Weakness in the oilpatch will punish Alberta’s economy this year
New measure will be particularly helpful for beneficiaries in situations in which a fundholder died in the latter half of 2008
Tax changes affecting tax brackets: > The basic personal amount increases to $10,320 in 2009, up from $9,600 in 2008.> The upper threshold of the first (lowest) personal income tax bracket increases to $40,726, up from $37,885. The first tax bracket is subject to a 15% federal tax rate.> The upper threshold of the second […]
Federal budget proposes to boost amount of business income eligible for reduced tax rate
At the same time, spending will boost the economy
Changes “long overdue”
The basic exemption and the two lowest tax brackets will go up 7.5%
The recent acquisition of AIG’s Canadian division gives BMO a complete infrastructure to sell any product line
But SCC ruling suggests such schemes be kept simple
Financials are stable but economic uncertainty still hangs over their profit outlook