Description: This week the New Brunswick government released its budget for the coming fiscal year. And one budget item got first page attention on the front page of Canada’s national newspaper, the Globe and Mail. The Globe featured an article noting how New Brunswick’s budget promises a tax cut for the wealthiest citizens in order… Read more »
Posts Categorized: Personal Tax
Waiting for tax changes
Description: During the recent federal election the Liberals, while supporting cuts in the small business tax rate, expressed concern about businesses being set up mainly to avoid paying higher rates of taxes. Now that the Liberals are in office, some doctors and lawyers fear that the new government may alter the rules on Canadian controlled… Read more »
Valeant story continues
Description: Valeant pharmaceuticals continues to be in the business press, with word this week that Goldman Sachs sold a huge chunk of CEO Michael Pearson’s shares in order to collect on a $100 million loan it had made Mr. Pearson. Apparently Mr. Pearson did not want his shares to be sold, though they had been… Read more »
Tax changes coming?
Description: Canadians are anticipating some personal income tax changes following Justin Trudeau’s election victory on October 19. The Prime Minister designate campaigned on a platform of tax breaks for the middle class while stating his intention to raise the rates of the highest income earners. All this has prompted New Brunswick’s Finance Minister, Roger Melanson,… Read more »
Tax changes coming?
Description: Canadians are anticipating some personal income tax changes following Justin Trudeau’s election victory on October 19. The Prime Minister designate campaigned on a platform of tax breaks for the middle class while stating his intention to raise the rates of the highest income earners. All this has prompted New Brunswick’s Finance Minister, Roger Melanson,… Read more »
A taxing situation
Description: The details of the tax situation are scant. But it appears negotiations have broken down between the federal Department of Justice and giant accounting firm KPMG regarding a tax haven program KPMG marketed to at least 25 wealthy Canadians. The KPMG plan appears to have offered their clients tax haven protection in the Isle of… Read more »
Lazaridis donates big to WLU
Description: Wilfred Laurier University of Waterloo, Ontario has named its business school after Blackberry co-founder Mike Lazaridis. Mr. Lazaridis has had a long association with the University of Waterloo, but he has made a pledge of $20 million to Laurier for funding an institute offering technology management skills. The government of Ontario has joined in… Read more »
Budget balancing
Description: The federal government released its budget this week, with a planned surplus of over a billion dollars. One of the tax measures for Canadians was an increase in tax free savings account limit to $10,000 per year. There were also changes in the small business tax rate. Source: thestar.com Date: April 21, 2015 Link:… Read more »
Can Canada afford it?
Description: A report released by Canada’s Parliamentary Budget Officer is raising alarm regarding the government’s plan to double the limit on Tax Free Savings Accounts (TFSAs). Both the federal government and the provinces would eventually be losing billions in revenue each year as a result of the changes. With aging populations, this raises serious questions… Read more »
Richest tax on the rich
Description: New Brunswick is in the midst of an election campaign, leading up to the September 22, 2014 general election. Some have also said the province is also in the midst of a fiscal crisis, with one popular book on the province’s future using the words “Fiscal Cliff” in its title. In an effort to… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition