Fuel Excise Tax on Hold But Inflation is Not
The U.S.-Israel war on Iran has thrown global oil prices into turmoil and there is plenty of fallout for consumers. Travelling to Europe this summer? That’s in jeopardy, as jet fuel may run out. Looking for relief at the pumps instead? The recently announced suspended federal excise tax on gasoline, unleaded aviation gasoline, diesel fuel and aviation fuel here in Canada will soften the blow, but only temporarily: it will be zero from April 20 to September 7, 2026. Here’s what you need to know:Seniors Get 1% Raise Starting in October
Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) are indexed quarterly through a somewhat complicated formula designed to keep pace with the Consumer Price Index. But we now know what the total benefit will be for 2019, and what planning needs to take place to maximize it.
September Poll: Canadians are Ready for a Meaningful Tax Reform
With the federal election in full swing, tax changes and promises abound. Last month we asked you what you really thought about one key issue: is this the right time for a meaningful tax reform in Canada? The results are in, and overwhelmingly Canadian advisors are ready for a change as 92.37% said yes. Their comments are worth the read: astute and thoughtful.
RSVP for OCT. 28 – Vantage Series: 6 CEOs On What It Takes To Win in Financial Services
Will you be in Toronto October 28? Then make sure you reserve your spot at the next Vantage Series Event on October 28 at the National Club. Get up close and personal with top CEOs on Bay Street and beyond, as they give you their views on future of wealth management. Don’t miss this opportunity to meet the leaders who will share insightful “aha” moments with you. Here are the details:
Job Vacancies Up in the East, But Not in the West
On September 20, 2019, Statistics Canada released the 2nd quarter report on Canadian job vacancies* and things are looking good for Canadian employees. Bottom line: good jobs appear to be available, with vacancy rates at their highest levels since 2015. Where are we seeing the biggest growth in job opportunities and how is the financial services industry performing? Let’s look at the numbers:
The CE Summits: Priceless Knowledge . . . That Keeps Giving Back!
WHAT’S THE TRUE VALUE OF EDUCATION? It’s priceless, especially if it prepares you to advise others to embrace financial peace of mind. Now you too can engage in sharing knowledge with top experts and their best tips on year-end planning information on personal and corporate tax, and retirement and estate planning. Plus, if you enrol by October 15, you will receive $465 in extra value savings.
Employment Insurance Rates Reduced for 2020
On September 13, the Canada Employment Insurance Commission announced the maximum EI insurable earnings and the premium rate for 2020*. The new premium rate and maximum insurable earnings will affect the first payroll of 2020. Here’s how:
