Budget 2017

News and insight for advisors from the 2017 federal budget tabled on March 22 in Ottawa. Photo copyright: jvaillancourt/123RF.

March 24, 2017

Ottawa proposes to extend anti-avoidance rules to RESPs and RDSPs

The proposal would improve the consistency of the tax rules governing registered plans and won’t affect the vast majority of RESP and RDSP holders, the government argues

  • March 22, 2017 November 9, 2019
  • 17:05

Ottawa aims to step up fight against tax evasion, money laundering

The budget announced plans for a new national strategy to improve access to information for law enforcement about the people behind corporations and other legal arrangements

  • March 22, 2017 November 9, 2019
  • 16:50

Feds to invest up to $400 million in “late-stage” venture capital

The new Venture Capital Catalyst Initiative could also generate as much as $1.5 billion in total new funding, depending on the extent of private sector participation

  • March 22, 2017 November 9, 2019
  • 16:45

Budgetary deficits remain as expected

But while the national debt is expected to rise during the next few years, the debt/GDP ratio is expected to decline slightly during this time

  • March 22, 2017 November 9, 2019
  • 16:40

Feds eliminate Canada Savings Bonds program

CSBs represents $5 billion of total federal market debt vs more than $50 billion during their height in the 1980s

  • March 22, 2017 November 9, 2019
  • 16:35

New measures target financial services sector stability

The federal government will propose legislation to formally designate the CDIC as the resolution authority for banks and to reinforce OSFI’s authority

  • March 22, 2017 November 9, 2019
  • 16:25

Feds clarify, expand notable tax credits

Budget 2017 proposes to replace the three existing caregiver credits with a single, new, non-refundable Canada caregiver credit to make the system less complex

  • March 22, 2017 November 9, 2019
  • 16:20

Professionals will no longer be able to use billed-based accounting

Doctors, accountants, lawyers and others will now be required to include the value of work in progress when filing their income taxes

  • March 22, 2017 November 9, 2019
  • 16:15

Ottawa targeting life insurers’ tax practices

The federal budget proposes new rules to ensure that Canadian life insurers are paying the appropriate taxes in Canada and not shifting their income to foreign units

  • March 22, 2017 November 9, 2019
  • 16:10

Budget 2017: Changes to RESPs and RDSPs

Debbie Pearl-Weinberg, executive director, Tax & Estate Planning, CIBC Wealth Strategies Group, explains changes to tax and investment strategies allowed in RESPs and RDSPs. Weinberg spoke from the federal budget lockup in Ottawa.

  • March 22, 2017 November 9, 2019
  • 16:00