(1458,1,'2016-03-24 07:16:29','2016-03-24 11:16:29','<div id=\"attachment_136450\" style=\"width: 411px\" class=\"wp-caption aligncenter\"><img class=\"size-full wp-image-136450\" src=\"http://www.moneysense.ca/wp-content/uploads/2015/11/House-hunting-Getty-erhui1979.jpeg\" alt=\"Housing affordability (Getty / erhui1979)\" width=\"401\" height=\"217\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2015/11/House-hunting-Getty-erhui1979-300x162.jpeg 300w, http://www.moneysense.ca/wp-content/uploads/2015/11/House-hunting-Getty-erhui1979.jpeg 401w, http://www.moneysense.ca/wp-content/uploads/2015/11/House-hunting-Getty-erhui1979-400x217.jpeg 400w\" sizes=\"(max-width: 401px) 100vw, 401px\" /><p class=\"wp-caption-text\">Housing affordability (Getty / erhui1979)</p></div>\n<p><span style=\"font-weight: 400;\">In the weeks and days leading up to Budget 2016, tax experts anticipated some big announcements regarding the Canadian real estate market. Why not? The Liberals campaigned on a promise to loosen the requirements of the Home Buyers’ Plan (HBP) and, more recently, vowed to do something about housing affordability. </span></p>\n<p>Reading between the lines, you can’t blame a would-be homebuyer for hoping for a bit of help. Sadly, it didn’t come in the Liberal’s first budget. At least, not yet.</p>\n<p>And those two little words say it all. That’s because Budget 2016 is packed full of promises and nebulous possibilities when it comes to housing.</p>\n<h3><b>Half a million spent on foreign buyer data</b></h3>\n<p><span style=\"font-weight: 400;\">Perhaps the most blatant measure introduced in Budget 2016 to directly reference Canada’s housing market is the government’s pledge of $500,000 to Statistics Canada to “develop methods for gathering data on purchases of Canadian housing by foreign homebuyers.” </span></p>\n<p>Those in the nation’s real estate market may have been hoping for more a bit more, but this announcement is an important and necessary first step. Unlike Australia, the U.S. and Britain (to name but a few), Canada does not, yet, properly track data that impacts housing affordability. While statistics on housing starts, sales and listings are collected, there is still a vast information gap in this area of our economy.</p>\n<p>By pledging half a million in funds towards the start of more robust data collection, the newly elected Liberal government is doing two things. First, they are staking their mark on a largely regional problem. Foreign home buyers impact very few markets in Canada, so this data collection will only really impact hot markets like Toronto and Vancouver, as well as vacation property areas, such as Cape Breton and Muskoka—all places known for attracting foreign buyers. Second, it’s sending a signal to provincial and municipal governments that they’re willing to work together. Municipalities and provinces are responsible for collecting local real estate data, but the feds are responsible for census information, including residency information. This commitment to track foreign homebuyers is a step towards three layers of government working together to not only collect data, but create policy to help Canadians find housing that’s affordable in their own backyard.</p>\n<p>But the Liberal housing promises don’t stop there in Budget 2016.</p>\n<h3><b>More rental units will help</b></h3>\n<p><span style=\"font-weight: 400;\">As the Budget aptly points out “Not all Canadians can afford to—or wish to own their own home.” But finding suitable accommodation is a priority for this government, so to create more affordable places to live, this Budget 2016 will invest $208.3 million over five years, in an Affordable Rental Housing Innovation Fund. This new fund will be administered by the Canada Mortgage and Housing Corporation (CMHC). </span></p>\n<p>Apparently, the money earmarked for these projects will prompt the construction of up to 4,000 new affordable housing rental units over the next half a decade. Perfect, right? More affordable rental housing will ease the pressure on market rents in cities where vacancy rates are very low (and housing prices are quite high). But here’s the kicker: this is seed money not just to build more rentals, it’s seed money to build and test out more innovative housing models. Developers who want to construct mixed use buildings—with a portion allocated to rental and a portion allocated to home ownership—will be given priority.</p>\n<p><span style=\"font-weight: 400;\">Even better is that this new initiative will eventually provide low-cost loans to municipalities and housing developers for the construction of new, purpose-built rental housing. Up to $500 million in loans will be made available </span><i><span style=\"font-weight: 400;\">each</span></i><span style=\"font-weight: 400;\"> year, for the next five years. This capital will be made available to developers in the earliest, most risky phases of development. Why is this important? Because this incentivizes builders to stop concentrating on condos and start constructing mixed use buildings. As such, the Liberal’s anticipate the construction of more than 10,000 new rental units in the next five years.</span></p>\n<p>This is welcome news for anyone trying to establish themselves in one of Canada’s largest cities. Not only will new rental units help ease the rising cost of rent in cities like Vancouver and Toronto, but the possibility of mixed use neighbourhoods—such as the highly successful St. Lawrence area in downtown Toronto—may mean the creation of “<a href=\"https://www.google.com/url?q=http://www.moneysense.ca/spend/real-estate/city-or-suburbs-where-can-you-afford-to-live/&amp;sa=U&amp;ved=0ahUKEwjgpeOBltnLAhVmr4MKHd5OC5YQFggFMAA&amp;client=internal-uds-cse&amp;usg=AFQjCNG-jYkvBoDOoqcnkQij9P3ZeWLLmg\" >complete communities</a>.” Communities that allow residents to live, work and shop in their neighbourhoods. Done right, this not only creates stronger communities, but helps strengthen local economies, which translates into a stronger national economy.</p>\n<h3><b>Residential renovators get a boost, too</b></h3>\n<p><span style=\"font-weight: 400;\">The spending doesn’t stop there. Budget 2016 will also provide $208.3 million over the next two years to support the construction, repair and adaption of affordable housing for seniors. The funding will come from the Investment in Affordable Housing initiative and will not require provinces or territories to cost-match these investments. </span></p>\n<p>Here’s the thing: while this funding initiative is nestled under social housing, it’s still unclear as to whether or not it will be provided to the institutions tasked to develop this housing or directly to individual seniors.</p>\n<p>At present, the Budget states: this spending is intended to help seniors find affordable and suitable housing or “allow them to easily stay in their homes as long as possible.” It’s this last bit that is wide open to interpretation. Does this mean that seniors can expect another version of the Home Accessibility Tax Credit, a tax credit introduced by the former Conservative government that allowed eligible seniors to renovate their homes, for medical reasons? (The original HACT allowed for a 15% rebate on medical-based renos, up to a maximum $1,500 credit.)</p>\n<p>If so, this would certainly allow seniors to stay in their homes longer. As an added benefit, this initiative helps support the home renovation industry in Canada—as any rebate or tax credit on renovations often translates into Canadians pulling the trigger on those remodels. This keeps small businesses working, which keeps people employed and keeps the economy moving.</p>\n<h3><b>Can’t ignore social housing and other aid</b></h3>\n<p><span style=\"font-weight: 400;\">To this end, we can’t ignore the widespread initiatives within the Budget to improve accessibility and standards of social housing, particularly for seniors and First Nations communities. </span></p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There’s the $573.9 million to be spent over two years to help retrofits and renovate social housing (and address the required repairs while improving efficiency and reduce energy and water use in these buildings). </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There’s $30 million, spent over two years, to maintain rent-geared-to-income for those relying on social housing. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Another $111.8 million for homeless initiatives across Canada. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Quebec homeowners impacted by pyrrohotite will get additional help from the feds, who will provide up to $30 million over three years to help with serious and costly structural repairs as a result of the presence of this mineral in their foundations. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Over the next two years, the feds will spend $554.3 million to address First Nations peoples’ housing needs on reserves. An additional $177.7 million will be spent on affordable housing in the North and Inuit communities. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$50 million will be spent on various projects to support military personnel and their families, including the construction of military housing across Canada.</span></li>\n</ul>\n<h3><b>Making money in real estate? You’re now under a microscope</b></h3>\n<p><span style=\"font-weight: 400;\">The newly elected Liberals showed concern about tax loopholes and tax evasion in this Budget—and this will have extreme implications for those involved in the real estate business. </span></p>\n<p>To crack down on tax evasion and tax avoidance, the feds are investing $444.4 million over five years to enable the Canada Revenue Agency to crack down on tax evasion and tax avoidance. Their expected return for this investment: $2.6 billion in previously lost revenue. The Liberals also pledged $351.6 million over the next five years to improve the CRA’s ability to collect tax owed. The feds anticipate another $7.4 billion in tax debt collected over the next five years.</p>\n<p>Real estate investors need to take note. Over the last few years, the CRA has tried to close loopholes when dealing with real estate profit and whether or not it’s classified as a capital gain or business income. This injection of money will certainly help this endeavour.</p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #000080;\">Read an <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/save/taxes/capital-gains-explained/\" >explainer on capital gains tax</a>.</span><br />\n<span style=\"color: #000080;\">Read more on <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/columns/can-you-avoid-capital-gains-tax/\" >calculating capital gains tax</a> on real estate sales. </span><br />\n<span style=\"color: #000080;\">Read more on <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/save/taxes/reduce-the-risk-of-a-cra-audit/\" >reducing your risk of a CRA audit</a>. </span></p>\n<p>For anyone that invests in real estate—from condo assignment sales, to home flippers, to those with complex transactions involving foreign buyers—now is the time to <a href=\"http://www.moneysense.ca/columns/home-owner/tax-profit-as-income-or-capital-gains/\" >start talking to a tax specialist</a>.</p>\n<p><a style=\"display: block; font-family: sans-serif; text-align: center; background: #28baf2; text-decoration: none; color: #fff; font-weight: bold; padding: 1em; border-radius: 6px;\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\" >Ask Home Owner columnist Romana King your real estate question »</a></p>\n<h3><b>Gone is the real estate donation credit </b><span style=\"font-weight: 400;\"> </span></h3>\n<p><span style=\"font-weight: 400;\">Last year’s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</span></p>\n<h3><b>Expect tougher mortgage rules and the disappearance of rock-bottom rates</b></h3>\n<p><span style=\"font-weight: 400;\">Finally, there were some promises in the Budget that will impact big banks and lenders and, by way of trickle down, this will also impact homeowner and home buyers. </span></p>\n<p>Budget 2016 introduced a “Bail-in” regime; this would reinforce that bank shareholders and creditors are responsible for the bank’s risks, not taxpayers. While it goes on to explain how banks will do this, the bottom line is that banks have now been passed the baton, when it comes to mortgage debt. Before they could opt to take out CMHC (or Genworth) mortgage loan insurance—even on properties where buyers put more than 20% down at the time of purchase. This shifted the risk from the bank to the taxpayer. (If a house forecloses, the bank is paid what is owed through the sale of the home, but any shortfall is covered by the mortgage loan insurance. If, however, there were a rise in foreclosures and a rise in payouts, taxpayers could be theoretically on the line to cover the shortfall, should the insurance premiums collected not cover what is owed.)</p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #000080;\">Read more on the <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/columns/consequences-for-mortgage-default/\" >consequences of mortgage default</a>. </span></p>\n<p>This “Bail-in” regime is “in line with international efforts to address the potential risks to the financial system and broader economy of institutions perceived as ‘too-big-to-fail’,” states the Budget.</p>\n<p>What does it mean for main street home buyers? It means that with increased regulation and responsibility, banks will have increased costs and risks and <a href=\"http://www.moneysense.ca/spend/real-estate/buying/mortgage-rates-are-rising/\" >they’ll pass this cost onto you</a>, the consumer. So, even though mortgage rates remain historically low, gone are the days of rock-bottom rates. (For more on this read how the recently introduced <a href=\"http://www.moneysense.ca/spend/real-estate/buying/prepare-for-a-10-minimum-down-payment/\" >10% down payment rule</a> impacted the market.)</p>\n<p>Home buyers will probably also see stricter rules when it comes to mortgage applications, as banks try to contend with this shift in who is responsible for a potentially failed loan. That will translate into tougher standards and could mean that buyers who are on fringes—those without good credit scores and credit utilization, those without full-time employment income, or those with higher <a href=\"http://www.moneysense.ca/spend/real-estate/mortgages/mortgage-debt-ratios/\" >debt ratios</a>—may find it hard to qualify for a mortgage, never mind getting the best rates.</p>\n<h3><b>What was missing in this budget?</b></h3>\n<p><span style=\"font-weight: 400;\">Of course, the initial election promise to open up the Home Buyers’ Plan to more than just first-time homebuyers, and allow Canadians dealing with life events, such as work relocation, divorce or the death of a spouse access to the HBP, did not happen. </span></p>\n<p>Nor did an increase in the capital gains inclusion rate, which was speculation to jump from 50% to 66.67% or even as high as 75%.</p>\n<p><span style=\"font-weight: 400;\">While home buyers may have wanted changes to HBP, investors and cottage-owners were on the edge of their seats, waiting to hear if a capital gain announcement would increase their overall tax hit. In the end, neither came. </span></p>\n<p><span style=\"font-weight: 400;\">While Budget 2016 didn’t end up helping first-time home buyers, it did hold a few initiatives that will impact the housing market in Canada. Whether it’s residential renovators who may get a bit of a boost this year, through a senior’s home tax credit, or commercial developers who can stay busy by shifting their focus to purpose-built rental and mixed-use developments, to real estate investors who will need to monitor their profit and how it’s taxed, to home buyers who will need to contend with stricter banking regulation that could impact mortgage lending. There was still enough in this budget to remind us: The Liberals are closely watching this nation’s housing market, and, we should expect more to come. </span></p>\n<p><a style=\"display: block; font-family: sans-serif; text-align: center; background: #425f9c; text-decoration: none; color: #fff; font-weight: bold; padding: 1em; border-radius: 6px;\" href=\"https://www.facebook.com/RKHomeOwner\" >Read more from Romana King at Home Owner on Facebook »</a></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\">Investors watch out! How Budget 2016 impacts real estate</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Investors watch out! How Budget 2016 impacts real estate','<p>Goodbye to rock-bottom mortgage rates and easy money</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\">Investors watch out! How Budget 2016 impacts real estate</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-24 07:16:29','2016-03-24 11:16:29','',0,'http://www.moneysense.ca/?p=150858',0,'post','',0),(1459,1,'2016-03-24 07:16:29','2016-03-24 11:16:29','<div id=\"attachment_136450\" style=\"width: 411px\" class=\"wp-caption aligncenter\"><img class=\"size-full wp-image-136450\" src=\"http://www.moneysense.ca/wp-content/uploads/2015/11/House-hunting-Getty-erhui1979.jpeg\" alt=\"Housing affordability (Getty / erhui1979)\" width=\"401\" height=\"217\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2015/11/House-hunting-Getty-erhui1979-300x162.jpeg 300w, http://www.moneysense.ca/wp-content/uploads/2015/11/House-hunting-Getty-erhui1979.jpeg 401w, http://www.moneysense.ca/wp-content/uploads/2015/11/House-hunting-Getty-erhui1979-400x217.jpeg 400w\" sizes=\"(max-width: 401px) 100vw, 401px\" /><p class=\"wp-caption-text\">Housing affordability (Getty / erhui1979)</p></div>\n<p><span style=\"font-weight: 400;\">In the weeks and days leading up to Budget 2016, tax experts anticipated some big announcements regarding the Canadian real estate market. Why not? The Liberals campaigned on a promise to loosen the requirements of the Home Buyers’ Plan (HBP) and, more recently, vowed to do something about housing affordability. </span></p>\n<p>Reading between the lines, you can’t blame a would-be homebuyer for hoping for a bit of help. Sadly, it didn’t come in the Liberal’s first budget. At least, not yet.</p>\n<p>And those two little words say it all. That’s because Budget 2016 is packed full of promises and nebulous possibilities when it comes to housing.</p>\n<h3><b>Half a million spent on foreign buyer data</b></h3>\n<p><span style=\"font-weight: 400;\">Perhaps the most blatant measure introduced in Budget 2016 to directly reference Canada’s housing market is the government’s pledge of $500,000 to Statistics Canada to “develop methods for gathering data on purchases of Canadian housing by foreign homebuyers.” </span></p>\n<p>Those in the nation’s real estate market may have been hoping for more a bit more, but this announcement is an important and necessary first step. Unlike Australia, the U.S. and Britain (to name but a few), Canada does not, yet, properly track data that impacts housing affordability. While statistics on housing starts, sales and listings are collected, there is still a vast information gap in this area of our economy.</p>\n<p>By pledging half a million in funds towards the start of more robust data collection, the newly elected Liberal government is doing two things. First, they are staking their mark on a largely regional problem. Foreign home buyers impact very few markets in Canada, so this data collection will only really impact hot markets like Toronto and Vancouver, as well as vacation property areas, such as Cape Breton and Muskoka—all places known for attracting foreign buyers. Second, it’s sending a signal to provincial and municipal governments that they’re willing to work together. Municipalities and provinces are responsible for collecting local real estate data, but the feds are responsible for census information, including residency information. This commitment to track foreign homebuyers is a step towards three layers of government working together to not only collect data, but create policy to help Canadians find housing that’s affordable in their own backyard.</p>\n<p>But the Liberal housing promises don’t stop there in Budget 2016.</p>\n<h3><b>More rental units will help</b></h3>\n<p><span style=\"font-weight: 400;\">As the Budget aptly points out “Not all Canadians can afford to—or wish to own their own home.” But finding suitable accommodation is a priority for this government, so to create more affordable places to live, this Budget 2016 will invest $208.3 million over five years, in an Affordable Rental Housing Innovation Fund. This new fund will be administered by the Canada Mortgage and Housing Corporation (CMHC). </span></p>\n<p>Apparently, the money earmarked for these projects will prompt the construction of up to 4,000 new affordable housing rental units over the next half a decade. Perfect, right? More affordable rental housing will ease the pressure on market rents in cities where vacancy rates are very low (and housing prices are quite high). But here’s the kicker: this is seed money not just to build more rentals, it’s seed money to build and test out more innovative housing models. Developers who want to construct mixed use buildings—with a portion allocated to rental and a portion allocated to home ownership—will be given priority.</p>\n<p><span style=\"font-weight: 400;\">Even better is that this new initiative will eventually provide low-cost loans to municipalities and housing developers for the construction of new, purpose-built rental housing. Up to $500 million in loans will be made available </span><i><span style=\"font-weight: 400;\">each</span></i><span style=\"font-weight: 400;\"> year, for the next five years. This capital will be made available to developers in the earliest, most risky phases of development. Why is this important? Because this incentivizes builders to stop concentrating on condos and start constructing mixed use buildings. As such, the Liberal’s anticipate the construction of more than 10,000 new rental units in the next five years.</span></p>\n<p>This is welcome news for anyone trying to establish themselves in one of Canada’s largest cities. Not only will new rental units help ease the rising cost of rent in cities like Vancouver and Toronto, but the possibility of mixed use neighbourhoods—such as the highly successful St. Lawrence area in downtown Toronto—may mean the creation of “<a href=\"https://www.google.com/url?q=http://www.moneysense.ca/spend/real-estate/city-or-suburbs-where-can-you-afford-to-live/&amp;sa=U&amp;ved=0ahUKEwjgpeOBltnLAhVmr4MKHd5OC5YQFggFMAA&amp;client=internal-uds-cse&amp;usg=AFQjCNG-jYkvBoDOoqcnkQij9P3ZeWLLmg\" >complete communities</a>.” Communities that allow residents to live, work and shop in their neighbourhoods. Done right, this not only creates stronger communities, but helps strengthen local economies, which translates into a stronger national economy.</p>\n<h3><b>Residential renovators get a boost, too</b></h3>\n<p><span style=\"font-weight: 400;\">The spending doesn’t stop there. Budget 2016 will also provide $208.3 million over the next two years to support the construction, repair and adaption of affordable housing for seniors. The funding will come from the Investment in Affordable Housing initiative and will not require provinces or territories to cost-match these investments. </span></p>\n<p>Here’s the thing: while this funding initiative is nestled under social housing, it’s still unclear as to whether or not it will be provided to the institutions tasked to develop this housing or directly to individual seniors.</p>\n<p>At present, the Budget states: this spending is intended to help seniors find affordable and suitable housing or “allow them to easily stay in their homes as long as possible.” It’s this last bit that is wide open to interpretation. Does this mean that seniors can expect another version of the Home Accessibility Tax Credit, a tax credit introduced by the former Conservative government that allowed eligible seniors to renovate their homes, for medical reasons? (The original HACT allowed for a 15% rebate on medical-based renos, up to a maximum $1,500 credit.)</p>\n<p>If so, this would certainly allow seniors to stay in their homes longer. As an added benefit, this initiative helps support the home renovation industry in Canada—as any rebate or tax credit on renovations often translates into Canadians pulling the trigger on those remodels. This keeps small businesses working, which keeps people employed and keeps the economy moving.</p>\n<h3><b>Can’t ignore social housing and other aid</b></h3>\n<p><span style=\"font-weight: 400;\">To this end, we can’t ignore the widespread initiatives within the Budget to improve accessibility and standards of social housing, particularly for seniors and First Nations communities. </span></p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There’s the $573.9 million to be spent over two years to help retrofits and renovate social housing (and address the required repairs while improving efficiency and reduce energy and water use in these buildings). </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There’s $30 million, spent over two years, to maintain rent-geared-to-income for those relying on social housing. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Another $111.8 million for homeless initiatives across Canada. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Quebec homeowners impacted by pyrrohotite will get additional help from the feds, who will provide up to $30 million over three years to help with serious and costly structural repairs as a result of the presence of this mineral in their foundations. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Over the next two years, the feds will spend $554.3 million to address First Nations peoples’ housing needs on reserves. An additional $177.7 million will be spent on affordable housing in the North and Inuit communities. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$50 million will be spent on various projects to support military personnel and their families, including the construction of military housing across Canada.</span></li>\n</ul>\n<h3><b>Making money in real estate? You’re now under a microscope</b></h3>\n<p><span style=\"font-weight: 400;\">The newly elected Liberals showed concern about tax loopholes and tax evasion in this Budget—and this will have extreme implications for those involved in the real estate business. </span></p>\n<p>To crack down on tax evasion and tax avoidance, the feds are investing $444.4 million over five years to enable the Canada Revenue Agency to crack down on tax evasion and tax avoidance. Their expected return for this investment: $2.6 billion in previously lost revenue. The Liberals also pledged $351.6 million over the next five years to improve the CRA’s ability to collect tax owed. The feds anticipate another $7.4 billion in tax debt collected over the next five years.</p>\n<p>Real estate investors need to take note. Over the last few years, the CRA has tried to close loopholes when dealing with real estate profit and whether or not it’s classified as a capital gain or business income. This injection of money will certainly help this endeavour.</p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #000080;\">Read an <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/save/taxes/capital-gains-explained/\" >explainer on capital gains tax</a>.</span><br />\n<span style=\"color: #000080;\">Read more on <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/columns/can-you-avoid-capital-gains-tax/\" >calculating capital gains tax</a> on real estate sales. </span><br />\n<span style=\"color: #000080;\">Read more on <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/save/taxes/reduce-the-risk-of-a-cra-audit/\" >reducing your risk of a CRA audit</a>. </span></p>\n<p>For anyone that invests in real estate—from condo assignment sales, to home flippers, to those with complex transactions involving foreign buyers—now is the time to <a href=\"http://www.moneysense.ca/columns/home-owner/tax-profit-as-income-or-capital-gains/\" >start talking to a tax specialist</a>.</p>\n<p><a style=\"display: block; font-family: sans-serif; text-align: center; background: #28baf2; text-decoration: none; color: #fff; font-weight: bold; padding: 1em; border-radius: 6px;\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\" >Ask Home Owner columnist Romana King your real estate question »</a></p>\n<h3><b>Gone is the real estate donation credit </b><span style=\"font-weight: 400;\"> </span></h3>\n<p><span style=\"font-weight: 400;\">Last year’s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</span></p>\n<h3><b>Expect tougher mortgage rules and the disappearance of rock-bottom rates</b></h3>\n<p><span style=\"font-weight: 400;\">Finally, there were some promises in the Budget that will impact big banks and lenders and, by way of trickle down, this will also impact homeowner and home buyers. </span></p>\n<p>Budget 2016 introduced a “Bail-in” regime; this would reinforce that bank shareholders and creditors are responsible for the bank’s risks, not taxpayers. While it goes on to explain how banks will do this, the bottom line is that banks have now been passed the baton, when it comes to mortgage debt. Before they could opt to take out CMHC (or Genworth) mortgage loan insurance—even on properties where buyers put more than 20% down at the time of purchase. This shifted the risk from the bank to the taxpayer. (If a house forecloses, the bank is paid what is owed through the sale of the home, but any shortfall is covered by the mortgage loan insurance. If, however, there were a rise in foreclosures and a rise in payouts, taxpayers could be theoretically on the line to cover the shortfall, should the insurance premiums collected not cover what is owed.)</p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #000080;\">Read more on the <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/columns/consequences-for-mortgage-default/\" >consequences of mortgage default</a>. </span></p>\n<p>This “Bail-in” regime is “in line with international efforts to address the potential risks to the financial system and broader economy of institutions perceived as ‘too-big-to-fail’,” states the Budget.</p>\n<p>What does it mean for main street home buyers? It means that with increased regulation and responsibility, banks will have increased costs and risks and <a href=\"http://www.moneysense.ca/spend/real-estate/buying/mortgage-rates-are-rising/\" >they’ll pass this cost onto you</a>, the consumer. So, even though mortgage rates remain historically low, gone are the days of rock-bottom rates. (For more on this read how the recently introduced <a href=\"http://www.moneysense.ca/spend/real-estate/buying/prepare-for-a-10-minimum-down-payment/\" >10% down payment rule</a> impacted the market.)</p>\n<p>Home buyers will probably also see stricter rules when it comes to mortgage applications, as banks try to contend with this shift in who is responsible for a potentially failed loan. That will translate into tougher standards and could mean that buyers who are on fringes—those without good credit scores and credit utilization, those without full-time employment income, or those with higher <a href=\"http://www.moneysense.ca/spend/real-estate/mortgages/mortgage-debt-ratios/\" >debt ratios</a>—may find it hard to qualify for a mortgage, never mind getting the best rates.</p>\n<h3><b>What was missing in this budget?</b></h3>\n<p><span style=\"font-weight: 400;\">Of course, the initial election promise to open up the Home Buyers’ Plan to more than just first-time homebuyers, and allow Canadians dealing with life events, such as work relocation, divorce or the death of a spouse access to the HBP, did not happen. </span></p>\n<p>Nor did an increase in the capital gains inclusion rate, which was speculation to jump from 50% to 66.67% or even as high as 75%.</p>\n<p><span style=\"font-weight: 400;\">While home buyers may have wanted changes to HBP, investors and cottage-owners were on the edge of their seats, waiting to hear if a capital gain announcement would increase their overall tax hit. In the end, neither came. </span></p>\n<p><span style=\"font-weight: 400;\">While Budget 2016 didn’t end up helping first-time home buyers, it did hold a few initiatives that will impact the housing market in Canada. Whether it’s residential renovators who may get a bit of a boost this year, through a senior’s home tax credit, or commercial developers who can stay busy by shifting their focus to purpose-built rental and mixed-use developments, to real estate investors who will need to monitor their profit and how it’s taxed, to home buyers who will need to contend with stricter banking regulation that could impact mortgage lending. There was still enough in this budget to remind us: The Liberals are closely watching this nation’s housing market, and, we should expect more to come. </span></p>\n<p><a style=\"display: block; font-family: sans-serif; text-align: center; background: #425f9c; text-decoration: none; color: #fff; font-weight: bold; padding: 1em; border-radius: 6px;\" href=\"https://www.facebook.com/RKHomeOwner\" >Read more from Romana King at Home Owner on Facebook »</a></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\">Investors watch out! How Budget 2016 impacts real estate</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Investors watch out! How Budget 2016 impacts real estate','<p>Goodbye to rock-bottom mortgage rates and easy money</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\">Investors watch out! How Budget 2016 impacts real estate</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1458-revision-v1','','','2016-03-24 07:16:29','2016-03-24 11:16:29','',1458,'http://feedwordpress.radgeek.com/?rev=792f402ac39508f8a2c9e9d766737aad',0,'revision','',0),(1460,1,'2016-03-23 16:05:52','2016-03-23 20:05:52','\n        <meta itemprop=\"duration\" content=\"PT3M52S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Parliament-hill_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"25 ways the Liberal budget affects you\" />\n        <meta itemprop=\"description\" content=\"The federal budget means big changes for seniors, families, students and investors\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T16:47:07+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4814497533001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4814497533001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','The key takeaway from the federal budget','<p>Budget 2016 was aimed at the middle class. Romana King shares why</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1341-revision-v1','','','2016-03-23 16:05:52','2016-03-23 20:05:52','',1341,'http://feedwordpress.radgeek.com/?rev=72f9f7bb0d97869c2d49b5c0b7cfd0d1',0,'revision','',0),(1461,1,'2016-03-23 16:05:52','2016-03-23 20:05:52','\n        <meta itemprop=\"duration\" content=\"PT3M52S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Parliament-hill_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"25 ways the Liberal budget affects you\" />\n        <meta itemprop=\"description\" content=\"The federal budget means big changes for seniors, families, students and investors\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T16:47:07+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4814497533001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4814497533001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','The key takeaway from the federal budget','<p>Budget 2016 was aimed at the middle class. Romana King shares why</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1341-revision-v1','','','2016-03-23 16:05:52','2016-03-23 20:05:52','',1341,'http://feedwordpress.radgeek.com/?rev=72f9f7bb0d97869c2d49b5c0b7cfd0d1',0,'revision','',0),(1462,1,'2016-03-23 06:15:57','2016-03-23 10:15:57','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/02/taxes-dividends_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"The winners and losers of the Canada Child Benefit\" />\n        <meta itemprop=\"description\" content=\"Our tax expert crunches the numbers \" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-23T06:15:57+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The federal budget made some important tax changes for families.  