This Month’s Poll
The automobile deduction limits raised — the CCA ceiling for passenger vehicles to $39,000 plus tax for 2026. In your opinion, is that high enough?People in the News
Sarah McCurdy, a DFA-Tax Services Specialist and Certified Professional Bookkeeper with the IPBC.
Living the Canadian Dream: National Income Mobility Trends Upwards
Most parents work hard in the hope that their children will be able to enjoy a better life than they did. A groundbreaking new study recently released by Statistics Canada shows that younger generations of Canadians may indeed be reaping the benefits of that Canadian Dream.
Rising CPP Pensions: A Help or Hindrance to Retirement Savings?
Expanding the Canada Pension Plan has been a priority for the federal government from the start of their mandate. The goal is to shore up retirement income at a time when access to company pension plans is dwindling. To that end, a steep increase to CPP contribution rates looms in 2019. But will this do the trick to close the savings gap? There is debate on the issue.
Post-Tax Season Realities: CRA Outs Offenders
In the CRA’s crackdown on sophisticated or aggressive tax avoidance schemes, convictions are routinely listed on the agency’s website for all to see. But public shaming is the least of the consequences lawbreakers will have to face. Stiff fines and penalties are a much bigger issue.
Just How Tax Efficient Will Your Retirement Be?
A recent Globe and Mail article cites a Royal Bank report in which 46% of Canadians over 55 felt they weren’t saving enough for retirement. Worse still, 31% of Canadians hadn’t started saving for retirement yet. This is an opportunity that tax and financial advisors can help with. Tax refunds coming back now can be a great trigger for the question: how tax efficient will your retirement income be?
Life Purpose
“Be curious. Enjoy the process. Marvel at life and its richness as you go along.” — Dr. Susan Biali, M.D.
