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:

Taxpayers and their advisors may consider this question more frequently as CRA pushes for more electronic communications, such as the provision of email addresses on this year’s tax return.

This week I had a discussion with a client about what would happen when either he or his wife passed away. 

  The one thing about an electronic age – computers do exactly what they’re told to do – right or wrong!

The Supreme Court of British Columbia recently ruled that a bankrupt’s contingent entitlement to trust funds was property that vested with the trustee in bankruptcy as part of the bankrupts' estate.

Find out about this and more at the 2015 Distinguished Advisor Conference (DAC).  

Substantial tax reform has recently changed the rules for post-death planning for high net worth families.