The good news is that the much rumoured increase to the capital gains inclusions rate did not come to fruition in this budget,  and the anticipated changes to stock option benefits have been deferred for now. But if you’ve invested in corporate class mutual funds, you&#8217;ll want to do any switching between funds on a tax-free basis now until September as that special tax-free treatment will disappear.</p>\n<p>Charities will also wince at the cancellation of a provision expected to begin in 2017, introduced in the last budget. That is, the donation of sales proceeds from a qualifying private corporate or real estate dispositions will no longer qualify for a capital gains exemption if proceeds are donated to charity.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat and our experts will answer</a></p>\n<p><strong>Tool:</strong> <a href=\"http://www.budget.gc.ca/2016/tool-outil/ccb-ace-en.html\" >Finance Canada has a nifty calculator that determines your benefits</a></p>\n<p>Families will be happy with the introduction of the <strong>Canada Child Benefit (CCB)</strong>, which is a refundable credit based on family net income. Specifically, the new CCB provides a maximum benefit of $6400 per child under age of six and $5400 per child age six to 17.</p>\n<p>How much you get is based on 2015 family net income, which is determined on the tax return (2015) currently being filed.  So be sure to dig for every deduction that reduces your net income on Line 236.  Also, a tip for the future:  RRSP planning for families is extremely important as clawback zones can bring marginal tax rates well over 50% in some cases:</p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"2\">Current Clawback Rules</td>\n</tr>\n<tr>\n<td>Income</td>\n<td>MTR(tax)</td>\n<td>MTR with clawbacks</td>\n</tr>\n<tr>\n<td>$30,000</td>\n<td>20.05%</td>\n<td>20.05%</td>\n</tr>\n<tr>\n<td>$40,000</td>\n<td>20.05%</td>\n<td>40.10%</td>\n</tr>\n<tr>\n<td><strong>$50,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$60,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$70,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$80,000</strong></td>\n<td><strong>31.48%</strong></td>\n<td><strong>72.48%</strong></td>\n</tr>\n<tr>\n<td><strong>$90,000</strong></td>\n<td><strong>37.91%</strong></td>\n<td><strong>58.41%</strong></td>\n</tr>\n<tr>\n<td><strong>$100,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td><strong>$110,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td>$120,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$130,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$140,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$150,000</td>\n<td>46.41%</td>\n<td>46.41%</td>\n</tr>\n<tr>\n<td>$160,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$170,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$180,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$190,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$200,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td><strong>$210,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000+</strong></td>\n<td><strong>53.53%</strong></td>\n<td><strong>53.53%</strong></td>\n</tr>\n</tbody>\n</table>\n<p>Do refugees get the benefits?  Foreign-born individuals who are Indians and not Canadian citizens and permanent residents under the Immigration and Refugee Protection Act may legally reside in Canada and receive the CCB. A new limitation is being introduced with regard to eligibility for retroactive payments. Currently individuals may apply for CCTB and Universal Child Care Benefit (UCCB) as far back as the introduction of the programs. Income-tax based credits, however, are limited to a 10-year limitation. Retroactive application of UCCB and CTB will align after 2016, to the 10-year limitation.</p>\n<p>Unfortunately, there is no non-refundable tax credit for minor children for those who do not qualify for the income-tested benefits. This was removed when the previous government introduced the UCCB enhancements and the Family Tax Cut.</p>\n<p>Other non-refundable tax credits will be removed as well:  the education/textbook amounts will disappear, as will the refundable children’s fitness credit.</p>\n<p><strong>Read:</strong> <a href=\"http://www.macleans.ca/politics/ottawa/child-care-benefit-as-promised/\" >Is the Canada Child Benefit fair?</a></p>\n<h3><strong>The Canada Child Benefit: See how it affects you </strong></h3>\n<p>The changes the Liberal government has introduced for families has varying result, depending on family net income, how many children the family has, and whether they are under six or six to 17. We did some calculations at Knowledge Bureau to see how families fare in 2016.</p>\n<p>The key learnings are that while middle-income families are generously rewarded with the combination of tax rate reductions and enhanced refundable tax credits, but their marginal tax rates increase significantly as incomes rise to an upper middle class range:  50% for income levels between $70,000 and $80,000 and over<strong> 67% </strong>for income levels between $90,000 and $120,000.<strong> </strong>This makes RRSP planning a must for those families in order to reduce family net income below the $70,000 threshold.</p>\n<p>Let’s look now at the effects of the changes on a low-income family. In this case, net family income is $30,000 and there are three little children in the family – each under six:</p>\n<p><strong>Scenario: Ontario family has three children under 6 and family net income of $30,000</strong></p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"3\">Both work ($15K each)</td>\n<td colspan=\"3\">One Works ($30K)</td>\n</tr>\n<tr>\n<td></td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n</tr>\n<tr>\n<td>Earned Income</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n</tr>\n<tr>\n<td>&#8211; Federal Tax</td>\n<td>1,318</td>\n<td>454</td>\n<td>+864</td>\n<td>1,466</td>\n<td>602</td>\n<td>+864</td>\n</tr>\n<tr>\n<td>&#8211; Provincial Tax</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Net After Tax</td>\n<td>$28,682</td>\n<td>$29,546</td>\n<td>+$864</td>\n<td>$28,534</td>\n<td>$29,398</td>\n<td>+$864</td>\n</tr>\n<tr>\n<td>+ UCCB</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n</tr>\n<tr>\n<td>+ CTB</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n</tr>\n<tr>\n<td>+ GSTC</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n</tr>\n<tr>\n<td>+ Prov CTB</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Total Income</td>\n<td>$48,409</td>\n<td>$53,057</td>\n<td>+$4,648</td>\n<td>$48,261</td>\n<td>$52,909</td>\n<td>+$4,648</td>\n</tr>\n<tr>\n<td>Monthly Income</td>\n<td>$4,034</td>\n<td>$4,421</td>\n<td>+$387</td>\n<td>$4,022</td>\n<td>$4,409</td>\n<td>+$387</td>\n</tr>\n</tbody>\n</table>\n<p><em>Source: Knowledge Bureau, Inc.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Under the new rules a low-income family with three children will be better off by almost $400 per month.</li>\n<li>This family has after-tax income of $4,409 per month.</li>\n<li>Whether single-earner or two working spouses makes little difference.</li>\n<li>The tax system added 75% to earned income under the new rules with one earner.</li>\n</ul>\n<h3>Higher Income Earners</h3>\n<p>Now let’s take a look at the amount of <strong>Canada Child Benefit</strong> receivable and resulting marginal tax rates at higher income levels. The scenario is the following: Ontario family has three children under 6 and various family net income levels below.  But in this case one spouse is working. First let’s take a look at the old rules:</p>\n<p><strong>Table 1: Old Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"71\">Income</td>\n<td width=\"68\">Income Tax</td>\n<td width=\"67\">UCCB</td>\n<td width=\"67\">CTB</td>\n<td width=\"65\">GSTC</td>\n<td width=\"71\">After Tax</td>\n<td width=\"59\">Effective Tax Rate</td>\n</tr>\n<tr>\n<td width=\"71\">$30,000</td>\n<td width=\"68\">$1,466</td>\n<td width=\"67\">$5,760</td>\n<td width=\"67\">$9,656</td>\n<td width=\"65\">$987</td>\n<td width=\"71\">$44,937</td>\n<td width=\"59\">-50%</td>\n</tr>\n<tr>\n<td width=\"71\">$40,000</td>\n<td width=\"68\">3,406</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">6,140</td>\n<td width=\"65\">652</td>\n<td width=\"71\">$49,146</td>\n<td width=\"59\">-23%</td>\n</tr>\n<tr>\n<td width=\"71\">$50,000</td>\n<td width=\"68\">6,101</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">4,385</td>\n<td width=\"65\">152</td>\n<td width=\"71\">$54,196</td>\n<td width=\"59\">-8%</td>\n</tr>\n<tr>\n<td width=\"71\">$60,000</td>\n<td width=\"68\">9,165</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$60,580</td>\n<td width=\"59\">-1%</td>\n</tr>\n<tr>\n<td width=\"71\">$70,000</td>\n<td width=\"68\">12,280</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$67,065</td>\n<td width=\"59\">+4%</td>\n</tr>\n<tr>\n<td width=\"71\">$80,000</td>\n<td width=\"68\">15,549</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$73,396</td>\n<td width=\"59\">+8%</td>\n</tr>\n<tr>\n<td width=\"71\">$90,000</td>\n<td width=\"68\">19,014</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$79,531</td>\n<td width=\"59\">+12%</td>\n</tr>\n<tr>\n<td width=\"71\">$100,000</td>\n<td width=\"68\">23,268</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$84,877</td>\n<td width=\"59\">+15%</td>\n</tr>\n<tr>\n<td width=\"71\">$110,000</td>\n<td width=\"68\">27,609</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$90,136</td>\n<td width=\"59\">+18%</td>\n</tr>\n<tr>\n<td width=\"71\">$120,000</td>\n<td width=\"68\">31,949</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$95,396</td>\n<td width=\"59\">+21%</td>\n</tr>\n<tr>\n<td width=\"71\">$130,000</td>\n<td width=\"68\">36,291</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$100,654</td>\n<td width=\"59\">+23%</td>\n</tr>\n<tr>\n<td width=\"71\">$140,000</td>\n<td width=\"68\">40,632</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$105,913</td>\n<td width=\"59\">+24%</td>\n</tr>\n<tr>\n<td width=\"71\">$150,000</td>\n<td width=\"68\">45,261</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$110,884</td>\n<td width=\"59\">+26%</td>\n</tr>\n<tr>\n<td width=\"71\">$160,000</td>\n<td width=\"68\">50,058</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">0</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$115,702</td>\n<td width=\"59\">+28%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p>Note that negative figures represent an excess of benefits received over taxes payable. Below, we take a look at what happens under the new rules with our three-child family. We note taxes payable are netted out with eligible refundable tax credits, and compare the results to the old rules.</p>\n<p><strong>Table 2: New Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"67\">Income</td>\n<td width=\"50\">Income Tax</td>\n<td width=\"35\">UCCB</td>\n<td width=\"43\">CCB</td>\n<td width=\"43\">GSTC</td>\n<td width=\"57\">Net Tax</td>\n<td width=\"47\">Effective Tax Rate</td>\n<td width=\"59\">Difference</td>\n<td width=\"29\">% Diff</td>\n<td width=\"46\">MTR</td>\n</tr>\n<tr>\n<td width=\"67\">$30,000</td>\n<td width=\"50\">$602</td>\n<td width=\"35\">$0</td>\n<td width=\"43\">$19,200</td>\n<td width=\"43\">$987</td>\n<td width=\"57\">$49,585</td>\n<td width=\"47\">-65%</td>\n<td width=\"59\">$4,648</td>\n<td width=\"29\">15%</td>\n<td width=\"46\">15%</td>\n</tr>\n<tr>\n<td width=\"67\">$40,000</td>\n<td width=\"50\">3,406</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$17,300</td>\n<td width=\"43\">652</td>\n<td width=\"57\">$54,546</td>\n<td width=\"47\">-36%</td>\n<td width=\"59\">$5,400</td>\n<td width=\"29\">14%</td>\n<td width=\"46\">43.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$50,000</td>\n<td width=\"50\">6,030</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$15,400</td>\n<td width=\"43\">152</td>\n<td width=\"57\">$59,522</td>\n<td width=\"47\">-19%</td>\n<td width=\"59\">$5,326</td>\n<td width=\"29\">11%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$60,000</td>\n<td width=\"50\">8,944</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$13,500</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$64,556</td>\n<td width=\"47\">-8%</td>\n<td width=\"59\">$3,976</td>\n<td width=\"29\">7%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$70,000</td>\n<td width=\"50\">11,909</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$12,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$70,241</td>\n<td width=\"47\">0%</td>\n<td width=\"59\">$3,176</td>\n<td width=\"29\">5%</td>\n<td width=\"46\">37.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$80,000</td>\n<td width=\"50\">15,028</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$11,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$76,322</td>\n<td width=\"47\">5%</td>\n<td width=\"59\">$2,926</td>\n<td width=\"29\">4%</td>\n<td width=\"46\">39.48%</td>\n</tr>\n<tr>\n<td width=\"67\">$90,000</td>\n<td width=\"50\">18,343</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$10,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$82,207</td>\n<td width=\"47\">9%</td>\n<td width=\"59\">$2,676</td>\n<td width=\"29\">3%</td>\n<td width=\"46\">45.91%</td>\n</tr>\n<tr>\n<td width=\"67\">$100,000</td>\n<td width=\"50\">22,588</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$9,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$87,162</td>\n<td width=\"47\">13%</td>\n<td width=\"59\">$2,285</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$110,000</td>\n<td width=\"50\">26,929</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$92,021</td>\n<td width=\"47\">16%</td>\n<td width=\"59\">$1,885</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$120,000</td>\n<td width=\"50\">31,370</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$96,780</td>\n<td width=\"47\">19%</td>\n<td width=\"59\">$1,384</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$130,000</td>\n<td width=\"50\">35,611</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$7,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$101,739</td>\n<td width=\"47\">22%</td>\n<td width=\"59\">$1,085</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$140,000</td>\n<td width=\"50\">39,952</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$6,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$106,598</td>\n<td width=\"47\">24%</td>\n<td width=\"59\">$685</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$150,000</td>\n<td width=\"50\">44,582</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$5,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$111,168</td>\n<td width=\"47\">26%</td>\n<td width=\"59\">$284</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n<tr>\n<td width=\"67\">$160,000</td>\n<td width=\"50\">49,379</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$4,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$115,571</td>\n<td width=\"47\">28%</td>\n<td width=\"59\">-$131</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Family net income can be as high as $70,000 before any net tax is paid (that is, taxes payable less refundable credits received)</li>\n<li>When this family’s income reaches $160,000 it is evident that the UCCB provided more money. In addition the family’s marginal tax rate is quite high, when the clawback of the CCB is taken into account</li>\n<li>However, while high income earners received more benefits under the UCCB regime, the Canada Child Benefit delivers at least some dollars to a broader number of high income families, as illustrated with the high income cut off chart below. In fact, marginal tax rates are over 50% for income levels exceed $100,000 when we take the clawbacks into account. That makes RRSP planning important for families. The deduction of the contribution will help to reduce family net income levels. Child care expense deductions and carry charges on investments are examples of two other deductions that reduce family net income</li>\n</ul>\n<h3>High Income Cut Offs for Canada Child Benefit</h3>\n<p>The following table shows the income level at which the CCB will be eliminated for various families. The full benefit is only received up to family net income of $30,000 but the benefit is available over a surprisingly large income range.</p>\n<table>\n<tbody>\n<tr>\n<td><strong>Ages of Children</strong></td>\n<td><strong>Income Cut-Off</strong></td>\n</tr>\n<tr>\n<td>1 child under 6</td>\n<td>$188,437</td>\n</tr>\n<tr>\n<td>1 child over 6</td>\n<td>$157,187</td>\n</tr>\n<tr>\n<td>2 children, both under 6</td>\n<td>$206,667</td>\n</tr>\n<tr>\n<td>2 children, one under 6</td>\n<td>$189,123</td>\n</tr>\n<tr>\n<td>2 children, both over 5</td>\n<td>$171,579</td>\n</tr>\n<tr>\n<td>3 children all under 6</td>\n<td>$221,875</td>\n</tr>\n<tr>\n<td>3 children, two under 6</td>\n<td>$209,375</td>\n</tr>\n<tr>\n<td>3 children, one under 6</td>\n<td>$196,875</td>\n</tr>\n<tr>\n<td>3 children, all over 5</td>\n<td>$184,375</td>\n</tr>\n<tr>\n<td>4 children, all under 6</td>\n<td>$249,737</td>\n</tr>\n<tr>\n<td>4 children, three under 6</td>\n<td>$239,211</td>\n</tr>\n<tr>\n<td>4 children, two under 6</td>\n<td>$228,684</td>\n</tr>\n<tr>\n<td>4 children, one under 6</td>\n<td>$218,158</td>\n</tr>\n<tr>\n<td>4 children, all over 5</td>\n<td>$207,631</td>\n</tr>\n</tbody>\n</table>\n<h3>Single Child Families</h3>\n<p>In the following scenarios, we take a look at the results under old and new rules that focus on the removal of the UCCB in favour of the CCB and the net results for families at $30,000, $60,000 and $120,000.  In this case, there is only one child.</p>\n<table>\n<tbody>\n<tr>\n<td rowspan=\"2\"><strong>Family </strong></p>\n<p><strong>Income</strong></td>\n<td rowspan=\"2\"><strong>One</strong></p>\n<p><strong>Child</strong></td>\n<td colspan=\"4\"><strong>Old Rules</strong></td>\n<td colspan=\"4\"><strong>New Rules</strong></td>\n<td><strong> </strong></td>\n</tr>\n<tr>\n<td><strong>Income Tax</strong></td>\n<td><strong>CTB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Income Tax</strong></td>\n<td><strong>CCB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Difference</strong></td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$1,920</td>\n<td>$33,808</td>\n<td>$602</td>\n<td>$6,400</td>\n<td>$   &#8211;</td>\n<td>$35,798</td>\n<td>$1,990</td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$720</td>\n<td>$32,608</td>\n<td>$602</td>\n<td>$5,400</td>\n<td>$   &#8211;</td>\n<td>$34,798</td>\n<td>$2,190</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$9,506</td>\n<td>$1,195</td>\n<td>$1,920</td>\n<td>$53,609</td>\n<td>$     8,944</td>\n<td>$   4,300</td>\n<td>$     &#8211;</td>\n<td>$   55,356</td>\n<td>$1,747</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$9,273</td>\n<td>$1,195</td>\n<td>$720</td>\n<td>$52,409</td>\n<td>$     8,944</td>\n<td>$   3,300</td>\n<td>$     &#8211;</td>\n<td>$ 54,356</td>\n<td>$1,947</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$32,322</td>\n<td>$0</td>\n<td>$1,920</td>\n<td>$89,598</td>\n<td>$ 31,270</td>\n<td>$ 2,190</td>\n<td>$     &#8211;</td>\n<td>$   90,920</td>\n<td>$1,322</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$32,058</td>\n<td>$0</td>\n<td>$720</td>\n<td>$88,398</td>\n<td>$ 31,270</td>\n<td>$   1,190</td>\n<td>$     &#8211;</td>\n<td>$   89,920</td>\n<td>$1,522</td>\n</tr>\n</tbody>\n</table>\n<p>Of note is the fact that single-child families are better off with one child under the new rules at either age and across large income ranges. And that’s certainly good news!</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','The winners and losers of the Canada Child Benefit','<p>Our tax expert crunches the numbers </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1014-revision-v1','','','2016-03-23 06:15:57','2016-03-23 10:15:57','',1014,'http://feedwordpress.radgeek.com/?rev=92b2ab9bb0d904ad198e2e7c2bfb5dec',0,'revision','',0),(1463,1,'2016-03-23 06:15:57','2016-03-23 10:15:57','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/02/taxes-dividends_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"The winners and losers of the Canada Child Benefit\" />\n        <meta itemprop=\"description\" content=\"Our tax expert crunches the numbers \" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-23T06:15:57+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The federal budget made some important tax changes for families.  The good news is that the much rumoured increase to the capital gains inclusions rate did not come to fruition in this budget,  and the anticipated changes to stock option benefits have been deferred for now. But if you’ve invested in corporate class mutual funds, you&#8217;ll want to do any switching between funds on a tax-free basis now until September as that special tax-free treatment will disappear.</p>\n<p>Charities will also wince at the cancellation of a provision expected to begin in 2017, introduced in the last budget. That is, the donation of sales proceeds from a qualifying private corporate or real estate dispositions will no longer qualify for a capital gains exemption if proceeds are donated to charity.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat and our experts will answer</a></p>\n<p><strong>Tool:</strong> <a href=\"http://www.budget.gc.ca/2016/tool-outil/ccb-ace-en.html\" >Finance Canada has a nifty calculator that determines your benefits</a></p>\n<p>Families will be happy with the introduction of the <strong>Canada Child Benefit (CCB)</strong>, which is a refundable credit based on family net income. Specifically, the new CCB provides a maximum benefit of $6400 per child under age of six and $5400 per child age six to 17.</p>\n<p>How much you get is based on 2015 family net income, which is determined on the tax return (2015) currently being filed.  So be sure to dig for every deduction that reduces your net income on Line 236.  Also, a tip for the future:  RRSP planning for families is extremely important as clawback zones can bring marginal tax rates well over 50% in some cases:</p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"2\">Current Clawback Rules</td>\n</tr>\n<tr>\n<td>Income</td>\n<td>MTR(tax)</td>\n<td>MTR with clawbacks</td>\n</tr>\n<tr>\n<td>$30,000</td>\n<td>20.05%</td>\n<td>20.05%</td>\n</tr>\n<tr>\n<td>$40,000</td>\n<td>20.05%</td>\n<td>40.10%</td>\n</tr>\n<tr>\n<td><strong>$50,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$60,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$70,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$80,000</strong></td>\n<td><strong>31.48%</strong></td>\n<td><strong>72.48%</strong></td>\n</tr>\n<tr>\n<td><strong>$90,000</strong></td>\n<td><strong>37.91%</strong></td>\n<td><strong>58.41%</strong></td>\n</tr>\n<tr>\n<td><strong>$100,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td><strong>$110,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td>$120,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$130,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$140,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$150,000</td>\n<td>46.41%</td>\n<td>46.41%</td>\n</tr>\n<tr>\n<td>$160,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$170,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$180,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$190,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$200,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td><strong>$210,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000+</strong></td>\n<td><strong>53.53%</strong></td>\n<td><strong>53.53%</strong></td>\n</tr>\n</tbody>\n</table>\n<p>Do refugees get the benefits?  Foreign-born individuals who are Indians and not Canadian citizens and permanent residents under the Immigration and Refugee Protection Act may legally reside in Canada and receive the CCB. A new limitation is being introduced with regard to eligibility for retroactive payments. Currently individuals may apply for CCTB and Universal Child Care Benefit (UCCB) as far back as the introduction of the programs. Income-tax based credits, however, are limited to a 10-year limitation. Retroactive application of UCCB and CTB will align after 2016, to the 10-year limitation.</p>\n<p>Unfortunately, there is no non-refundable tax credit for minor children for those who do not qualify for the income-tested benefits. This was removed when the previous government introduced the UCCB enhancements and the Family Tax Cut.</p>\n<p>Other non-refundable tax credits will be removed as well:  the education/textbook amounts will disappear, as will the refundable children’s fitness credit.</p>\n<p><strong>Read:</strong> <a href=\"http://www.macleans.ca/politics/ottawa/child-care-benefit-as-promised/\" >Is the Canada Child Benefit fair?</a></p>\n<h3><strong>The Canada Child Benefit: See how it affects you </strong></h3>\n<p>The changes the Liberal government has introduced for families has varying result, depending on family net income, how many children the family has, and whether they are under six or six to 17. We did some calculations at Knowledge Bureau to see how families fare in 2016.</p>\n<p>The key learnings are that while middle-income families are generously rewarded with the combination of tax rate reductions and enhanced refundable tax credits, but their marginal tax rates increase significantly as incomes rise to an upper middle class range:  50% for income levels between $70,000 and $80,000 and over<strong> 67% </strong>for income levels between $90,000 and $120,000.<strong> </strong>This makes RRSP planning a must for those families in order to reduce family net income below the $70,000 threshold.</p>\n<p>Let’s look now at the effects of the changes on a low-income family. In this case, net family income is $30,000 and there are three little children in the family – each under six:</p>\n<p><strong>Scenario: Ontario family has three children under 6 and family net income of $30,000</strong></p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"3\">Both work ($15K each)</td>\n<td colspan=\"3\">One Works ($30K)</td>\n</tr>\n<tr>\n<td></td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n</tr>\n<tr>\n<td>Earned Income</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n</tr>\n<tr>\n<td>&#8211; Federal Tax</td>\n<td>1,318</td>\n<td>454</td>\n<td>+864</td>\n<td>1,466</td>\n<td>602</td>\n<td>+864</td>\n</tr>\n<tr>\n<td>&#8211; Provincial Tax</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Net After Tax</td>\n<td>$28,682</td>\n<td>$29,546</td>\n<td>+$864</td>\n<td>$28,534</td>\n<td>$29,398</td>\n<td>+$864</td>\n</tr>\n<tr>\n<td>+ UCCB</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n</tr>\n<tr>\n<td>+ CTB</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n</tr>\n<tr>\n<td>+ GSTC</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n</tr>\n<tr>\n<td>+ Prov CTB</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Total Income</td>\n<td>$48,409</td>\n<td>$53,057</td>\n<td>+$4,648</td>\n<td>$48,261</td>\n<td>$52,909</td>\n<td>+$4,648</td>\n</tr>\n<tr>\n<td>Monthly Income</td>\n<td>$4,034</td>\n<td>$4,421</td>\n<td>+$387</td>\n<td>$4,022</td>\n<td>$4,409</td>\n<td>+$387</td>\n</tr>\n</tbody>\n</table>\n<p><em>Source: Knowledge Bureau, Inc.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Under the new rules a low-income family with three children will be better off by almost $400 per month.</li>\n<li>This family has after-tax income of $4,409 per month.</li>\n<li>Whether single-earner or two working spouses makes little difference.</li>\n<li>The tax system added 75% to earned income under the new rules with one earner.</li>\n</ul>\n<h3>Higher Income Earners</h3>\n<p>Now let’s take a look at the amount of <strong>Canada Child Benefit</strong> receivable and resulting marginal tax rates at higher income levels. The scenario is the following: Ontario family has three children under 6 and various family net income levels below.  But in this case one spouse is working. First let’s take a look at the old rules:</p>\n<p><strong>Table 1: Old Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"71\">Income</td>\n<td width=\"68\">Income Tax</td>\n<td width=\"67\">UCCB</td>\n<td width=\"67\">CTB</td>\n<td width=\"65\">GSTC</td>\n<td width=\"71\">After Tax</td>\n<td width=\"59\">Effective Tax Rate</td>\n</tr>\n<tr>\n<td width=\"71\">$30,000</td>\n<td width=\"68\">$1,466</td>\n<td width=\"67\">$5,760</td>\n<td width=\"67\">$9,656</td>\n<td width=\"65\">$987</td>\n<td width=\"71\">$44,937</td>\n<td width=\"59\">-50%</td>\n</tr>\n<tr>\n<td width=\"71\">$40,000</td>\n<td width=\"68\">3,406</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">6,140</td>\n<td width=\"65\">652</td>\n<td width=\"71\">$49,146</td>\n<td width=\"59\">-23%</td>\n</tr>\n<tr>\n<td width=\"71\">$50,000</td>\n<td width=\"68\">6,101</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">4,385</td>\n<td width=\"65\">152</td>\n<td width=\"71\">$54,196</td>\n<td width=\"59\">-8%</td>\n</tr>\n<tr>\n<td width=\"71\">$60,000</td>\n<td width=\"68\">9,165</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$60,580</td>\n<td width=\"59\">-1%</td>\n</tr>\n<tr>\n<td width=\"71\">$70,000</td>\n<td width=\"68\">12,280</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$67,065</td>\n<td width=\"59\">+4%</td>\n</tr>\n<tr>\n<td width=\"71\">$80,000</td>\n<td width=\"68\">15,549</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$73,396</td>\n<td width=\"59\">+8%</td>\n</tr>\n<tr>\n<td width=\"71\">$90,000</td>\n<td width=\"68\">19,014</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$79,531</td>\n<td width=\"59\">+12%</td>\n</tr>\n<tr>\n<td width=\"71\">$100,000</td>\n<td width=\"68\">23,268</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$84,877</td>\n<td width=\"59\">+15%</td>\n</tr>\n<tr>\n<td width=\"71\">$110,000</td>\n<td width=\"68\">27,609</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$90,136</td>\n<td width=\"59\">+18%</td>\n</tr>\n<tr>\n<td width=\"71\">$120,000</td>\n<td width=\"68\">31,949</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$95,396</td>\n<td width=\"59\">+21%</td>\n</tr>\n<tr>\n<td width=\"71\">$130,000</td>\n<td width=\"68\">36,291</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$100,654</td>\n<td width=\"59\">+23%</td>\n</tr>\n<tr>\n<td width=\"71\">$140,000</td>\n<td width=\"68\">40,632</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$105,913</td>\n<td width=\"59\">+24%</td>\n</tr>\n<tr>\n<td width=\"71\">$150,000</td>\n<td width=\"68\">45,261</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$110,884</td>\n<td width=\"59\">+26%</td>\n</tr>\n<tr>\n<td width=\"71\">$160,000</td>\n<td width=\"68\">50,058</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">0</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$115,702</td>\n<td width=\"59\">+28%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p>Note that negative figures represent an excess of benefits received over taxes payable. Below, we take a look at what happens under the new rules with our three-child family. We note taxes payable are netted out with eligible refundable tax credits, and compare the results to the old rules.</p>\n<p><strong>Table 2: New Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"67\">Income</td>\n<td width=\"50\">Income Tax</td>\n<td width=\"35\">UCCB</td>\n<td width=\"43\">CCB</td>\n<td width=\"43\">GSTC</td>\n<td width=\"57\">Net Tax</td>\n<td width=\"47\">Effective Tax Rate</td>\n<td width=\"59\">Difference</td>\n<td width=\"29\">% Diff</td>\n<td width=\"46\">MTR</td>\n</tr>\n<tr>\n<td width=\"67\">$30,000</td>\n<td width=\"50\">$602</td>\n<td width=\"35\">$0</td>\n<td width=\"43\">$19,200</td>\n<td width=\"43\">$987</td>\n<td width=\"57\">$49,585</td>\n<td width=\"47\">-65%</td>\n<td width=\"59\">$4,648</td>\n<td width=\"29\">15%</td>\n<td width=\"46\">15%</td>\n</tr>\n<tr>\n<td width=\"67\">$40,000</td>\n<td width=\"50\">3,406</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$17,300</td>\n<td width=\"43\">652</td>\n<td width=\"57\">$54,546</td>\n<td width=\"47\">-36%</td>\n<td width=\"59\">$5,400</td>\n<td width=\"29\">14%</td>\n<td width=\"46\">43.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$50,000</td>\n<td width=\"50\">6,030</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$15,400</td>\n<td width=\"43\">152</td>\n<td width=\"57\">$59,522</td>\n<td width=\"47\">-19%</td>\n<td width=\"59\">$5,326</td>\n<td width=\"29\">11%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$60,000</td>\n<td width=\"50\">8,944</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$13,500</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$64,556</td>\n<td width=\"47\">-8%</td>\n<td width=\"59\">$3,976</td>\n<td width=\"29\">7%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$70,000</td>\n<td width=\"50\">11,909</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$12,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$70,241</td>\n<td width=\"47\">0%</td>\n<td width=\"59\">$3,176</td>\n<td width=\"29\">5%</td>\n<td width=\"46\">37.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$80,000</td>\n<td width=\"50\">15,028</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$11,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$76,322</td>\n<td width=\"47\">5%</td>\n<td width=\"59\">$2,926</td>\n<td width=\"29\">4%</td>\n<td width=\"46\">39.48%</td>\n</tr>\n<tr>\n<td width=\"67\">$90,000</td>\n<td width=\"50\">18,343</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$10,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$82,207</td>\n<td width=\"47\">9%</td>\n<td width=\"59\">$2,676</td>\n<td width=\"29\">3%</td>\n<td width=\"46\">45.91%</td>\n</tr>\n<tr>\n<td width=\"67\">$100,000</td>\n<td width=\"50\">22,588</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$9,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$87,162</td>\n<td width=\"47\">13%</td>\n<td width=\"59\">$2,285</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$110,000</td>\n<td width=\"50\">26,929</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$92,021</td>\n<td width=\"47\">16%</td>\n<td width=\"59\">$1,885</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$120,000</td>\n<td width=\"50\">31,370</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$96,780</td>\n<td width=\"47\">19%</td>\n<td width=\"59\">$1,384</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$130,000</td>\n<td width=\"50\">35,611</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$7,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$101,739</td>\n<td width=\"47\">22%</td>\n<td width=\"59\">$1,085</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$140,000</td>\n<td width=\"50\">39,952</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$6,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$106,598</td>\n<td width=\"47\">24%</td>\n<td width=\"59\">$685</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$150,000</td>\n<td width=\"50\">44,582</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$5,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$111,168</td>\n<td width=\"47\">26%</td>\n<td width=\"59\">$284</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n<tr>\n<td width=\"67\">$160,000</td>\n<td width=\"50\">49,379</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$4,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$115,571</td>\n<td width=\"47\">28%</td>\n<td width=\"59\">-$131</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Family net income can be as high as $70,000 before any net tax is paid (that is, taxes payable less refundable credits received)</li>\n<li>When this family’s income reaches $160,000 it is evident that the UCCB provided more money. In addition the family’s marginal tax rate is quite high, when the clawback of the CCB is taken into account</li>\n<li>However, while high income earners received more benefits under the UCCB regime, the Canada Child Benefit delivers at least some dollars to a broader number of high income families, as illustrated with the high income cut off chart below. In fact, marginal tax rates are over 50% for income levels exceed $100,000 when we take the clawbacks into account. That makes RRSP planning important for families. The deduction of the contribution will help to reduce family net income levels. Child care expense deductions and carry charges on investments are examples of two other deductions that reduce family net income</li>\n</ul>\n<h3>High Income Cut Offs for Canada Child Benefit</h3>\n<p>The following table shows the income level at which the CCB will be eliminated for various families. The full benefit is only received up to family net income of $30,000 but the benefit is available over a surprisingly large income range.