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Will you have to pay a new tax on your luxury items?
On Sept. 1, 2022, the Luxury Tax Act came into force which imposes a tax on the sale and import of certain vehicles, aircraft, and vessels exceeding a specified price threshold.
Canada’s jobless rate rises off its record low
Canada lost 40,000 jobs in August, bringing the unemployment rate up to 5.4% from its record low in July as construction and education led the declines.
Long Term Care Insurance – Explained
WEALTH MANAGEMENT RESOURCE Long Term Care Insurance Explained Executive Summary Our population is getting older, and the life expectancy in this country continues to grow. Today, 65-year-old Canadians live on average to age 87 (men) and 89 (women). As people age,...
After a strong recovery in Canada, economic headwinds set in
The Canadian economy has had a year of robust recovery, but now that growth is slowing as economic headwinds set in.
Post pandemic new hybrid-work era and related tax considerations
The pandemic has led to an increase in remote work. This article discusses the tax considerations and pitfalls of implementing a hybrid-work model in order to adapt to an evolving global workforce.
Home office and permanent establishment for non-resident corporations
Home office(s) in Canada may constitute a permanent establishment of the non-resident corporation in Canada if the employer requires the employees to work from home.
RESP Withdrawal
WEALTH MANAGEMENT RESOURCERESP WithdrawalSo, you’ve saved for your child’s education within a Registered Education Savings Plan (RESP), hoping that they will pursue post-secondary education one day. Congratulations! They are enrolled! For all these years, your...
Canada inflation hits 8.1% but shows signs of softening
Inflation reached 8.1% in June in Canada, the highest since January 1983, although the pace of the increase eased compared to previous months.
Bank of Canada raises its policy rate by 1% to tame inflation
The Bank of Canada announced a 100-basis-point rate hike on Wednesday, the largest increase since 1998, in an attempt to restore price stability.
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