On April 19, 2021, the Federal Government released their 2021 budget. Our article contains highlights of the various financial measures in this budget, divided into three different sections:
• Business Highlights, including an extension to COVID-19 Emergency Business Supports, new programs to support job creation, and a change in interest deductibility limits.
• Individual Highlights, including details on the tax treatment and repayment of personal COVID-19 benefits (such as CERB), eligibility changes to the Disability Tax Credit, an increase in OAS for those 75 and up, and support for job skills retraining.
• Additional Highlights, including a proposed federal minimum wage of $15, changes to the GST New Housing Rebate conditions, and new or increased taxes in areas such as luxury goods, tobacco, and Canadian housing owned by non-resident foreign owners.
Insurance Planning for Young Families
Blog, Disability Insurance, Family, health benefits, Insurance, Life Insurance, Travel InsuranceAll in the Family: Estate Planning for Farmers
Blog, Estate Planning, farmersSalary vs Dividend
Blog, Business OwnersDisability Insurance and Small Business: How a Small Business Owner Used Disability Insurance to Stay Afloat While Managing Depression
Blog, Business Owners, corporate, disability, Disability Insurance, FamilyBritish Columbia 2021 Budget Highlights
2021, Blog, taxFederal Budget 2021 Highlights
2021, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, Debt, Family, financial advice, Financial Planning, incorporated professionals, individuals, personal finances, Professional Corporations, taxDo you REALLY need life insurance?
Blog, Business Owners, Family, individuals, Life InsuranceWhat’s new for the 2021 tax-filing season?
2021, Blog, taxWho Should Own My Life Insurance?
Blog, Insurance, Life InsuranceGroup Insurance vs Individual Life Insurance
Blog, Group Benefits, Life Insurance