Red Ink on the Prairies

A day after Quebec’s Finance Minister Eric Girard brought down a Budget featuring a $6.3 Billion deficit, Saskatchewan’s Finance Minister Jim Reiter tabled his government’s budget on March 19. Next up was Finance Minister Adrian Salas, who tabled the Manitoba Budget on March 24. The common thread: there’s lots of red ink on the Prairies. But that’s where the budget documents differ between Manitoba and Saskatchewan. Here’s the latest tax news and why it matters to the advice you give your clients.

South of the border, our American friends have proposed new legislation aimed at imposing sales tax on customers shopping at large online retail websites.

With very minor exceptions, the definition of “income” used to determine the amount of the Guaranteed Income Supplement is the same as “Net Income” under the Income Tax Act. 

We continue our Synthetic Dispositions series this week with a look at a total return swap.

Are you ready to grow your business?  According to Statistics Canada[1],  the top three reasons businesses fail is lack of vision, lack of knowledge, and the inability to use outside advisors effectively. 

There are many sources of tax exempt income of which most people are unaware. Here's the tax secret...

Winnipeg, MB.  Under the theme, Back to the Future, delegates at the DAC (Distinguished Advisor Conference), will explore opportunities to build on past successes and experiences in a changing environment for both tax and financial advisors.