</p>\n<table>\n<tbody>\n<tr>\n<td><strong>Ages of Children</strong></td>\n<td><strong>Income Cut-Off</strong></td>\n</tr>\n<tr>\n<td>1 child under 6</td>\n<td>$188,437</td>\n</tr>\n<tr>\n<td>1 child over 6</td>\n<td>$157,187</td>\n</tr>\n<tr>\n<td>2 children, both under 6</td>\n<td>$206,667</td>\n</tr>\n<tr>\n<td>2 children, one under 6</td>\n<td>$189,123</td>\n</tr>\n<tr>\n<td>2 children, both over 5</td>\n<td>$171,579</td>\n</tr>\n<tr>\n<td>3 children all under 6</td>\n<td>$221,875</td>\n</tr>\n<tr>\n<td>3 children, two under 6</td>\n<td>$209,375</td>\n</tr>\n<tr>\n<td>3 children, one under 6</td>\n<td>$196,875</td>\n</tr>\n<tr>\n<td>3 children, all over 5</td>\n<td>$184,375</td>\n</tr>\n<tr>\n<td>4 children, all under 6</td>\n<td>$249,737</td>\n</tr>\n<tr>\n<td>4 children, three under 6</td>\n<td>$239,211</td>\n</tr>\n<tr>\n<td>4 children, two under 6</td>\n<td>$228,684</td>\n</tr>\n<tr>\n<td>4 children, one under 6</td>\n<td>$218,158</td>\n</tr>\n<tr>\n<td>4 children, all over 5</td>\n<td>$207,631</td>\n</tr>\n</tbody>\n</table>\n<h3>Single Child Families</h3>\n<p>In the following scenarios, we take a look at the results under old and new rules that focus on the removal of the UCCB in favour of the CCB and the net results for families at $30,000, $60,000 and $120,000.  In this case, there is only one child.</p>\n<table>\n<tbody>\n<tr>\n<td rowspan=\"2\"><strong>Family </strong></p>\n<p><strong>Income</strong></td>\n<td rowspan=\"2\"><strong>One</strong></p>\n<p><strong>Child</strong></td>\n<td colspan=\"4\"><strong>Old Rules</strong></td>\n<td colspan=\"4\"><strong>New Rules</strong></td>\n<td><strong> </strong></td>\n</tr>\n<tr>\n<td><strong>Income Tax</strong></td>\n<td><strong>CTB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Income Tax</strong></td>\n<td><strong>CCB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Difference</strong></td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$1,920</td>\n<td>$33,808</td>\n<td>$602</td>\n<td>$6,400</td>\n<td>$   &#8211;</td>\n<td>$35,798</td>\n<td>$1,990</td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$720</td>\n<td>$32,608</td>\n<td>$602</td>\n<td>$5,400</td>\n<td>$   &#8211;</td>\n<td>$34,798</td>\n<td>$2,190</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$9,506</td>\n<td>$1,195</td>\n<td>$1,920</td>\n<td>$53,609</td>\n<td>$     8,944</td>\n<td>$   4,300</td>\n<td>$     &#8211;</td>\n<td>$   55,356</td>\n<td>$1,747</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$9,273</td>\n<td>$1,195</td>\n<td>$720</td>\n<td>$52,409</td>\n<td>$     8,944</td>\n<td>$   3,300</td>\n<td>$     &#8211;</td>\n<td>$ 54,356</td>\n<td>$1,947</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$32,322</td>\n<td>$0</td>\n<td>$1,920</td>\n<td>$89,598</td>\n<td>$ 31,270</td>\n<td>$ 2,190</td>\n<td>$     &#8211;</td>\n<td>$   90,920</td>\n<td>$1,322</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$32,058</td>\n<td>$0</td>\n<td>$720</td>\n<td>$88,398</td>\n<td>$ 31,270</td>\n<td>$   1,190</td>\n<td>$     &#8211;</td>\n<td>$   89,920</td>\n<td>$1,522</td>\n</tr>\n</tbody>\n</table>\n<p>Of note is the fact that single-child families are better off with one child under the new rules at either age and across large income ranges. And that’s certainly good news!</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','The winners and losers of the Canada Child Benefit','<p>Our tax expert crunches the numbers </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1014-revision-v1','','','2016-03-23 06:15:57','2016-03-23 10:15:57','',1014,'http://feedwordpress.radgeek.com/?rev=92b2ab9bb0d904ad198e2e7c2bfb5dec',0,'revision','',0),(1464,1,'2016-03-22 19:48:29','2016-03-22 23:48:29','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/02/taxes-dividends_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"The winners and losers of the Canada Child Benefit\" />\n        <meta itemprop=\"description\" content=\"Our tax expert crunches the numbers \" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-23T06:15:57+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>On Tuesday afternoon, Finance Minister Bill Morneau tabled his first federal budget in the House of Commons. In many ways it was a big budget (promising a $29.4 billion deficit and a plan to invest $120 billion in infrastructure spending over the next 10 years). There were also a number of line items targeted at Canadian investors. Here are three key ways that Budget 2016 impacts them:</p>\n<h3>No. 1: Investors can expect to pay more tax</h3>\n<p>Budget 2016 aims to close loopholes that some investors use to reduce tax paid to the Canada Revenue Agency (CRA). For instance, it will examine the use of “debt-parking transactions,” used by investors or private corporations in an effort to “preserve the integrity of the foreign exchange computational rules.”</p>\n<p>The Budget will also “prevent the asymmetrical recognition of gains and losses on derivatives for tax purposes,” and “prevent the deferral of capital gains tax by investors in mutual fund corporations structured as switch funds.”</p>\n<p>Also introduced in Budget 2016 is a new rule that would &#8220;effectively treat the portion of any gain realized on the sale of a linked note that is attributable to the variable return on the note as accrued interest on the note.”</p>\n<h3><strong>No. 2: The Labour-Sponsored tax credit will be reinstated</strong></h3>\n<p>Budget 2016 restores the tax credit for share purchases of provincially registered Labour-Sponsored Venture Capital Corporations to 15% for 2016 and subsequent tax years. The aim is to aid small- and medium-sized businesses, by helping them gain access to venture capital and providing federal tax relief of about $815 million through 2020–21.</p>\n<h3><strong>No. 3: The elimination of capital gains tax exemption on donations</strong></h3>\n<p>Last year&#8217;s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','3 ways the federal budget will affect investors','<p>First up: They can expect to pay more tax</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1022-revision-v1','','','2016-03-22 19:48:29','2016-03-22 23:48:29','',1022,'http://feedwordpress.radgeek.com/?rev=9c420942335966230365de411ea0ab2d',0,'revision','',0),(1465,1,'2016-03-22 19:48:29','2016-03-22 23:48:29','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/02/taxes-dividends_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"The winners and losers of the Canada Child Benefit\" />\n        <meta itemprop=\"description\" content=\"Our tax expert crunches the numbers \" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-23T06:15:57+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>On Tuesday afternoon, Finance Minister Bill Morneau tabled his first federal budget in the House of Commons. In many ways it was a big budget (promising a $29.4 billion deficit and a plan to invest $120 billion in infrastructure spending over the next 10 years). There were also a number of line items targeted at Canadian investors. Here are three key ways that Budget 2016 impacts them:</p>\n<h3>No. 1: Investors can expect to pay more tax</h3>\n<p>Budget 2016 aims to close loopholes that some investors use to reduce tax paid to the Canada Revenue Agency (CRA). For instance, it will examine the use of “debt-parking transactions,” used by investors or private corporations in an effort to “preserve the integrity of the foreign exchange computational rules.”</p>\n<p>The Budget will also “prevent the asymmetrical recognition of gains and losses on derivatives for tax purposes,” and “prevent the deferral of capital gains tax by investors in mutual fund corporations structured as switch funds.”</p>\n<p>Also introduced in Budget 2016 is a new rule that would &#8220;effectively treat the portion of any gain realized on the sale of a linked note that is attributable to the variable return on the note as accrued interest on the note.”</p>\n<h3><strong>No. 2: The Labour-Sponsored tax credit will be reinstated</strong></h3>\n<p>Budget 2016 restores the tax credit for share purchases of provincially registered Labour-Sponsored Venture Capital Corporations to 15% for 2016 and subsequent tax years. The aim is to aid small- and medium-sized businesses, by helping them gain access to venture capital and providing federal tax relief of about $815 million through 2020–21.</p>\n<h3><strong>No. 3: The elimination of capital gains tax exemption on donations</strong></h3>\n<p>Last year&#8217;s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','3 ways the federal budget will affect investors','<p>First up: They can expect to pay more tax</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1022-revision-v1','','','2016-03-22 19:48:29','2016-03-22 23:48:29','',1022,'http://feedwordpress.radgeek.com/?rev=9c420942335966230365de411ea0ab2d',0,'revision','',0),(1466,1,'2016-03-22 19:38:52','2016-03-22 23:38:52','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/02/taxes-dividends_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"The winners and losers of the Canada Child Benefit\" />\n        <meta itemprop=\"description\" content=\"Our tax expert crunches the numbers \" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-23T06:15:57+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>For the first time in Canadian history, there are more seniors over the age of 65 than there are children under the age of 15. What this means is that, over time, there will be fewer Canadians working to support the overall population. Seniors issues are only going to grow in importance.</p>\n<p>With that in mind, let&#8217;s dig into what happened in this budget related to seniors. Some of it we already knew, some of it adds up to real change and some omissions are worth noting.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat &amp; our experts will answer</a></p>\n<h3><strong>The OAS reversal</strong></h3>\n<p>As already announced, the eligibility ages of the Old Age Security program will be restored. Budget 2016 proposes to cancel the provisions in the Old Age Security Act that would have increased the age of eligibility for OAS and Guaranteed Income Supplement benefits from 65 to 67 and Allowance benefits from 60 to 62 over the 2023 to 2029 period.</p>\n<p>Restoring the eligibility age for OAS and GIS benefits to 65 will put thousands of dollars back in the pockets of Canadians as they become seniors. These benefits are an important part of the retirement income of Canadians, particularly for lower-income seniors.</p>\n<p>Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty.</p>\n<p>This announcement by the government is basically undoing something that wasn’t due to happen until 2023. The former government put it in place and the current government took it away. Aside from adding some bureaucratic paperwork, no one was impacted by this, although it was certainly hanging over the heads of investors and their planners. Most of them will be thrilled by this reversal, even if they have to amend their financial plans to reflect this.</p>\n<h3><strong>Guaranteed Income Supplement</strong></h3>\n<p>In Canada, the retirement income system has been successful in reducing the incidence of poverty among Canadian seniors due mainly to Canada Pension Plan (CPP) and OAS. However, of those who do struggle to make ends meet in retirement, single seniors are hardest hit. They are nearly three times more likely to live in low income than seniors generally. For that reason, the federal budget offers an increase to the GIS.</p>\n<p>The federal budget promises to top up this monthly non-taxable benefit for low-income OAS recipients, by up to $947 annually, improving the financial security of about 900,000 seniors across Canada. It doubles the current maximum GIS top-up and represents a 10% increase in the total GIS benefits available to the lowest-income single seniors. A few other key facts about the supplement increase:</p>\n<ul>\n<li>It represents an investment of over $670 million per year</li>\n<li>The graduated benefits are based on income threshold of $4,600</li>\n<li>The benefits will be phased out at income of $8,400 or more</li>\n<li>Going forward, they will be calculated based on individual (not combined) incomes</li>\n</ul>\n<p>That last point is especially meaningful to senior couples who have to live apart for reasons beyond their control and who will see an even greater increase in their GIS benefits. This enhancement will help to defer the higher costs of living of maintaining two residences and reduce the risk of increased poverty.</p>\n<p>This proposed increase supports those seniors who rely almost exclusively on OAS and GIS benefits and may therefore be at risk of experiencing financial difficulties. It allows low-income single seniors more freedom of choice with their finances, while knowing they will receive a guaranteed monthly benefit that will increase with inflation over time.</p>\n<p>However, Statistics Canada has indicated that the Low Income Measure (LIM) for a single senior is $22,000 per year so there is still more work to be done on this in order to bring these 900,000 low income seniors to a reasonable, liveable income.</p>\n<p>Here are a few scenarios that illustrate the impact of the changes:</p>\n<ul>\n<li><em>Lynn is a 74-year-old resident of Montréal, Quebec, who lives alone. With no income apart from OAS and GIS benefits, she struggles to make ends meet. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Lynn with an additional $947 per year.</em></li>\n</ul>\n<ul>\n<li><em>Charles is a 68-year-old widower residing in Edmonton, Alberta. Charles receives annual CPP benefits of $5,000 along with OAS and GIS benefits. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Charles with an additional $848 per year.  </em></li>\n</ul>\n<ul>\n<li><em>Heather and David have been married for 40 years. David, age 77, receives annual CPP benefits of $3,000 and OAS and GIS bene</em><em>fits of over $12,500. Heather, age 62, has annual earnings from her part-time job of $6,000 and receives over $5,800 </em><em>in Allowance benefits. Taken together, the OAS program provides Heather and David with over $18,300 in annual income support. </em><em>David requires long-term care and Heather and David must live apart. Budget 2016 proposes to allow David and Heather to receive their GIS</em><em> and Allowance benefits based on their individual incomes, recognizing the higher costs of living that Heather and David would face </em><em>living apart. As a result of the proposed change, David would receive over $14,300 in OAS and GIS benefits. Heather would receive about $8,300 in Allowance benefits. Taken together, the OAS</em><em> program would provide annual income support of about $22,600, an increase of more than $4,000 from current levels.</em></li>\n</ul>\n<h3><strong>Affordable housing for seniors</strong></h3>\n<p>Canada’s senior population is growing, and many seniors now find it difficult to afford housing that is suitable, or that allows them to easily stay in their homes as long as possible.</p>\n<p>Budget 2016 proposes to provide $200.7 million over two years, starting in 2016–17, to support the construction, repair and adaption of affordable housing for seniors. While funding will be provided under the Investment in Affordable Housing initiative, provinces and territories will not be required to cost-match these investments. This investment is expected to help improve housing conditions for more than 5,000 low-income senior households.</p>\n<p>This initiative helps seniors to age at home which is exactly what the majority of seniors prefer but with many seniors still living in the own homes, this program will need to be more fulsome and last longer than two years to offset the impending lack of affordable and accessible housing for this demographic. The provinces and territories will need to step up with their investments to augment this new federal funding.</p>\n<p>Seniors will also be interested to know that there are commitments to improve client services at the Canada Revenue Agency. The CRA will reduce their telephone wait times, new and more easily understood correspondence, and more liaison with local volunteer groups that provide help to low income Canadians with their tax returns.  This is a welcome announcement from the CRA.</p>\n<h3><strong>What’s missing from the budget?</strong></h3>\n<p>Seniors’ groups have been asking for a national pharmacare program to ensure cross-Canada price equity and availability, extended compassionate leave and a national caregivers program, as well as a national home care strategy to allow seniors to age with dignity in their homes. So, while we&#8217;re a little further down the path–there is more room to go.</p>\n<hr />\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\"><img class=\"alignleft wp-image-118650\" src=\"http://www.moneysense.ca/wp-content/uploads/2015/05/Screen-Shot-2015-04-30-at-4.48.05-PM.png\" alt=\"MoneySense Approved\" width=\"250\" height=\"178\" /></a><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Find the advisor who&#8217;s right for you</a></p>\n<p>Let us match you with a trusted financial advisor who has the skills, training and approach to money &amp; investing that you need.</p>\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Try our search tool now!</a></p>\n<hr />\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','What the budget means for seniors','<p>A closer look at changes to OAS, GIS and spending on seniors housing</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1038-revision-v1','','','2016-03-22 19:38:52','2016-03-22 23:38:52','',1038,'http://feedwordpress.radgeek.com/?rev=ba98fcf4d023681efa8742f7cd84a7a9',0,'revision','',0),(1467,1,'2016-03-22 19:38:52','2016-03-22 23:38:52','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/02/taxes-dividends_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"The winners and losers of the Canada Child Benefit\" />\n        <meta itemprop=\"description\" content=\"Our tax expert crunches the numbers \" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-23T06:15:57+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>For the first time in Canadian history, there are more seniors over the age of 65 than there are children under the age of 15. What this means is that, over time, there will be fewer Canadians working to support the overall population. Seniors issues are only going to grow in importance.</p>\n<p>With that in mind, let&#8217;s dig into what happened in this budget related to seniors. Some of it we already knew, some of it adds up to real change and some omissions are worth noting.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat &amp; our experts will answer</a></p>\n<h3><strong>The OAS reversal</strong></h3>\n<p>As already announced, the eligibility ages of the Old Age Security program will be restored. Budget 2016 proposes to cancel the provisions in the Old Age Security Act that would have increased the age of eligibility for OAS and Guaranteed Income Supplement benefits from 65 to 67 and Allowance benefits from 60 to 62 over the 2023 to 2029 period.</p>\n<p>Restoring the eligibility age for OAS and GIS benefits to 65 will put thousands of dollars back in the pockets of Canadians as they become seniors. These benefits are an important part of the retirement income of Canadians, particularly for lower-income seniors.</p>\n<p>Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty.</p>\n<p>This announcement by the government is basically undoing something that wasn’t due to happen until 2023. The former government put it in place and the current government took it away. Aside from adding some bureaucratic paperwork, no one was impacted by this, although it was certainly hanging over the heads of investors and their planners. Most of them will be thrilled by this reversal, even if they have to amend their financial plans to reflect this.</p>\n<h3><strong>Guaranteed Income Supplement</strong></h3>\n<p>In Canada, the retirement income system has been successful in reducing the incidence of poverty among Canadian seniors due mainly to Canada Pension Plan (CPP) and OAS. However, of those who do struggle to make ends meet in retirement, single seniors are hardest hit. They are nearly three times more likely to live in low income than seniors generally. For that reason, the federal budget offers an increase to the GIS.</p>\n<p>The federal budget promises to top up this monthly non-taxable benefit for low-income OAS recipients, by up to $947 annually, improving the financial security of about 900,000 seniors across Canada. It doubles the current maximum GIS top-up and represents a 10% increase in the total GIS benefits available to the lowest-income single seniors. A few other key facts about the supplement increase:</p>\n<ul>\n<li>It represents an investment of over $670 million per year</li>\n<li>The graduated benefits are based on income threshold of $4,600</li>\n<li>The benefits will be phased out at income of $8,400 or more</li>\n<li>Going forward, they will be calculated based on individual (not combined) incomes</li>\n</ul>\n<p>That last point is especially meaningful to senior couples who have to live apart for reasons beyond their control and who will see an even greater increase in their GIS benefits. This enhancement will help to defer the higher costs of living of maintaining two residences and reduce the risk of increased poverty.</p>\n<p>This proposed increase supports those seniors who rely almost exclusively on OAS and GIS benefits and may therefore be at risk of experiencing financial difficulties. It allows low-income single seniors more freedom of choice with their finances, while knowing they will receive a guaranteed monthly benefit that will increase with inflation over time.</p>\n<p>However, Statistics Canada has indicated that the Low Income Measure (LIM) for a single senior is $22,000 per year so there is still more work to be done on this in order to bring these 900,000 low income seniors to a reasonable, liveable income.</p>\n<p>Here are a few scenarios that illustrate the impact of the changes:</p>\n<ul>\n<li><em>Lynn is a 74-year-old resident of Montréal, Quebec, who lives alone. With no income apart from OAS and GIS benefits, she struggles to make ends meet. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Lynn with an additional $947 per year.</em></li>\n</ul>\n<ul>\n<li><em>Charles is a 68-year-old widower residing in Edmonton, Alberta. Charles receives annual CPP benefits of $5,000 along with OAS and GIS benefits. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Charles with an additional $848 per year.  </em></li>\n</ul>\n<ul>\n<li><em>Heather and David have been married for 40 years. David, age 77, receives annual CPP benefits of $3,000 and OAS and GIS bene</em><em>fits of over $12,500. Heather, age 62, has annual earnings from her part-time job of $6,000 and receives over $5,800 </em><em>in Allowance benefits. Taken together, the OAS program provides Heather and David with over $18,300 in annual income support. </em><em>David requires long-term care and Heather and David must live apart. Budget 2016 proposes to allow David and Heather to receive their GIS</em><em> and Allowance benefits based on their individual incomes, recognizing the higher costs of living that Heather and David would face </em><em>living apart. As a result of the proposed change, David would receive over $14,300 in OAS and GIS benefits. Heather would receive about $8,300 in Allowance benefits. Taken together, the OAS</em><em> program would provide annual income support of about $22,600, an increase of more than $4,000 from current levels.</em></li>\n</ul>\n<h3><strong>Affordable housing for seniors</strong></h3>\n<p>Canada’s senior population is growing, and many seniors now find it difficult to afford housing that is suitable, or that allows them to easily stay in their homes as long as possible.</p>\n<p>Budget 2016 proposes to provide $200.7 million over two years, starting in 2016–17, to support the construction, repair and adaption of affordable housing for seniors. While funding will be provided under the Investment in Affordable Housing initiative, provinces and territories will not be required to cost-match these investments. This investment is expected to help improve housing conditions for more than 5,000 low-income senior households.</p>\n<p>This initiative helps seniors to age at home which is exactly what the majority of seniors prefer but with many seniors still living in the own homes, this program will need to be more fulsome and last longer than two years to offset the impending lack of affordable and accessible housing for this demographic. The provinces and territories will need to step up with their investments to augment this new federal funding.</p>\n<p>Seniors will also be interested to know that there are commitments to improve client services at the Canada Revenue Agency. The CRA will reduce their telephone wait times, new and more easily understood correspondence, and more liaison with local volunteer groups that provide help to low income Canadians with their tax returns.  This is a welcome announcement from the CRA.</p>\n<h3><strong>What’s missing from the budget?</strong></h3>\n<p>Seniors’ groups have been asking for a national pharmacare program to ensure cross-Canada price equity and availability, extended compassionate leave and a national caregivers program, as well as a national home care strategy to allow seniors to age with dignity in their homes. So, while we&#8217;re a little further down the path–there is more room to go.</p>\n<hr />\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\"><img class=\"alignleft wp-image-118650\" src=\"http://www.moneysense.ca/wp-content/uploads/2015/05/Screen-Shot-2015-04-30-at-4.48.05-PM.png\" alt=\"MoneySense Approved\" width=\"250\" height=\"178\" /></a><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Find the advisor who&#8217;s right for you</a></p>\n<p>Let us match you with a trusted financial advisor who has the skills, training and approach to money &amp; investing that you need.</p>\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Try our search tool now!</a></p>\n<hr />\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','What the budget means for seniors','<p>A closer look at changes to OAS, GIS and spending on seniors housing</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1038-revision-v1','','','2016-03-22 19:38:52','2016-03-22 23:38:52','',1038,'http://feedwordpress.radgeek.com/?rev=ba98fcf4d023681efa8742f7cd84a7a9',0,'revision','',0),(1468,1,'2016-03-22 19:22:43','2016-03-22 23:22:43','\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/02/taxes-dividends_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"The winners and losers of the Canada Child Benefit\" />\n        <meta itemprop=\"description\" content=\"Our tax expert crunches the numbers \" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-23T06:15:57+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\">Panel: What does the federal budget mean for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Panel: What does the federal budget mean for you?','<p>Did you miss our live panel? See the experts discuss here</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\">Panel: What does the federal budget mean for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1040-revision-v1','','','2016-03-22 19:22:43','2016-03-22 23:22:43','',1040,'http://feedwordpress.radgeek.com/?rev=42ec7909523a5aa4b29ed3e362ca0137',0,'revision','',0),(1469,1,'2016-03-22 19:22:43','2016-03-22 23:22:43','\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://www.moneysense.ca/wp-content/uploads/2016/02/taxes-dividends_401-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"The winners and losers of the Canada Child Benefit\" />\n        <meta itemprop=\"description\" content=\"Our tax expert crunches the numbers \" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-23T06:15:57+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"true\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\">Panel: What does the federal budget mean for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Panel: What does the federal budget mean for you?','<p>Did you miss our live panel? See the experts discuss here</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\">Panel: What does the federal budget mean for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1040-revision-v1','','','2016-03-22 19:22:43','2016-03-22 23:22:43','',1040,'http://feedwordpress.radgeek.com/?rev=42ec7909523a5aa4b29ed3e362ca0137',0,'revision','',0),(1470,1,'2016-01-15 14:00:01','2016-01-15 14:00:01','In this RAW &amp; UNCUT episode, Tish Johnson of Volvo Design introduces MotoMan to the 2017 Volvo S90 Sedan, however before they start, they get photo bombed by Ford CEO, Mark Fields. After a brief introduction of Mark and Tish – who used to work together when Mark ran Premier Automotive Group, they then move on to Tish’s focus on design, the interior. She goes through the details – not only showing what they are but how they came to be . . .\n\nMotoMan. Ordinary Car Guy. Extraordinary Adventures\n\nTWICE A WEEK, MotoMan you on car guy adventures like going behind the scenes and hands on at factories, design studios and race tracks to unique driving experiences – everything from the latest cars to military prototype vehicles.\n\nEACH MONTH, MotoMan has an informal discussion with the key people shaping the car industry in front of a live studio &amp; Internet streamed audience. Connect with us via Facebook &amp; Twitter for a full schedule: \n\nSubscribe now to experience our adventures in the car world.\nhttp://www.youtube.com/subscription_center?add_user=motomantv\n\nCheck out our 2016 #NAIAS Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48qd0wOO-91Nuo4HGawYbo99\n\nCheck out our Infiniti Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48pBha4EqVUYMjN9EmeGnQcN\n\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV','2017 Volvo S90 DESIGN REVIEW with Tish Johnson @ #NAIAS – MOTOMAN UNCUT','','publish','open','open','','2017-volvo-s90-design-review-with-tish-johnson-naias-motoman-uncut','','','2016-01-15 14:00:01','2016-01-15 14:00:01','',0,'http://www.l2ocredit.com/2016/01/15/2017-volvo-s90-design-review-with-tish-johnson-naias-motoman-uncut/',0,'post','',0),(1471,0,'2016-03-24 08:21:30','2016-03-24 12:21:30','','2017 Volvo S90 DESIGN REVIEW with Tish Johnson @ #NAIAS – MOTOMAN UNCUT','','inherit','open','closed','','2017-volvo-s90-design-review-with-tish-johnson-naias-motoman-uncut-2','','','2016-03-24 08:21:30','2016-03-24 12:21:30','',1470,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-volvo-s90-design-review-with-tish-johnson-naias-motoman-uncut-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1472,0,'2016-03-24 08:21:30','2016-03-24 12:21:30','','2017 Volvo S90 DESIGN REVIEW with Tish Johnson @ #NAIAS – MOTOMAN UNCUT','','inherit','open','closed','','2017-volvo-s90-design-review-with-tish-johnson-naias-motoman-uncut-3','','','2016-03-24 08:21:30','2016-03-24 12:21:30','',1470,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-volvo-s90-design-review-with-tish-johnson-naias-motoman-uncut-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1473,1,'2016-01-14 19:07:58','2016-01-14 19:07:58','More videos: http://goo.gl/Kj1FlI\nBest cars in 2016: http://goo.gl/3xAVJi\nUpcoming reviews: http://goo.gl/pLtP6U\nAOA on Facebook: http://goo.gl/a47Cu1\n\nThe Mountain Garden: http://goo.gl/icFWcd','2016 Hyundai Tucson Child Seat Review','','publish','open','open','','2016-hyundai-tucson-child-seat-review','','','2016-01-14 19:07:58','2016-01-14 19:07:58','',0,'http://www.l2ocredit.com/2016/01/14/2016-hyundai-tucson-child-seat-review/',0,'post','',0),(1474,0,'2016-03-24 08:36:35','2016-03-24 12:36:35','','2016 Hyundai Tucson Child Seat Review','','inherit','open','closed','','2016-hyundai-tucson-child-seat-review-2','','','2016-03-24 08:36:35','2016-03-24 12:36:35','',1473,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-hyundai-tucson-child-seat-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1475,0,'2016-03-24 08:36:35','2016-03-24 12:36:35','','2016 Hyundai Tucson Child Seat Review','','inherit','open','closed','','2016-hyundai-tucson-child-seat-review-3','','','2016-03-24 08:36:35','2016-03-24 12:36:35','',1473,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-hyundai-tucson-child-seat-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1476,0,'2016-03-24 08:36:35','2016-03-24 12:36:35','','2016 Hyundai Tucson Child Seat Review','','inherit','open','closed','','2016-hyundai-tucson-child-seat-review-4','','','2016-03-24 08:36:35','2016-03-24 12:36:35','',1473,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-hyundai-tucson-child-seat-review-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1477,1,'2015-11-18 15:00:02','2015-11-18 15:00:02','Is the redesigned Nissan Maxima a bona fide luxury car? Full Article: http://wp.me/p3LQCT-XMG\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','Car Review | 2016 Nissan Maxima | Driving.ca','','publish','open','open','','car-review-2016-nissan-maxima-driving-ca','','','2015-11-18 15:00:02','2015-11-18 15:00:02','',0,'http://www.l2ocredit.com/2015/11/18/car-review-2016-nissan-maxima-driving-ca/',0,'post','',0),(1478,0,'2016-03-24 08:55:48','2016-03-24 12:55:48','','Car Review | 2016 Nissan Maxima | Driving.ca','','inherit','open','closed','','car-review-2016-nissan-maxima-driving-ca-2','','','2016-03-24 08:55:48','2016-03-24 12:55:48','',1477,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-nissan-maxima-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1479,0,'2016-03-24 08:55:48','2016-03-24 12:55:48','','Car Review | 2016 Nissan Maxima | Driving.ca','','inherit','open','closed','','car-review-2016-nissan-maxima-driving-ca-3','','','2016-03-24 08:55:48','2016-03-24 12:55:48','',1477,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-nissan-maxima-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1480,0,'2016-03-24 08:55:49','2016-03-24 12:55:49','','Car Review | 2016 Nissan Maxima | Driving.ca','','inherit','open','closed','','car-review-2016-nissan-maxima-driving-ca-4','','','2016-03-24 08:55:49','2016-03-24 12:55:49','',1477,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-nissan-maxima-driving-ca-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1481,0,'2016-03-24 08:55:49','2016-03-24 12:55:49','','Car Review | 2016 Nissan Maxima | Driving.ca','','inherit','open','closed','','car-review-2016-nissan-maxima-driving-ca-5','','','2016-03-24 08:55:49','2016-03-24 12:55:49','',1477,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-nissan-maxima-driving-ca-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1482,0,'2016-03-24 08:55:50','2016-03-24 12:55:50','','Car Review | 2016 Nissan Maxima | Driving.ca','','inherit','open','closed','','car-review-2016-nissan-maxima-driving-ca-6','','','2016-03-24 08:55:50','2016-03-24 12:55:50','',1477,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-nissan-maxima-driving-ca-youtube-thumbnail-4.jpg',0,'attachment','image/jpeg',0),(1483,1,'2015-08-18 04:48:44','2015-08-18 04:48:44','Porsche offers up a performance bargain, you’ll just have to spend $115,000 take advantage of the offer.','2015 Porsche 911 Carrera GTS','','publish','open','open','','2015-porsche-911-carrera-gts','','','2015-08-18 04:48:44','2015-08-18 04:48:44','',0,'http://www.l2ocredit.com/2015/08/18/2015-porsche-911-carrera-gts/',0,'post','',0),(1484,0,'2016-03-24 09:20:21','2016-03-24 13:20:21','','2015 Porsche 911 Carrera GTS','','inherit','open','closed','','2015-porsche-911-carrera-gts-2','','','2016-03-24 09:20:21','2016-03-24 13:20:21','',1483,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-porsche-911-carrera-gts-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1485,0,'2016-03-24 09:20:21','2016-03-24 13:20:21','','2015 Porsche 911 Carrera GTS','','inherit','open','closed','','2015-porsche-911-carrera-gts-3','','','2016-03-24 09:20:21','2016-03-24 13:20:21','',1483,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-porsche-911-carrera-gts-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1486,0,'2016-03-24 09:20:21','2016-03-24 13:20:21','','2015 Porsche 911 Carrera GTS','','inherit','open','closed','','2015-porsche-911-carrera-gts-4','','','2016-03-24 09:20:21','2016-03-24 13:20:21','',1483,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-porsche-911-carrera-gts-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1487,0,'2016-03-24 09:20:21','2016-03-24 13:20:21','','2015 Porsche 911 Carrera GTS','','inherit','open','closed','','2015-porsche-911-carrera-gts-5','','','2016-03-24 09:20:21','2016-03-24 13:20:21','',1483,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-porsche-911-carrera-gts-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1488,1,'2015-12-03 02:29:07','2015-12-03 02:29:07','The all-new Volvo XC90 is a five or seven passenger mid-to-full-size luxury SUV. The Swedish design comes through with beautiful exterior and interior finish and room for up to 7-passengers. Equipped with a supercharged and turbocharged 4-cylinder engine, the Volvo XC90 T6 is a powerful machine. The Volvo XC90 T8 is a plug-in electric hybrid vehicle with over 400hp. Is this the return of Volvo into the Canadian market, have a look.