Spring Economic Statement: April 28, 2026
April 15, 2026: Ottawa, Ontario - Yesterday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced that he will table the Spring Economic Update 2026 on Tuesday, April 28, 2026. In the Spring Economic Update 2026, the government will provide an update on its plan to build the strongest economy in the G7, and outline additional actions taken to drive prosperity, play to Canada’s strengths, and support Canadians where and when they need it most.Succession Plan Start-Up: An 18-Point Checklist
A financial plan matters, a lot. Yet, close to 50% of Canadians don’t even have a budget. Further, only about 30% of Canadians knew what a financial plan is and how it could help them. That means there is a lot of potential for collaboration to get better financial results and achieve more financial goals.
Upcoming Tax & Financial Deadlines
As tax season picks up speed, there are some important dates and deadlines coming up to make note of and discuss with your clients.
Need IIROC Compliance Credits?
Privacy of confidential financial data is an important issue to your clients and no wonder: Statistics Canada says that about 57% of Canadians online reported experiencing a security incident in 2018. Do you know how to avoid privacy risks that may arise in your business? A new online certificate course, Privacy Principles in Business addresses many of the security issues that concern business owners these days, and now you can earn 10 compliance credits from IIROC by completing this cutting-edge course.
May 1: Deadline for Outstanding 2020 Balances
There is an important deadline coming up for those who received a reprieve on their 2020 outstanding balances: interest will accrue on that balance starting May 1, 2022. Who does this deadline apply to?
Canada Child Benefit Young Child Supplement (CCBYCS)
Last summer, the government announced a new temporary supplement for families with children under the age of 6 entitled to the CCB: The Canada Child Benefit Young Child Supplement. Those who have not tapped into this program and had eligible children in 2021 still have until the end of 2023 to become eligible for the CCBYCS payments. That means that they must have applied for the Canada Child Benefit and filed their 2019 and 2020 return by that deadline.
Tax Tip: Can Employees Claim the Cost of an Assistant?
The short answer is yes, employees can write off the cost of hiring an assistant if required to perform their employment duties, as verified by their contract of employment and a signed form T2200 Declaration of Employment Conditions by the employer. Here are the details you need to know:
