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All items tagged with: Fall Economic Update

Financial Pros Oppose Tax Credits for Journalism Donations

Posted: January 08, 2019
Posted in: Strategic Thinking , Federal Government, poll results, charitable donations, CE summits, tax proposals, budget 2018, Fall Economic Update, donations credit, journalism donations, non-profit journalism

One controversial change o in the the November 21, 2018 economic statement was the proposal to provide taxpayers with a charitable donation credit for monetary gifts to non-profit journalism organizations. We asked tax and financial professionals their opinion on this hot topic: 78% of those who responded to Knowledge Bureau Report’s December poll voted to oppose this measure, hands down, even at a giving time of year.

Donation Controversy: Tax Relief for Media

Posted: November 27, 2018 By: Evelyn Jacks By : Beth Graddon
Posted in: Strategic Thinking , Federal Government, tax deductions, tax education, Morneau, Fall Economic Update, media tax relief, tax incentives for media subscriptions, Canada free press, Canada news

Last week’s Fall Economic Statement featured updates to Canada’s economic outlook and corporate tax changes, specifically, the Capital Cost Allowance measures. However, the Finance Minister also proposed a controversial $595 million package to support Canada’s media sector, including tax breaks for those who subscribe to some online media outlets. 

Fall Economic Statement: Tax Incentives for Corporations

Posted: November 22, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , federal budget, finance canada, Morneau, Minister of Finance, Fall Economic Statement, budget 2018, Fall Economic Update, Fiscal Report, Corporate Tax Changes

Canada has been in a strong economic position since 2015, but dark clouds are on the horizon as global economic growth has peaked and deficits are expected to grow. This is what Finance Minister Morneau faces as he unveiled his November 21 Fall Economic Report.

Competitiveness Challenge: Are New Corporate Tax Changes Enough?

Posted: November 22, 2018 By : Walter Harder & Evelyn Jacks
Posted in: Strategic Thinking , corporate tax, federal budget, capital cost allowance, Canadian economy, finance canada, Canadian business, Morneau, Minister of Finance, budget 2018, Fall Economic Update, Fiscal Update

Canada’s competitive advantage in the global economy has been of concern since corporate tax reforms were introduced in the United States earlier this year, and especially after Finance Canada’s ill-fated attempt to reform the corporate tax system a year ago. Finance Minister Morneau delivered his response to the current challenges by proposing the acceleration of some Capital Cost Allowance measures in the November 21 Fall Economic Update.