The following Economic and Fiscal Update has just been posted on the Finance Canada Site Economic and Fiscal Update 2006
The following News Release or Speech has just been posted on the Finance Canada Site. The Honourable Jim Flaherty, Minister of Finance, today released Advantage Canada: Building a Strong Economy for Canadians, a long-term, national economic plan designed to make Canada a true world economic leader. The plan, unveiled along with Minister Flaherty’s Economic and Fiscal Update, features a new national objective to eliminate Canada’s total government net debt in less than a generation and further reduce taxes for all Canadians. “The Canadian economy as a whole is performing extremely well and is among the fastest growing in the G7,” [More]
Nothing wrong with this concept commercial – In fact, I liked it. A television commercial for Liberty Mutual produced by advertising agency Hill Holliday. Features people doing good deeds for strangers, which inspires onlookers to do the same. Source: … Catching up in my Bloglines, with a heads up from the All Financial Matters Blog
UPDATE: Congratulations to B.C. Lions with their 25-14 victory over Montreal .. and I hope that guy that fell off the railing is okay!
Ugh .. what a mess of completed sets of many files that I have taken down to my filing room, but have yet to actually file. And, worse yet – about 1/2 of them have been since the April-June/2006 personal tax season! But – I have burned a new CD last weekend (see the list of songs here!) and cranked all afternoon since about 1:30pm .. Yup .. another day of no billable work done! However, filing constitutes work .. even though it is non-billable – it is necessary! And, as alot of the files are upstairs here, and all [More]
The following News Release or Speech has just been posted on the Finance Canada Site. Release of The Fiscal Monitor The Honourable Jim Flaherty, Minister of Finance, today released The Fiscal Monitor for September 2006. Highlights September 2006: budgetary deficit of $1.4 billion There was a budgetary deficit of $1.4 billion in September 2006, compared to a $0.2-billion surplus in September 2005. Revenues increased by $0.3 billion, or 2.0 per cent, driven by strong growth in income tax revenues, partially offset by a drop in goods and services tax (GST) revenues, reflecting the cut to the GST rate on July [More]
I previously wrote back in August 2006 … Hey Other Adsense Users! Found a nifty little software utility today … (from catching up on my unread Blogline feeds and a heads up from Dominic Foster’s Accidental Entrepreneur blog). It’s called: AdSenseLOG – from Metalgrass Software. “a tool for checking and analyzing your Adsense ads data (Content, Search, Custom/URL channels and Referrals). This tool is aimed at site owners who use Adsense in their sites. Previously, when I first tried it .. I downloaded their version 3.0.4 .. and the pricing structure was as follows: AdSenseLog comes in three flavors: Free, [More]
I use these 8 stamps almost every day in my business I’ve been busy inputting a lot of source documents and my stamps are starting to fade .. I need to replenish my office supplies soon! And, then I thought .. .. I wonder if it is interesting to anybody .. that I always use these same 8 stamps over and over … 1) POSTED – for when I’m entering information, other than cheque stubs … I will stamp the face of bank statements after they have been entered, copies or originals of posting sheets .. etc. I don’t want [More]
You probably have been running into many different sponsored reviews of around the internet … and I am glad to say .. You Won’t See Any Here I’ve got my reasons.
Canada Employment Insurance Commission to Reduce EI Premium Rates for 2007 Ottawa, November 9, 2006 2006-066 The Honourable Jim Flaherty, Minister of Finance, today welcomed the decision by the independent Canada Employment Insurance Commission to reduce employment insurance (EI) premium rates for 2007. For employees, the premium rate will fall to $1.80 from its current level of $1.87 per $100 of insurable earnings, effective January 1, 2007. The rate paid by employers will be reduced to $2.52 from $2.62 per $100 of insurable earnings. The Report of the Human Resources and Social Development (HRSD) Chief Actuary, which draws upon economic [More]
Ottawa, November 9, 2006 2006-065 Canada’s New Government Strengthens the Income Tax System The Honourable Jim Flaherty, Minister of Finance, today tabled a Notice of Ways and Means Motion in the House of Commons to prevent tax deferral and avoidance through the use of foreign investment funds and trusts. The Motion proposes to tighten the income tax rules, responding to concerns raised by the Auditor General. “Our new government is committed to a tax system that is both competitive and fair,” said Minister Flaherty. “The Motion we tabled today will amend existing income tax rules to help ensure that income [More]
