Should Deposit Insurance Be Raised from $100,000?

The Canada Deposit Insurance Corporation’s (CDIC) deposit protection is automatically applied when investors deposit money with a member bank or credit unions.  The object is to protect depositors should a bank fail.  The good news?  There has not been a deposit insurance payout in almost 30 years.  But now the framework is under review and both advisors and their clients may wish to weigh in, in particular because the deposit insurance limit is currently only $100,000 in specific deposit categories. 

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The Income Tax Estimator is a simple calculator that will help quickly and accurately determine the total income, net income, taxable income, non-refundable credits, and taxes payable for either a single taxpayer or a couple. Federal GST/HST Credits and Child Tax Benefit amounts are also estimated.

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CRA reveals that Social Insurance Number data for 900 taxpayers was accessed through its systems due to the Heartbleed bug.

The 2014 Nova Scotia provincial budget was tabled on April 3, 2014. The budget contained no new taxes or credits, but it did contain several adjustments.

The Newfoundland and Labrador provincial budget was presented on March 27. The budget contained a number of tax changes.