\n\n\nCompetitors to the Volvo XC90 are the Land Rover Discovery Sport, Lexus RX, Mercedes GLE Coupe, Mercedes-Benz GLE, Mercedes GLE, Mercedes M-Class, Mercedes ML-Class, Mercedes GLK, Mercedes GLC, Mercedes GLA, Mercedes GL, Mercedes G, BMW X5, BMW X6, BMW X3, BMW X1, Audi Q3, Audi Q5, Audi Q7, Audi Q6, Audi A7, BMW 5 Series GT, BMW 4 Series GT, BMW 3 Series GT, Infiniti QX70, Infiniti QX70, Volvo CX60, Volvo CX90, Lexus RX350, Lexus GX, Lexus LX, Porsche Cayenne, Porsche Macan, Range Rover Sport, Range Rover, Land Rover Discovery Sport, Land Rover Discovery, Land Rover LR4, Range Rover Evoque, Acura MDX, Acura RDX, Lincoln MKX, Lincoln MKC, Cadillac SRX, Jeep Grand Cherokee, VW Touareg and Volkswagen Touareg.\n\n\nTwitter: https://twitter.com/MotormouthCDN\nFacebook: http://tinyurl.com/motormouthfb\nMotormouth: http://www.motormouth.ca/\nSubscribe: http://tinyurl.com/motormouthsubscribe\nZack Spencer\nZach Spencer\nCanadian Car Review\nMotormouth Canada','2016 Volvo XC90 Review','','publish','open','open','','2016-volvo-xc90-review','','','2015-12-03 02:29:07','2015-12-03 02:29:07','',0,'http://www.l2ocredit.com/2015/12/03/2016-volvo-xc90-review/',0,'post','',0),(1489,0,'2016-03-24 09:36:26','2016-03-24 13:36:26','','2016 Volvo XC90 Review','','inherit','open','closed','','2016-volvo-xc90-review-2','','','2016-03-24 09:36:26','2016-03-24 13:36:26','',1488,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-volvo-xc90-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1490,0,'2016-03-24 09:36:26','2016-03-24 13:36:26','','2016 Volvo XC90 Review','','inherit','open','closed','','2016-volvo-xc90-review-3','','','2016-03-24 09:36:26','2016-03-24 13:36:26','',1488,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-volvo-xc90-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1491,1,'2016-02-01 07:06:07','2016-02-01 07:06:07','Like Us on Facebook! https://www.facebook.com/pages/Camerons-Car-Reviews/349462695066112?ref=hl \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews','2017 Hyundai Elantra SE Review 2.0L 4-Cylinder | Camerons Car Reviews','','publish','open','open','','2017-hyundai-elantra-se-review-2-0l-4-cylinder-camerons-car-reviews','','','2016-02-01 07:06:07','2016-02-01 07:06:07','',0,'http://www.l2ocredit.com/2016/02/01/2017-hyundai-elantra-se-review-2-0l-4-cylinder-camerons-car-reviews/',0,'post','',0),(1492,0,'2016-03-24 09:56:06','2016-03-24 13:56:06','','2017 Hyundai Elantra SE Review 2.0L 4-Cylinder | Camerons Car Reviews','','inherit','open','closed','','2017-hyundai-elantra-se-review-2-0l-4-cylinder-camerons-car-reviews-2','','','2016-03-24 09:56:06','2016-03-24 13:56:06','',1491,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-hyundai-elantra-se-review-2-0l-4-cylinder-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1493,0,'2016-03-24 09:56:06','2016-03-24 13:56:06','','2017 Hyundai Elantra SE Review 2.0L 4-Cylinder | Camerons Car Reviews','','inherit','open','closed','','2017-hyundai-elantra-se-review-2-0l-4-cylinder-camerons-car-reviews-2','','','2016-03-24 09:56:06','2016-03-24 13:56:06','',1491,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-hyundai-elantra-se-review-2-0l-4-cylinder-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1494,1,'2016-03-24 09:51:32','2016-03-24 13:51:32','<p>You might have heard that it&#8217;s easy to earn 10% per year in the stock market. But, for most investors, those returns are a mirage because a bevy of factors act against them. One of them is simple mathematics.</p>\n<p>Let&#8217;s start with the good news. The Canadian stock market (as represented by the S&amp;P/TSX Composite index) provided average annual returns of 10.4% from 1970 through 2015.</p>\n<p>That&#8217;s the market&#8217;s arithmetic average annual return. It&#8217;s calculated by summing up all of the annual returns generated by the index over the years and then dividing by the number of years in question.</p>\n<p>Problem is, investors don&#8217;t get these returns. They get compound (or geometric average) returns instead.</p>\n<p>An investor who put $1,000 into the market at the start of 1970 would have found themselves with about $53,000 by the end of 2015. (Provided one ignores extra frictions like commissions, fees, and taxes.) Their portfolio grew by a compound average of about 9.0% annually, which is a good deal lower than the arithmetic average of 10.4% annually.</p>\n<p>To see how the difference arises, let&#8217;s walk through a simplified example. Suppose you invest $1,000 in a stock that goes up 60% in the first year and then falls 50% in the second.</p>\n<p>The simple, or arithmetic, average annual return would be (60% plus -50%) divided by 2. That&#8217;s an average annual gain of 5%.</p>\n<p>Now follow the money. The investor starts with $1,000, which grows to $1,600 (a 60% gain) after the first year. It then falls to $800 (a 50% loss from $1,600) by the end of the second year. Overall, the investment lost 20% over 2 years, which is equivalent to an annualized loss of about 10.6%.</p>\n<p>In this hypothetical case, the arithmetic annual return is 5% whereas the investor actually lost 10.6% annually (the geometric average).</p>\n<p>A similar thing happened for the Canadian stock index which boasts of arithmetic average returns of 10.4% per year from 1970 through 2015 but investors only compounded their money at an average rate of 9.0% annually in practice.</p>\n<p>That tricky bit of math is just the start of the problem for investors. For instance, if you adjust for the declining purchasing power of the Canadian dollar over the period (otherwise known as inflation) then the real annual return Canadians got plunges from near 9.0% to just about 4.8%. That&#8217;s less than half the 10% advertised rate.</p>\n<p>Alas, nasty things like fees, commissions, and taxes also take a big bite out of returns. But I&#8217;ll have to take a trip to the doctor for some anti-depressants before adding those to the mix.</p>\n<p>Let&#8217;s just say that investors are likely to achieve inflation-adjusted returns that are a good deal less than 5% in the future. As a result, they should think about saving a little more and spending a little less than they might have expected.</p>\n<h3>Safer Canadian Dogs</h3>\n<p>Investors following the Dogs of the Dow strategy want to buy the 10 highest yielding stocks in the Dow Jones Industrial Average (DJIA), hold them for a year, and then move into the new list of top yielders.</p>\n<p>The Dogs of the TSX works the same way but swaps the DJIA for the S&amp;P/TSX 60, which contains 60 of the largest stocks in Canada.</p>\n<p>My safer variant of the Dogs of the TSX tracks the 10 stocks in the index with the highest dividend yields provided they also pass a series of safety tests, such as having positive earnings. The idea is to weed out companies that might cut their dividends in the near term. Just be warned, it’s a task that’s easier said than done.</p>\n<p>Here’s the updated Safer Dogs of the TSX, representing the top yielders as of March 18. The list is a good starting point for those who want to put some money to work this week. Just keep in mind, the idea is to hold the stocks for at least a year after purchase – barring some calamity.</p>\n		<div>\n					</div>\n\n				<div class=\"rdm_ft_scroll_buttons_container\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n			<br clear=\"both\" />\n	\n		<div class=\"rdm_ft_table_container\">\n			<table class=\"footable rdm-footable\" >\n				<thead>\n			        <tr>\n			        							<th  data-class=\"expand\"  class=\"footable-sortable\">Name</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Price</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/B</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/E</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Earnings Yield</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Dividend Yield</th>\n										</tr>\n				</thead>\n				<tbody>\n					\n								<tr>\n\n																	<td>National Bank (NA)</td>\n																	<td>$43.91</td>\n																	<td>1.58</td>\n																	<td>10.79</td>\n																	<td>9.27%</td>\n																	<td>4.92%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>CIBC (CM)</td>\n																	<td>$98.56</td>\n																	<td>1.88</td>\n																	<td>10.9</td>\n																	<td>9.17%</td>\n																	<td>4.79%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>BCE (BCE)</td>\n																	<td>$57.83</td>\n																	<td>3.85</td>\n																	<td>19.41</td>\n																	<td>5.15%</td>\n																	<td>4.72%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Shaw (SJR.B)</td>\n																	<td>$25.25</td>\n																	<td>2.29</td>\n																	<td>14.35</td>\n																	<td>6.97%</td>\n																	<td>4.69%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Nova Scotia (BNS)</td>\n																	<td>$63.57</td>\n																	<td>1.5</td>\n																	<td>10.98</td>\n																	<td>9.11%</td>\n																	<td>4.53%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Royal Bank (RY)</td>\n																	<td>$75.22</td>\n																	<td>1.77</td>\n																	<td>11.28</td>\n																	<td>8.87%</td>\n																	<td>4.31%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>TELUS (T)</td>\n																	<td>$41.04</td>\n																	<td>3.18</td>\n																	<td>17.92</td>\n																	<td>5.58%</td>\n																	<td>4.29%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Montreal (BMO)</td>\n																	<td>$78.61</td>\n																	<td>1.32</td>\n																	<td>11.7</td>\n																	<td>8.55%</td>\n																	<td>4.27%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Power Corp (POW)</td>\n																	<td>$30.22</td>\n																	<td>1.11</td>\n																	<td>7.57</td>\n																	<td>13.20%</td>\n																	<td>4.12%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Emera (EMA)</td>\n																	<td>$46.61</td>\n																	<td>1.97</td>\n																	<td>17.12</td>\n																	<td>5.84%</td>\n																	<td>4.08%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n								\n								</tr>\n\n									</tbody>\n			</table>\n			<div class=\"rdm_ft_scroll_buttons_container rdm_ft_table_bottom\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n		</div>\n	\n<p>Source: Bloomberg, March 18, 2016</p>\n<p>Notes</p>\n<p>Price: Closing price per share</p>\n<p>P/B: Price to Book Value Ratio</p>\n<p>P/E: Price to Earnings Ratio</p>\n<p>Earnings Yield: Earnings divided by Price, expressed as a percentage</p>\n<p>Dividend Yield: Expected-Annual-Dividend divided by Price, expressed as a percentage</p>\n<p>As always, do your due diligence before buying any stock, including those featured here. Make sure its situation hasn’t changed in some important way, read the latest press releases and regulatory filings and take special care with stocks that trade infrequently. Remember, stocks can be risky. So, be careful out there. (Norm may own shares of some, or all, of the stocks mentioned here.)</p>\n<h3>Required Reading</h3>\n<p><a href=\"https://assetbuilder.com/knowledge-center/articles/how-to-beat-the-sp-500-index\" >How To Beat The S&amp;P 500 Index</a></p>\n<p>Andrew Hallam reports on the Dogs of the Dow&#8217;s long winning streak.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Why your returns are a lie','<p>The Canadian stock market yields average annual returns of 10.4% but investors aren\'t seeing the full prize</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-24 09:51:32','2016-03-24 13:51:32','',0,'http://www.moneysense.ca/?p=150872',0,'post','',0),(1495,1,'2016-03-24 09:51:32','2016-03-24 13:51:32','<p>You might have heard that it&#8217;s easy to earn 10% per year in the stock market. But, for most investors, those returns are a mirage because a bevy of factors act against them. One of them is simple mathematics.</p>\n<p>Let&#8217;s start with the good news. The Canadian stock market (as represented by the S&amp;P/TSX Composite index) provided average annual returns of 10.4% from 1970 through 2015.</p>\n<p>That&#8217;s the market&#8217;s arithmetic average annual return. It&#8217;s calculated by summing up all of the annual returns generated by the index over the years and then dividing by the number of years in question.</p>\n<p>Problem is, investors don&#8217;t get these returns. They get compound (or geometric average) returns instead.</p>\n<p>An investor who put $1,000 into the market at the start of 1970 would have found themselves with about $53,000 by the end of 2015. (Provided one ignores extra frictions like commissions, fees, and taxes.) Their portfolio grew by a compound average of about 9.0% annually, which is a good deal lower than the arithmetic average of 10.4% annually.</p>\n<p>To see how the difference arises, let&#8217;s walk through a simplified example. Suppose you invest $1,000 in a stock that goes up 60% in the first year and then falls 50% in the second.</p>\n<p>The simple, or arithmetic, average annual return would be (60% plus -50%) divided by 2. That&#8217;s an average annual gain of 5%.</p>\n<p>Now follow the money. The investor starts with $1,000, which grows to $1,600 (a 60% gain) after the first year. It then falls to $800 (a 50% loss from $1,600) by the end of the second year. Overall, the investment lost 20% over 2 years, which is equivalent to an annualized loss of about 10.6%.</p>\n<p>In this hypothetical case, the arithmetic annual return is 5% whereas the investor actually lost 10.6% annually (the geometric average).</p>\n<p>A similar thing happened for the Canadian stock index which boasts of arithmetic average returns of 10.4% per year from 1970 through 2015 but investors only compounded their money at an average rate of 9.0% annually in practice.</p>\n<p>That tricky bit of math is just the start of the problem for investors. For instance, if you adjust for the declining purchasing power of the Canadian dollar over the period (otherwise known as inflation) then the real annual return Canadians got plunges from near 9.0% to just about 4.8%. That&#8217;s less than half the 10% advertised rate.</p>\n<p>Alas, nasty things like fees, commissions, and taxes also take a big bite out of returns. But I&#8217;ll have to take a trip to the doctor for some anti-depressants before adding those to the mix.</p>\n<p>Let&#8217;s just say that investors are likely to achieve inflation-adjusted returns that are a good deal less than 5% in the future. As a result, they should think about saving a little more and spending a little less than they might have expected.</p>\n<h3>Safer Canadian Dogs</h3>\n<p>Investors following the Dogs of the Dow strategy want to buy the 10 highest yielding stocks in the Dow Jones Industrial Average (DJIA), hold them for a year, and then move into the new list of top yielders.</p>\n<p>The Dogs of the TSX works the same way but swaps the DJIA for the S&amp;P/TSX 60, which contains 60 of the largest stocks in Canada.</p>\n<p>My safer variant of the Dogs of the TSX tracks the 10 stocks in the index with the highest dividend yields provided they also pass a series of safety tests, such as having positive earnings. The idea is to weed out companies that might cut their dividends in the near term. Just be warned, it’s a task that’s easier said than done.</p>\n<p>Here’s the updated Safer Dogs of the TSX, representing the top yielders as of March 18. The list is a good starting point for those who want to put some money to work this week. Just keep in mind, the idea is to hold the stocks for at least a year after purchase – barring some calamity.</p>\n		<div>\n					</div>\n\n				<div class=\"rdm_ft_scroll_buttons_container\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n			<br clear=\"both\" />\n	\n		<div class=\"rdm_ft_table_container\">\n			<table class=\"footable rdm-footable\" >\n				<thead>\n			        <tr>\n			        							<th  data-class=\"expand\"  class=\"footable-sortable\">Name</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Price</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/B</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/E</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Earnings Yield</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Dividend Yield</th>\n										</tr>\n				</thead>\n				<tbody>\n					\n								<tr>\n\n																	<td>National Bank (NA)</td>\n																	<td>$43.91</td>\n																	<td>1.58</td>\n																	<td>10.79</td>\n																	<td>9.27%</td>\n																	<td>4.92%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>CIBC (CM)</td>\n																	<td>$98.56</td>\n																	<td>1.88</td>\n																	<td>10.9</td>\n																	<td>9.17%</td>\n																	<td>4.79%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>BCE (BCE)</td>\n																	<td>$57.83</td>\n																	<td>3.85</td>\n																	<td>19.41</td>\n																	<td>5.15%</td>\n																	<td>4.72%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Shaw (SJR.B)</td>\n																	<td>$25.25</td>\n																	<td>2.29</td>\n																	<td>14.35</td>\n																	<td>6.97%</td>\n																	<td>4.69%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Nova Scotia (BNS)</td>\n																	<td>$63.57</td>\n																	<td>1.5</td>\n																	<td>10.98</td>\n																	<td>9.11%</td>\n																	<td>4.53%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Royal Bank (RY)</td>\n																	<td>$75.22</td>\n																	<td>1.77</td>\n																	<td>11.28</td>\n																	<td>8.87%</td>\n																	<td>4.31%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>TELUS (T)</td>\n																	<td>$41.04</td>\n																	<td>3.18</td>\n																	<td>17.92</td>\n																	<td>5.58%</td>\n																	<td>4.29%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Montreal (BMO)</td>\n																	<td>$78.61</td>\n																	<td>1.32</td>\n																	<td>11.7</td>\n																	<td>8.55%</td>\n																	<td>4.27%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Power Corp (POW)</td>\n																	<td>$30.22</td>\n																	<td>1.11</td>\n																	<td>7.57</td>\n																	<td>13.20%</td>\n																	<td>4.12%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Emera (EMA)</td>\n																	<td>$46.61</td>\n																	<td>1.97</td>\n																	<td>17.12</td>\n																	<td>5.84%</td>\n																	<td>4.08%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n								\n								</tr>\n\n									</tbody>\n			</table>\n			<div class=\"rdm_ft_scroll_buttons_container rdm_ft_table_bottom\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n		</div>\n	\n<p>Source: Bloomberg, March 18, 2016</p>\n<p>Notes</p>\n<p>Price: Closing price per share</p>\n<p>P/B: Price to Book Value Ratio</p>\n<p>P/E: Price to Earnings Ratio</p>\n<p>Earnings Yield: Earnings divided by Price, expressed as a percentage</p>\n<p>Dividend Yield: Expected-Annual-Dividend divided by Price, expressed as a percentage</p>\n<p>As always, do your due diligence before buying any stock, including those featured here. Make sure its situation hasn’t changed in some important way, read the latest press releases and regulatory filings and take special care with stocks that trade infrequently. Remember, stocks can be risky. So, be careful out there. (Norm may own shares of some, or all, of the stocks mentioned here.)</p>\n<h3>Required Reading</h3>\n<p><a href=\"https://assetbuilder.com/knowledge-center/articles/how-to-beat-the-sp-500-index\" >How To Beat The S&amp;P 500 Index</a></p>\n<p>Andrew Hallam reports on the Dogs of the Dow&#8217;s long winning streak.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Why your returns are a lie','<p>The Canadian stock market yields average annual returns of 10.4% but investors aren\'t seeing the full prize</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-24 09:51:32','2016-03-24 13:51:32','',0,'http://www.moneysense.ca/?p=150872',0,'post','',0),(1496,1,'2016-03-24 09:51:32','2016-03-24 13:51:32','<p>You might have heard that it&#8217;s easy to earn 10% per year in the stock market. But, for most investors, those returns are a mirage because a bevy of factors act against them. One of them is simple mathematics.</p>\n<p>Let&#8217;s start with the good news. The Canadian stock market (as represented by the S&amp;P/TSX Composite index) provided average annual returns of 10.4% from 1970 through 2015.</p>\n<p>That&#8217;s the market&#8217;s arithmetic average annual return. It&#8217;s calculated by summing up all of the annual returns generated by the index over the years and then dividing by the number of years in question.</p>\n<p>Problem is, investors don&#8217;t get these returns. They get compound (or geometric average) returns instead.</p>\n<p>An investor who put $1,000 into the market at the start of 1970 would have found themselves with about $53,000 by the end of 2015. (Provided one ignores extra frictions like commissions, fees, and taxes.) Their portfolio grew by a compound average of about 9.0% annually, which is a good deal lower than the arithmetic average of 10.4% annually.</p>\n<p>To see how the difference arises, let&#8217;s walk through a simplified example. Suppose you invest $1,000 in a stock that goes up 60% in the first year and then falls 50% in the second.</p>\n<p>The simple, or arithmetic, average annual return would be (60% plus -50%) divided by 2. That&#8217;s an average annual gain of 5%.</p>\n<p>Now follow the money. The investor starts with $1,000, which grows to $1,600 (a 60% gain) after the first year. It then falls to $800 (a 50% loss from $1,600) by the end of the second year. Overall, the investment lost 20% over 2 years, which is equivalent to an annualized loss of about 10.6%.</p>\n<p>In this hypothetical case, the arithmetic annual return is 5% whereas the investor actually lost 10.6% annually (the geometric average).</p>\n<p>A similar thing happened for the Canadian stock index which boasts of arithmetic average returns of 10.4% per year from 1970 through 2015 but investors only compounded their money at an average rate of 9.0% annually in practice.</p>\n<p>That tricky bit of math is just the start of the problem for investors. For instance, if you adjust for the declining purchasing power of the Canadian dollar over the period (otherwise known as inflation) then the real annual return Canadians got plunges from near 9.0% to just about 4.8%. That&#8217;s less than half the 10% advertised rate.</p>\n<p>Alas, nasty things like fees, commissions, and taxes also take a big bite out of returns. But I&#8217;ll have to take a trip to the doctor for some anti-depressants before adding those to the mix.</p>\n<p>Let&#8217;s just say that investors are likely to achieve inflation-adjusted returns that are a good deal less than 5% in the future. As a result, they should think about saving a little more and spending a little less than they might have expected.</p>\n<h3>Safer Canadian Dogs</h3>\n<p>Investors following the Dogs of the Dow strategy want to buy the 10 highest yielding stocks in the Dow Jones Industrial Average (DJIA), hold them for a year, and then move into the new list of top yielders.</p>\n<p>The Dogs of the TSX works the same way but swaps the DJIA for the S&amp;P/TSX 60, which contains 60 of the largest stocks in Canada.</p>\n<p>My safer variant of the Dogs of the TSX tracks the 10 stocks in the index with the highest dividend yields provided they also pass a series of safety tests, such as having positive earnings. The idea is to weed out companies that might cut their dividends in the near term. Just be warned, it’s a task that’s easier said than done.</p>\n<p>Here’s the updated Safer Dogs of the TSX, representing the top yielders as of March 18. The list is a good starting point for those who want to put some money to work this week. Just keep in mind, the idea is to hold the stocks for at least a year after purchase – barring some calamity.</p>\n		<div>\n					</div>\n\n				<div class=\"rdm_ft_scroll_buttons_container\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n			<br clear=\"both\" />\n	\n		<div class=\"rdm_ft_table_container\">\n			<table class=\"footable rdm-footable\" >\n				<thead>\n			        <tr>\n			        							<th  data-class=\"expand\"  class=\"footable-sortable\">Name</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Price</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/B</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/E</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Earnings Yield</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Dividend Yield</th>\n										</tr>\n				</thead>\n				<tbody>\n					\n								<tr>\n\n																	<td>National Bank (NA)</td>\n																	<td>$43.91</td>\n																	<td>1.58</td>\n																	<td>10.79</td>\n																	<td>9.27%</td>\n																	<td>4.92%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>CIBC (CM)</td>\n																	<td>$98.56</td>\n																	<td>1.88</td>\n																	<td>10.9</td>\n																	<td>9.17%</td>\n																	<td>4.79%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>BCE (BCE)</td>\n																	<td>$57.83</td>\n																	<td>3.85</td>\n																	<td>19.41</td>\n																	<td>5.15%</td>\n																	<td>4.72%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Shaw (SJR.B)</td>\n																	<td>$25.25</td>\n																	<td>2.29</td>\n																	<td>14.35</td>\n																	<td>6.97%</td>\n																	<td>4.69%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Nova Scotia (BNS)</td>\n																	<td>$63.57</td>\n																	<td>1.5</td>\n																	<td>10.98</td>\n																	<td>9.11%</td>\n																	<td>4.53%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Royal Bank (RY)</td>\n																	<td>$75.22</td>\n																	<td>1.77</td>\n																	<td>11.28</td>\n																	<td>8.87%</td>\n																	<td>4.31%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>TELUS (T)</td>\n																	<td>$41.04</td>\n																	<td>3.18</td>\n																	<td>17.92</td>\n																	<td>5.58%</td>\n																	<td>4.29%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Montreal (BMO)</td>\n																	<td>$78.61</td>\n																	<td>1.32</td>\n																	<td>11.7</td>\n																	<td>8.55%</td>\n																	<td>4.27%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Power Corp (POW)</td>\n																	<td>$30.22</td>\n																	<td>1.11</td>\n																	<td>7.57</td>\n																	<td>13.20%</td>\n																	<td>4.12%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Emera (EMA)</td>\n																	<td>$46.61</td>\n																	<td>1.97</td>\n																	<td>17.12</td>\n																	<td>5.84%</td>\n																	<td>4.08%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n								\n								</tr>\n\n									</tbody>\n			</table>\n			<div class=\"rdm_ft_scroll_buttons_container rdm_ft_table_bottom\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n		</div>\n	\n<p>Source: Bloomberg, March 18, 2016</p>\n<p>Notes</p>\n<p>Price: Closing price per share</p>\n<p>P/B: Price to Book Value Ratio</p>\n<p>P/E: Price to Earnings Ratio</p>\n<p>Earnings Yield: Earnings divided by Price, expressed as a percentage</p>\n<p>Dividend Yield: Expected-Annual-Dividend divided by Price, expressed as a percentage</p>\n<p>As always, do your due diligence before buying any stock, including those featured here. Make sure its situation hasn’t changed in some important way, read the latest press releases and regulatory filings and take special care with stocks that trade infrequently. Remember, stocks can be risky. So, be careful out there. (Norm may own shares of some, or all, of the stocks mentioned here.)</p>\n<h3>Required Reading</h3>\n<p><a href=\"https://assetbuilder.com/knowledge-center/articles/how-to-beat-the-sp-500-index\" >How To Beat The S&amp;P 500 Index</a></p>\n<p>Andrew Hallam reports on the Dogs of the Dow&#8217;s long winning streak.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Why your returns are a lie','<p>The Canadian stock market yields average annual returns of 10.4% but investors aren\'t seeing the full prize</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1494-revision-v1','','','2016-03-24 09:51:32','2016-03-24 13:51:32','',1494,'http://feedwordpress.radgeek.com/?rev=02ce62a5265a8354c8a4df981e25b9a9',0,'revision','',0),(1497,1,'2016-03-24 09:51:32','2016-03-24 13:51:32','<p>You might have heard that it&#8217;s easy to earn 10% per year in the stock market. But, for most investors, those returns are a mirage because a bevy of factors act against them. One of them is simple mathematics.</p>\n<p>Let&#8217;s start with the good news. The Canadian stock market (as represented by the S&amp;P/TSX Composite index) provided average annual returns of 10.4% from 1970 through 2015.</p>\n<p>That&#8217;s the market&#8217;s arithmetic average annual return. It&#8217;s calculated by summing up all of the annual returns generated by the index over the years and then dividing by the number of years in question.</p>\n<p>Problem is, investors don&#8217;t get these returns. They get compound (or geometric average) returns instead.</p>\n<p>An investor who put $1,000 into the market at the start of 1970 would have found themselves with about $53,000 by the end of 2015. (Provided one ignores extra frictions like commissions, fees, and taxes.) Their portfolio grew by a compound average of about 9.0% annually, which is a good deal lower than the arithmetic average of 10.4% annually.</p>\n<p>To see how the difference arises, let&#8217;s walk through a simplified example. Suppose you invest $1,000 in a stock that goes up 60% in the first year and then falls 50% in the second.</p>\n<p>The simple, or arithmetic, average annual return would be (60% plus -50%) divided by 2. That&#8217;s an average annual gain of 5%.</p>\n<p>Now follow the money. The investor starts with $1,000, which grows to $1,600 (a 60% gain) after the first year. It then falls to $800 (a 50% loss from $1,600) by the end of the second year. Overall, the investment lost 20% over 2 years, which is equivalent to an annualized loss of about 10.6%.</p>\n<p>In this hypothetical case, the arithmetic annual return is 5% whereas the investor actually lost 10.6% annually (the geometric average).</p>\n<p>A similar thing happened for the Canadian stock index which boasts of arithmetic average returns of 10.4% per year from 1970 through 2015 but investors only compounded their money at an average rate of 9.0% annually in practice.</p>\n<p>That tricky bit of math is just the start of the problem for investors. For instance, if you adjust for the declining purchasing power of the Canadian dollar over the period (otherwise known as inflation) then the real annual return Canadians got plunges from near 9.0% to just about 4.8%. That&#8217;s less than half the 10% advertised rate.</p>\n<p>Alas, nasty things like fees, commissions, and taxes also take a big bite out of returns. But I&#8217;ll have to take a trip to the doctor for some anti-depressants before adding those to the mix.</p>\n<p>Let&#8217;s just say that investors are likely to achieve inflation-adjusted returns that are a good deal less than 5% in the future. As a result, they should think about saving a little more and spending a little less than they might have expected.</p>\n<h3>Safer Canadian Dogs</h3>\n<p>Investors following the Dogs of the Dow strategy want to buy the 10 highest yielding stocks in the Dow Jones Industrial Average (DJIA), hold them for a year, and then move into the new list of top yielders.</p>\n<p>The Dogs of the TSX works the same way but swaps the DJIA for the S&amp;P/TSX 60, which contains 60 of the largest stocks in Canada.</p>\n<p>My safer variant of the Dogs of the TSX tracks the 10 stocks in the index with the highest dividend yields provided they also pass a series of safety tests, such as having positive earnings. The idea is to weed out companies that might cut their dividends in the near term. Just be warned, it’s a task that’s easier said than done.</p>\n<p>Here’s the updated Safer Dogs of the TSX, representing the top yielders as of March 18. The list is a good starting point for those who want to put some money to work this week. Just keep in mind, the idea is to hold the stocks for at least a year after purchase – barring some calamity.</p>\n		<div>\n					</div>\n\n				<div class=\"rdm_ft_scroll_buttons_container\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n			<br clear=\"both\" />\n	\n		<div class=\"rdm_ft_table_container\">\n			<table class=\"footable rdm-footable\" >\n				<thead>\n			        <tr>\n			        							<th  data-class=\"expand\"  class=\"footable-sortable\">Name</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Price</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/B</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/E</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Earnings Yield</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Dividend Yield</th>\n										</tr>\n				</thead>\n				<tbody>\n					\n								<tr>\n\n																	<td>National Bank (NA)</td>\n																	<td>$43.91</td>\n																	<td>1.58</td>\n																	<td>10.79</td>\n																	<td>9.27%</td>\n																	<td>4.92%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>CIBC (CM)</td>\n																	<td>$98.56</td>\n																	<td>1.88</td>\n																	<td>10.9</td>\n																	<td>9.17%</td>\n																	<td>4.79%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>BCE (BCE)</td>\n																	<td>$57.83</td>\n																	<td>3.85</td>\n																	<td>19.41</td>\n																	<td>5.15%</td>\n																	<td>4.72%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Shaw (SJR.B)</td>\n																	<td>$25.25</td>\n																	<td>2.29</td>\n																	<td>14.35</td>\n																	<td>6.97%</td>\n																	<td>4.69%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Nova Scotia (BNS)</td>\n																	<td>$63.57</td>\n																	<td>1.5</td>\n																	<td>10.98</td>\n																	<td>9.11%</td>\n																	<td>4.53%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Royal Bank (RY)</td>\n																	<td>$75.22</td>\n																	<td>1.77</td>\n																	<td>11.28</td>\n																	<td>8.87%</td>\n																	<td>4.31%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>TELUS (T)</td>\n																	<td>$41.04</td>\n																	<td>3.18</td>\n																	<td>17.92</td>\n																	<td>5.58%</td>\n																	<td>4.29%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Montreal (BMO)</td>\n																	<td>$78.61</td>\n																	<td>1.32</td>\n																	<td>11.7</td>\n																	<td>8.55%</td>\n																	<td>4.27%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Power Corp (POW)</td>\n																	<td>$30.22</td>\n																	<td>1.11</td>\n																	<td>7.57</td>\n																	<td>13.20%</td>\n																	<td>4.12%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Emera (EMA)</td>\n																	<td>$46.61</td>\n																	<td>1.97</td>\n																	<td>17.12</td>\n																	<td>5.84%</td>\n																	<td>4.08%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n								\n								</tr>\n\n									</tbody>\n			</table>\n			<div class=\"rdm_ft_scroll_buttons_container rdm_ft_table_bottom\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n		</div>\n	\n<p>Source: Bloomberg, March 18, 2016</p>\n<p>Notes</p>\n<p>Price: Closing price per share</p>\n<p>P/B: Price to Book Value Ratio</p>\n<p>P/E: Price to Earnings Ratio</p>\n<p>Earnings Yield: Earnings divided by Price, expressed as a percentage</p>\n<p>Dividend Yield: Expected-Annual-Dividend divided by Price, expressed as a percentage</p>\n<p>As always, do your due diligence before buying any stock, including those featured here. Make sure its situation hasn’t changed in some important way, read the latest press releases and regulatory filings and take special care with stocks that trade infrequently. Remember, stocks can be risky. So, be careful out there. (Norm may own shares of some, or all, of the stocks mentioned here.)