The federal government will propose legislation to formally designate the CDIC as the resolution authority for banks and to reinforce OSFI’s authority
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
Doctors, accountants, lawyers and others will now be required to include the value of work in progress when filing their income taxes
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
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.
The budget includes plans to spend $9.2 billion over the next five years on health care, indigenous peoples, veterans, safety and security and international measures
The budget comes at a time when Ottawa has very little room to introduce new spending
If Canada is staying in deficit mode, how big will the shortfalls be?
The federal budget is expected to include several measures aimed at improving the performance of the so-called innovation economy
The U.S. resurgence has had negative effects in Canada