Here are the latest news on the government’s proposed tax measures to address tax planning strategies used by private corporations.  ·         Liberal MP Wayne Easter, Commons Finance Committee chair, has voiced out his stand on the government’s announcement of the proposed tax measures.  He denounced the government’s proposals saying it has wrongly portrayed small business owners as tax cheats.  ·         Other Liberal MPs are requesting for an extension to the October 2 deadline for public consultations on the government’s proposals.  Many said additional consultations are needed. ·         Tax expert Kevyn Nightingale, an accountant with MNP, said MPs are right to call...
Continue reading
Rate this blog entry:
0
A recent Financial Post article, “Two-thirds of Canadian households saving for retirement, census suggests,” shows the result of a 2016 survey by C.D. Howe Institute that suggests that two-thirds of households are setting aside money for retirement.  According to the article, the rate of retirement savings for employed individuals has almost doubled in recent decades.  65.2% of 14 million households have made a contribution in 2015 to one or more of the three major savings vehicles such as RRSPs and TFSAs. Income earners aged 35 to 54 made more use of registered pension plans and RRSPs while income earners below 35...
Continue reading
Rate this blog entry:
0
We continue with some more information from the latest survey of the Canadian Payroll Association.  On our last blog, we showed how the survey showed a clear picture of how many Albertans are living:  living paycheque to paycheque, living with high levels of spending and low rates of savings. Another aspect of this 2017 survey shows the high debt levels and the retirement delays experienced not only by Albertans but by many working Canadians.  In the survey, 35% of working Canadians and 40% of Albertans feel overwhelmed by their level of debt.  In addition to this, 31% of the respondents nationally...
Continue reading
Rate this blog entry:
0
The Canadian Payroll Association recently published its latest survey that pretty much paints a picture of how many Albertans live.  And it is not a very pretty one.  The 2017 survey confirms that many Albertans are living with significant debt despite the positive economic outlook this year. According to the survey, 47% of working Canadians and the same percentage of Albertans said they would find it difficult to meet their financial obligations if their paycheque was delayed by even a single week.  On a national level, the survey shows higher numbers: 55% of millennials in their 30s and 51% of Gen...
Continue reading
Rate this blog entry:
0
Subscribe

If you have a question about one of our products or services, please do not hesitate to contact us!
Please Enter Your Name
Please Enter A Valid Email
Please Enter Your Phone Number
Please select your preferred method of contact.
Refresh Please letters shown!

KD Professional Services
Monday-Friday 9am- 5pm
102, 221 18th Street SE
Calgary, AB, T2E 6J5

403-219-0602
403-219-0603

Read our Tweets