</p>\n<h3>Required Reading</h3>\n<p><a href=\"https://assetbuilder.com/knowledge-center/articles/how-to-beat-the-sp-500-index\" >How To Beat The S&amp;P 500 Index</a></p>\n<p>Andrew Hallam reports on the Dogs of the Dow&#8217;s long winning streak.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Why your returns are a lie','<p>The Canadian stock market yields average annual returns of 10.4% but investors aren\'t seeing the full prize</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1495-revision-v1','','','2016-03-24 09:51:32','2016-03-24 13:51:32','',1495,'http://feedwordpress.radgeek.com/?rev=02ce62a5265a8354c8a4df981e25b9a9',0,'revision','',0),(1498,1,'2016-03-24 07:16:29','2016-03-24 11:16:29','<p><span style=\"font-weight: 400;\"><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a>In the weeks and days leading up to Budget 2016, tax experts anticipated some big announcements regarding the Canadian real estate market. Why not? The Liberals campaigned on a promise to loosen the requirements of the Home Buyers’ Plan (HBP) and, more recently, vowed to do something about housing affordability. </span></p>\n<p>Reading between the lines, you can’t blame a would-be homebuyer for hoping for a bit of help. Sadly, it didn’t come in the Liberal’s first budget. At least, not yet.</p>\n<p>And those two little words say it all. That’s because Budget 2016 is packed full of promises and nebulous possibilities when it comes to housing.</p>\n<h3><b>Half a million spent on foreign buyer data</b></h3>\n<p><span style=\"font-weight: 400;\">Perhaps the most blatant measure introduced in Budget 2016 to directly reference Canada’s housing market is the government’s pledge of $500,000 to Statistics Canada to “develop methods for gathering data on purchases of Canadian housing by foreign homebuyers.” </span></p>\n<p>Those in the nation’s real estate market may have been hoping for more a bit more, but this announcement is an important and necessary first step. Unlike Australia, the U.S. and Britain (to name but a few), Canada does not, yet, properly track data that affects housing affordability. While statistics on housing starts, sales and listings are collected, there is still a vast information gap in this area of our economy.</p>\n<p>By pledging half a million in funds towards the start of more robust data collection, the newly elected Liberal government is doing two things. First, they are staking their mark on a largely regional problem. Foreign home buyers impact very few markets in Canada, so this data collection will only really impact hot markets like Toronto and Vancouver, as well as vacation property areas, such as Cape Breton and Muskoka—all places known for attracting foreign buyers. Second, it’s sending a signal to provincial and municipal governments that they’re willing to work together. Municipalities and provinces are responsible for collecting local real estate data, but the feds are responsible for census information, including residency information. This commitment to track foreign homebuyers is a step towards three layers of government working together to not only collect data, but create policy to help Canadians find housing that’s affordable in their own backyard.</p>\n<p>But the Liberal housing promises don’t stop there in Budget 2016.</p>\n<p><strong>Read:</strong> <a href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the federal budget affects you</a></p>\n<h3><b>More rental units will help</b></h3>\n<p><span style=\"font-weight: 400;\">As the Budget aptly points out “Not all Canadians can afford to—or wish to own their own home.” But finding suitable accommodation is a priority for this government, so to create more affordable places to live, this Budget 2016 will invest $208.3 million over five years, in an Affordable Rental Housing Innovation Fund. This new fund will be administered by the Canada Mortgage and Housing Corporation (CMHC). </span></p>\n<p>Apparently, the money earmarked for these projects will prompt the construction of up to 4,000 new affordable housing rental units over the next half a decade. Perfect, right? More affordable rental housing will ease the pressure on market rents in cities where vacancy rates are very low (and housing prices are quite high). But here’s the kicker: this is seed money not just to build more rentals, it’s seed money to build and test out more innovative housing models. Developers who want to construct mixed use buildings—with a portion allocated to rental and a portion allocated to home ownership—will be given priority.</p>\n<p><span style=\"font-weight: 400;\">Even better is that this new initiative will eventually provide low-cost loans to municipalities and housing developers for the construction of new, purpose-built rental housing. Up to $500 million in loans will be made available </span><i><span style=\"font-weight: 400;\">each</span></i><span style=\"font-weight: 400;\"> year, for the next five years. This capital will be made available to developers in the earliest, most risky phases of development. Why is this important? Because this incentivizes builders to stop concentrating on condos and start constructing mixed-use buildings. As such, the Liberals anticipate the construction of more than 10,000 new rental units in the next five years.</span></p>\n<p>This is welcome news for anyone trying to establish themselves in one of Canada’s largest cities. Not only will new rental units help ease the rising cost of rent in cities like Vancouver and Toronto, but the possibility of mixed-use neighbourhoods—such as the highly successful St. Lawrence area in downtown Toronto—may mean the creation of “<a href=\"https://www.google.com/url?q=http://www.moneysense.ca/spend/real-estate/city-or-suburbs-where-can-you-afford-to-live/&amp;sa=U&amp;ved=0ahUKEwjgpeOBltnLAhVmr4MKHd5OC5YQFggFMAA&amp;client=internal-uds-cse&amp;usg=AFQjCNG-jYkvBoDOoqcnkQij9P3ZeWLLmg\" >complete communities</a>.” Communities that allow residents to live, work and shop in their neighbourhoods. Done right, this not only creates stronger communities, but helps strengthen local economies, which translates into a stronger national economy.</p>\n<h3><b>Residential renovators get a boost, too</b></h3>\n<p><span style=\"font-weight: 400;\">The spending doesn’t stop there. Budget 2016 will also provide $208.3 million over the next two years to support the construction, repair and adaption of affordable housing for seniors. The funding will come from the Investment in Affordable Housing initiative and will not require provinces or territories to cost-match these investments. </span></p>\n<p>Here’s the thing: while this funding initiative is nestled under social housing, it’s still unclear as to whether or not it will be provided to the institutions tasked to develop this housing or directly to individual seniors.</p>\n<p>At present, the Budget states: this spending is intended to help seniors find affordable and suitable housing or “allow them to easily stay in their homes as long as possible.” It’s this last bit that is wide open to interpretation. Does this mean that seniors can expect another version of the Home Accessibility Tax Credit, a tax credit introduced by the former Conservative government that allowed eligible seniors to renovate their homes, for medical reasons? (The original HACT allowed for a 15% rebate on medical-based renos, up to a maximum $1,500 credit.)</p>\n<p>If so, this would certainly allow seniors to stay in their homes longer. As an added benefit, this initiative helps support the home renovation industry in Canada—as any rebate or tax credit on renovations often translates into Canadians pulling the trigger on those remodels. This keeps small businesses working, which keeps people employed and keeps the economy moving.</p>\n<h3><b>Can’t ignore social housing and other aid</b></h3>\n<p><span style=\"font-weight: 400;\">To this end, we can’t ignore the widespread initiatives within the Budget to improve accessibility and standards of social housing, particularly for seniors and First Nations communities. </span></p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There’s the $573.9 million to be spent over two years to help retrofits and renovate social housing (and address the required repairs while improving efficiency and reduce energy and water use in these buildings). </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There’s $30 million, spent over two years, to maintain rent-geared-to-income for those relying on social housing. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Another $111.8 million for homeless initiatives across Canada. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Quebec homeowners impacted by pyrrhotite will get additional help from the feds, who will provide up to $30 million over three years to help with serious and costly structural repairs as a result of the presence of this mineral in their foundations. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Over the next two years, the feds will spend $554.3 million to address First Nations peoples’ housing needs on reserves. An additional $177.7 million will be spent on affordable housing in the North and Inuit communities. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$50 million will be spent on various projects to support military personnel and their families, including the construction of military housing across Canada.</span></li>\n</ul>\n<h3><b>Making money in real estate? You’re now under a microscope</b></h3>\n<p><span style=\"font-weight: 400;\">The newly elected Liberals showed concern about tax loopholes and tax evasion in this Budget—and this will have extreme implications for those involved in the real estate business. </span></p>\n<p>To crack down on tax evasion and tax avoidance, the feds are investing $444.4 million over five years to enable the Canada Revenue Agency to crack down on tax evasion and tax avoidance. Their expected return for this investment: $2.6 billion in previously lost revenue. The Liberals also pledged $351.6 million over the next five years to improve the CRA’s ability to collect tax owed. The feds anticipate another $7.4 billion in tax debt collected over the next five years.</p>\n<p>Real estate investors need to take note. Over the last few years, the CRA has tried to close loopholes when dealing with real estate profit and whether or not it’s classified as a capital gain or business income. This injection of money will certainly help this endeavour.</p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #000080;\">Read an <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/save/taxes/capital-gains-explained/\" >explainer on capital gains tax</a>.</span><br />\n<span style=\"color: #000080;\">Read more on <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/columns/can-you-avoid-capital-gains-tax/\" >calculating capital gains tax</a> on real estate sales. </span><br />\n<span style=\"color: #000080;\">Read more on <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/save/taxes/reduce-the-risk-of-a-cra-audit/\" >reducing your risk of a CRA audit</a>. </span></p>\n<p>For anyone that invests in real estate—from condo assignment sales, to home flippers, to those with complex transactions involving foreign buyers—now is the time to <a href=\"http://www.moneysense.ca/columns/home-owner/tax-profit-as-income-or-capital-gains/\" >start talking to a tax specialist</a>.</p>\n<p><a style=\"display: block; font-family: sans-serif; text-align: center; background: #28baf2; text-decoration: none; color: #fff; font-weight: bold; padding: 1em; border-radius: 6px;\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\" >Ask Home Owner columnist Romana King your real estate question »</a></p>\n<h3><b>Gone is the real estate donation credit </b><span style=\"font-weight: 400;\"> </span></h3>\n<p><span style=\"font-weight: 400;\">Last year’s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</span></p>\n<h3><b>Expect tougher mortgage rules and the disappearance of rock-bottom rates</b></h3>\n<p><span style=\"font-weight: 400;\">Finally, there were some promises in the Budget that will impact big banks and lenders and, by way of trickle down, this will also impact homeowner and home buyers. </span></p>\n<p>Budget 2016 introduced a “Bail-in” regime; this would reinforce that bank shareholders and creditors are responsible for the bank’s risks, not taxpayers. While it goes on to explain how banks will do this, the bottom line is that banks have now been passed the baton, when it comes to mortgage debt. Before they could opt to take out CMHC (or Genworth) mortgage loan insurance—even on properties where buyers put more than 20% down at the time of purchase. This shifted the risk from the bank to the taxpayer. If a house forecloses, the bank is paid what is owed through the sale of the home, but any shortfall is covered by the mortgage loan insurance. If, however, there were a rise in foreclosures and a rise in payouts, taxpayers could be theoretically on the line to cover the shortfall, should the insurance premiums collected not cover what is owed.</p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #000080;\">Read more on the <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/columns/consequences-for-mortgage-default/\" >consequences of mortgage default</a>. </span></p>\n<p>This “Bail-in” regime is “in line with international efforts to address the potential risks to the financial system and broader economy of institutions perceived as ‘too-big-to-fail’,” states the Budget.</p>\n<p>What does it mean for main street home buyers? It means that with increased regulation and responsibility, banks will have increased costs and risks and <a href=\"http://www.moneysense.ca/spend/real-estate/buying/mortgage-rates-are-rising/\" >they’ll pass this cost onto you</a>, the consumer. So, even though mortgage rates remain historically low, gone are the days of rock-bottom rates. (For more on this read how the recently introduced <a href=\"http://www.moneysense.ca/spend/real-estate/buying/prepare-for-a-10-minimum-down-payment/\" >10% down payment rule</a> impacted the market.)</p>\n<p>Home buyers will probably also see stricter rules when it comes to mortgage applications, as banks try to contend with this shift in who is responsible for a potentially failed loan. That will translate into tougher standards and could mean that buyers who are on fringes—those without good credit scores and credit utilization, those without full-time employment income, or those with higher <a href=\"http://www.moneysense.ca/spend/real-estate/mortgages/mortgage-debt-ratios/\" >debt ratios</a>—may find it hard to qualify for a mortgage, never mind getting the best rates.</p>\n<h3><b>What was missing in this budget?</b></h3>\n<p><span style=\"font-weight: 400;\">Of course, the initial election promise to open up the Home Buyers’ Plan to more than just first-time homebuyers, and allow Canadians dealing with life events, such as work relocation, divorce or the death of a spouse access to the HBP, did not happen. </span></p>\n<p>Nor did an increase in the capital gains inclusion rate, which was speculated to jump from 50% to 66.67% or even as high as 75%.</p>\n<p><span style=\"font-weight: 400;\">While home buyers may have wanted changes to HBP, investors and cottage-owners were on the edge of their seats, waiting to hear if a capital gain announcement would increase their overall tax hit. In the end, neither came. </span></p>\n<p><span style=\"font-weight: 400;\">While Budget 2016 didn’t end up helping first-time home buyers, it did hold a few initiatives that will impact the housing market in Canada. Whether it’s residential renovators who may get a bit of a boost this year, through a senior’s home tax credit, or commercial developers who can stay busy by shifting their focus to purpose-built rental and mixed-use developments, to real estate investors who will need to monitor their profit and how it’s taxed, to home buyers who will need to contend with stricter banking regulation that could impact mortgage lending. There was still enough in this budget to remind us: The Liberals are closely watching this nation’s housing market, and, we should expect more to come. </span></p>\n<p><a style=\"display: block; font-family: sans-serif; text-align: center; background: #425f9c; text-decoration: none; color: #fff; font-weight: bold; padding: 1em; border-radius: 6px;\" href=\"https://www.facebook.com/RKHomeOwner\" >Read more from Romana King at Home Owner on Facebook »</a></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\">How Budget 2016 affects real estate</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How Budget 2016 affects real estate','<p>Goodbye to rock-bottom mortgage rates and easy money</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\">How Budget 2016 affects real estate</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1458-revision-v1','','','2016-03-24 07:16:29','2016-03-24 11:16:29','',1458,'http://feedwordpress.radgeek.com/?rev=a23a7cfdec4c493dc373fc6d1ccf1d5f',0,'revision','',0),(1499,1,'2016-03-24 07:16:29','2016-03-24 11:16:29','<p><span style=\"font-weight: 400;\"><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a>In the weeks and days leading up to Budget 2016, tax experts anticipated some big announcements regarding the Canadian real estate market. Why not? The Liberals campaigned on a promise to loosen the requirements of the Home Buyers’ Plan (HBP) and, more recently, vowed to do something about housing affordability. </span></p>\n<p>Reading between the lines, you can’t blame a would-be homebuyer for hoping for a bit of help. Sadly, it didn’t come in the Liberal’s first budget. At least, not yet.</p>\n<p>And those two little words say it all. That’s because Budget 2016 is packed full of promises and nebulous possibilities when it comes to housing.</p>\n<h3><b>Half a million spent on foreign buyer data</b></h3>\n<p><span style=\"font-weight: 400;\">Perhaps the most blatant measure introduced in Budget 2016 to directly reference Canada’s housing market is the government’s pledge of $500,000 to Statistics Canada to “develop methods for gathering data on purchases of Canadian housing by foreign homebuyers.” </span></p>\n<p>Those in the nation’s real estate market may have been hoping for more a bit more, but this announcement is an important and necessary first step. Unlike Australia, the U.S. and Britain (to name but a few), Canada does not, yet, properly track data that affects housing affordability. While statistics on housing starts, sales and listings are collected, there is still a vast information gap in this area of our economy.</p>\n<p>By pledging half a million in funds towards the start of more robust data collection, the newly elected Liberal government is doing two things. First, they are staking their mark on a largely regional problem. Foreign home buyers impact very few markets in Canada, so this data collection will only really impact hot markets like Toronto and Vancouver, as well as vacation property areas, such as Cape Breton and Muskoka—all places known for attracting foreign buyers. Second, it’s sending a signal to provincial and municipal governments that they’re willing to work together. Municipalities and provinces are responsible for collecting local real estate data, but the feds are responsible for census information, including residency information. This commitment to track foreign homebuyers is a step towards three layers of government working together to not only collect data, but create policy to help Canadians find housing that’s affordable in their own backyard.</p>\n<p>But the Liberal housing promises don’t stop there in Budget 2016.</p>\n<p><strong>Read:</strong> <a href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the federal budget affects you</a></p>\n<h3><b>More rental units will help</b></h3>\n<p><span style=\"font-weight: 400;\">As the Budget aptly points out “Not all Canadians can afford to—or wish to own their own home.” But finding suitable accommodation is a priority for this government, so to create more affordable places to live, this Budget 2016 will invest $208.3 million over five years, in an Affordable Rental Housing Innovation Fund. This new fund will be administered by the Canada Mortgage and Housing Corporation (CMHC). </span></p>\n<p>Apparently, the money earmarked for these projects will prompt the construction of up to 4,000 new affordable housing rental units over the next half a decade. Perfect, right? More affordable rental housing will ease the pressure on market rents in cities where vacancy rates are very low (and housing prices are quite high). But here’s the kicker: this is seed money not just to build more rentals, it’s seed money to build and test out more innovative housing models. Developers who want to construct mixed use buildings—with a portion allocated to rental and a portion allocated to home ownership—will be given priority.</p>\n<p><span style=\"font-weight: 400;\">Even better is that this new initiative will eventually provide low-cost loans to municipalities and housing developers for the construction of new, purpose-built rental housing. Up to $500 million in loans will be made available </span><i><span style=\"font-weight: 400;\">each</span></i><span style=\"font-weight: 400;\"> year, for the next five years. This capital will be made available to developers in the earliest, most risky phases of development. Why is this important? Because this incentivizes builders to stop concentrating on condos and start constructing mixed-use buildings. As such, the Liberals anticipate the construction of more than 10,000 new rental units in the next five years.</span></p>\n<p>This is welcome news for anyone trying to establish themselves in one of Canada’s largest cities. Not only will new rental units help ease the rising cost of rent in cities like Vancouver and Toronto, but the possibility of mixed-use neighbourhoods—such as the highly successful St. Lawrence area in downtown Toronto—may mean the creation of “<a href=\"https://www.google.com/url?q=http://www.moneysense.ca/spend/real-estate/city-or-suburbs-where-can-you-afford-to-live/&amp;sa=U&amp;ved=0ahUKEwjgpeOBltnLAhVmr4MKHd5OC5YQFggFMAA&amp;client=internal-uds-cse&amp;usg=AFQjCNG-jYkvBoDOoqcnkQij9P3ZeWLLmg\" >complete communities</a>.” Communities that allow residents to live, work and shop in their neighbourhoods. Done right, this not only creates stronger communities, but helps strengthen local economies, which translates into a stronger national economy.</p>\n<h3><b>Residential renovators get a boost, too</b></h3>\n<p><span style=\"font-weight: 400;\">The spending doesn’t stop there. Budget 2016 will also provide $208.3 million over the next two years to support the construction, repair and adaption of affordable housing for seniors. The funding will come from the Investment in Affordable Housing initiative and will not require provinces or territories to cost-match these investments. </span></p>\n<p>Here’s the thing: while this funding initiative is nestled under social housing, it’s still unclear as to whether or not it will be provided to the institutions tasked to develop this housing or directly to individual seniors.</p>\n<p>At present, the Budget states: this spending is intended to help seniors find affordable and suitable housing or “allow them to easily stay in their homes as long as possible.” It’s this last bit that is wide open to interpretation. Does this mean that seniors can expect another version of the Home Accessibility Tax Credit, a tax credit introduced by the former Conservative government that allowed eligible seniors to renovate their homes, for medical reasons? (The original HACT allowed for a 15% rebate on medical-based renos, up to a maximum $1,500 credit.)</p>\n<p>If so, this would certainly allow seniors to stay in their homes longer. As an added benefit, this initiative helps support the home renovation industry in Canada—as any rebate or tax credit on renovations often translates into Canadians pulling the trigger on those remodels. This keeps small businesses working, which keeps people employed and keeps the economy moving.</p>\n<h3><b>Can’t ignore social housing and other aid</b></h3>\n<p><span style=\"font-weight: 400;\">To this end, we can’t ignore the widespread initiatives within the Budget to improve accessibility and standards of social housing, particularly for seniors and First Nations communities. </span></p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There’s the $573.9 million to be spent over two years to help retrofits and renovate social housing (and address the required repairs while improving efficiency and reduce energy and water use in these buildings). </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There’s $30 million, spent over two years, to maintain rent-geared-to-income for those relying on social housing. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Another $111.8 million for homeless initiatives across Canada. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Quebec homeowners impacted by pyrrhotite will get additional help from the feds, who will provide up to $30 million over three years to help with serious and costly structural repairs as a result of the presence of this mineral in their foundations. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Over the next two years, the feds will spend $554.3 million to address First Nations peoples’ housing needs on reserves. An additional $177.7 million will be spent on affordable housing in the North and Inuit communities. </span></li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">$50 million will be spent on various projects to support military personnel and their families, including the construction of military housing across Canada.</span></li>\n</ul>\n<h3><b>Making money in real estate? You’re now under a microscope</b></h3>\n<p><span style=\"font-weight: 400;\">The newly elected Liberals showed concern about tax loopholes and tax evasion in this Budget—and this will have extreme implications for those involved in the real estate business. </span></p>\n<p>To crack down on tax evasion and tax avoidance, the feds are investing $444.4 million over five years to enable the Canada Revenue Agency to crack down on tax evasion and tax avoidance. Their expected return for this investment: $2.6 billion in previously lost revenue. The Liberals also pledged $351.6 million over the next five years to improve the CRA’s ability to collect tax owed. The feds anticipate another $7.4 billion in tax debt collected over the next five years.</p>\n<p>Real estate investors need to take note. Over the last few years, the CRA has tried to close loopholes when dealing with real estate profit and whether or not it’s classified as a capital gain or business income. This injection of money will certainly help this endeavour.</p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #000080;\">Read an <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/save/taxes/capital-gains-explained/\" >explainer on capital gains tax</a>.</span><br />\n<span style=\"color: #000080;\">Read more on <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/columns/can-you-avoid-capital-gains-tax/\" >calculating capital gains tax</a> on real estate sales. </span><br />\n<span style=\"color: #000080;\">Read more on <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/save/taxes/reduce-the-risk-of-a-cra-audit/\" >reducing your risk of a CRA audit</a>. </span></p>\n<p>For anyone that invests in real estate—from condo assignment sales, to home flippers, to those with complex transactions involving foreign buyers—now is the time to <a href=\"http://www.moneysense.ca/columns/home-owner/tax-profit-as-income-or-capital-gains/\" >start talking to a tax specialist</a>.</p>\n<p><a style=\"display: block; font-family: sans-serif; text-align: center; background: #28baf2; text-decoration: none; color: #fff; font-weight: bold; padding: 1em; border-radius: 6px;\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\" >Ask Home Owner columnist Romana King your real estate question »</a></p>\n<h3><b>Gone is the real estate donation credit </b><span style=\"font-weight: 400;\"> </span></h3>\n<p><span style=\"font-weight: 400;\">Last year’s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</span></p>\n<h3><b>Expect tougher mortgage rules and the disappearance of rock-bottom rates</b></h3>\n<p><span style=\"font-weight: 400;\">Finally, there were some promises in the Budget that will impact big banks and lenders and, by way of trickle down, this will also impact homeowner and home buyers. </span></p>\n<p>Budget 2016 introduced a “Bail-in” regime; this would reinforce that bank shareholders and creditors are responsible for the bank’s risks, not taxpayers. While it goes on to explain how banks will do this, the bottom line is that banks have now been passed the baton, when it comes to mortgage debt. Before they could opt to take out CMHC (or Genworth) mortgage loan insurance—even on properties where buyers put more than 20% down at the time of purchase. This shifted the risk from the bank to the taxpayer. If a house forecloses, the bank is paid what is owed through the sale of the home, but any shortfall is covered by the mortgage loan insurance. If, however, there were a rise in foreclosures and a rise in payouts, taxpayers could be theoretically on the line to cover the shortfall, should the insurance premiums collected not cover what is owed.</p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #000080;\">Read more on the <a style=\"color: #000080;\" href=\"http://www.moneysense.ca/columns/consequences-for-mortgage-default/\" >consequences of mortgage default</a>. </span></p>\n<p>This “Bail-in” regime is “in line with international efforts to address the potential risks to the financial system and broader economy of institutions perceived as ‘too-big-to-fail’,” states the Budget.</p>\n<p>What does it mean for main street home buyers? It means that with increased regulation and responsibility, banks will have increased costs and risks and <a href=\"http://www.moneysense.ca/spend/real-estate/buying/mortgage-rates-are-rising/\" >they’ll pass this cost onto you</a>, the consumer. So, even though mortgage rates remain historically low, gone are the days of rock-bottom rates. (For more on this read how the recently introduced <a href=\"http://www.moneysense.ca/spend/real-estate/buying/prepare-for-a-10-minimum-down-payment/\" >10% down payment rule</a> impacted the market.)</p>\n<p>Home buyers will probably also see stricter rules when it comes to mortgage applications, as banks try to contend with this shift in who is responsible for a potentially failed loan. That will translate into tougher standards and could mean that buyers who are on fringes—those without good credit scores and credit utilization, those without full-time employment income, or those with higher <a href=\"http://www.moneysense.ca/spend/real-estate/mortgages/mortgage-debt-ratios/\" >debt ratios</a>—may find it hard to qualify for a mortgage, never mind getting the best rates.</p>\n<h3><b>What was missing in this budget?</b></h3>\n<p><span style=\"font-weight: 400;\">Of course, the initial election promise to open up the Home Buyers’ Plan to more than just first-time homebuyers, and allow Canadians dealing with life events, such as work relocation, divorce or the death of a spouse access to the HBP, did not happen. </span></p>\n<p>Nor did an increase in the capital gains inclusion rate, which was speculated to jump from 50% to 66.67% or even as high as 75%.</p>\n<p><span style=\"font-weight: 400;\">While home buyers may have wanted changes to HBP, investors and cottage-owners were on the edge of their seats, waiting to hear if a capital gain announcement would increase their overall tax hit. In the end, neither came. </span></p>\n<p><span style=\"font-weight: 400;\">While Budget 2016 didn’t end up helping first-time home buyers, it did hold a few initiatives that will impact the housing market in Canada. Whether it’s residential renovators who may get a bit of a boost this year, through a senior’s home tax credit, or commercial developers who can stay busy by shifting their focus to purpose-built rental and mixed-use developments, to real estate investors who will need to monitor their profit and how it’s taxed, to home buyers who will need to contend with stricter banking regulation that could impact mortgage lending. There was still enough in this budget to remind us: The Liberals are closely watching this nation’s housing market, and, we should expect more to come. </span></p>\n<p><a style=\"display: block; font-family: sans-serif; text-align: center; background: #425f9c; text-decoration: none; color: #fff; font-weight: bold; padding: 1em; border-radius: 6px;\" href=\"https://www.facebook.com/RKHomeOwner\" >Read more from Romana King at Home Owner on Facebook »</a></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\">How Budget 2016 affects real estate</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How Budget 2016 affects real estate','<p>Goodbye to rock-bottom mortgage rates and easy money</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/spend/real-estate/investors-watch-out-how-budget-2016-impacts-real-estate/\">How Budget 2016 affects real estate</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1458-revision-v1','','','2016-03-24 07:16:29','2016-03-24 11:16:29','',1458,'http://feedwordpress.radgeek.com/?rev=a23a7cfdec4c493dc373fc6d1ccf1d5f',0,'revision','',0),(1500,1,'2016-01-10 16:33:08','2016-01-10 16:33:08','In this video we check out Lesus\' all-new 2.0 liter turbo engine!