Finance Canada: No More Spring Budgets

Finance Canada announced on October 7 that Canada’s federal budgets will be brought down in the fall starting with the November 4, 2025 event; a significant departure from the spring schedule (February, March or April) that has been the cycle for several decades. This is going to affect many other events as we know them, and in the annual government spending approval cycle. There will also be a new budget process for capital vs. operational expenses. Here’s what you need to know:

September 15 is the date on which the third quarterly tax instalment must be remitted to CRA, to avoid interest costs on amounts owing for 2016. CRA may have sent a notice, but is the amount shown on it what is really owed?

Although the government has yet to announce the OAS rates for the fourth quarter, indexation factors specified in the Old Age Security Act indicate a rate increase of 0.9% or $5.16 per month for seniors receiving the standard rate.

Tuition funding is expensive, but there is tax relief. In our final of three reports on education funding, learn how the tax system shares in the cost with parents and students when it comes to funding a post-secondary education.

This year, the Distinguished Advisor Conference is for and about the Top Guns - the leaders of tomorrow in the tax and financial services - and we are pleased to introduce our Top Gun Sponsors who make three days of thought-provoking speakers and topics possible. RSVP by September 30.

This fall, learn an important skill that’s in demand. Retirement income planning is a skillset in high demand by the baby boomer demographic—the most affluent generation in our history. 

Passionate about sharing knowledge in financial education?  Then contact us today.