This Month’s Poll
Do you agree with the government’s plan to introduce the new Canada Groceries Essentials Benefit (CGEB)?New Luxury Tax: On Bentleys, Boats and Some Items Over $100,000
In the April 2022 Federal Budget, the government announced its intention to add an additional tax on “luxury items.” This new tax was included in Bill C-19, which became law on June 23, 2022, and collection of the tax began on September 1. Items sold prior to September 1 are not subject to the tax even if delivery takes place after September 1.
Risk Management Reviews Important in Light of Higher Inflation
With the recent spike in inflation, planners need to re-evaluate their financial plans. I’ve previously written about revisiting the long-term mortgage amortization projections with rising interest rates and the impact of rising costs to cash flow (With Mortgage Rates Rising, Revisit Financial Plans).
