Today, Canada’s Finance Minister Bill Morneau provided the federal fiscal snapshot. It was forecasted that the deficit is estimated at $343.2 billion as a result of reduced revenues due to the economic shut down and additional, unexpected stimulus spending to support residents and businesses.
The charitable sector is facing a considerable challenge. COVID-19 has increased the demand on services that support our community’s most vulnerable—and decreased non-profit resources to provide these supports. Sadly, this lack of resources is also limiting these organizations in their ability to fundraise for donations they desperately need.
If you’re thinking of hitting the “pause” button on your mortgage, be mindful that a deferral is not mortgage forgiveness; the payment is being delayed and the interest accrued during that period of time is added to the balance owing; directly impacting the total interest you’ll pay over the long term.
As tax season quickly approaches, many of us are re-evaluating our finances and looking for the best place to put our money. RRSPs and TFSAs are two popular investing options that can help grow your savings. But what’s the difference, and how do you choose the right one for you?
“With the new powers for the B.C. Securities Commission coming into effect, people can feel confident knowing that B.C.’s investment markets are protected by the strongest enforcement powers in Canada,” said Carole James, Minister of Finance.
This type of crime cost Canadians well over $1 billion a year in added insurance premiums, and strains our already burdened health care, emergency services and court systems.
A poll hosted on the Angus Reid Forum for Coast Capital Savings suggests 29 per cent of British Columbians surveyed established a 2019 holiday spending budget – well below the 51 per cent who responded in a November survey that they would do so.
After a successful first year of targeting speculators, the speculation and vacancy tax’s (SVT) second year will see the tax rate for foreign owners and satellite families rise to 2%.
Your child has started going to school. Have you started the RESP? In September, school-aged children start their school year and grown up students join post-secondary education. Since the cost of education in Canada is quite high, in order to ease the financial burden of parents, the government has designed a unique educational savings program namely RESP.
Coast Capital encourages consumers to avoid over spending this holiday season by planning ahead
