Accounting, Bookkeeping, Income Tax Preparation, And Consulting Forum

The following News Release or Speech has just been posted on the Finance Canada Site. Ottawa, March 29, 2007 2007-028 The Honourable Jim Flaherty, Minister of Finance, today introduced a bill in the House of Commons to implement tax measures proposed in Budget 2007 and detailed in the Notice of Ways and Means Motion tabled on March 27, 2007. “The legislation tabled today will implement important measures in Budget 2007 and help us realize the vision set out in Advantage Canada, the long-term economic plan of Canada’s New Government,” said Minister Flaherty. “It contains much-needed tax relief for families and [More]

The following News Release or Speech has just been posted on the Finance Canada Site Ottawa, March 21, 2007 2007-024 The Honourable Jim Flaherty, Minister of Finance, the Honourable John Baird, Minister of the Environment, and the Honourable Lawrence Cannon, Minister of Transport, Infrastructure and Communities, today highlighted the benefits of the Government’s new green transportation initiatives. In Budget 2007, Canada’s New Government announced several new measures designed to encourage consumers to purchase or lease fuel-efficient vehicles and get older vehicles off the road. While visiting a Transport Canada facility where vehicles are tested under the recently announced ecoTechnology for [More]

WHAT THE BUDGET MEANS … Here’s a little recap from the Globe and Mail .. If you are a parent: You will receive a child-tax credit worth $310 per child for most families. If you are a low-income earner: You will receive a Working Income Tax Benefit of $500 to help get off welfare. If you are saving for your child’s education: Your $4,000 RESP annual contribution limit is eliminated, but there’s now a $50,000 lifetime cap. If you are a senior: You can convert RRSPs to retirement income up to age 71, an increase of two years. If you’re [More]

The following News Release or Speech has just been posted on the Finance Canada Site. Budget 2007: A Stronger, Safer, Better Canada Ottawa, March 19, 2007 2007-022 The Honourable Jim Flaherty, Minister of Finance, today tabled a balanced budget that moves to restore fiscal balance in Canada, cuts taxes for working families, reduces the national debt and invests in key priorities like improving health care and environmental protection. “Budget 2007 will strengthen the federation by restoring much-needed fiscal balance,” said Minister Flaherty. “And Canadians come out ahead through real tax relief that benefits working families.” Budget 2007 builds a stronger, [More]

The following News Release or Speech has just been posted on the Finance Canada Site: The Goal of Budget 2007 Is to Make a Stronger, Safer, Better Canada Ottawa, March 18, 2007 2007-021 Whitby – The Honourable Jim Flaherty, Minister of Finance, will deliver the second budget of Canada’s New Government tomorrow in the House of Commons. Budget 2007 will restore fiscal balance within the Canadian federation, outline a series of initiatives to protect the environment and further reduce the tax burden on working families and businesses. To mark the occasion and to support small business, Minister Flaherty purchased a [More]

The following Federal Budget has just been posted on the Finance Canada Site The Federal Budget will be available Monday, March 19th at approximately 4:00 p.m. (DST) There are a variety of ways for you to access Budget 2007 information: No-fuss Approach – View the information in straightforward HTML using your browser. Just Like the Paper Documents – View the documents exactly the way they appear in the paper version. You will need to download and install the free Adobe Acrobat software in advance. Beyond the Printed Word – View a Budget presentation that tells the story with animation and [More]