Industry News

Budget leaves families perplexed

Canadian families are bound to be confused. Finance Minister Jim Flaherty’s federal budget vows to slash the deficit but there are few details on how the conservative government plans to do so. With a budget firmly focused on businesses, large and small, there was very little for most families to rejoice about except for the […]

By John Powell |March 4, 2010

3 min read

Budget a mixed bag for the wealthy

The 2010 budget brought no big surprises for Canada’s wealthy, but then it brought no real disappointments either. A cash-strapped government struggling to balance a record $56 billion deficit, gave up very little in the way of tax cuts or incentives. But as John Nicola, partner and financial advisor at Nicola Wealth Management, points out, […]

By Kanupriya Vashisht |March 4, 2010

7 min read

Tax tinkering and closing loopholes

It’s being touted as a jobs and growth budget, with neither tax increases nor major new tax relief. Aside from some targeted measures that should benefit the disabled, charities and families, there’s little to attract the attention of advisors in Finance Minister Jim Flaherty’s latest economic blueprint. “The government was pretty clear that there weren’t […]

By Doug Watt |March 4, 2010

6 min read

Budget opts for austerity plan

Canada’s military and the world’s downtrodden were the biggest losers in federal Finance Minister Jim Flaherty’s latest budget, unveiled Thursday in Ottawa. It lays out a plan to return to balanced budgets by the middle of this decade, which contemplates reduced growth in spending on defence and international aid. The plan was largely consistent with […]

By Matt McClearn |March 4, 2010

4 min read