H&M Financial Blog

Bank of Canada eases up on rate-hike accelerator

The bank of Canada indicated it’s in no rush to cool an economy that is very close to running up against capacity constraints, citing a long list of worries ranging from gains in the Canadian dollar to risks associated with growing protectionism in the US.

To read the entire article click here.

Liberals to target ‘most wealthy’ with updated tax proposal

Finance Minister Bill Morneau is adjusting his tax proposals on passive income so only three percent of the “most wealthy” privately owned corporations will have to pay higher taxes.

To read an update on the budget click here.

Liberals trimming small business tax rate to stanch political bleeding

Prime Minister Trudeau also says the government won’t be changing the lifetime capital gains rule.

The Trudeau government took the first of several steps Monday to stanch the bleeding from a self-inflicted political wound, resurrecting a campaign promise to cut taxes for small businesses outraged by it’s controversial tax-reform proposals.

To read the entire story click here.

Budget 2017 Update

The B.C. NDP government has tabled it’s first budget.  It will raise taxes on corporations and high-income earners to help pay for new spending on education, affordable housing and the ongoing overdose crisis.

To read an update on the budget click here.

 

11 things to know about B.C.’s 2017 budget update

The B.C. NDP has added significant new spending in its 2017 Budget update, which is its first financial plan since it took office.

For the 2017/2018 fiscal year, the government will spend $51.9 billion, nearly $2 billion more than the B.C. Liberals planned to spend in their February budget, which was never passed.

To read the complete article click here.