Auto-Loan Delinquencies

Last week we talked about credit-card/consumer debt, and how those debt figures seem to be trending higher year after year (click here to read that post). This week, we want to look at another contributor to increasing debt figures. Since 2012, the number of outstanding auto-loans is up by 57%. GDP growth over that period... Continue Reading →

Credit Card/Consumer Debt

"Canadian Average Debt Load now up to $22,081, 3.6% rise since last year" "Canadian Household Debt reaches $1.8 Trillion..." "Canadian Consumer Debt Just Keeps Growing" These are just a few of the alarming headings that we see showing up in the mainstream press on a more frequent basis. But how much validity is there behind these statements,... Continue Reading →

The Overlooked Generation

With much media attention given to millennials and baby boomers, each for their respective reasons (millennials supposedly being entitled and lazy, and boomers because they supposedly ruined the economy), there is one generation that seems to be forgotten. That generation is, of course, the one sandwiched between boomers and millennials; Generation X. Gen X-ers, as they... Continue Reading →

Real Estate is Making Our Economy Look Weak

Recently released first quarter numbers for economic growth in Canada might seem a bit underwhelming. Stephan Poloz, the Governor of Bank of Canada, outlined 2 reasons for this; a slowing of the housing market and weak exports. However, even with the unsatisfactory results from Q1, the outlook for Q2 is still fairly optimistic. Rather than... Continue Reading →

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 →

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