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All items tagged with: Canada's competitiveness

Financial Pros Push for Canadian Tax Reform

Posted: October 02, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , Financial Literacy, Evelyn Jacks, income tax, Essential Tax Facts, Investing, tax education, tax reform, tax rates, Morneau, NAFTA, Canada's competitiveness, U.S. tax, 1%, Canada's tax system, minimum annual income, tax policy

It’s almost unanimous among tax and financial advisors who strongly believe that Canada needs tax reform to create a fair, simple and certain tax system for people of all income levels.

U.S. Tax Reforms: More Damaging Than NAFTA Failure?

Posted: September 17, 2018 By : Beth Graddon
Posted in: Strategic Thinking , DAC, distinguished advisor conference, Cross Border Tax, Canadian economy, snowbirds, finance canada, tax reform, Morneau, business tax, Dean Smith, Canada's competitiveness, Canadians abroad, U.S. tax reform, Jack Mintz, capital deductions, U.S. economy, working in the U.S.

Data from a recent PwC study shows that the economic repercussions of Canada’s increasing lack of competitiveness due to U.S. tax reforms, could be ten times greater than the fallout from a NAFTA termination. If you work with business owner clients, expect to be asked about the granular details of the incentives.

Consumer Woes: New Surtax hits Cross-Border Shoppers, While Interest Rates Rise

Posted: July 10, 2018 By: Evelyn Jacks By :
Posted in: Strategic Thinking , Debt Management, Financial Literacy, knowledge bureau, Evelyn Jacks, financial education, online courses, budgeting, US tax, NAFTA, Canada's competitiveness, trade agreement, buy Canadian, Canadian-made food, "Trump-free", Canadian dollar, Canadian agriculture, grocery budget, cross-border shopping, duties and taxes, US exemption limits, surtax, tariffs, Canadian economyu

Canadians spend anywhere from $4.7 to $8 Billion on cross-border shopping and if you spent the July long weekend looking for bargains in the U.S. you may have had an unpleasant surprise:  despite the loonie holding some ground against US currency, a new 10% surtax on certain consumer goods came into effective July 1, when if you exceeded your exemption limit.

Buy Canadian: But at What Cost?

Posted: June 26, 2018 By : Knowledge Bureau staff Writers
Posted in: Strategic Thinking , Debt Management, Financial Literacy, knowledge bureau, Evelyn Jacks, Canadian economy, financial education, online courses, budgeting, US tax, NAFTA, Canada's competitiveness, trade agreement, buy Canadian, Canadian-made food, "Trump-free", Canadian dollar, Canadian agriculture, grocery budget

It could be a “Buy-Canadian” summer as trade tensions escalating between Canada and U.S. are starting a movement towards economic nationalism throughout Canada. But that comes at a cost - can you afford to spend more? Canadians currently have over $2 Trillion in debt, according to the Bank of Canada, and increased spending could dig a deeper hole.

DAC 2018: Dr. Jack Mintz to Address Canada’s Competitiveness

Posted: June 12, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , DAC, knowledge bureau, Evelyn Jacks, Small Business, distinguished advisor conference, wealth management, cross border taxation, CE summits, business taxation, NAFTA, Dr. Jack Mointz, Canada's competitiveness, cross border trade, global portfolio management, working abroad

After decades of calm, the issue of competitiveness is front and centre for Canada. To address the best interests of your clients, your deeper knowledge about the emerging North American tax and trade reforms will serve you well, and there is no better person to help you interpret the changes than DAC Keynote speaker, celebrated tax expert and economist Dr. Jack Mintz.