Investing in stock symbol CNPM? (now CNPM.PK on OTC Market) Today – it’s “last” shows it $6.00 .. what a joke! * DO NOT INVEST From tips Received in your Email! (Do I have to say that?) I’ve been getting quite a bit of spam lately, with the subjects like… It’s Abby 🙂 It’s Abdul 🙂 It’s Ada 🙂 It’s Adrian 🙂 It’s Al 🙂 It’s Alex 🙂 It’s Alexandria 🙂 etc etc .. and other names … like: Barbra, Benito, Bethany, Beverly, Carey, Carlos, Cassandra, Cesar, Charlie, Chuck, Claude, Cornelia, Curtis, Darcy, Dee, Della, Denis, Dino, Donald, Donnell, Earl, [More]
I have been posting around the week of the 10th of each month a “THANK-YOU” post, like this one, to all the advertisers from the previous month listed as at month end. That’s a permanent link in this blog, under the category heading which I call .. “Sponsor Appreciation”. I know it’s hard out there trying to figure out where to spend your advertising dollars .. and well .. THANKS for considering 1-8-0-0-H-A-R-T. You may now advertise on this site in the form of Text Link Ads. I should note that the link in the previous sentence is an affiliate [More]
The following News Release or Speech has just been posted on the Finance Canada Site. The Honourable Jim Flaherty, Minister of Finance, today released final regulations to provide temporary funding relief for federally regulated defined benefit pension plans. The measures cover defined benefit pension plans established for employees working in areas that fall under federal jurisdiction—about 10 per cent of all plans in Canada. In recent years, declining long-term interest rates, as well as changes to actuarial standards, have contributed to solvency deficits—the amount by which a plan’s liabilities exceed its assets. The regulations, announced in Budget 2006 and pre-published [More]
Darren over at Blog-Republic blog started an interesting post today .. (well, interesting to me anyway – go see my comment) .. Pre-writing Blog Posts And Posting Later. As you may have noticed that I have many blogs in the HART-Empire Network and I thought you might be wondering how I can keep up with them all .. Now I will tell you: I’m having trouble keeping up with them all and have to pick and choose sometimes which ones to nourish and which ones to grow flowers and sit with no new posts. Fortunately, on the slower blogs I [More]
Rick Mercer Sleeps Over at The Harpers! BTW … Rick Mercer .. is from This Hour Has 22 Minutes fame and currently the Mercer Report … 24 Sussex is home of our Prime Minister of Canada
Powerpoint Slideshows … I’ve got a bunch … over HERE .. but I thought I would solicit anybody reading this message .. and ask if you have any MORE Powerpoint Slideshows that are interesting and amusing, that would go nice in my collection! They probably have .pps or .ppt extension. Maybe you’ve received some neat ones in YOUR Email too? I just thought I would ask! So … if you want to share … please send me your attachment via email .. to .. hart (at) 1800HART (dot) com Thanks in advance! (if sending me anything) … No viruses please. [More]
Mmmmm .. HART’s Famous Pasta Salad .. Yummy! 🙂 Well .. my wife thinks it’s famous anyway … Click on the picture for the recipe!
November 3, 2006 The Honourable Jim Flaherty, Minister of Finance, will be the guest speaker at the Canadian Urban Transit Association Fall Conference and Trans-Expo 2006 on Monday, November 6, 2006. The Minister will begin his address at approximately 9:00 a.m. Minister Flaherty will discuss the steps Canada’s New Government is taking to encourage the use of public transit, strengthen infrastructure, and reduce the tax burden to create a more competitive and prosperous economy for Canadian families and businesses. The event will take place in the Concert Hall at the Fairmont Royal York Hotel, 100 Front Street West, Toronto, Ontario. [More]
Release at 8:15 a.m. EST Ottawa, November 3, 2006 2006-062 Official International Reserves – Official International Reserves 2006 – The Department of Finance announced today that Canada’s official international reserves decreased by an amount equivalent to US$374 million during October to US$35,643 million. Details on the level and composition of Canada’s reserves as of October 31, 2006, as well as the major factors underlying the change in reserves, are provided below. All figures are in millions of US dollars unless otherwise noted. …… MORE:
CPP pensionable earnings ceiling for 2007 up to $43,700 Ottawa, November 2, 2006… The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2007 will be $43,700-up from $42,100 in 2006. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada. Subject: Media room News release Contributors who earn more than $43,700 in 2007 are not required or permitted to make additional contributions to the CPP. The basic exemption amount for 2007 remains $3,500. Individuals who earn [More]
HART-Empire Network II – RSS Feed Listed above is the Site URL and RSS Feed URL to our “Network #2 Blog” .. over at the HART-Empire Network … I hope you check it out! HART-Empire Network II is our newest blog that reposts summaries and headlines from 100% of all blogs in our network. So, if you want to see it all in your Bloglines or other feed reader of choice … now all you need to choose is just one combined feed! (Oh .. you can keep this feed in there too :D) Enjoy!
