Month: July 2017

On July 18, 2017, Finance Minister Bill Morneau released draft legislation and other proposals, currently put forward for consultation, outlining changes with respect to tax planning using private corporations. The purpose of the proposed legislation is to close perceived loopholes and deal with tax planning strategies that are only available…

For the first time in two years, the Canadian dollar climbed this week to above 80 cents U.S – powered by a strong economy, rising interest rates, and a weak U.S. currency. The Loonie’s strength weighed on Canadian stocks, pressing the S&P/TSX to a loss of 0.4%. South of the…

By Investors Group / November 2016 If you wish to leave your cottage to your children, plan ahead to get everyone on board and avoid misunderstandings. Discussing present and future plans for the family cottage is crucial as family members age and grown children might have varying levels of interest…

BY INVESTORS GROUP / JUNE 2017 For the last 30 years bonds have helped boost portfolios. With fixed income prices now falling, it’s time to rethink how these assets fit in a portfolio. You might remember the 80s for its funny hairstyles, tight jeans and a variety of new-wave music. What…

While Canada’s overnight rate hasn’t budged in a while, mortgage rates are climbing. Here’s why and what it means for you. By Investors Group / January 2017 Over the last few years, buying a home has never been easier. Ultra-low mortgage rates – often in the two to three percent range – have…

by Justin da Rosa 12 Jul 2017 The Central Bank raised its new target for the overnight rate to ¾% Wednesday, citing a confident financial outlook and above-potential growth. This despite softened inflation, which the bank judges to be temporary. “Governing Council judges that the current outlook warrants today’s withdrawal…

If you are living in Canada and are also a US Citizen, just another hoop to jump through.  Have a read below so that you stay up on your US/Canadian tax filing rules.  If you need help, give me a call. David Kindy – Investors Group Published on 1 June,…

Next week (July 12), the Bank of Canada is scheduled to announce its latest decision on its interest rate—and the possibility of an increase has not been lost on various industry observers. A hypothetical increase on the benchmark interest rate—which affects the rates that Canadian borrowers incur on their mortgages…

With governments sharing data more and more regarding its citizens, mistakes in judgment can be costly.  Have a read of this article below regarding CRA and “accused” tax evaders. David Kindy-Investors Group Published on 5 June, 2017 | by Amandeep Hayer JD (Canada), JD (US) The Canada Revenue Agency (CRA)…