http://canadafreepress.com/ Canada Free Press en Canada Free Press Copyright 2010 2010-02-09T01:44:53+00:00 http://canadafreepress.com/index.php/article/19822 http://canadafreepress.com/index.php/article/19822#When:22:29:01Z Taxpayers are starting to do more than just raise their eyebrows at governments’ debt-fuelled spending sprees. The specter of ever-rising property taxes has motivated citizens at the municipal level to band together to let government know its account is overdrawn. A handful of model citizens in British Columbia have shown that when people get involved, skyrocketing debt can be avoided and property taxes can be controlled. Financial, Business, Economy 2010-02-08T22:29:01+00:00 http://canadafreepress.com/index.php/article/19804 http://canadafreepress.com/index.php/article/19804#When:15:06:02Z RRSP Tip 1 of 16   Retirement savings: an RRSP or a TFSA? There’s a new kid on the block when it comes to saving for the future. So what makes the most sense now – contributing to your RRSP or to a Tax-Free Savings Account (TFSA)? “It all depends on your income tax rate at the time when contributions are made, as compared to the rate during the withdrawal phase,” explains Chartered Accountant Kenneth Lancaster, Tax Partner with MacGillivray Hamilton. “If the two rates are identical, then the TFSA is a preferred option because it is more flexible and withdrawals do not affect income-tested benefits. Financial, Business, Economy 2010-02-08T15:06:02+00:00 http://canadafreepress.com/index.php/article/19643 http://canadafreepress.com/index.php/article/19643#When:18:25:01Z RRSP Checklist Financial, Business, Economy 2010-02-03T18:25:01+00:00 http://canadafreepress.com/index.php/article/19484 http://canadafreepress.com/index.php/article/19484#When:19:51:26Z TORONTO: The Canadian Taxpayers Federation (CTF) responded today to the appointment of five new senators by calling for Senate reform. CTF Federal Director, Kevin Gaudet, said “Now, with control of the Senate, this is the time for the Prime Minister to stick a fork in the House of Pork. It is time to make senators elected and accountable.” Financial, Business, Economy 2010-01-29T19:51:26+00:00 http://canadafreepress.com/index.php/article/19443 http://canadafreepress.com/index.php/article/19443#When:15:39:29Z The Wall government recently disclosed that they have asked every department to cut their budgets by 10 per cent in order to balance the budget this year. That’s a good start to reaching an important target, but implementing something called “managed competition” could help them achieve the same goal. Financial, Business, Economy 2010-01-28T15:39:29+00:00 http://canadafreepress.com/index.php/article/19428 http://canadafreepress.com/index.php/article/19428#When:03:11:51Z Taxpayers in British Columbia are outraged about the harmonized sales tax (HST), and rightly so. It will add a new tax to many items previously exempt from the provincial sales tax (PST), such as restaurant meals and new homes. The HST does, however, have some theoretical benefits. It simplifies the tax system and makes the province a more competitive place for business investment. Financial, Business, Economy 2010-01-28T03:11:51+00:00 http://canadafreepress.com/index.php/article/19371 http://canadafreepress.com/index.php/article/19371#When:01:12:32Z EDMONTON: In its 2010-11 pre-budget submission to the Alberta government, the Canadian Taxpayers Federation (CTF) is calling on the provincial government to take serious action now rather than dither and promise balanced budgets in the future. Financial, Business, Economy 2010-01-26T01:12:32+00:00 http://canadafreepress.com/index.php/article/19110 http://canadafreepress.com/index.php/article/19110#When:19:00:07Z With an economy poised for recovery, some experts say now is the time to maximize our savings so we can reap the benefits when prices and interest rates start to rise again. But with less money to spare, it’s harder than ever to save for the future. Financial, Business, Economy 2010-01-18T19:00:07+00:00 http://canadafreepress.com/index.php/article/19109 http://canadafreepress.com/index.php/article/19109#When:18:55:31Z Saving money in an economic recession is a little like trying to build a snowman in June. There’s not a lot of construction material to be found, and even if you can scrape a little snow together, there’s the risk your creation will just melt away. “Saving 10 per cent of our gross income is considered ideal, but it can be a stretch at times,” says Chartered Accountant Peter D. Brown, principal of Peter Brown Inc. in Niagara Falls. Financial, Business, Economy 2010-01-18T18:55:31+00:00 http://canadafreepress.com/index.php/article/19046 http://canadafreepress.com/index.php/article/19046#When:12:58:22Z The Canadian Taxpayers Federation (CTF) has sent letters to Liberal Leader Michael Ignatieff and NDP Leader Jack Layton urging them to appoint to the Public Safety and National Security Committee MPs who will support Ms. Candice Hoeppner’s Bill C-391 to end the wasteful long-gun registry.  