\n\nMore videos: http://goo.gl/Kj1FlI\nBest cars in 2016: http://goo.gl/3xAVJi\nUpcoming reviews: http://goo.gl/pLtP6U\nAOA on Facebook: http://goo.gl/a47Cu1\n\nThe Mountain Garden: http://goo.gl/icFWcd','2016 Lexus IS 200t Quick Review &amp; Road Test - In 4K UHD!','','publish','open','open','','2016-lexus-is-200t-quick-review-road-test-in-4k-uhd','','','2016-01-10 16:33:08','2016-01-10 16:33:08','',0,'http://www.l2ocredit.com/2016/01/10/2016-lexus-is-200t-quick-review-road-test-in-4k-uhd/',0,'post','',0),(1501,0,'2016-03-24 11:06:00','2016-03-24 15:06:00','','2016 Lexus IS 200t Quick Review &amp; Road Test &#8211; In 4K UHD!','','inherit','open','closed','','2016-lexus-is-200t-quick-review-road-test-in-4k-uhd-2','','','2016-03-24 11:06:00','2016-03-24 15:06:00','',1500,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-lexus-is-200t-quick-review-road-test-in-4k-uhd-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1502,0,'2016-03-24 11:06:00','2016-03-24 15:06:00','','2016 Lexus IS 200t Quick Review &amp; Road Test &#8211; In 4K UHD!','','inherit','open','closed','','2016-lexus-is-200t-quick-review-road-test-in-4k-uhd-2','','','2016-03-24 11:06:00','2016-03-24 15:06:00','',1500,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-lexus-is-200t-quick-review-road-test-in-4k-uhd-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1503,0,'2016-03-24 11:06:01','2016-03-24 15:06:01','','2016 Lexus IS 200t Quick Review &amp; Road Test &#8211; In 4K UHD!','','inherit','open','closed','','2016-lexus-is-200t-quick-review-road-test-in-4k-uhd-3','','','2016-03-24 11:06:01','2016-03-24 15:06:01','',1500,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-lexus-is-200t-quick-review-road-test-in-4k-uhd-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1504,0,'2016-03-24 11:06:01','2016-03-24 15:06:01','','2016 Lexus IS 200t Quick Review &amp; Road Test &#8211; In 4K UHD!','','inherit','open','closed','','2016-lexus-is-200t-quick-review-road-test-in-4k-uhd-4','','','2016-03-24 11:06:01','2016-03-24 15:06:01','',1500,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-lexus-is-200t-quick-review-road-test-in-4k-uhd-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1505,1,'2015-11-16 19:24:31','2015-11-16 19:24:31','We take the 2016 Subaru XV Crosstrek off road to find out what sets it apart from other CUV\'s. Full article: http://driving.ca/subaru/xv-crosstrek/reviews/road-test/first-drive-2016-subaru-crosstrek\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','First Drive | 2016 Subaru XV Crosstrek | Driving.ca','','publish','open','open','','first-drive-2016-subaru-xv-crosstrek-driving-ca','','','2015-11-16 19:24:31','2015-11-16 19:24:31','',0,'http://www.l2ocredit.com/2015/11/16/first-drive-2016-subaru-xv-crosstrek-driving-ca/',0,'post','',0),(1506,0,'2016-03-24 11:22:19','2016-03-24 15:22:19','','First Drive | 2016 Subaru XV Crosstrek | Driving.ca','','inherit','open','closed','','first-drive-2016-subaru-xv-crosstrek-driving-ca-2','','','2016-03-24 11:22:19','2016-03-24 15:22:19','',1505,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-2016-subaru-xv-crosstrek-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1507,0,'2016-03-24 11:22:19','2016-03-24 15:22:19','','First Drive | 2016 Subaru XV Crosstrek | Driving.ca','','inherit','open','closed','','first-drive-2016-subaru-xv-crosstrek-driving-ca-2','','','2016-03-24 11:22:19','2016-03-24 15:22:19','',1505,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-2016-subaru-xv-crosstrek-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1508,0,'2016-03-24 11:22:19','2016-03-24 15:22:19','','First Drive | 2016 Subaru XV Crosstrek | Driving.ca','','inherit','open','closed','','first-drive-2016-subaru-xv-crosstrek-driving-ca-3','','','2016-03-24 11:22:19','2016-03-24 15:22:19','',1505,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-2016-subaru-xv-crosstrek-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1509,0,'2016-03-24 11:22:19','2016-03-24 15:22:19','','First Drive | 2016 Subaru XV Crosstrek | Driving.ca','','inherit','open','closed','','first-drive-2016-subaru-xv-crosstrek-driving-ca-4','','','2016-03-24 11:22:19','2016-03-24 15:22:19','',1505,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-2016-subaru-xv-crosstrek-driving-ca-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1510,0,'2016-03-24 11:22:19','2016-03-24 15:22:19','','First Drive | 2016 Subaru XV Crosstrek | Driving.ca','','inherit','open','closed','','first-drive-2016-subaru-xv-crosstrek-driving-ca-5','','','2016-03-24 11:22:19','2016-03-24 15:22:19','',1505,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-2016-subaru-xv-crosstrek-driving-ca-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1511,1,'2015-08-11 14:45:41','2015-08-11 14:45:41','A family sedan with familiar looks packs a hybrid system quite different from the norm.','2015 Honda Accord Hybrid','','publish','open','open','','2015-honda-accord-hybrid','','','2015-08-11 14:45:41','2015-08-11 14:45:41','',0,'http://www.l2ocredit.com/2015/08/11/2015-honda-accord-hybrid/',0,'post','',0),(1512,0,'2016-03-24 11:40:39','2016-03-24 15:40:39','','2015 Honda Accord Hybrid','','inherit','open','closed','','2015-honda-accord-hybrid-2','','','2016-03-24 11:40:39','2016-03-24 15:40:39','',1511,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-honda-accord-hybrid-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1513,0,'2016-03-24 11:40:39','2016-03-24 15:40:39','','2015 Honda Accord Hybrid','','inherit','open','closed','','2015-honda-accord-hybrid-2','','','2016-03-24 11:40:39','2016-03-24 15:40:39','',1511,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-honda-accord-hybrid-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1514,0,'2016-03-24 11:40:39','2016-03-24 15:40:39','','2015 Honda Accord Hybrid','','inherit','open','closed','','2015-honda-accord-hybrid-3','','','2016-03-24 11:40:39','2016-03-24 15:40:39','',1511,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-honda-accord-hybrid-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1515,1,'2016-03-24 09:51:32','2016-03-24 13:51:32','<p>You might have heard that it&#8217;s easy to earn 10% per year in the stock market. But, for most investors, those returns are a mirage because a bevy of factors act against them. One of them is simple mathematics.</p>\n<p>Let&#8217;s start with the good news. The Canadian stock market (as represented by the S&amp;P/TSX Composite index) provided average annual returns of 10.4% from 1970 through 2015.</p>\n<p>That&#8217;s the market&#8217;s arithmetic average annual return. It&#8217;s calculated by summing up all of the annual returns generated by the index over the years and then dividing by the number of years in question.</p>\n<p><strong>Read:</strong> <a href=\"http://www.moneysense.ca/save/investing/mutual-funds/best-mutual-funds-2016/\" >Best mutual funds for 2016</a></p>\n<p>Problem is, investors don&#8217;t get these returns. They get compound (or geometric average) returns instead.</p>\n<p>An investor who put $1,000 into the market at the start of 1970 would have found themselves with about $53,000 by the end of 2015. (Provided one ignores extra frictions like commissions, fees, and taxes.) Their portfolio grew by a compound average of about 9.0% annually, which is a good deal lower than the arithmetic average of 10.4% annually.</p>\n<p>To see how the difference arises, let&#8217;s walk through a simplified example. Suppose you invest $1,000 in a stock that goes up 60% in the first year and then falls 50% in the second.</p>\n<p>The simple, or arithmetic, average annual return would be (60% plus -50%) divided by 2. That&#8217;s an average annual gain of 5%.</p>\n<p><strong>Read:</strong> <a href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\" >3 ways the federal budget affects investors</a></p>\n<p>Now follow the money. The investor starts with $1,000, which grows to $1,600 (a 60% gain) after the first year. It then falls to $800 (a 50% loss from $1,600) by the end of the second year. Overall, the investment lost 20% over 2 years, which is equivalent to an annualized loss of about 10.6%.</p>\n<p>In this hypothetical case, the arithmetic annual return is 5% whereas the investor actually lost 10.6% annually (the geometric average).</p>\n<p>A similar thing happened for the Canadian stock index which boasts of arithmetic average returns of 10.4% per year from 1970 through 2015 but investors only compounded their money at an average rate of 9.0% annually in practice.</p>\n<p><strong>Tool:</strong> <a href=\"http://www.moneysenseapproved.com/findanadvisor/\" >Find an advisor who&#8217;s right for you</a></p>\n<p>That tricky bit of math is just the start of the problem for investors. For instance, if you adjust for the declining purchasing power of the Canadian dollar over the period (otherwise known as inflation) then the real annual return Canadians got plunges from near 9.0% to just about 4.8%. That&#8217;s less than half the 10% advertised rate.</p>\n<p>Alas, nasty things like fees, commissions, and taxes also take a big bite out of returns. But I&#8217;ll have to take a trip to the doctor for some anti-depressants before adding those to the mix.</p>\n<p>Let&#8217;s just say that investors are likely to achieve inflation-adjusted returns that are a good deal less than 5% in the future. As a result, they should think about saving a little more and spending a little less than they might have expected.</p>\n<h3>Safer Canadian Dogs</h3>\n<p>Investors following the Dogs of the Dow strategy want to buy the 10 highest yielding stocks in the Dow Jones Industrial Average (DJIA), hold them for a year, and then move into the new list of top yielders.</p>\n<p>The Dogs of the TSX works the same way but swaps the DJIA for the S&amp;P/TSX 60, which contains 60 of the largest stocks in Canada.</p>\n<p>My safer variant of the Dogs of the TSX tracks the 10 stocks in the index with the highest dividend yields provided they also pass a series of safety tests, such as having positive earnings. The idea is to weed out companies that might cut their dividends in the near term. Just be warned, it’s a task that’s easier said than done.</p>\n<p>Here’s the updated Safer Dogs of the TSX, representing the top yielders as of March 18. The list is a good starting point for those who want to put some money to work this week. Just keep in mind, the idea is to hold the stocks for at least a year after purchase – barring some calamity.</p>\n		<div>\n					</div>\n\n				<div class=\"rdm_ft_scroll_buttons_container\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n			<br clear=\"both\" />\n	\n		<div class=\"rdm_ft_table_container\">\n			<table class=\"footable rdm-footable\" >\n				<thead>\n			        <tr>\n			        							<th  data-class=\"expand\"  class=\"footable-sortable\">Name</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Price</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/B</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">P/E</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Earnings Yield</th>\n												<th  data-class=\"expand\"  data-type=\"numeric\"  class=\"footable-sortable\">Dividend Yield</th>\n										</tr>\n				</thead>\n				<tbody>\n					\n								<tr>\n\n																	<td>National Bank (NA)</td>\n																	<td>$43.91</td>\n																	<td>1.58</td>\n																	<td>10.79</td>\n																	<td>9.27%</td>\n																	<td>4.92%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>CIBC (CM)</td>\n																	<td>$98.56</td>\n																	<td>1.88</td>\n																	<td>10.9</td>\n																	<td>9.17%</td>\n																	<td>4.79%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>BCE (BCE)</td>\n																	<td>$57.83</td>\n																	<td>3.85</td>\n																	<td>19.41</td>\n																	<td>5.15%</td>\n																	<td>4.72%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Shaw (SJR.B)</td>\n																	<td>$25.25</td>\n																	<td>2.29</td>\n																	<td>14.35</td>\n																	<td>6.97%</td>\n																	<td>4.69%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Nova Scotia (BNS)</td>\n																	<td>$63.57</td>\n																	<td>1.5</td>\n																	<td>10.98</td>\n																	<td>9.11%</td>\n																	<td>4.53%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Royal Bank (RY)</td>\n																	<td>$75.22</td>\n																	<td>1.77</td>\n																	<td>11.28</td>\n																	<td>8.87%</td>\n																	<td>4.31%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>TELUS (T)</td>\n																	<td>$41.04</td>\n																	<td>3.18</td>\n																	<td>17.92</td>\n																	<td>5.58%</td>\n																	<td>4.29%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Bank of Montreal (BMO)</td>\n																	<td>$78.61</td>\n																	<td>1.32</td>\n																	<td>11.7</td>\n																	<td>8.55%</td>\n																	<td>4.27%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Power Corp (POW)</td>\n																	<td>$30.22</td>\n																	<td>1.11</td>\n																	<td>7.57</td>\n																	<td>13.20%</td>\n																	<td>4.12%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td>Emera (EMA)</td>\n																	<td>$46.61</td>\n																	<td>1.97</td>\n																	<td>17.12</td>\n																	<td>5.84%</td>\n																	<td>4.08%</td>\n								\n								</tr>\n\n					\n								<tr>\n\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n																	<td></td>\n								\n								</tr>\n\n									</tbody>\n			</table>\n			<div class=\"rdm_ft_scroll_buttons_container rdm_ft_table_bottom\">\n				<span class=\"rdm_ft_scroll_left\"></span>\n				<span class=\"rdm_ft_scroll_right\"></span>\n			</div>\n		</div>\n	\n<p>Source: Bloomberg, March 18, 2016</p>\n<p>Notes</p>\n<p>Price: Closing price per share</p>\n<p>P/B: Price to Book Value Ratio</p>\n<p>P/E: Price to Earnings Ratio</p>\n<p>Earnings Yield: Earnings divided by Price, expressed as a percentage</p>\n<p>Dividend Yield: Expected-Annual-Dividend divided by Price, expressed as a percentage</p>\n<p>As always, do your due diligence before buying any stock, including those featured here. Make sure its situation hasn’t changed in some important way, read the latest press releases and regulatory filings and take special care with stocks that trade infrequently. Remember, stocks can be risky. So, be careful out there. (Norm may own shares of some, or all, of the stocks mentioned here.)</p>\n<h3>Required Reading</h3>\n<p><a href=\"https://assetbuilder.com/knowledge-center/articles/how-to-beat-the-sp-500-index\" >How To Beat The S&amp;P 500 Index</a></p>\n<p>Andrew Hallam reports on the Dogs of the Dow&#8217;s long winning streak.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Why your returns are a lie','<p>The Canadian stock market yields average annual returns of 10.4% but investors aren\'t seeing the full prize</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/stocks/why-your-stock-market-returns-are-a-lie/\">Why your returns are a lie</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1495-revision-v1','','','2016-03-24 09:51:32','2016-03-24 13:51:32','',1495,'http://feedwordpress.radgeek.com/?rev=25c7d65f8d26fc84f9e4e21a9e5ce127',0,'revision','',0),(1516,1,'2016-03-23 16:05:52','2016-03-23 20:05:52','<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT3M52S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4814616976001_thumbnail-for-video-4814497533001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Romana King on the key takeaway of Budget 2016\" />\n        <meta itemprop=\"description\" content=\"Romana King talks to Breakfast Television Montreal on what the federal budget means for the average Canadian.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-23T20:05:52+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4814497533001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4814497533001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','The key takeaway from the federal budget','<p>Budget 2016 was aimed at the middle class. Romana King shares why</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1341-revision-v1','','','2016-03-23 16:05:52','2016-03-23 20:05:52','',1341,'http://feedwordpress.radgeek.com/?rev=f5b1559098cf025e4be5d961435bf4ae',0,'revision','',0),(1517,1,'2016-03-23 06:15:57','2016-03-23 10:15:57','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The federal budget made some important tax changes for families.  The good news is that the much rumoured increase to the capital gains inclusions rate did not come to fruition in this budget,  and the anticipated changes to stock option benefits have been deferred for now. But if you’ve invested in corporate class mutual funds, you&#8217;ll want to do any switching between funds on a tax-free basis now until September as that special tax-free treatment will disappear.</p>\n<p>Charities will also wince at the cancellation of a provision expected to begin in 2017, introduced in the last budget. That is, the donation of sales proceeds from a qualifying private corporate or real estate dispositions will no longer qualify for a capital gains exemption if proceeds are donated to charity.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat and our experts will answer</a></p>\n<p><strong>Tool:</strong> <a href=\"http://www.budget.gc.ca/2016/tool-outil/ccb-ace-en.html\" >Finance Canada has a nifty calculator that determines your benefits</a></p>\n<p>Families will be happy with the introduction of the <strong>Canada Child Benefit (CCB)</strong>, which is a refundable credit based on family net income. Specifically, the new CCB provides a maximum benefit of $6400 per child under age of six and $5400 per child age six to 17.</p>\n<p>How much you get is based on 2015 family net income, which is determined on the tax return (2015) currently being filed.  So be sure to dig for every deduction that reduces your net income on Line 236.  Also, a tip for the future:  RRSP planning for families is extremely important as clawback zones can bring marginal tax rates well over 50% in some cases:</p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"2\">Current Clawback Rules</td>\n</tr>\n<tr>\n<td>Income</td>\n<td>MTR(tax)</td>\n<td>MTR with clawbacks</td>\n</tr>\n<tr>\n<td>$30,000</td>\n<td>20.05%</td>\n<td>20.05%</td>\n</tr>\n<tr>\n<td>$40,000</td>\n<td>20.05%</td>\n<td>40.10%</td>\n</tr>\n<tr>\n<td><strong>$50,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$60,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$70,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$80,000</strong></td>\n<td><strong>31.48%</strong></td>\n<td><strong>72.48%</strong></td>\n</tr>\n<tr>\n<td><strong>$90,000</strong></td>\n<td><strong>37.91%</strong></td>\n<td><strong>58.41%</strong></td>\n</tr>\n<tr>\n<td><strong>$100,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td><strong>$110,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td>$120,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$130,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$140,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$150,000</td>\n<td>46.41%</td>\n<td>46.41%</td>\n</tr>\n<tr>\n<td>$160,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$170,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$180,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$190,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$200,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td><strong>$210,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000+</strong></td>\n<td><strong>53.53%</strong></td>\n<td><strong>53.53%</strong></td>\n</tr>\n</tbody>\n</table>\n<p>Do refugees get the benefits?  Foreign-born individuals who are Indians and not Canadian citizens and permanent residents under the Immigration and Refugee Protection Act may legally reside in Canada and receive the CCB. A new limitation is being introduced with regard to eligibility for retroactive payments. Currently individuals may apply for CCTB and Universal Child Care Benefit (UCCB) as far back as the introduction of the programs. Income-tax based credits, however, are limited to a 10-year limitation. Retroactive application of UCCB and CTB will align after 2016, to the 10-year limitation.</p>\n<p>Unfortunately, there is no non-refundable tax credit for minor children for those who do not qualify for the income-tested benefits. This was removed when the previous government introduced the UCCB enhancements and the Family Tax Cut.</p>\n<p>Other non-refundable tax credits will be removed as well:  the education/textbook amounts will disappear, as will the refundable children’s fitness credit.</p>\n<p><strong>Read:</strong> <a href=\"http://www.macleans.ca/politics/ottawa/child-care-benefit-as-promised/\" >Is the Canada Child Benefit fair?</a></p>\n<h3><strong>The Canada Child Benefit: See how it affects you </strong></h3>\n<p>The changes the Liberal government has introduced for families has varying result, depending on family net income, how many children the family has, and whether they are under six or six to 17. We did some calculations at Knowledge Bureau to see how families fare in 2016.</p>\n<p>The key learnings are that while middle-income families are generously rewarded with the combination of tax rate reductions and enhanced refundable tax credits, but their marginal tax rates increase significantly as incomes rise to an upper middle class range:  50% for income levels between $70,000 and $80,000 and over<strong> 67% </strong>for income levels between $90,000 and $120,000.<strong> </strong>This makes RRSP planning a must for those families in order to reduce family net income below the $70,000 threshold.</p>\n<p>Let’s look now at the effects of the changes on a low-income family. In this case, net family income is $30,000 and there are three little children in the family – each under six:</p>\n<p><strong>Scenario: Ontario family has three children under 6 and family net income of $30,000</strong></p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"3\">Both work ($15K each)</td>\n<td colspan=\"3\">One Works ($30K)</td>\n</tr>\n<tr>\n<td></td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n</tr>\n<tr>\n<td>Earned Income</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n</tr>\n<tr>\n<td>&#8211; Federal Tax</td>\n<td>1,318</td>\n<td>454</td>\n<td>+864</td>\n<td>1,466</td>\n<td>602</td>\n<td>+864</td>\n</tr>\n<tr>\n<td>&#8211; Provincial Tax</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Net After Tax</td>\n<td>$28,682</td>\n<td>$29,546</td>\n<td>+$864</td>\n<td>$28,534</td>\n<td>$29,398</td>\n<td>+$864</td>\n</tr>\n<tr>\n<td>+ UCCB</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n</tr>\n<tr>\n<td>+ CTB</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n</tr>\n<tr>\n<td>+ GSTC</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n</tr>\n<tr>\n<td>+ Prov CTB</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Total Income</td>\n<td>$48,409</td>\n<td>$53,057</td>\n<td>+$4,648</td>\n<td>$48,261</td>\n<td>$52,909</td>\n<td>+$4,648</td>\n</tr>\n<tr>\n<td>Monthly Income</td>\n<td>$4,034</td>\n<td>$4,421</td>\n<td>+$387</td>\n<td>$4,022</td>\n<td>$4,409</td>\n<td>+$387</td>\n</tr>\n</tbody>\n</table>\n<p><em>Source: Knowledge Bureau, Inc.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Under the new rules a low-income family with three children will be better off by almost $400 per month.</li>\n<li>This family has after-tax income of $4,409 per month.</li>\n<li>Whether single-earner or two working spouses makes little difference.</li>\n<li>The tax system added 75% to earned income under the new rules with one earner.</li>\n</ul>\n<h3>Higher Income Earners</h3>\n<p>Now let’s take a look at the amount of <strong>Canada Child Benefit</strong> receivable and resulting marginal tax rates at higher income levels. The scenario is the following: Ontario family has three children under 6 and various family net income levels below.  But in this case one spouse is working. First let’s take a look at the old rules:</p>\n<p><strong>Table 1: Old Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"71\">Income</td>\n<td width=\"68\">Income Tax</td>\n<td width=\"67\">UCCB</td>\n<td width=\"67\">CTB</td>\n<td width=\"65\">GSTC</td>\n<td width=\"71\">After Tax</td>\n<td width=\"59\">Effective Tax Rate</td>\n</tr>\n<tr>\n<td width=\"71\">$30,000</td>\n<td width=\"68\">$1,466</td>\n<td width=\"67\">$5,760</td>\n<td width=\"67\">$9,656</td>\n<td width=\"65\">$987</td>\n<td width=\"71\">$44,937</td>\n<td width=\"59\">-50%</td>\n</tr>\n<tr>\n<td width=\"71\">$40,000</td>\n<td width=\"68\">3,406</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">6,140</td>\n<td width=\"65\">652</td>\n<td width=\"71\">$49,146</td>\n<td width=\"59\">-23%</td>\n</tr>\n<tr>\n<td width=\"71\">$50,000</td>\n<td width=\"68\">6,101</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">4,385</td>\n<td width=\"65\">152</td>\n<td width=\"71\">$54,196</td>\n<td width=\"59\">-8%</td>\n</tr>\n<tr>\n<td width=\"71\">$60,000</td>\n<td width=\"68\">9,165</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$60,580</td>\n<td width=\"59\">-1%</td>\n</tr>\n<tr>\n<td width=\"71\">$70,000</td>\n<td width=\"68\">12,280</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$67,065</td>\n<td width=\"59\">+4%</td>\n</tr>\n<tr>\n<td width=\"71\">$80,000</td>\n<td width=\"68\">15,549</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$73,396</td>\n<td width=\"59\">+8%</td>\n</tr>\n<tr>\n<td width=\"71\">$90,000</td>\n<td width=\"68\">19,014</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$79,531</td>\n<td width=\"59\">+12%</td>\n</tr>\n<tr>\n<td width=\"71\">$100,000</td>\n<td width=\"68\">23,268</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$84,877</td>\n<td width=\"59\">+15%</td>\n</tr>\n<tr>\n<td width=\"71\">$110,000</td>\n<td width=\"68\">27,609</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$90,136</td>\n<td width=\"59\">+18%</td>\n</tr>\n<tr>\n<td width=\"71\">$120,000</td>\n<td width=\"68\">31,949</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$95,396</td>\n<td width=\"59\">+21%</td>\n</tr>\n<tr>\n<td width=\"71\">$130,000</td>\n<td width=\"68\">36,291</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$100,654</td>\n<td width=\"59\">+23%</td>\n</tr>\n<tr>\n<td width=\"71\">$140,000</td>\n<td width=\"68\">40,632</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$105,913</td>\n<td width=\"59\">+24%</td>\n</tr>\n<tr>\n<td width=\"71\">$150,000</td>\n<td width=\"68\">45,261</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$110,884</td>\n<td width=\"59\">+26%</td>\n</tr>\n<tr>\n<td width=\"71\">$160,000</td>\n<td width=\"68\">50,058</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">0</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$115,702</td>\n<td width=\"59\">+28%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p>Note that negative figures represent an excess of benefits received over taxes payable. Below, we take a look at what happens under the new rules with our three-child family. We note taxes payable are netted out with eligible refundable tax credits, and compare the results to the old rules.</p>\n<p><strong>Table 2: New Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"67\">Income</td>\n<td width=\"50\">Income Tax</td>\n<td width=\"35\">UCCB</td>\n<td width=\"43\">CCB</td>\n<td width=\"43\">GSTC</td>\n<td width=\"57\">Net Tax</td>\n<td width=\"47\">Effective Tax Rate</td>\n<td width=\"59\">Difference</td>\n<td width=\"29\">% Diff</td>\n<td width=\"46\">MTR</td>\n</tr>\n<tr>\n<td width=\"67\">$30,000</td>\n<td width=\"50\">$602</td>\n<td width=\"35\">$0</td>\n<td width=\"43\">$19,200</td>\n<td width=\"43\">$987</td>\n<td width=\"57\">$49,585</td>\n<td width=\"47\">-65%</td>\n<td width=\"59\">$4,648</td>\n<td width=\"29\">15%</td>\n<td width=\"46\">15%</td>\n</tr>\n<tr>\n<td width=\"67\">$40,000</td>\n<td width=\"50\">3,406</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$17,300</td>\n<td width=\"43\">652</td>\n<td width=\"57\">$54,546</td>\n<td width=\"47\">-36%</td>\n<td width=\"59\">$5,400</td>\n<td width=\"29\">14%</td>\n<td width=\"46\">43.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$50,000</td>\n<td width=\"50\">6,030</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$15,400</td>\n<td width=\"43\">152</td>\n<td width=\"57\">$59,522</td>\n<td width=\"47\">-19%</td>\n<td width=\"59\">$5,326</td>\n<td width=\"29\">11%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$60,000</td>\n<td width=\"50\">8,944</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$13,500</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$64,556</td>\n<td width=\"47\">-8%</td>\n<td width=\"59\">$3,976</td>\n<td width=\"29\">7%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$70,000</td>\n<td width=\"50\">11,909</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$12,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$70,241</td>\n<td width=\"47\">0%</td>\n<td width=\"59\">$3,176</td>\n<td width=\"29\">5%</td>\n<td width=\"46\">37.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$80,000</td>\n<td width=\"50\">15,028</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$11,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$76,322</td>\n<td width=\"47\">5%</td>\n<td width=\"59\">$2,926</td>\n<td width=\"29\">4%</td>\n<td width=\"46\">39.48%</td>\n</tr>\n<tr>\n<td width=\"67\">$90,000</td>\n<td width=\"50\">18,343</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$10,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$82,207</td>\n<td width=\"47\">9%</td>\n<td width=\"59\">$2,676</td>\n<td width=\"29\">3%</td>\n<td width=\"46\">45.91%</td>\n</tr>\n<tr>\n<td width=\"67\">$100,000</td>\n<td width=\"50\">22,588</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$9,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$87,162</td>\n<td width=\"47\">13%</td>\n<td width=\"59\">$2,285</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$110,000</td>\n<td width=\"50\">26,929</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$92,021</td>\n<td width=\"47\">16%</td>\n<td width=\"59\">$1,885</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$120,000</td>\n<td width=\"50\">31,370</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$96,780</td>\n<td width=\"47\">19%</td>\n<td width=\"59\">$1,384</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$130,000</td>\n<td width=\"50\">35,611</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$7,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$101,739</td>\n<td width=\"47\">22%</td>\n<td width=\"59\">$1,085</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$140,000</td>\n<td width=\"50\">39,952</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$6,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$106,598</td>\n<td width=\"47\">24%</td>\n<td width=\"59\">$685</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$150,000</td>\n<td width=\"50\">44,582</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$5,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$111,168</td>\n<td width=\"47\">26%</td>\n<td width=\"59\">$284</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n<tr>\n<td width=\"67\">$160,000</td>\n<td width=\"50\">49,379</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$4,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$115,571</td>\n<td width=\"47\">28%</td>\n<td width=\"59\">-$131</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Family net income can be as high as $70,000 before any net tax is paid (that is, taxes payable less refundable credits received)</li>\n<li>When this family’s income reaches $160,000 it is evident that the UCCB provided more money. In addition the family’s marginal tax rate is quite high, when the clawback of the CCB is taken into account</li>\n<li>However, while high income earners received more benefits under the UCCB regime, the Canada Child Benefit delivers at least some dollars to a broader number of high income families, as illustrated with the high income cut off chart below. In fact, marginal tax rates are over 50% for income levels exceed $100,000 when we take the clawbacks into account. That makes RRSP planning important for families. The deduction of the contribution will help to reduce family net income levels. Child care expense deductions and carry charges on investments are examples of two other deductions that reduce family net income</li>\n</ul>\n<h3>High Income Cut Offs for Canada Child Benefit</h3>\n<p>The following table shows the income level at which the CCB will be eliminated for various families. The full benefit is only received up to family net income of $30,000 but the benefit is available over a surprisingly large income range.</p>\n<table>\n<tbody>\n<tr>\n<td><strong>Ages of Children</strong></td>\n<td><strong>Income Cut-Off</strong></td>\n</tr>\n<tr>\n<td>1 child under 6</td>\n<td>$188,437</td>\n</tr>\n<tr>\n<td>1 child over 6</td>\n<td>$157,187</td>\n</tr>\n<tr>\n<td>2 children, both under 6</td>\n<td>$206,667</td>\n</tr>\n<tr>\n<td>2 children, one under 6</td>\n<td>$189,123</td>\n</tr>\n<tr>\n<td>2 children, both over 5</td>\n<td>$171,579</td>\n</tr>\n<tr>\n<td>3 children all under 6</td>\n<td>$221,875</td>\n</tr>\n<tr>\n<td>3 children, two under 6</td>\n<td>$209,375</td>\n</tr>\n<tr>\n<td>3 children, one under 6</td>\n<td>$196,875</td>\n</tr>\n<tr>\n<td>3 children, all over 5</td>\n<td>$184,375</td>\n</tr>\n<tr>\n<td>4 children, all under 6</td>\n<td>$249,737</td>\n</tr>\n<tr>\n<td>4 children, three under 6</td>\n<td>$239,211</td>\n</tr>\n<tr>\n<td>4 children, two under 6</td>\n<td>$228,684</td>\n</tr>\n<tr>\n<td>4 children, one under 6</td>\n<td>$218,158</td>\n</tr>\n<tr>\n<td>4 children, all over 5</td>\n<td>$207,631</td>\n</tr>\n</tbody>\n</table>\n<h3>Single Child Families</h3>\n<p>In the following scenarios, we take a look at the results under old and new rules that focus on the removal of the UCCB in favour of the CCB and the net results for families at $30,000, $60,000 and $120,000.  In this case, there is only one child.</p>\n<table>\n<tbody>\n<tr>\n<td rowspan=\"2\"><strong>Family </strong></p>\n<p><strong>Income</strong></td>\n<td rowspan=\"2\"><strong>One</strong></p>\n<p><strong>Child</strong></td>\n<td colspan=\"4\"><strong>Old Rules</strong></td>\n<td colspan=\"4\"><strong>New Rules</strong></td>\n<td><strong> </strong></td>\n</tr>\n<tr>\n<td><strong>Income Tax</strong></td>\n<td><strong>CTB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Income Tax</strong></td>\n<td><strong>CCB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Difference</strong></td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$1,920</td>\n<td>$33,808</td>\n<td>$602</td>\n<td>$6,400</td>\n<td>$   &#8211;</td>\n<td>$35,798</td>\n<td>$1,990</td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$720</td>\n<td>$32,608</td>\n<td>$602</td>\n<td>$5,400</td>\n<td>$   &#8211;</td>\n<td>$34,798</td>\n<td>$2,190</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$9,506</td>\n<td>$1,195</td>\n<td>$1,920</td>\n<td>$53,609</td>\n<td>$     8,944</td>\n<td>$   4,300</td>\n<td>$     &#8211;</td>\n<td>$   55,356</td>\n<td>$1,747</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$9,273</td>\n<td>$1,195</td>\n<td>$720</td>\n<td>$52,409</td>\n<td>$     8,944</td>\n<td>$   3,300</td>\n<td>$     &#8211;</td>\n<td>$ 54,356</td>\n<td>$1,947</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$32,322</td>\n<td>$0</td>\n<td>$1,920</td>\n<td>$89,598</td>\n<td>$ 31,270</td>\n<td>$ 2,190</td>\n<td>$     &#8211;</td>\n<td>$   90,920</td>\n<td>$1,322</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$32,058</td>\n<td>$0</td>\n<td>$720</td>\n<td>$88,398</td>\n<td>$ 31,270</td>\n<td>$   1,190</td>\n<td>$     &#8211;</td>\n<td>$   89,920</td>\n<td>$1,522</td>\n</tr>\n</tbody>\n</table>\n<p>Of note is the fact that single-child families are better off with one child under the new rules at either age and across large income ranges. And that’s certainly good news!</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','The winners and losers of the Canada Child Benefit','<p>Our tax expert crunches the numbers </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1014-revision-v1','','','2016-03-23 06:15:57','2016-03-23 10:15:57','',1014,'http://feedwordpress.radgeek.com/?rev=de1aade67b6a52be96539254ff079ad6',0,'revision','',0),(1518,1,'2016-03-23 06:15:57','2016-03-23 10:15:57','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The federal budget made some important tax changes for families.  The good news is that the much rumoured increase to the capital gains inclusions rate did not come to fruition in this budget,  and the anticipated changes to stock option benefits have been deferred for now. But if you’ve invested in corporate class mutual funds, you&#8217;ll want to do any switching between funds on a tax-free basis now until September as that special tax-free treatment will disappear.</p>\n<p>Charities will also wince at the cancellation of a provision expected to begin in 2017, introduced in the last budget. That is, the donation of sales proceeds from a qualifying private corporate or real estate dispositions will no longer qualify for a capital gains exemption if proceeds are donated to charity.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat and our experts will answer</a></p>\n<p><strong>Tool:</strong> <a href=\"http://www.budget.gc.ca/2016/tool-outil/ccb-ace-en.html\" >Finance Canada has a nifty calculator that determines your benefits</a></p>\n<p>Families will be happy with the introduction of the <strong>Canada Child Benefit (CCB)</strong>, which is a refundable credit based on family net income. Specifically, the new CCB provides a maximum benefit of $6400 per child under age of six and $5400 per child age six to 17.</p>\n<p>How much you get is based on 2015 family net income, which is determined on the tax return (2015) currently being filed.  So be sure to dig for every deduction that reduces your net income on Line 236.  Also, a tip for the future:  RRSP planning for families is extremely important as clawback zones can bring marginal tax rates well over 50% in some cases:</p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"2\">Current Clawback Rules</td>\n</tr>\n<tr>\n<td>Income</td>\n<td>MTR(tax)</td>\n<td>MTR with clawbacks</td>\n</tr>\n<tr>\n<td>$30,000</td>\n<td>20.05%</td>\n<td>20.05%</td>\n</tr>\n<tr>\n<td>$40,000</td>\n<td>20.05%</td>\n<td>40.10%</td>\n</tr>\n<tr>\n<td><strong>$50,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$60,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$70,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$80,000</strong></td>\n<td><strong>31.48%</strong></td>\n<td><strong>72.48%</strong></td>\n</tr>\n<tr>\n<td><strong>$90,000</strong></td>\n<td><strong>37.91%</strong></td>\n<td><strong>58.41%</strong></td>\n</tr>\n<tr>\n<td><strong>$100,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td><strong>$110,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td>$120,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$130,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$140,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$150,000</td>\n<td>46.41%</td>\n<td>46.41%</td>\n</tr>\n<tr>\n<td>$160,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$170,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$180,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$190,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$200,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td><strong>$210,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000+</strong></td>\n<td><strong>53.53%</strong></td>\n<td><strong>53.53%</strong></td>\n</tr>\n</tbody>\n</table>\n<p>Do refugees get the benefits?  Foreign-born individuals who are Indians and not Canadian citizens and permanent residents under the Immigration and Refugee Protection Act may legally reside in Canada and receive the CCB. A new limitation is being introduced with regard to eligibility for retroactive payments. Currently individuals may apply for CCTB and Universal Child Care Benefit (UCCB) as far back as the introduction of the programs. Income-tax based credits, however, are limited to a 10-year limitation. Retroactive application of UCCB and CTB will align after 2016, to the 10-year limitation.</p>\n<p>Unfortunately, there is no non-refundable tax credit for minor children for those who do not qualify for the income-tested benefits. This was removed when the previous government introduced the UCCB enhancements and the Family Tax Cut.</p>\n<p>Other non-refundable tax credits will be removed as well:  the education/textbook amounts will disappear, as will the refundable children’s fitness credit.</p>\n<p><strong>Read:</strong> <a href=\"http://www.macleans.ca/politics/ottawa/child-care-benefit-as-promised/\" >Is the Canada Child Benefit fair?</a></p>\n<h3><strong>The Canada Child Benefit: See how it affects you </strong></h3>\n<p>The changes the Liberal government has introduced for families has varying result, depending on family net income, how many children the family has, and whether they are under six or six to 17. We did some calculations at Knowledge Bureau to see how families fare in 2016.</p>\n<p>The key learnings are that while middle-income families are generously rewarded with the combination of tax rate reductions and enhanced refundable tax credits, but their marginal tax rates increase significantly as incomes rise to an upper middle class range:  50% for income levels between $70,000 and $80,000 and over<strong> 67% </strong>for income levels between $90,000 and $120,000.<strong> </strong>This makes RRSP planning a must for those families in order to reduce family net income below the $70,000 threshold.</p>\n<p>Let’s look now at the effects of the changes on a low-income family. In this case, net family income is $30,000 and there are three little children in the family – each under six:</p>\n<p><strong>Scenario: Ontario family has three children under 6 and family net income of $30,000</strong></p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"3\">Both work ($15K each)</td>\n<td colspan=\"3\">One Works ($30K)</td>\n</tr>\n<tr>\n<td></td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n</tr>\n<tr>\n<td>Earned Income</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n</tr>\n<tr>\n<td>&#8211; Federal Tax</td>\n<td>1,318</td>\n<td>454</td>\n<td>+864</td>\n<td>1,466</td>\n<td>602</td>\n<td>+864</td>\n</tr>\n<tr>\n<td>&#8211; Provincial Tax</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Net After Tax</td>\n<td>$28,682</td>\n<td>$29,546</td>\n<td>+$864</td>\n<td>$28,534</td>\n<td>$29,398</td>\n<td>+$864</td>\n</tr>\n<tr>\n<td>+ UCCB</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n</tr>\n<tr>\n<td>+ CTB</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n</tr>\n<tr>\n<td>+ GSTC</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n</tr>\n<tr>\n<td>+ Prov CTB</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Total Income</td>\n<td>$48,409</td>\n<td>$53,057</td>\n<td>+$4,648</td>\n<td>$48,261</td>\n<td>$52,909</td>\n<td>+$4,648</td>\n</tr>\n<tr>\n<td>Monthly Income</td>\n<td>$4,034</td>\n<td>$4,421</td>\n<td>+$387</td>\n<td>$4,022</td>\n<td>$4,409</td>\n<td>+$387</td>\n</tr>\n</tbody>\n</table>\n<p><em>Source: Knowledge Bureau, Inc.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Under the new rules a low-income family with three children will be better off by almost $400 per month.</li>\n<li>This family has after-tax income of $4,409 per month.</li>\n<li>Whether single-earner or two working spouses makes little difference.</li>\n<li>The tax system added 75% to earned income under the new rules with one earner.</li>\n</ul>\n<h3>Higher Income Earners</h3>\n<p>Now let’s take a look at the amount of <strong>Canada Child Benefit</strong> receivable and resulting marginal tax rates at higher income levels. The scenario is the following: Ontario family has three children under 6 and various family net income levels below.  But in this case one spouse is working. First let’s take a look at the old rules:</p>\n<p><strong>Table 1: Old Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"71\">Income</td>\n<td width=\"68\">Income Tax</td>\n<td width=\"67\">UCCB</td>\n<td width=\"67\">CTB</td>\n<td width=\"65\">GSTC</td>\n<td width=\"71\">After Tax</td>\n<td width=\"59\">Effective Tax Rate</td>\n</tr>\n<tr>\n<td width=\"71\">$30,000</td>\n<td width=\"68\">$1,466</td>\n<td width=\"67\">$5,760</td>\n<td width=\"67\">$9,656</td>\n<td width=\"65\">$987</td>\n<td width=\"71\">$44,937</td>\n<td width=\"59\">-50%</td>\n</tr>\n<tr>\n<td width=\"71\">$40,000</td>\n<td width=\"68\">3,406</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">6,140</td>\n<td width=\"65\">652</td>\n<td width=\"71\">$49,146</td>\n<td width=\"59\">-23%</td>\n</tr>\n<tr>\n<td width=\"71\">$50,000</td>\n<td width=\"68\">6,101</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">4,385</td>\n<td width=\"65\">152</td>\n<td width=\"71\">$54,196</td>\n<td width=\"59\">-8%</td>\n</tr>\n<tr>\n<td width=\"71\">$60,000</td>\n<td width=\"68\">9,165</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$60,580</td>\n<td width=\"59\">-1%</td>\n</tr>\n<tr>\n<td width=\"71\">$70,000</td>\n<td width=\"68\">12,280</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$67,065</td>\n<td width=\"59\">+4%</td>\n</tr>\n<tr>\n<td width=\"71\">$80,000</td>\n<td width=\"68\">15,549</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$73,396</td>\n<td width=\"59\">+8%</td>\n</tr>\n<tr>\n<td width=\"71\">$90,000</td>\n<td width=\"68\">19,014</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$79,531</td>\n<td width=\"59\">+12%</td>\n</tr>\n<tr>\n<td width=\"71\">$100,000</td>\n<td width=\"68\">23,268</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$84,877</td>\n<td width=\"59\">+15%</td>\n</tr>\n<tr>\n<td width=\"71\">$110,000</td>\n<td width=\"68\">27,609</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$90,136</td>\n<td width=\"59\">+18%</td>\n</tr>\n<tr>\n<td width=\"71\">$120,000</td>\n<td width=\"68\">31,949</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$95,396</td>\n<td width=\"59\">+21%</td>\n</tr>\n<tr>\n<td width=\"71\">$130,000</td>\n<td width=\"68\">36,291</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$100,654</td>\n<td width=\"59\">+23%</td>\n</tr>\n<tr>\n<td width=\"71\">$140,000</td>\n<td width=\"68\">40,632</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$105,913</td>\n<td width=\"59\">+24%</td>\n</tr>\n<tr>\n<td width=\"71\">$150,000</td>\n<td width=\"68\">45,261</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$110,884</td>\n<td width=\"59\">+26%</td>\n</tr>\n<tr>\n<td width=\"71\">$160,000</td>\n<td width=\"68\">50,058</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">0</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$115,702</td>\n<td width=\"59\">+28%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p>Note that negative figures represent an excess of benefits received over taxes payable. Below, we take a look at what happens under the new rules with our three-child family. We note taxes payable are netted out with eligible refundable tax credits, and compare the results to the old rules.</p>\n<p><strong>Table 2: New Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"67\">Income</td>\n<td width=\"50\">Income Tax</td>\n<td width=\"35\">UCCB</td>\n<td width=\"43\">CCB</td>\n<td width=\"43\">GSTC</td>\n<td width=\"57\">Net Tax</td>\n<td width=\"47\">Effective Tax Rate</td>\n<td width=\"59\">Difference</td>\n<td width=\"29\">% Diff</td>\n<td width=\"46\">MTR</td>\n</tr>\n<tr>\n<td width=\"67\">$30,000</td>\n<td width=\"50\">$602</td>\n<td width=\"35\">$0</td>\n<td width=\"43\">$19,200</td>\n<td width=\"43\">$987</td>\n<td width=\"57\">$49,585</td>\n<td width=\"47\">-65%</td>\n<td width=\"59\">$4,648</td>\n<td width=\"29\">15%</td>\n<td width=\"46\">15%</td>\n</tr>\n<tr>\n<td width=\"67\">$40,000</td>\n<td width=\"50\">3,406</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$17,300</td>\n<td width=\"43\">652</td>\n<td width=\"57\">$54,546</td>\n<td width=\"47\">-36%</td>\n<td width=\"59\">$5,400</td>\n<td width=\"29\">14%</td>\n<td width=\"46\">43.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$50,000</td>\n<td width=\"50\">6,030</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$15,400</td>\n<td width=\"43\">152</td>\n<td width=\"57\">$59,522</td>\n<td width=\"47\">-19%</td>\n<td width=\"59\">$5,326</td>\n<td width=\"29\">11%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$60,000</td>\n<td width=\"50\">8,944</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$13,500</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$64,556</td>\n<td width=\"47\">-8%</td>\n<td width=\"59\">$3,976</td>\n<td width=\"29\">7%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$70,000</td>\n<td width=\"50\">11,909</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$12,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$70,241</td>\n<td width=\"47\">0%</td>\n<td width=\"59\">$3,176</td>\n<td width=\"29\">5%</td>\n<td width=\"46\">37.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$80,000</td>\n<td width=\"50\">15,028</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$11,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$76,322</td>\n<td width=\"47\">5%</td>\n<td width=\"59\">$2,926</td>\n<td width=\"29\">4%</td>\n<td width=\"46\">39.48%</td>\n</tr>\n<tr>\n<td width=\"67\">$90,000</td>\n<td width=\"50\">18,343</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$10,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$82,207</td>\n<td width=\"47\">9%</td>\n<td width=\"59\">$2,676</td>\n<td width=\"29\">3%</td>\n<td width=\"46\">45.91%</td>\n</tr>\n<tr>\n<td width=\"67\">$100,000</td>\n<td width=\"50\">22,588</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$9,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$87,162</td>\n<td width=\"47\">13%</td>\n<td width=\"59\">$2,285</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$110,000</td>\n<td width=\"50\">26,929</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$92,021</td>\n<td width=\"47\">16%</td>\n<td width=\"59\">$1,885</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$120,000</td>\n<td width=\"50\">31,370</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$96,780</td>\n<td width=\"47\">19%</td>\n<td width=\"59\">$1,384</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$130,000</td>\n<td width=\"50\">35,611</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$7,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$101,739</td>\n<td width=\"47\">22%</td>\n<td width=\"59\">$1,085</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$140,000</td>\n<td width=\"50\">39,952</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$6,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$106,598</td>\n<td width=\"47\">24%</td>\n<td width=\"59\">$685</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$150,000</td>\n<td width=\"50\">44,582</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$5,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$111,168</td>\n<td width=\"47\">26%</td>\n<td width=\"59\">$284</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n<tr>\n<td width=\"67\">$160,000</td>\n<td width=\"50\">49,379</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$4,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$115,571</td>\n<td width=\"47\">28%</td>\n<td width=\"59\">-$131</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Family net income can be as high as $70,000 before any net tax is paid (that is, taxes payable less refundable credits received)</li>\n<li>When this family’s income reaches $160,000 it is evident that the UCCB provided more money. In addition the family’s marginal tax rate is quite high, when the clawback of the CCB is taken into account</li>\n<li>However, while high income earners received more benefits under the UCCB regime, the Canada Child Benefit delivers at least some dollars to a broader number of high income families, as illustrated with the high income cut off chart below. In fact, marginal tax rates are over 50% for income levels exceed $100,000 when we take the clawbacks into account. That makes RRSP planning important for families. The deduction of the contribution will help to reduce family net income levels. Child care expense deductions and carry charges on investments are examples of two other deductions that reduce family net income</li>\n</ul>\n<h3>High Income Cut Offs for Canada Child Benefit</h3>\n<p>The following table shows the income level at which the CCB will be eliminated for various families. The full benefit is only received up to family net income of $30,000 but the benefit is available over a surprisingly large income range.</p>\n<table>\n<tbody>\n<tr>\n<td><strong>Ages of Children</strong></td>\n<td><strong>Income Cut-Off</strong></td>\n</tr>\n<tr>\n<td>1 child under 6</td>\n<td>$188,437</td>\n</tr>\n<tr>\n<td>1 child over 6</td>\n<td>$157,187</td>\n</tr>\n<tr>\n<td>2 children, both under 6</td>\n<td>$206,667</td>\n</tr>\n<tr>\n<td>2 children, one under 6</td>\n<td>$189,123</td>\n</tr>\n<tr>\n<td>2 children, both over 5</td>\n<td>$171,579</td>\n</tr>\n<tr>\n<td>3 children all under 6</td>\n<td>$221,875</td>\n</tr>\n<tr>\n<td>3 children, two under 6</td>\n<td>$209,375</td>\n</tr>\n<tr>\n<td>3 children, one under 6</td>\n<td>$196,875</td>\n</tr>\n<tr>\n<td>3 children, all over 5</td>\n<td>$184,375</td>\n</tr>\n<tr>\n<td>4 children, all under 6</td>\n<td>$249,737</td>\n</tr>\n<tr>\n<td>4 children, three under 6</td>\n<td>$239,211</td>\n</tr>\n<tr>\n<td>4 children, two under 6</td>\n<td>$228,684</td>\n</tr>\n<tr>\n<td>4 children, one under 6</td>\n<td>$218,158</td>\n</tr>\n<tr>\n<td>4 children, all over 5</td>\n<td>$207,631</td>\n</tr>\n</tbody>\n</table>\n<h3>Single Child Families</h3>\n<p>In the following scenarios, we take a look at the results under old and new rules that focus on the removal of the UCCB in favour of the CCB and the net results for families at $30,000, $60,000 and $120,000.  In this case, there is only one child.</p>\n<table>\n<tbody>\n<tr>\n<td rowspan=\"2\"><strong>Family </strong></p>\n<p><strong>Income</strong></td>\n<td rowspan=\"2\"><strong>One</strong></p>\n<p><strong>Child</strong></td>\n<td colspan=\"4\"><strong>Old Rules</strong></td>\n<td colspan=\"4\"><strong>New Rules</strong></td>\n<td><strong> </strong></td>\n</tr>\n<tr>\n<td><strong>Income Tax</strong></td>\n<td><strong>CTB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Income Tax</strong></td>\n<td><strong>CCB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Difference</strong></td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$1,920</td>\n<td>$33,808</td>\n<td>$602</td>\n<td>$6,400</td>\n<td>$   &#8211;</td>\n<td>$35,798</td>\n<td>$1,990</td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$720</td>\n<td>$32,608</td>\n<td>$602</td>\n<td>$5,400</td>\n<td>$   &#8211;</td>\n<td>$34,798</td>\n<td>$2,190</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$9,506</td>\n<td>$1,195</td>\n<td>$1,920</td>\n<td>$53,609</td>\n<td>$     8,944</td>\n<td>$   4,300</td>\n<td>$     &#8211;</td>\n<td>$   55,356</td>\n<td>$1,747</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$9,273</td>\n<td>$1,195</td>\n<td>$720</td>\n<td>$52,409</td>\n<td>$     8,944</td>\n<td>$   3,300</td>\n<td>$     &#8211;</td>\n<td>$ 54,356</td>\n<td>$1,947</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$32,322</td>\n<td>$0</td>\n<td>$1,920</td>\n<td>$89,598</td>\n<td>$ 31,270</td>\n<td>$ 2,190</td>\n<td>$     &#8211;</td>\n<td>$   90,920</td>\n<td>$1,322</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$32,058</td>\n<td>$0</td>\n<td>$720</td>\n<td>$88,398</td>\n<td>$ 31,270</td>\n<td>$   1,190</td>\n<td>$     &#8211;</td>\n<td>$   89,920</td>\n<td>$1,522</td>\n</tr>\n</tbody>\n</table>\n<p>Of note is the fact that single-child families are better off with one child under the new rules at either age and across large income ranges. And that’s certainly good news!</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','The winners and losers of the Canada Child Benefit','<p>Our tax expert crunches the numbers </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1014-revision-v1','','','2016-03-23 06:15:57','2016-03-23 10:15:57','',1014,'http://feedwordpress.radgeek.com/?rev=115752701e4ba597386f055e240eb52f',0,'revision','',0),(1519,1,'2016-03-22 19:48:29','2016-03-22 23:48:29','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>On Tuesday afternoon, Finance Minister Bill Morneau tabled his first federal budget in the House of Commons. In many ways it was a big budget (promising a $29.4 billion deficit and a plan to invest $120 billion in infrastructure spending over the next 10 years). There were also a number of line items targeted at Canadian investors. Here are three key ways that Budget 2016 impacts them:</p>\n<h3>No. 1: Investors can expect to pay more tax</h3>\n<p>Budget 2016 aims to close loopholes that some investors use to reduce tax paid to the Canada Revenue Agency (CRA). For instance, it will examine the use of “debt-parking transactions,” used by investors or private corporations in an effort to “preserve the integrity of the foreign exchange computational rules.”</p>\n<p>The Budget will also “prevent the asymmetrical recognition of gains and losses on derivatives for tax purposes,” and “prevent the deferral of capital gains tax by investors in mutual fund corporations structured as switch funds.”</p>\n<p>Also introduced in Budget 2016 is a new rule that would &#8220;effectively treat the portion of any gain realized on the sale of a linked note that is attributable to the variable return on the note as accrued interest on the note.”</p>\n<h3><strong>No. 2: The Labour-Sponsored tax credit will be reinstated</strong></h3>\n<p>Budget 2016 restores the tax credit for share purchases of provincially registered Labour-Sponsored Venture Capital Corporations to 15% for 2016 and subsequent tax years. The aim is to aid small- and medium-sized businesses, by helping them gain access to venture capital and providing federal tax relief of about $815 million through 2020–21.</p>\n<h3><strong>No. 3: The elimination of capital gains tax exemption on donations</strong></h3>\n<p>Last year&#8217;s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','3 ways the federal budget will affect investors','<p>First up: They can expect to pay more tax</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1022-revision-v1','','','2016-03-22 19:48:29','2016-03-22 23:48:29','',1022,'http://feedwordpress.radgeek.com/?rev=6a7cbae5d8cb9cb279e875a1c0fc10d7',0,'revision','',0),(1520,1,'2016-03-22 19:48:29','2016-03-22 23:48:29','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>On Tuesday afternoon, Finance Minister Bill Morneau tabled his first federal budget in the House of Commons. In many ways it was a big budget (promising a $29.4 billion deficit and a plan to invest $120 billion in infrastructure spending over the next 10 years). There were also a number of line items targeted at Canadian investors. Here are three key ways that Budget 2016 impacts them:</p>\n<h3>No. 1: Investors can expect to pay more tax</h3>\n<p>Budget 2016 aims to close loopholes that some investors use to reduce tax paid to the Canada Revenue Agency (CRA). For instance, it will examine the use of “debt-parking transactions,” used by investors or private corporations in an effort to “preserve the integrity of the foreign exchange computational rules.”</p>\n<p>The Budget will also “prevent the asymmetrical recognition of gains and losses on derivatives for tax purposes,” and “prevent the deferral of capital gains tax by investors in mutual fund corporations structured as switch funds.”</p>\n<p>Also introduced in Budget 2016 is a new rule that would &#8220;effectively treat the portion of any gain realized on the sale of a linked note that is attributable to the variable return on the note as accrued interest on the note.”</p>\n<h3><strong>No. 2: The Labour-Sponsored tax credit will be reinstated</strong></h3>\n<p>Budget 2016 restores the tax credit for share purchases of provincially registered Labour-Sponsored Venture Capital Corporations to 15% for 2016 and subsequent tax years. The aim is to aid small- and medium-sized businesses, by helping them gain access to venture capital and providing federal tax relief of about $815 million through 2020–21.</p>\n<h3><strong>No. 3: The elimination of capital gains tax exemption on donations</strong></h3>\n<p>Last year&#8217;s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','3 ways the federal budget will affect investors','<p>First up: They can expect to pay more tax</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1022-revision-v1','','','2016-03-22 19:48:29','2016-03-22 23:48:29','',1022,'http://feedwordpress.radgeek.com/?rev=a0cfc84cb90ee33f8f6454b1bffd43b2',0,'revision','',0),(1521,1,'2016-03-22 19:38:52','2016-03-22 23:38:52','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>For the first time in Canadian history, there are more seniors over the age of 65 than there are children under the age of 15. What this means is that, over time, there will be fewer Canadians working to support the overall population. Seniors issues are only going to grow in importance.</p>\n<p>With that in mind, let&#8217;s dig into what happened in this budget related to seniors. Some of it we already knew, some of it adds up to real change and some omissions are worth noting.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat &amp; our experts will answer</a></p>\n<h3><strong>The OAS reversal</strong></h3>\n<p>As already announced, the eligibility ages of the Old Age Security program will be restored. Budget 2016 proposes to cancel the provisions in the Old Age Security Act that would have increased the age of eligibility for OAS and Guaranteed Income Supplement benefits from 65 to 67 and Allowance benefits from 60 to 62 over the 2023 to 2029 period.</p>\n<p>Restoring the eligibility age for OAS and GIS benefits to 65 will put thousands of dollars back in the pockets of Canadians as they become seniors. These benefits are an important part of the retirement income of Canadians, particularly for lower-income seniors.</p>\n<p>Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty.</p>\n<p>This announcement by the government is basically undoing something that wasn’t due to happen until 2023. The former government put it in place and the current government took it away. Aside from adding some bureaucratic paperwork, no one was impacted by this, although it was certainly hanging over the heads of investors and their planners. Most of them will be thrilled by this reversal, even if they have to amend their financial plans to reflect this.</p>\n<h3><strong>Guaranteed Income Supplement</strong></h3>\n<p>In Canada, the retirement income system has been successful in reducing the incidence of poverty among Canadian seniors due mainly to Canada Pension Plan (CPP) and OAS. However, of those who do struggle to make ends meet in retirement, single seniors are hardest hit. They are nearly three times more likely to live in low income than seniors generally. For that reason, the federal budget offers an increase to the GIS.</p>\n<p>The federal budget promises to top up this monthly non-taxable benefit for low-income OAS recipients, by up to $947 annually, improving the financial security of about 900,000 seniors across Canada. It doubles the current maximum GIS top-up and represents a 10% increase in the total GIS benefits available to the lowest-income single seniors. A few other key facts about the supplement increase:</p>\n<ul>\n<li>It represents an investment of over $670 million per year</li>\n<li>The graduated benefits are based on income threshold of $4,600</li>\n<li>The benefits will be phased out at income of $8,400 or more</li>\n<li>Going forward, they will be calculated based on individual (not combined) incomes</li>\n</ul>\n<p>That last point is especially meaningful to senior couples who have to live apart for reasons beyond their control and who will see an even greater increase in their GIS benefits. This enhancement will help to defer the higher costs of living of maintaining two residences and reduce the risk of increased poverty.</p>\n<p>This proposed increase supports those seniors who rely almost exclusively on OAS and GIS benefits and may therefore be at risk of experiencing financial difficulties. It allows low-income single seniors more freedom of choice with their finances, while knowing they will receive a guaranteed monthly benefit that will increase with inflation over time.</p>\n<p>However, Statistics Canada has indicated that the Low Income Measure (LIM) for a single senior is $22,000 per year so there is still more work to be done on this in order to bring these 900,000 low income seniors to a reasonable, liveable income.</p>\n<p>Here are a few scenarios that illustrate the impact of the changes:</p>\n<ul>\n<li><em>Lynn is a 74-year-old resident of Montréal, Quebec, who lives alone. With no income apart from OAS and GIS benefits, she struggles to make ends meet. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Lynn with an additional $947 per year.</em></li>\n</ul>\n<ul>\n<li><em>Charles is a 68-year-old widower residing in Edmonton, Alberta. Charles receives annual CPP benefits of $5,000 along with OAS and GIS benefits. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Charles with an additional $848 per year.  </em></li>\n</ul>\n<ul>\n<li><em>Heather and David have been married for 40 years. David, age 77, receives annual CPP benefits of $3,000 and OAS and GIS bene</em><em>fits of over $12,500. Heather, age 62, has annual earnings from her part-time job of $6,000 and receives over $5,800 </em><em>in Allowance benefits. Taken together, the OAS program provides Heather and David with over $18,300 in annual income support. </em><em>David requires long-term care and Heather and David must live apart. Budget 2016 proposes to allow David and Heather to receive their GIS</em><em> and Allowance benefits based on their individual incomes, recognizing the higher costs of living that Heather and David would face </em><em>living apart. As a result of the proposed change, David would receive over $14,300 in OAS and GIS benefits. Heather would receive about $8,300 in Allowance benefits. Taken together, the OAS</em><em> program would provide annual income support of about $22,600, an increase of more than $4,000 from current levels.</em></li>\n</ul>\n<h3><strong>Affordable housing for seniors</strong></h3>\n<p>Canada’s senior population is growing, and many seniors now find it difficult to afford housing that is suitable, or that allows them to easily stay in their homes as long as possible.</p>\n<p>Budget 2016 proposes to provide $200.7 million over two years, starting in 2016–17, to support the construction, repair and adaption of affordable housing for seniors. While funding will be provided under the Investment in Affordable Housing initiative, provinces and territories will not be required to cost-match these investments. This investment is expected to help improve housing conditions for more than 5,000 low-income senior households.</p>\n<p>This initiative helps seniors to age at home which is exactly what the majority of seniors prefer but with many seniors still living in the own homes, this program will need to be more fulsome and last longer than two years to offset the impending lack of affordable and accessible housing for this demographic. The provinces and territories will need to step up with their investments to augment this new federal funding.</p>\n<p>Seniors will also be interested to know that there are commitments to improve client services at the Canada Revenue Agency. The CRA will reduce their telephone wait times, new and more easily understood correspondence, and more liaison with local volunteer groups that provide help to low income Canadians with their tax returns.  This is a welcome announcement from the CRA.</p>\n<h3><strong>What’s missing from the budget?</strong></h3>\n<p>Seniors’ groups have been asking for a national pharmacare program to ensure cross-Canada price equity and availability, extended compassionate leave and a national caregivers program, as well as a national home care strategy to allow seniors to age with dignity in their homes. So, while we&#8217;re a little further down the path–there is more room to go.</p>\n<hr />\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\"><img class=\"alignleft wp-image-118650\" src=\"http://www.moneysense.ca/wp-content/uploads/2015/05/Screen-Shot-2015-04-30-at-4.48.05-PM.png\" alt=\"MoneySense Approved\" width=\"250\" height=\"178\" /></a><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Find the advisor who&#8217;s right for you</a></p>\n<p>Let us match you with a trusted financial advisor who has the skills, training and approach to money &amp; investing that you need.</p>\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Try our search tool now!</a></p>\n<hr />\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','What the budget means for seniors','<p>A closer look at changes to OAS, GIS and spending on seniors housing</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1038-revision-v1','','','2016-03-22 19:38:52','2016-03-22 23:38:52','',1038,'http://feedwordpress.radgeek.com/?rev=9567590941ff7c538ab4dd4e7005a595',0,'revision','',0),(1522,1,'2016-03-22 19:22:43','2016-03-22 23:22:43','<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\">Panel: What does the federal budget mean for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Panel: What does the federal budget mean for you?','<p>Did you miss our live panel? See the experts discuss here</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\">Panel: What does the federal budget mean for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1040-revision-v1','','','2016-03-22 19:22:43','2016-03-22 23:22:43','',1040,'http://feedwordpress.radgeek.com/?rev=15b3fce7616452b5a423c5988dcb6854',0,'revision','',0),(1523,1,'2016-03-22 19:38:52','2016-03-22 23:38:52','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>For the first time in Canadian history, there are more seniors over the age of 65 than there are children under the age of 15. What this means is that, over time, there will be fewer Canadians working to support the overall population. Seniors issues are only going to grow in importance.</p>\n<p>With that in mind, let&#8217;s dig into what happened in this budget related to seniors. Some of it we already knew, some of it adds up to real change and some omissions are worth noting.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat &amp; our experts will answer</a></p>\n<h3><strong>The OAS reversal</strong></h3>\n<p>As already announced, the eligibility ages of the Old Age Security program will be restored. Budget 2016 proposes to cancel the provisions in the Old Age Security Act that would have increased the age of eligibility for OAS and Guaranteed Income Supplement benefits from 65 to 67 and Allowance benefits from 60 to 62 over the 2023 to 2029 period.</p>\n<p>Restoring the eligibility age for OAS and GIS benefits to 65 will put thousands of dollars back in the pockets of Canadians as they become seniors. These benefits are an important part of the retirement income of Canadians, particularly for lower-income seniors.</p>\n<p>Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty.</p>\n<p>This announcement by the government is basically undoing something that wasn’t due to happen until 2023. The former government put it in place and the current government took it away. Aside from adding some bureaucratic paperwork, no one was impacted by this, although it was certainly hanging over the heads of investors and their planners. Most of them will be thrilled by this reversal, even if they have to amend their financial plans to reflect this.</p>\n<h3><strong>Guaranteed Income Supplement</strong></h3>\n<p>In Canada, the retirement income system has been successful in reducing the incidence of poverty among Canadian seniors due mainly to Canada Pension Plan (CPP) and OAS. However, of those who do struggle to make ends meet in retirement, single seniors are hardest hit. They are nearly three times more likely to live in low income than seniors generally. For that reason, the federal budget offers an increase to the GIS.</p>\n<p>The federal budget promises to top up this monthly non-taxable benefit for low-income OAS recipients, by up to $947 annually, improving the financial security of about 900,000 seniors across Canada. It doubles the current maximum GIS top-up and represents a 10% increase in the total GIS benefits available to the lowest-income single seniors. A few other key facts about the supplement increase:</p>\n<ul>\n<li>It represents an investment of over $670 million per year</li>\n<li>The graduated benefits are based on income threshold of $4,600</li>\n<li>The benefits will be phased out at income of $8,400 or more</li>\n<li>Going forward, they will be calculated based on individual (not combined) incomes</li>\n</ul>\n<p>That last point is especially meaningful to senior couples who have to live apart for reasons beyond their control and who will see an even greater increase in their GIS benefits. This enhancement will help to defer the higher costs of living of maintaining two residences and reduce the risk of increased poverty.</p>\n<p>This proposed increase supports those seniors who rely almost exclusively on OAS and GIS benefits and may therefore be at risk of experiencing financial difficulties. It allows low-income single seniors more freedom of choice with their finances, while knowing they will receive a guaranteed monthly benefit that will increase with inflation over time.