With the 2024 tax filing deadline approaching, it is important to understand key deadlines for employers and financial institutions. Ensuring you have all necessary documentation, including income slips, investment statements, and tax receipts, will help streamline your filing process and avoid potential delays. Below are important dates to keep in mind for the 2024 tax…
Political discussions around Canadian-U.S. trade policy are once again in focus, with proposed tariffs on Canadian goods potentially impacting key industries and market stability. However, history has shown that markets adjust over time, and a well-diversified investment approach remains the best strategy. Below we briefly explore how tariffs have been used as a negotiation tool,…
On January 31, 2025, the Government of Canada announced a deferral of the proposed increase to the capital gains inclusion rate. Originally set to take effect on June 25, 2024, the increase will now be postponed until January 1, 2026. Until then, 50% of capital gains will remain taxable. While the inclusion rate change is…
Canada Post & Year-End Planning As I am sure everyone is aware, Canada Post is currently on strike and, while there is potentially a resolution that will be agreed upon shortly, there are still likely to be delays as they clear a backlog of mail during a busy holiday season. Physical mail will still be…
The 2024 Federal Budget was released on April 16th, and proposed a few key changes that will impact Canadians, and especially small business owners across Canada. While a number of changes have been announced, we will focus on the main items that impact TPC Financial Group clients and Canadian small business owners. Change to Capital…
The 2021 Federal Budget announced an annual tax on residential real estate owned by non-residents that is considered underused. As a result, the Underused Housing Tax (UHT) was announced in June of 2022, which sees new reporting requirements for properties owned on or after December 31, 2022. For owners who are required to pay the…
We are proud to announce that as of today, TPC Wealth Management Ltd. is registered as a Portfolio Manager and is ready to serve as your trusted portfolio advisor. TPC Wealth Management Ltd. operates as an independent subsidiary of TPC Financial Group Ltd., and we are thrilled to introduce you to this new dimension of…
On July 12, the Bank of Canada announced it will be raising the overnight rate – often referred to as the policy interest rate, by 25 basis points from 4.75% to 5.00%. In doing so, the prime lending rate offered by financial institutions increased to 7.20%. This increase is a continuation in a string of…
We are excited to announce that at the end of August, our investment partners will begin operating as TPC Wealth Management Ltd., an independent subsidiary of TPC Financial Group Ltd. Our goal has always been to provide our clients with the highest level of service in a way that aligns with their needs. That mission…
The 2021 Federal Budget announced an annual tax on residential real estate owned by non-residents that is considered underused. As a result, the Underused Housing Tax (UHT) was announced in June of 2022, which sees new reporting requirements for properties owned on or after December 31, 2022. For owners who are required to pay the…