Budget extends Canada Child Benefit, sets up autoenrollment for RESPs
Government also allocates $60 million toward free financial advice
- By: IE Staff
- April 16, 2024 April 16, 2024
- 18:57
Government also allocates $60 million toward free financial advice
Central bank digital currencies will be classified separately, but also have new reporting standards
Maximum annual benefit is $2,400, and payments expected to begin in July 2025
Automatic tax filing pilot to benefit low-income Canadians
Feds propose Canadian Entrepreneurs’ Incentive
The death benefit has been doubled for some contributors
Budget 2024 provided details on how exiting business owners can qualify
Individuals can claim 80% of donation tax credit, up from previously proposed 50%
Higher new rate applies on gains above $250,000 for individuals, and all gains realized in corps and trusts
Government keeps $40-billion deficit from rising in annual budget
U.S. consumer inflation was most recently reported at 3.5%
Risks remain to the downside for economy, Desjardins says
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales