A one percentage point cut in the Goods and Services Tax that kicked in at midnight on January 1 will be one of the few new tax cuts Canadians should expect to see in 2008.
The GST dropped from 6% to 5%.
Further federal tax cuts are unlikely this year, as the economic outlook remains cloudy.
Many economists see the Canadian economy slowing to a growth rate of between 2% and 2.5% in 2008, as growth in the United States is expected to cool down.
Promoting personal interests can persuade clients to commit to a retirement plan, says CEO of career transition organization
You and your clients may need to get creative in brainstorming strategies for borrowing
Financial advisors are seeing noticeable changes in clients' financial and retirement planning priorities when it comes to their careers
Shareholders to get $32 per share in cash, a 33% premium relative to the last closing price
Review finds challenges monitoring OTC commodity derivatives
Plus, T. Rowe Price launches target-date portfolio series in Canada