The CTF also is encouraging its 60,000 supporters to contact Mr. Ignatieff and Mr. Layton with the same request. Financial, Business, Economy 2010-01-18T12:58:22+00:00 http://canadafreepress.com/index.php/article/18927 http://canadafreepress.com/index.php/article/18927#When:13:48:43Z Imagine the Canada Revenue Agency (CRA) shows up at your door to do an audit.  As if that alone isn’t scary enough, they proceed to take both copies of your documents, originals and photocopies —without your permission.  Financial, Business, Economy 2010-01-13T13:48:43+00:00 http://canadafreepress.com/index.php/article/18860 http://canadafreepress.com/index.php/article/18860#When:01:38:23Z In September 2009, the Alberta government started to do something it hasn’t done in many, many years – borrow money. Over the past few months the money has been borrowed through public bond offerings. Financial, Business, Economy 2010-01-12T01:38:23+00:00 http://canadafreepress.com/index.php/article/18838 http://canadafreepress.com/index.php/article/18838#When:14:35:35Z People have lots reasons to be upset about the Harmonized Sales Tax (HST). For starters, it means the price of many goods and services will be 7 per cent higher. Of course, the government assures us this will only be at first. Financial, Business, Economy 2010-01-11T14:35:35+00:00 http://canadafreepress.com/index.php/article/18681 http://canadafreepress.com/index.php/article/18681#When:18:44:11Z It might not be quick and easy, but it is possible for partners to split up or exit the business in a way that’s fair and acceptable to all concerned. To accomplish that goal, responsible business partners must prepare themselves, well before the time comes. Financial, Business, Economy 2010-01-06T18:44:11+00:00 http://canadafreepress.com/index.php/article/18679 http://canadafreepress.com/index.php/article/18679#When:18:31:49Z It can be difficult letting go. But successful business owners know that making appropriate plans to turn the company over to a successor at the right time is just prudent management.  “Some company owners only think about succession planning when they’re fed up and ready to sell,” says Chartered Accountant Paul G. Stringer, managing partner of Durward Jones Barkwell & Company LLP in Grimsby. “It takes preparation to manage a changeover properly. Start thinking about introducing a new owner at least three to five years before you intend to retire or sell.” Financial, Business, Economy 2010-01-06T18:31:49+00:00 http://canadafreepress.com/index.php/article/18453 http://canadafreepress.com/index.php/article/18453#When:01:37:36Z GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank’s records of its surreptitious market intervention to suppress the monetary metal’s price. Financial, Business, Economy 2009-12-31T01:37:36+00:00 http://canadafreepress.com/index.php/article/18435 http://canadafreepress.com/index.php/article/18435#When:15:26:33Z There were lots of stories in the news in 2009 about government spending and taxation, but of all the stories, none has more serious long-term consequences than the return to deficit spending. The B.C. government has a spending addiction and is supporting its habit by a massive increase in the provincial debt. If spending is not brought under control, taxpayers will be left with a legacy of higher taxes. Financial, Business, Economy 2009-12-30T15:26:33+00:00 http://canadafreepress.com/index.php/article/18390 http://canadafreepress.com/index.php/article/18390#When:12:50:24Z OTTAWA: The Canadian Taxpayers Federation (CTF) today released its annual New Year Tax Change calculations which provide projected personal income and payroll tax changes taking effect January 1st, 2010. Financial, Business, Economy 2009-12-29T12:50:24+00:00 http://canadafreepress.com/index.php/article/18288 http://canadafreepress.com/index.php/article/18288#When:14:30:02Z How many times have you wondered, if you have the right insurance or insurance coverage. Financial, Business, Economy 2009-12-25T14:30:02+00:00 http://canadafreepress.com/index.php/article/18207 http://canadafreepress.com/index.php/article/18207#When:18:02:16Z WINNIPEG: The Canadian Taxpayers Federation (CTF) responded to the release of the province’s quarterly update today by calling for the implementation of a five-point deficit action plan. Financial, Business, Economy 2009-12-22T18:02:16+00:00