Background In Manitoba, if you are a licensed establishment and can sell Beer, Liquor and Wine .. you need to account for the purchases in the accounting records. It can be difficult, because most of the time (I believe), the Manitoba Liquor Control Commission (MLCC) holds on to preauthorized blank cheques .. the hotel or establishment just places an order, and a cheque is issued, or automatically debited out of the company’s bank account. There are usually invoices emailed to the business and just packing slips included with the shipments. In Manitoba, Vendors selling Beer have a special price. The [More]
Ottawa, October 31, 2006 Statement by the Honourable Jim Flaherty, Minister of Finance Ottawa, Ontario Annual lists 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 Ottawa, October 31, 2006 Statement by the Honourable Jim Flaherty, Minister of Finance Ottawa, Ontario Check against delivery ——————————————————————————– Good evening: I am here tonight to announce our new Tax Fairness Plan for Canadians. It’s a plan designed to level the playing field between income trusts and corporations. The measures I am bringing forward today are necessary to restore balance and fairness to Canada’s Tax System. They are necessary to ensure [More]
Ottawa, October 31, 2006 2006-061 Canada’s New Government Announces Tax Fairness Plan The Honourable Jim Flaherty, Minister of Finance today announced a Tax Fairness Plan for Canadians. The plan will restore balance and fairness to the federal tax system by creating a level playing field between income trusts and corporations. “The measures I am bringing forward today are necessary to restore balance and fairness to Canada’s tax system, to ensure our economy continues to grow and prosper and to bring Canada in line with other jurisdictions,” said Minister Flaherty. “Our plan is the result of months of careful consideration and [More]
News Release Government delivers innovative $2 million program for charities and non-profit organizations Ottawa, Ontario, October 31, 2006 – The Honourable Carol Skelton, Minister of National Revenue, announced today that registered charities and non-profit organizations can begin applying for funding through the Charities Partnership and Outreach Program. Successful applicants will deliver education and training on Canada’s Income Tax Act to registered charities. “Canada’s New Government supports this innovative program which ensures Canada’s charities are thoroughly educated on the legislative and regulatory obligations of the Income Tax Act,” said Minister Skelton. “It is important that Canadians are confident that charities are [More]
Subject: Media room From: “CRA – Lists administrator” News Release – WARNING: Tax shelters are risky Warning: Tax shelters are risky Ottawa, Ontario, October 31, 2006… The Canada Revenue Agency (CRA) is warning Canadians of the financial risks associated with participating in certain tax shelter gifting and donation arrangements, including gifting trust arrangements, leveraged cash donations, and buy-low, donate-high arrangements. “Be wary of any ad that uses tax savings as a key selling point, said CRA Commissioner Michel Dorais. The CRA reviews all tax shelters and challenges any arrangement that does not comply with the Income Tax Act. We will [More]
News release Increase in the flat rate meal expense deduction for employees in the transportation sector Ottawa, October 26, 2006… The Canada Revenue Agency has increased the flat rates that some employees in the transportation sector can use to calculate meal-expense deductions on their tax returns. Effective with their 2006 tax returns, qualifying transport employees can use the flat rate of $17 per meal up to a maximum of $51 a day when claiming meal deductions. Transport employees travelling and incurring meal expenses in the United States may now use the rate of US$17 per meal up to a maximum [More]
Subject: New Finance Canada document notification The following News Release or Speech has just been posted on the Finance Canada Site. Canada’s New Government Receives Report on Children’s Fitness Tax Credit French Version Ottawa, October 26, 2006 2006-059 Canada’s New Government Receives Report on Children’s Fitness Tax Credit Related document: * Report of the Expert Panel for the Children’s Fitness Tax Credit ————————————————– The Honourable Jim Flaherty, Minister of Finance, today received a report from a panel of health and physical fitness experts recommending which programs of physical activity should qualify for the Children’s Fitness Tax Credit proposed in [More]
From: ( Subject: New Finance Canada document notification The following Government of Canada Securities has just been posted on the Finance Canada Site: Government of Canada Securities – October 2006 French Version Hmm .. some neat stuff in here! like .. * Annualized growth rates (per cent) * Real gross domestic product * Final domestic demand * Employment growth * Unemployment rate * Current account balance (percentage of GDP) Plus a bunch of other obsure graphics and charts.
1-800-ASK HART // A Reader Writes … I certainly like the way that you express yourself, as the information is easy to read and logical. I have been trying to understand the information provided by the CRA as to when and how a person switches from the Quick Method to the traditional method of accounting for gst; however, the instructions seem so obscure. Can you possibly explain the procedure in a manner that makes sense? By Judith Farrell on 10.25.06 8:11 am The GST Rate in Canada changed July 1, 2006 and I previously blogged a little about changes that [More]
1-800-ASK HART // A Reader Writes … I was wondering where you received the picture of the Provencher Bridge with lightening from? Its beautiful! By Eric on 10.24.06 7:55 am Thanks Eric. I added the picture in November 2005 to the top of this blog when I upgraded my blog…. SEE HERE .. although the picture first appeared in my blog back in September 2005 .. if you are looking for a clean picture without any modifications that I did in Adobe Photoshop 7 to add my likeness with the green hair and my blog’s TagLine…. ~~~~~~~ 3) The header [More]
There is GST/HST tax added on all product Sales of Water in Canada. Canada Revenue Agency has published an “Info Sheet” to clarify how the Goods and Services Tax or Harmonized Sales Tax applies to sales of water. * Taxable: Is 6% GST or 14% HST added to the sale price (“tax added”) * Zero-Rated Tax: Is 0% GST or 0% HST added to the sale price (“no tax added”) * Exempt Tax: No GST/HST is added to the sale price (“non-taxable”) In General … * The supply of basic groceries, which includes most food and beverages marketed for human [More]