The Canadian Mortgage Conundrum

If we look back at recent history, we can all remember the global economic crisis of 2008. Of course, many of us know that this crisis was triggered by a bubble in residential housing propped up by the availability of sub-prime mortgages. The collapse of the housing market had such a widespread effect that there... Continue Reading →

New Taxes for Small Company Passive Income

The federal government made some interesting proposals for the treatment of certain taxable income for this year's federal budget. The draft summarizes the way passive investments held by small private corporations are to be treated. In this blog post we will cover a couple of important points for our farming and professional clients who are... Continue Reading →

2018 Manitoba Budget Summary

On March 12, 2018, Manitoba Finance Minister Cameron Friesen tabled the province's fiscal 2018-2019 budget. The budget contains some factors that have potential implications for both individuals and corporations. It is important that you and your accounting and legal professionals are aware of these factors, so be sure to ask them about it. Measures for... Continue Reading →

Federal Tax Changes for Small Corporations Relaxed

The updated Federal budget was presented on Tuesday of this past week. There are a few changes from the originally proposed outline are important to keep in mind. The July 2017 proposals took a somewhat draconian approach to the receipt of passive income inside small corporations (interest, rental income, and dividends received). Any passive income generated... Continue Reading →

How High Can Interest Rates Go?

For those of us that tune into the financial news regularly, we know that our central banks - both in the US and in Canada - are a little more hawkish than they've been in the past few years. In simple terms, they're raising interest rates. Slowly. Generally, interest rates only increase when economic fundamentals... Continue Reading →

Market Correction or Plow Horse Economy?

This week the mainstream press headlines were plastered with reports of an impending market correction. I saw this quotation a couple of weeks ago and thought it would be applicable to bring up here. Chief economist at First Trust Advisors, Brian Wesbury, has been  referencing the present US recovery phase as a "plow horse economy"... Continue Reading →

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