Finance Minister Jim Flaherty delivered the 2014 federal budget in Ottawa on February 11. Investment Executive reporters and editors were there to report the news and insight for advisors. Watch analysis from Jamie Golombkek in our Multimedia Centre and replay the post-budget webinar.
February 12, 2014The 2014 federal budget proposes to allow the CRA to automatically determine if an individual is eligible the credit
Canada’s fiscal consolidation will continue over the coming years
Jamie Golombek, managing director, tax and estate planning, CIBC Private Wealth Management, highlights proposals in the 2014 Federal Budget that will have a direct impact on individuals and small businesses. He spoke from the Budget 2014 lockup in Ottawa.
Jamie Golombek, managing director, tax and estate planning, CIBC Private Wealth Management, reports that the Budget 2014 proposes an end to graduated rates for testamentary trusts. He asserts these trusts are still an important vehicle for clients under the proposed new structure. He spoke from the Budget 2014 Lockup in Ottawa.
Under the proposed new rule introduced in this year’s budget, a charitable donation made after an individual’s death will be attributed to the estate rather than the deceased
Changes include tighter scrutiny on Bitcoin and online casinos
A new loan program will provide education support for apprentices
Budget suspends defence accruals and reduces benefits for retired civil servants
Proposed changes are largely in line with those the government proposed in a consultation paper it released in June 2013
The feds are removing a widely promoted incentive program for wealthy immigrants, which will result in savings of $110 million over the next five fiscal years
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