News Room

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.  

Budget 2015: What’s in it For You

How did the Pre-Election Budget help you? We've included several scenario's in this report to help you consider whether you were a winner. 

Scenario 1: Young Couple No Children

Michael and Jessica are a young couple living in their condo in Vancouver.  How will the budget affect them?

Scenario 2: A Young Family

Matthew and Ashley live in Winnipeg. They have two children, ages 3 and 5.  They own their own home. 

Scenario 3:  Retired Couple with RRIFs

Brian and Patricia retired a few years ago.  Brian is 74 and Patricia is 72.  The couple live in Halifax, NS and have RRIF balances of $300,000 and $400,000 respectively.

Scenario 4:  Seniors Without TFSAs

Robert and Jackie are contemplating retirement.  Robert is 65, earns $55,000 from employment and also receives a $24,000 pension.

Scenario 5: Single Taxpayer – No Children

Glen is single, age 55.  He lives alone in a rental apartment in Hamilton, Ontario.  His current salary is $55,000.  His rent is $1,000/month.
 
 
 
Knowledge Bureau Poll Question

Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?

  • Yes
    343 votes
    69.86%
  • No
    148 votes
    30.14%