Christopher Bagshaw - Investors Group

01/25/2018

The 2018 outlook video features Todd Mattina, Chief Economist and Strategist at Mackenzie Financial. Learn more about how the cyclical upswing in many major ...

11/24/2017

Personal income tax

New personal income tax reduction

The government announced a general personal income tax reduction as of 2017 which will consist of a one-percentage-point decrease in the tax rate applicable to the first income tax bracket — the income bracket not exceeding $42,705 for 2017—from 16% to 15%.

In conjunction with the reduction in the lowest tax rate, the conversion rate for personal tax credits will be reduced from 16% to 15%. However, adjustments will be made to certain personal tax credits to maintain the level of tax assistance granted to households. For example, the amount for other dependents will increase from $3,907 to $4,168 so that the value of the credit remains the same. The basic personal amount will not be adjusted, thus each taxpayer will receive a tax cut of up to $278.

Support of minor children

The government is announcing the payment of an annual supplement of $100 per child of school age for the purchase of school supplies. This amount will be paid every year in July by Retraite Québec.

The exception will be in 2018, when the government will make two $100 payments. The first payment will be made in January 2018 for the school year that started in September 2017, and a second payment will be made in July 2018 for the school year starting in September 2018.

The supplement will be granted to families with children who are 4 to 16 years of age on September 30 of the school year in question, regardless of the parents’ income.

10/13/2017

Financial issues

:60 TV spot with a long buildup to a semi-funny punchline. Does the spot need to be 60 seconds long? Not really. And what kind of audience is the bank after?...

10/12/2017

The family cottage – it’s a home full of memories and a family destination you don’t want to let go. So how do you keep it in the family in a way that provid...

09/20/2017

Bump up your net worth and your lifestyle with these income-increasing tips.,Bump up your net worth and your lifestyle with these income-increasing tips.

09/18/2017

Janice Lee is remarkably well-insured for a 22-year-old with no dependents. A medical student at McMaster University in Hamilton, Ont., she receives a complimentary $100,000 life insurance policy through the Ontario Medical Association, and a 75% discount on premiums for disability insurance. “I sig...

08/25/2017

It took me four years of researching, experimenting, and a lot of excuses, to finally reach a point where waking up early as a habit is…

08/23/2017

Whether you knit or play darts, your downtime activities have big benefits — they may even help you work better.,Whether you knit or play darts, your downtime activities have big benefits — they may even help you work better.

07/12/2017

The Bank of Canada raised interest rates for the first time since 2010, citing a recent acceleration of growth that it predicts will eliminate fully the economy’s economic slack by the end of this year.

06/30/2017

How to answer common client questions about OAS reductions