Tax and Financial News | Knowledge Bureau

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.

DAC Acuity 2022: Incorporating Alternative Investments into Client Portfolios

An exciting development over the past few decades has been the democratization of alternative investments, bringing these once exclusive set of investments to an ever-increasing group of investors. Advisors must be ready to discuss these products and help their clients navigate the risks and opportunities within the current market. The alternative investment session at DAC Oct 16-18, led by Jennifer Louth, Sr. Learning Consultant FT Academy, Franklin Templeton, covers all of that and more.

Right Approach? OAS Increase for 75+ Seniors

Last month’s poll in Knowledge Bureau Report asked “Do you think that seniors over the age of 75 should continue to get the 10% increase in their Old Age Security benefits which began in July of 2022?” Overwhelmingly the answer was yes: 89% for it; 11% against. The comments that accompanied the vote were eye-opening.

New Luxury Tax: On Bentleys, Boats and Some Items Over $100,000

In the April 2022 Federal Budget, the government announced its intention to add an additional tax on “luxury items.” This new tax was included in Bill C-19, which became law on June 23, 2022, and collection of the tax began on September 1. Items sold prior to September 1 are not subject to the tax even if delivery takes place after September 1.

Risk Management Reviews Important in Light of Higher Inflation

With the recent spike in inflation, planners need to re-evaluate their financial plans. I’ve previously written about revisiting the long-term mortgage amortization projections with rising interest rates and the impact of rising costs to cash flow (With Mortgage Rates Rising, Revisit Financial Plans).