bill
A Republican congressman has introduced a bill to move the U.S. from a citizenship-based taxation system to a residency based one – and it’s receiving support from both Democrats and Republicans. To read the complete article click here
Update on Recent Market Volatility
Please click below for a message from Robin Muir, Managing Partner, in regards to the market volatility. Market Volatility
Bank of Canada reveals latest interest rate decision
The Bank of Canada walked back some of its enthusiasm about the nation’s outlook in a decision that kept interest rates unchanged, saying the economy may have more capacity than previously thought to grow without fueling inflation. The Ottawa-based central bank kept its overnight benchmark rate at 1.75 percent, reiterating it expects to eventually remove… Read more »
Questrade Wealth Management to pay $2.9 million to OSC
Questrade Wealth Management Inc. of Toronto has agreed to make a voluntary payment of $2.9 million to settle allegations that it failed to identify and respond to conflict of interest when it sold eight of it’s ETFs to Toronto-based Wisdom Tree Asset Management Inc. in July 2017, the Ontario Securities Commission (OSC) announced Tuesday. To… Read more »
TFSA annual contribution limit rises to $6,000
The Canadian government has indicated that the annual contribution limit for TFSAs will be raised to $6,000 for 2019, up from $5,500 this year. To read the complete newsletter click here