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.Mark Your Calendar - Personal Tax Bootcamp
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Knowledge Bureau Designate Highlight: Sharon Timson
Join Knowledge Bureau in congratulating Sharon Timson in achieving her DFA – Tax Services Specialist™ Designation.
No More Paper Refund Cheques?
With a target date of April 2016, CRA is moving closer to the elimination of cheques and manual payments and towards full electronic banking for businesses.
EverGreen Explanatory Notes have been updated!
Have you noticed EverGreen Explanatory Notes have been updated?
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