Industry

Budget 2007: Some boosts for small companies

Families first Flaherty takes on regulatory reform TEMPLATE LETTER — To Clients/Prospects: The 2007 Federal Budget and your financial plan Back to main Other stumbling blocks to the exemption are ownership by the business of un-qualifying assets — such as the cash value of an insurance policy. Further, if the company owns the building it […]

By Philip Porado |March 19, 2007

5 min read

Budget 2007: Old Age Benefits

The key changes mentioned in the budget include raising the age limit where Canadians have to convert their RRSP to a RRIF from 69 to 71; introducing the idea of phased in retirement, and a $1,000 increase to the age credit to $5,066. But by far the most popular measure was pension splitting, which was […]

By Mark Brown |March 19, 2007

5 min read

Briefly:

(March 16, 2007) Canada’s national net worth reached $4.9 trillion by the end of 2006, or $150,500 per capita, Statistics Canada reported on Friday. National net worth expanded by $131 billion in the fourth quarter, up 2.7% and just off the pace set in Q3. National wealth grew by 6.7% in the year, compared to […]

By Staff |March 16, 2007

4 min read

Sub-prime not an issue in Canada

A few weeks back, the talk of the land was China and its decision to slow its growth rate. Markets tumbled and then cautiously crawled higher. The latest concern is with the stability of the sub-prime lending market n the U.S., and markets have again begun to crumble. Canada was sideswiped by the first shock […]

By Mark Brown |March 16, 2007

4 min read