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.  

 Veteran economist Patricia Croft admits it: she is a Canadian-dollar bull. "Parity against the U.S. dollar is the new normal,” she says.

As part of the federal government's commitment to financial literacy, the website of the Financial Consumer Agency of Canada is now home to the innovative Your Financial Toolkit.

"Shell companies” — those companies that exist only on paper and possess no real employees or assets — can be used legitimately, but a new study reveals just how easy it is to set up a shell company for illegal purposes.

At Thanksgiving we gather to share our gratitude withthe people who support us all year long, family and friends—yes, but also our wonderful staff.The tax system makes it easy to do so; employers can selectfrom a series of tax-free benefits, to show their appreciation for their staff's contribution.

DISTINGUISHED PRACTICES: Tips for Real Wealth Managers™. A July Tax Court of Canada decision clarified the importance of the location of a business for the purpose of tax exemption.

 As part of its Red Tape Reduction efforts, the Canada Revenue Agency (CRA) has created a dedicated team that is charged with cutting red tape for small businesses, thereby enhancing service.As part of its Red Tape Reduction efforts, the Canada Revenue Agency (CRA) has created a dedicated team that is charged with cutting red tape for small businesses, thereby enhancing service.