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.Bitcoins: CRA’s Take
The Canada Revenue Agency (CRA) recently released an article titled “What You Should Know About Digital Currency”.
Tax Treaty Between Hong Kong and Canada Ratified
The income tax treaty that was first signed on November 11, 2012 between Hong Kong and Canada (the Treaty) was officially ratified and declared in force as of October 29, 2013.
Claiming Home Office Costs – Plan Carefully for Year End
Can employed and self-employed people claim the same expenses for home offices at tax time? The answer is no. Whether you are employed or self-employed matters; the following checklist can help you determine where your deductions fit.
Microsoft Loses at Supreme Court
Microsoft Canada had been illegally overcharging for its Intel-compatible PC operating systems and software since 1988. This was claimed in a class action lawsuit against Microsoft Corporation, Microsoft Canada Co. and the Attorney General of Canada (Intervener), by Pro-Sys Consultants Ltd. and Neil Godfrey at the Supreme Court of Canada.
Canada’s Triple A Rating Has Been Reaffirmed
On November 13th, the Honourable Jim Flaherty, Minister of Finance, issued a positive affirmation of Canada’s credit rating.
What is a Home Relocation Loan?
Sometimes an employer will require an employee to relocate to another part of the country. In such cases, it is not unusual for a low-interest or interest-free housing loan to be granted to cushion the costs of the move.
