Enhancements to the Canada Pension Plan

Posted on Oct 20, 2016

The Federal government recently announced changes to the CPP to enhance the benefits received by future retirees. The current maximum benefit is $13,110. In today’s dollar terms, the enhanced CPP represents an increase of nearly $7,000, to a maximum benefit of nearly $20,000.   These enhancements come with a corresponding increase in CPP premiums to […]

Changes to Principal Residence Exemption

Posted on Oct 7, 2016

This past week the Federal government announced a change to Canada Revenue Agency’s administrative policy on reporting the sale of a principal residence, effective starting with transactions in 2016. For sales prior to 2016 you did not have to report the sale of your principal residence on your income tax return when you were eligible for the […]