Month: May 2017

For many boomers, their wealth is in their home

For many boomers, their wealth is in their home A new survey by Manulife Bank indicates many baby boomers hold household wealth in home equity, and may need to rely on the sale of their primary residence to fund retirement. About 41% of baby boomer respondents to the poll said home equity accounted for more than

Continue Reading…

Month: May 2017

Tax-News.com: Canada Criticizes Latest US Anti-Dumping Investigations

Tax-News.com: Canada Criticizes Latest US Anti-Dumping Investigations by Mike Godfrey, Tax-news.com, Washington 22 May 2017 The Canadian Government has said that it strongly disagrees with the US Department of Commerce’s decision to initiate anti-dumping and countervailing duty investigations into imports of Canadian large civil aircraft. On May 18, US Commerce Secretary Wilbur Ross announced the

Continue Reading…

Month: May 2017

Tax-News.com: Canadian Gov't Publishes Paper On Carbon Pricing

Tax-News.com: Canadian Gov't Publishes Paper On Carbon Pricing by Mike Godfrey, Tax-news.com, Washington 22 May 2017 The Canadian Government has published a technical paper that outlines a proposed federal carbon pricing option for provinces that do not have their own system in place by 2018. In December 2016, the federal Government and all but two

Continue Reading…

Month: May 2017

Tax-News.com: TPP Nations Agree To Continue Without US

Tax-News.com: TPP Nations Agree To Continue Without US by Mary Swire, Tax-News.com, Hong Kong 22 May 2017 The remaining eleven signatories to the Trans Pacific Partnership (TPP) pact have agreed to seek an accord without the United States. Member nations Australia, Brunei, Canada, Chile, Japan, Mexico, New Zealand, Malaysia, Peru, Singapore, and Vietnam met in

Continue Reading…

Month: May 2017

Tax-News.com: Canada Responds To Launch Of US NAFTA Consultations

Tax-News.com: Canada Responds To Launch Of US NAFTA Consultations by Mike Godfrey, Tax-news.com, Washington 19 May 2017 Canada’s Foreign Affairs Minister has reiterated the Government’s commitment to NAFTA following the US Administration’s launch of consultations on its renegotiation. Chrystia Freeland said: “We are at an important juncture that offers us an opportunity to determine how

Continue Reading…

Month: May 2017

Tax-News.com: Canada Announces Tax Exemption For Military Personnel

Tax-News.com: Canada Announces Tax Exemption For Military Personnel by Mike Godfrey, Tax-news.com, Washington 19 May 2017 The Canadian Government will exempt the military salaries of Canadian Armed Forces personnel deployed on named international operations from federal income taxes. The exemption will apply up to and including the pay level of Lieutenant-Colonel. The tax relief will

Continue Reading…

Month: May 2017

Tax-News.com: US Kickstarts NAFTA Renegotiation Process

Tax-News.com: US Kickstarts NAFTA Renegotiation Process by Mike Godfrey, Tax-News.com, Washington 19 May 2017 The new United States Trade Representative has formally informed Congress of the Trump Administration’s intention to renegotiate the North American Free Trade Agreement (NAFTA). The notification from Robert Lighthizer, recently sworn in as USTR, begins a 90-day public consultation period, after

Continue Reading…

Month: May 2017

Tax-News.com: North America A Growing Market For Irish Exporters

Tax-News.com: North America A Growing Market For Irish Exporters by Jason Gorringe, Tax-news.com, London 17 May 2017 Enterprise Ireland has said that export growth to the UK slowed from 12 percent in 2015 to just two percent in 2016. Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, has published

Continue Reading…

Month: May 2017

Tax-News.com: Canadian Firms Seeking Supportive Tax Policies

Tax-News.com: Canadian Firms Seeking Supportive Tax Policies by Mike Godfrey, Tax-news.com, Washington 17 May 2017 Canadian business leaders regard protectionist trade sentiments in the US as the biggest challenge to the Canadian economy, according to a survey published by Chartered Professional Accountants Canada (CPA Canada). CPA Canada has released its Business Monitor for the first

Continue Reading…

Month: May 2017

Tax-News.com: Think Tank Criticizes Canadian Carbon Taxes

Tax-News.com: Think Tank Criticizes Canadian Carbon Taxes by Mike Godfrey, Tax-news.com, Washington 16 May 2017 The poor implementation of carbon-pricing schemes by Canada’s provincial governments undermines their potential environmental benefits, according to a new report from the Fraser Institute, a think tank. The Institute said that the carbon taxes and cap-and-trade systems introduced in Quebec,

Continue Reading…