Industry News

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Industry

The big little complicated tax cut

If you have a client selling a house anytime soon, you might want to tell them to push their closing date to July 1. As expected the Conservatives cut the GST to 6% in Tuesday’s federal budget. The reduction to the GST represents 33% of the tax relief from the $26.2 billion in cuts across […]

By Mark Brown |May 2, 2006

5 min read

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Industry

Soft greenback has many fund indices seeing red in April

With the shine on gold in April it’s tempting to turn a blind eye to how the falling greenback has cut into Morningstar Canada’s fund indices. But for some sector specific funds, the 4% depreciation of the U.S. dollar meant those cuts were swift and, in some cases, deep. According to Morningstar Canada’s preliminary figures, […]

By Mark Brown |May 2, 2006

3 min read

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Industry

Promises, promises: Flaherty sticks to campaign script

With the budget coming so close on the heels of the election that landed Stephen Harper’s Conservatives in power, the government had little choice but to address their promises so recently made. But seemingly in recognition of the minority status of this government, much of the immediate tax relief is focused on the consumer. In […]

By Steven Lamb |May 2, 2006

5 min read

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Industry

Budget in a plain blue suit

There are no grand gestures in Finance Minister Jim Flaherty’s inaugural budget. It’s more slender than previous Liberal budgets and, like the Tory party, comes cloaked in blue. But the headline number of $20 billion in tax cuts is meant more for consumers, students and families, rather than investors. And, gone are the extensive last-minute […]

By Scot Blythe |May 2, 2006

4 min read