Opportunity: Canadian Dollar Stabilizes, Somewhat

Things have started to turn around for the Canadian dollar in the second quarter of 2025. It hit a 22 year low in January of 2025. Investors and property owners, who have been swooning at the high burn rate in their travel plans and property maintenance abroad, may wish to consider recent more positive trends and consider some risk mitigation opportunities now that the dollar is stabilizing somewhat.  

Assist your clients with making a plan to get out of debt with the Debt Reduction Solutions Calculator. Become a certified Debt and Cash Flow Management advisor – it only takes 30 hours online.

Stand up with professionalism to potential legal challenges from CRA or other family stakeholders. Register by May 15 for early bird rates.

The tax professional is becoming a central focal point for information-gathering on behalf of the Government, and in the process can be at significant financial risk. Fees charged to clients may have to reflect this new reality as CRA continues to unveil new and more detailed forms – with big penalties for missing information.

The United States Federal Deposit Insurance Corporation (FDIC) filed a lawsuit in federal court in Manhattan on March 14th against sixteen banks, including RBC, alleging fraudulent activity in conspiring to keep a key international interest rate artificially low for their own enrichment.

In Roszco v. The Queen (2014) TCC 59, a recently released decision from the Tax Court of Canada, the issue at hand was whether interest generated from fraudulent schemes was taxable within the meaning of section 12(1)(c) of the Income Tax Act (the Act).

Are you wealthy? What’s your definition? One way to think about it is to consider: what does it take to achieve peace of mind – to be free of financial worry? Would you be truly wealthy then?