This article was originally published in Grainews. Grainews is an agricultural based publication written for farmers, and often by farmers, in a style they understand. Don and Erik work closely with author Andrew Allentuck, providing the background financial plans and theoretical analysis for Andrew's Farm Financial Planner column. The Farm Financial Planner column has recently... Continue Reading →
A recent news article stated that 48% of Canadians are on the brink of insolvency. This article was based on a recent study conducted by MNP Ltd which defined "The brink of insolvency" as being $200 or less away from insolvency every month. This figure has increased by two per cent from last quarter when... Continue Reading →
Last week we talked about Generation X and the tendency for them to be the overlooked generation. We also established that the average Gen Xer was rather ill-prepared for retirement relative to their stage of life. If you missed that blog post you can read it here. For those of you that felt uncomfortable thinking... Continue Reading →
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 →
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 →
In July of 2017, the federal government released proposals aimed at limiting opportunities for shareholders of privately held corporations to split income with family members. There was a significant backlash from both business and tax communities. Due to this backlash, the federal government amended their proposal and released the revised proposal in December 2017. The federal... Continue Reading →
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 →
Most of you will have seen Bitcoin and Cryptocurrency headlines in the mainstream media popping up more frequently in the last few months. We have fielded several questions from clients asking if Bitcoin is a good investment. Personally, I have been following Bitcoin since 2010, and have been keeping a keen eye on how it... Continue Reading →
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 →