</p>\n<p>However, Statistics Canada has indicated that the Low Income Measure (LIM) for a single senior is $22,000 per year so there is still more work to be done on this in order to bring these 900,000 low income seniors to a reasonable, liveable income.</p>\n<p>Here are a few scenarios that illustrate the impact of the changes:</p>\n<ul>\n<li><em>Lynn is a 74-year-old resident of Montréal, Quebec, who lives alone. With no income apart from OAS and GIS benefits, she struggles to make ends meet. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Lynn with an additional $947 per year.</em></li>\n</ul>\n<ul>\n<li><em>Charles is a 68-year-old widower residing in Edmonton, Alberta. Charles receives annual CPP benefits of $5,000 along with OAS and GIS benefits. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Charles with an additional $848 per year.  </em></li>\n</ul>\n<ul>\n<li><em>Heather and David have been married for 40 years. David, age 77, receives annual CPP benefits of $3,000 and OAS and GIS bene</em><em>fits of over $12,500. Heather, age 62, has annual earnings from her part-time job of $6,000 and receives over $5,800 </em><em>in Allowance benefits. Taken together, the OAS program provides Heather and David with over $18,300 in annual income support. </em><em>David requires long-term care and Heather and David must live apart. Budget 2016 proposes to allow David and Heather to receive their GIS</em><em> and Allowance benefits based on their individual incomes, recognizing the higher costs of living that Heather and David would face </em><em>living apart. As a result of the proposed change, David would receive over $14,300 in OAS and GIS benefits. Heather would receive about $8,300 in Allowance benefits. Taken together, the OAS</em><em> program would provide annual income support of about $22,600, an increase of more than $4,000 from current levels.</em></li>\n</ul>\n<h3><strong>Affordable housing for seniors</strong></h3>\n<p>Canada’s senior population is growing, and many seniors now find it difficult to afford housing that is suitable, or that allows them to easily stay in their homes as long as possible.</p>\n<p>Budget 2016 proposes to provide $200.7 million over two years, starting in 2016–17, to support the construction, repair and adaption of affordable housing for seniors. While funding will be provided under the Investment in Affordable Housing initiative, provinces and territories will not be required to cost-match these investments. This investment is expected to help improve housing conditions for more than 5,000 low-income senior households.</p>\n<p>This initiative helps seniors to age at home which is exactly what the majority of seniors prefer but with many seniors still living in the own homes, this program will need to be more fulsome and last longer than two years to offset the impending lack of affordable and accessible housing for this demographic. The provinces and territories will need to step up with their investments to augment this new federal funding.</p>\n<p>Seniors will also be interested to know that there are commitments to improve client services at the Canada Revenue Agency. The CRA will reduce their telephone wait times, new and more easily understood correspondence, and more liaison with local volunteer groups that provide help to low income Canadians with their tax returns.  This is a welcome announcement from the CRA.</p>\n<h3><strong>What’s missing from the budget?</strong></h3>\n<p>Seniors’ groups have been asking for a national pharmacare program to ensure cross-Canada price equity and availability, extended compassionate leave and a national caregivers program, as well as a national home care strategy to allow seniors to age with dignity in their homes. So, while we&#8217;re a little further down the path–there is more room to go.</p>\n<hr />\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\"><img class=\"alignleft wp-image-118650\" src=\"http://www.moneysense.ca/wp-content/uploads/2015/05/Screen-Shot-2015-04-30-at-4.48.05-PM.png\" alt=\"MoneySense Approved\" width=\"250\" height=\"178\" /></a><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Find the advisor who&#8217;s right for you</a></p>\n<p>Let us match you with a trusted financial advisor who has the skills, training and approach to money &amp; investing that you need.</p>\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Try our search tool now!</a></p>\n<hr />\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','What the budget means for seniors','<p>A closer look at changes to OAS, GIS and spending on seniors housing</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1038-revision-v1','','','2016-03-22 19:38:52','2016-03-22 23:38:52','',1038,'http://feedwordpress.radgeek.com/?rev=142a7b66f8fb72c13e5e32537d09327c',0,'revision','',0),(1524,1,'2016-03-22 19:22:43','2016-03-22 23:22:43','<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\">Panel: What does the federal budget mean for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Panel: What does the federal budget mean for you?','<p>Did you miss our live panel? See the experts discuss here</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\">Panel: What does the federal budget mean for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1040-revision-v1','','','2016-03-22 19:22:43','2016-03-22 23:22:43','',1040,'http://feedwordpress.radgeek.com/?rev=f1ef0efa89aea3a60f8e85068f35ae6c',0,'revision','',0),(1525,1,'2015-11-19 22:31:01','2015-11-19 22:31:01','The Toyota Tacoma compact pickup truck is the best seller in its class. Toyota made some major changes for this all-new 2016 model.  The Toyota Tacoma is the best selling mid-sized pickup truck, outselling all other small and mid-sized trucks.\n\n\nCompetitors to the Toyota Tacoma are the Nissan Frontier, GMC Canyon, Chevrolet Colorado, Chevy Colorado, Honda Ridgeline, Chevy Silverado, Chevrolet Silverado, Ford Ranger, Ford F-150, GMC Sierra, RAM, Dodge Ram, Ram Powerwagon, Toyota Tundra.\n\n\nTwitter: https://twitter.com/MotormouthCDN\nFacebook: http://tinyurl.com/motormouthfb\nMotormouth: http://www.motormouth.ca/\nSubscribe: http://tinyurl.com/motormouthsubscribe\nZack Spencer\nZach Spencer\nCanadian Car Review\nMotormouth Canada','2016 Toyota Tacoma Short Review','','publish','open','open','','2016-toyota-tacoma-short-review','','','2015-11-19 22:31:01','2015-11-19 22:31:01','',0,'http://www.l2ocredit.com/2015/11/19/2016-toyota-tacoma-short-review/',0,'post','',0),(1526,0,'2016-03-24 12:00:06','2016-03-24 16:00:06','','2016 Toyota Tacoma Short Review','','inherit','open','closed','','2016-toyota-tacoma-short-review-2','','','2016-03-24 12:00:06','2016-03-24 16:00:06','',1525,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-tacoma-short-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1527,1,'2016-01-31 12:38:24','2016-01-31 12:38:24','Like Us on Facebook! https://www.facebook.com/pages/Camerons-Car-Reviews/349462695066112?ref=hl \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews','2016 BMW X5 Review | Camerons Car Reviews','','publish','open','open','','2016-bmw-x5-review-camerons-car-reviews','','','2016-01-31 12:38:24','2016-01-31 12:38:24','',0,'http://www.l2ocredit.com/2016/01/31/2016-bmw-x5-review-camerons-car-reviews/',0,'post','',0),(1528,0,'2016-03-24 12:15:24','2016-03-24 16:15:24','','2016 BMW X5 Review | Camerons Car Reviews','','inherit','open','closed','','2016-bmw-x5-review-camerons-car-reviews-2','','','2016-03-24 12:15:24','2016-03-24 16:15:24','',1527,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x5-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1529,0,'2016-03-24 12:15:24','2016-03-24 16:15:24','','2016 BMW X5 Review | Camerons Car Reviews','','inherit','open','closed','','2016-bmw-x5-review-camerons-car-reviews-2','','','2016-03-24 12:15:24','2016-03-24 16:15:24','',1527,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x5-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1530,0,'2016-03-24 12:15:24','2016-03-24 16:15:24','','2016 BMW X5 Review | Camerons Car Reviews','','inherit','open','closed','','2016-bmw-x5-review-camerons-car-reviews-3','','','2016-03-24 12:15:24','2016-03-24 16:15:24','',1527,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x5-review-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1531,1,'2016-01-14 14:00:00','2016-01-14 14:00:00','In this RAW &amp; UNCUT episode, Infiniti &amp; Nissan CCO, Shiro Nakamura, introduces MotoMan to the 2017 Infiniti Q60 Coupe. He starts out by reflecting upon the first time they met and that car’s impact on this new Infiniti Q60 Coupe. They then discuss some of the engineering which includes how the 2017 Infiniti Q60 Coupe is the first car to debut the Bose Performance Series audio system and how Nakamura-san played a role in its development . . .\n\nMotoMan. Ordinary Car Guy. Extraordinary Adventures\n\nTWICE A WEEK, MotoMan you on car guy adventures like going behind the scenes and hands on at factories, design studios and race tracks to unique driving experiences – everything from the latest cars to military prototype vehicles.\n\nEACH MONTH, MotoMan has an informal discussion with the key people shaping the car industry in front of a live studio &amp; Internet streamed audience. Connect with us via Facebook &amp; Twitter for a full schedule: \n\nSubscribe now to experience our adventures in the car world.\nhttp://www.youtube.com/subscription_center?add_user=motomantv\n\nCheck out our 2016 #NAIAS Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48qd0wOO-91Nuo4HGawYbo99\n\nCheck out our Infiniti Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48pBha4EqVUYMjN9EmeGnQcN\n\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV','2017 Infiniti Q60 Coupe with Shiro Nakamura @ #NAIAS – MOTOMAN UNCUT','','publish','open','open','','2017-infiniti-q60-coupe-with-shiro-nakamura-naias-motoman-uncut','','','2016-01-14 14:00:00','2016-01-14 14:00:00','',0,'http://www.l2ocredit.com/2016/01/14/2017-infiniti-q60-coupe-with-shiro-nakamura-naias-motoman-uncut/',0,'post','',0),(1532,0,'2016-03-24 13:15:53','2016-03-24 17:15:53','','2017 Infiniti Q60 Coupe with Shiro Nakamura @ #NAIAS – MOTOMAN UNCUT','','inherit','open','closed','','2017-infiniti-q60-coupe-with-shiro-nakamura-naias-motoman-uncut-2','','','2016-03-24 13:15:53','2016-03-24 17:15:53','',1531,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-infiniti-q60-coupe-with-shiro-nakamura-naias-motoman-uncut-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1533,0,'2016-03-24 13:15:53','2016-03-24 17:15:53','','2017 Infiniti Q60 Coupe with Shiro Nakamura @ #NAIAS – MOTOMAN UNCUT','','inherit','open','closed','','2017-infiniti-q60-coupe-with-shiro-nakamura-naias-motoman-uncut-3','','','2016-03-24 13:15:53','2016-03-24 17:15:53','',1531,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-infiniti-q60-coupe-with-shiro-nakamura-naias-motoman-uncut-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1534,0,'2016-03-24 13:15:54','2016-03-24 17:15:54','','2017 Infiniti Q60 Coupe with Shiro Nakamura @ #NAIAS – MOTOMAN UNCUT','','inherit','open','closed','','2017-infiniti-q60-coupe-with-shiro-nakamura-naias-motoman-uncut-4','','','2016-03-24 13:15:54','2016-03-24 17:15:54','',1531,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-infiniti-q60-coupe-with-shiro-nakamura-naias-motoman-uncut-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1535,1,'2016-01-09 21:31:59','2016-01-09 21:31:59','More videos: http://goo.gl/Kj1FlI\nAlex\'s Favorite Cars: http://goo.gl/uGSNLI\nUpcoming reviews: http://goo.gl/pLtP6U\nAOA on Facebook: http://goo.gl/a47Cu1\n\nThe Mountain Garden: http://goo.gl/icFWcd','2016 Audi TT Roadster Review and Road Test - DETAILED in 4K UHD','','publish','open','open','','2016-audi-tt-roadster-review-and-road-test-detailed-in-4k-uhd','','','2016-01-09 21:31:59','2016-01-09 21:31:59','',0,'http://www.l2ocredit.com/2016/01/09/2016-audi-tt-roadster-review-and-road-test-detailed-in-4k-uhd/',0,'post','',0),(1536,0,'2016-03-24 13:31:36','2016-03-24 17:31:36','','2016 Audi TT Roadster Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-audi-tt-roadster-review-and-road-test-detailed-in-4k-uhd-2','','','2016-03-24 13:31:36','2016-03-24 17:31:36','',1535,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-audi-tt-roadster-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1537,0,'2016-03-24 13:31:36','2016-03-24 17:31:36','','2016 Audi TT Roadster Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-audi-tt-roadster-review-and-road-test-detailed-in-4k-uhd-2','','','2016-03-24 13:31:36','2016-03-24 17:31:36','',1535,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-audi-tt-roadster-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1538,0,'2016-03-24 13:31:36','2016-03-24 17:31:36','','2016 Audi TT Roadster Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-audi-tt-roadster-review-and-road-test-detailed-in-4k-uhd-3','','','2016-03-24 13:31:36','2016-03-24 17:31:36','',1535,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-audi-tt-roadster-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1539,1,'2015-11-24 16:00:01','2015-11-24 16:00:01','Is the Volkswagen GLI just a grown-up hot hatch with a trunk? http://wp.me/p3LQCT-XAS\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','Car Review | 2016 Volkswagen Jetta GLI | Driving.ca','','publish','open','open','','car-review-2016-volkswagen-jetta-gli-driving-ca','','','2015-11-24 16:00:01','2015-11-24 16:00:01','',0,'http://www.l2ocredit.com/2015/11/24/car-review-2016-volkswagen-jetta-gli-driving-ca/',0,'post','',0),(1540,0,'2016-03-24 13:55:16','2016-03-24 17:55:16','','Car Review | 2016 Volkswagen Jetta GLI | Driving.ca','','inherit','open','closed','','car-review-2016-volkswagen-jetta-gli-driving-ca-2','','','2016-03-24 13:55:16','2016-03-24 17:55:16','',1539,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-volkswagen-jetta-gli-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1541,0,'2016-03-24 13:55:16','2016-03-24 17:55:16','','Car Review | 2016 Volkswagen Jetta GLI | Driving.ca','','inherit','open','closed','','car-review-2016-volkswagen-jetta-gli-driving-ca-2','','','2016-03-24 13:55:16','2016-03-24 17:55:16','',1539,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-volkswagen-jetta-gli-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1542,0,'2016-03-24 13:55:16','2016-03-24 17:55:16','','Car Review | 2016 Volkswagen Jetta GLI | Driving.ca','','inherit','open','closed','','car-review-2016-volkswagen-jetta-gli-driving-ca-3','','','2016-03-24 13:55:16','2016-03-24 17:55:16','',1539,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-volkswagen-jetta-gli-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1543,0,'2016-03-24 13:55:16','2016-03-24 17:55:16','','Car Review | 2016 Volkswagen Jetta GLI | Driving.ca','','inherit','open','closed','','car-review-2016-volkswagen-jetta-gli-driving-ca-4','','','2016-03-24 13:55:16','2016-03-24 17:55:16','',1539,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-volkswagen-jetta-gli-driving-ca-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1544,1,'2015-08-04 15:16:03','2015-08-04 15:16:03','After a lengthy wait, Volvo delivers the most Swedish vehicle in memory.','2016 Volvo XC90 Inscription','','publish','open','open','','2016-volvo-xc90-inscription','','','2015-08-04 15:16:03','2015-08-04 15:16:03','',0,'http://www.l2ocredit.com/2015/08/04/2016-volvo-xc90-inscription/',0,'post','',0),(1545,0,'2016-03-24 14:10:16','2016-03-24 18:10:16','','2016 Volvo XC90 Inscription','','inherit','open','closed','','2016-volvo-xc90-inscription-2','','','2016-03-24 14:10:16','2016-03-24 18:10:16','',1544,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-volvo-xc90-inscription-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1546,0,'2016-03-24 14:10:16','2016-03-24 18:10:16','','2016 Volvo XC90 Inscription','','inherit','open','closed','','2016-volvo-xc90-inscription-3','','','2016-03-24 14:10:16','2016-03-24 18:10:16','',1544,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-volvo-xc90-inscription-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1547,1,'2015-11-19 22:31:01','2015-11-19 22:31:01','The Toyota Tacoma compact pickup truck is the best seller in its class. Toyota made some major changes for this all-new 2016 model.  The Toyota Tacoma is the best selling mid-sized pickup truck, outselling all other small and mid-sized trucks.\n\n\nCompetitors to the Toyota Tacoma are the Nissan Frontier, GMC Canyon, Chevrolet Colorado, Chevy Colorado, Honda Ridgeline, Chevy Silverado, Chevrolet Silverado, Ford Ranger, Ford F-150, GMC Sierra, RAM, Dodge Ram, Ram Powerwagon, Toyota Tundra.\n\n\nTwitter: https://twitter.com/MotormouthCDN\nFacebook: http://tinyurl.com/motormouthfb\nMotormouth: http://www.motormouth.ca/\nSubscribe: http://tinyurl.com/motormouthsubscribe\nZack Spencer\nZach Spencer\nCanadian Car Review\nMotormouth Canada','2016 Toyota Tacoma Review with Pricing','','publish','open','open','','2016-toyota-tacoma-review-with-pricing','','','2015-11-19 22:31:01','2015-11-19 22:31:01','',0,'http://www.l2ocredit.com/2015/11/19/2016-toyota-tacoma-review-with-pricing/',0,'post','',0),(1548,0,'2016-03-24 14:27:49','2016-03-24 18:27:49','','2016 Toyota Tacoma Review with Pricing','','inherit','open','closed','','2016-toyota-tacoma-review-with-pricing-2','','','2016-03-24 14:27:49','2016-03-24 18:27:49','',1547,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-tacoma-review-with-pricing-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1549,0,'2016-03-24 14:27:49','2016-03-24 18:27:49','','2016 Toyota Tacoma Review with Pricing','','inherit','open','closed','','2016-toyota-tacoma-review-with-pricing-3','','','2016-03-24 14:27:49','2016-03-24 18:27:49','',1547,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-tacoma-review-with-pricing-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1550,1,'2016-01-28 20:09:35','2016-01-28 20:09:35','Like Us on Facebook! https://www.facebook.com/pages/Camerons-Car-Reviews/349462695066112?ref=hl \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews \nCamerons Car Reviews Score: 4.5/5','2016 BMW 5 Series (535i) Review 3.0 L 6-Cylinder Turbo | Camerons Car Reviews','','publish','open','open','','2016-bmw-5-series-535i-review-3-0-l-6-cylinder-turbo-camerons-car-reviews','','','2016-01-28 20:09:35','2016-01-28 20:09:35','',0,'http://www.l2ocredit.com/2016/01/28/2016-bmw-5-series-535i-review-3-0-l-6-cylinder-turbo-camerons-car-reviews/',0,'post','',0),(1551,0,'2016-03-24 14:58:34','2016-03-24 18:58:34','','2016 BMW 5 Series (535i) Review 3.0 L 6-Cylinder Turbo | Camerons Car Reviews','','inherit','open','closed','','2016-bmw-5-series-535i-review-3-0-l-6-cylinder-turbo-camerons-car-reviews-2','','','2016-03-24 14:58:34','2016-03-24 18:58:34','',1550,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-5-series-535i-review-3-0-l-6-cylinder-turbo-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1552,0,'2016-03-24 14:58:34','2016-03-24 18:58:34','','2016 BMW 5 Series (535i) Review 3.0 L 6-Cylinder Turbo | Camerons Car Reviews','','inherit','open','closed','','2016-bmw-5-series-535i-review-3-0-l-6-cylinder-turbo-camerons-car-reviews-2','','','2016-03-24 14:58:34','2016-03-24 18:58:34','',1550,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-5-series-535i-review-3-0-l-6-cylinder-turbo-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1553,0,'2016-03-24 14:58:35','2016-03-24 18:58:35','','2016 BMW 5 Series (535i) Review 3.0 L 6-Cylinder Turbo | Camerons Car Reviews','','inherit','open','closed','','2016-bmw-5-series-535i-review-3-0-l-6-cylinder-turbo-camerons-car-reviews-3','','','2016-03-24 14:58:35','2016-03-24 18:58:35','',1550,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-5-series-535i-review-3-0-l-6-cylinder-turbo-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1554,1,'2016-03-24 14:52:47','2016-03-24 18:52:47','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<p>Advisor Jason Pereira will still be using corporate-class funds after September 30.</p>\n<p>A longtime advocate of the structure, Pereira was disappointed by the federal budget’s edict that <a href=\"http://www.advisor.ca/tax/tax-news/mutual-fund-corporations-lose-tax-advantage-202998\">switching will no longer be tax-free.</a></p>\n<p>“The benefits lessen as a result,” says Pereira, partner and senior financial consultant at Woodgate Financial. “But frankly, in terms of the tax deferral, [the funds] are still completely applicable. […] Corporate-class funds let you put off your tax bill.”</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/tax/tax-news/mutual-fund-corporations-lose-tax-advantage-202998\">Mutual fund corporations lose tax advantage</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget affects investors</a></p>\n<p>How does the deferral work?</p>\n<p>The various funds within the mutual fund corporation earn interest, dividends and capital gains. “Ideally, you want to make them all disappear, because that way you’re not paying tax on them,” he says.</p>\n<p>To make that happen, the corporation takes the most highly taxed income first—interest—and uses it to pay expenses. For instance, “interest can pay for a tech fund’s expenses, since it has no income or dividends.”</p>\n<p>Then, capital gains are written off against capital losses. “Dividends are often used to write off expenses in excess of what the interest didn’t cover.” (Dividends and capital gains can also be distributed out to the unitholders, which he says has been common lately.)</p>\n<p>Corporate-class funds also help defer capital gains as a result of turnover. They’re also good for seniors, because they can defer dividend income, which can lead to OAS clawback.</p>\n<p>“We’ve separated the timing of income generation and the timing of taxation. You can plan how much tax someone can pay off their portfolio in any given year.”</p>\n<p>For instance, Pereira says, you could put a high-income earner in corporate class now, and when she retires, she could take capital gains in those years when she has little other income. “It allows us to manage their tax bill more effectively.”</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/news/industry-news/budget-quick-hits-203020\">Budget quick hits</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a></p>\n<h2><strong>What to do now</strong></h2>\n<p>Despite the changes, Pereira will continue recommending corporate-class funds.</p>\n<p>Between now and October 1, he doesn’t expect to make many tweaks. “If there was anyone for whom we’d have to make an allocation shift in the next three years, we may make the move sooner to avoid the taxation issue.”</p>\n<p>And after that, “I’m going to be more cognizant of what someone’s stage in life is. If I had someone I was going to move into an income portfolio in their late 60s, I might do that sooner now, knowing I’d be locked into it.”</p>\n<p>And there’s another option for people who want to ratchet down their risk from, say, 60/40 to 50/50. “The back door is to use a corporate-class T-series fund to take return of capital and then invest that more conservatively.” That is a gradual solution, though, since you can only take back 8% of capital each year.</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/tax/tax-news/consider-t-series-for-tax-efficient-cash-flow-191870\">Consider T-Series for tax-efficient cash flow</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\"> Panel: What does the federal budget mean for you?</a></p>\n<p>“Overall, corporate-class funds still make sense. One of the advantages is gone, but they still live to fight another day.”</p>\n<p><em><a href=\"http://www.advisor.ca/investments/market-insights/dont-panic-about-corporate-class-funds-203105\" >This article was originally published on Advisor.ca</a></em></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don&#8217;t panic about corporate class funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Don’t panic about corporate class funds','<p>Here\'s what industry experts from Advisor.ca have to say</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don&rsquo;t panic about corporate class funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-24 14:52:47','2016-03-24 18:52:47','',0,'http://www.moneysense.ca/?p=150896',0,'post','',0),(1555,1,'2016-03-24 14:52:47','2016-03-24 18:52:47','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<p>Advisor Jason Pereira will still be using corporate-class funds after September 30.</p>\n<p>A longtime advocate of the structure, Pereira was disappointed by the federal budget’s edict that <a href=\"http://www.advisor.ca/tax/tax-news/mutual-fund-corporations-lose-tax-advantage-202998\">switching will no longer be tax-free.</a></p>\n<p>“The benefits lessen as a result,” says Pereira, partner and senior financial consultant at Woodgate Financial. “But frankly, in terms of the tax deferral, [the funds] are still completely applicable. […] Corporate-class funds let you put off your tax bill.”</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/tax/tax-news/mutual-fund-corporations-lose-tax-advantage-202998\">Mutual fund corporations lose tax advantage</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget affects investors</a></p>\n<p>How does the deferral work?</p>\n<p>The various funds within the mutual fund corporation earn interest, dividends and capital gains. “Ideally, you want to make them all disappear, because that way you’re not paying tax on them,” he says.</p>\n<p>To make that happen, the corporation takes the most highly taxed income first—interest—and uses it to pay expenses. For instance, “interest can pay for a tech fund’s expenses, since it has no income or dividends.”</p>\n<p>Then, capital gains are written off against capital losses. “Dividends are often used to write off expenses in excess of what the interest didn’t cover.” (Dividends and capital gains can also be distributed out to the unitholders, which he says has been common lately.)</p>\n<p>Corporate-class funds also help defer capital gains as a result of turnover. They’re also good for seniors, because they can defer dividend income, which can lead to OAS clawback.</p>\n<p>“We’ve separated the timing of income generation and the timing of taxation. You can plan how much tax someone can pay off their portfolio in any given year.”</p>\n<p>For instance, Pereira says, you could put a high-income earner in corporate class now, and when she retires, she could take capital gains in those years when she has little other income. “It allows us to manage their tax bill more effectively.”</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/news/industry-news/budget-quick-hits-203020\">Budget quick hits</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a></p>\n<h2><strong>What to do now</strong></h2>\n<p>Despite the changes, Pereira will continue recommending corporate-class funds.</p>\n<p>Between now and October 1, he doesn’t expect to make many tweaks. “If there was anyone for whom we’d have to make an allocation shift in the next three years, we may make the move sooner to avoid the taxation issue.”</p>\n<p>And after that, “I’m going to be more cognizant of what someone’s stage in life is. If I had someone I was going to move into an income portfolio in their late 60s, I might do that sooner now, knowing I’d be locked into it.”</p>\n<p>And there’s another option for people who want to ratchet down their risk from, say, 60/40 to 50/50. “The back door is to use a corporate-class T-series fund to take return of capital and then invest that more conservatively.” That is a gradual solution, though, since you can only take back 8% of capital each year.</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/tax/tax-news/consider-t-series-for-tax-efficient-cash-flow-191870\">Consider T-Series for tax-efficient cash flow</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\"> Panel: What does the federal budget mean for you?</a></p>\n<p>“Overall, corporate-class funds still make sense. One of the advantages is gone, but they still live to fight another day.”</p>\n<p><em><a href=\"http://www.advisor.ca/investments/market-insights/dont-panic-about-corporate-class-funds-203105\" >This article was originally published on Advisor.ca</a></em></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don&#8217;t panic about corporate class funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Don’t panic about corporate class funds','<p>Here\'s what industry experts from Advisor.ca have to say</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don&rsquo;t panic about corporate class funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-24 14:52:47','2016-03-24 18:52:47','',0,'http://www.moneysense.ca/?p=150896',0,'post','',0),(1556,1,'2016-03-24 14:52:47','2016-03-24 18:52:47','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<p>Advisor Jason Pereira will still be using corporate-class funds after September 30.</p>\n<p>A longtime advocate of the structure, Pereira was disappointed by the federal budget’s edict that <a href=\"http://www.advisor.ca/tax/tax-news/mutual-fund-corporations-lose-tax-advantage-202998\">switching will no longer be tax-free.</a></p>\n<p>“The benefits lessen as a result,” says Pereira, partner and senior financial consultant at Woodgate Financial. “But frankly, in terms of the tax deferral, [the funds] are still completely applicable. […] Corporate-class funds let you put off your tax bill.”</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/tax/tax-news/mutual-fund-corporations-lose-tax-advantage-202998\">Mutual fund corporations lose tax advantage</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget affects investors</a></p>\n<p>How does the deferral work?</p>\n<p>The various funds within the mutual fund corporation earn interest, dividends and capital gains. “Ideally, you want to make them all disappear, because that way you’re not paying tax on them,” he says.</p>\n<p>To make that happen, the corporation takes the most highly taxed income first—interest—and uses it to pay expenses. For instance, “interest can pay for a tech fund’s expenses, since it has no income or dividends.”</p>\n<p>Then, capital gains are written off against capital losses. “Dividends are often used to write off expenses in excess of what the interest didn’t cover.” (Dividends and capital gains can also be distributed out to the unitholders, which he says has been common lately.)</p>\n<p>Corporate-class funds also help defer capital gains as a result of turnover. They’re also good for seniors, because they can defer dividend income, which can lead to OAS clawback.</p>\n<p>“We’ve separated the timing of income generation and the timing of taxation. You can plan how much tax someone can pay off their portfolio in any given year.”</p>\n<p>For instance, Pereira says, you could put a high-income earner in corporate class now, and when she retires, she could take capital gains in those years when she has little other income. “It allows us to manage their tax bill more effectively.”</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/news/industry-news/budget-quick-hits-203020\">Budget quick hits</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a></p>\n<h2><strong>What to do now</strong></h2>\n<p>Despite the changes, Pereira will continue recommending corporate-class funds.</p>\n<p>Between now and October 1, he doesn’t expect to make many tweaks. “If there was anyone for whom we’d have to make an allocation shift in the next three years, we may make the move sooner to avoid the taxation issue.”</p>\n<p>And after that, “I’m going to be more cognizant of what someone’s stage in life is. If I had someone I was going to move into an income portfolio in their late 60s, I might do that sooner now, knowing I’d be locked into it.”</p>\n<p>And there’s another option for people who want to ratchet down their risk from, say, 60/40 to 50/50. “The back door is to use a corporate-class T-series fund to take return of capital and then invest that more conservatively.” That is a gradual solution, though, since you can only take back 8% of capital each year.</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/tax/tax-news/consider-t-series-for-tax-efficient-cash-flow-191870\">Consider T-Series for tax-efficient cash flow</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\"> Panel: What does the federal budget mean for you?</a></p>\n<p>“Overall, corporate-class funds still make sense. One of the advantages is gone, but they still live to fight another day.”</p>\n<p><em><a href=\"http://www.advisor.ca/investments/market-insights/dont-panic-about-corporate-class-funds-203105\" >This article was originally published on Advisor.ca</a></em></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don&#8217;t panic about corporate class funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Don’t panic about corporate class funds','<p>Here\'s what industry experts from Advisor.ca have to say</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don&rsquo;t panic about corporate class funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1554-revision-v1','','','2016-03-24 14:52:47','2016-03-24 18:52:47','',1554,'http://feedwordpress.radgeek.com/?rev=1302b27383e7c80b13d1945df57bd2f6',0,'revision','',0),(1557,1,'2016-03-24 14:52:47','2016-03-24 18:52:47','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<p>Advisor Jason Pereira will still be using corporate-class funds after September 30.</p>\n<p>A longtime advocate of the structure, Pereira was disappointed by the federal budget’s edict that <a href=\"http://www.advisor.ca/tax/tax-news/mutual-fund-corporations-lose-tax-advantage-202998\">switching will no longer be tax-free.</a></p>\n<p>“The benefits lessen as a result,” says Pereira, partner and senior financial consultant at Woodgate Financial. “But frankly, in terms of the tax deferral, [the funds] are still completely applicable. […] Corporate-class funds let you put off your tax bill.”</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/tax/tax-news/mutual-fund-corporations-lose-tax-advantage-202998\">Mutual fund corporations lose tax advantage</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget affects investors</a></p>\n<p>How does the deferral work?</p>\n<p>The various funds within the mutual fund corporation earn interest, dividends and capital gains. “Ideally, you want to make them all disappear, because that way you’re not paying tax on them,” he says.</p>\n<p>To make that happen, the corporation takes the most highly taxed income first—interest—and uses it to pay expenses. For instance, “interest can pay for a tech fund’s expenses, since it has no income or dividends.”</p>\n<p>Then, capital gains are written off against capital losses. “Dividends are often used to write off expenses in excess of what the interest didn’t cover.” (Dividends and capital gains can also be distributed out to the unitholders, which he says has been common lately.)</p>\n<p>Corporate-class funds also help defer capital gains as a result of turnover. They’re also good for seniors, because they can defer dividend income, which can lead to OAS clawback.</p>\n<p>“We’ve separated the timing of income generation and the timing of taxation. You can plan how much tax someone can pay off their portfolio in any given year.”</p>\n<p>For instance, Pereira says, you could put a high-income earner in corporate class now, and when she retires, she could take capital gains in those years when she has little other income. “It allows us to manage their tax bill more effectively.”</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/news/industry-news/budget-quick-hits-203020\">Budget quick hits</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/the-key-takeaway-from-the-federal-budget/\">The key takeaway from the federal budget</a></p>\n<h2><strong>What to do now</strong></h2>\n<p>Despite the changes, Pereira will continue recommending corporate-class funds.</p>\n<p>Between now and October 1, he doesn’t expect to make many tweaks. “If there was anyone for whom we’d have to make an allocation shift in the next three years, we may make the move sooner to avoid the taxation issue.”</p>\n<p>And after that, “I’m going to be more cognizant of what someone’s stage in life is. If I had someone I was going to move into an income portfolio in their late 60s, I might do that sooner now, knowing I’d be locked into it.”</p>\n<p>And there’s another option for people who want to ratchet down their risk from, say, 60/40 to 50/50. “The back door is to use a corporate-class T-series fund to take return of capital and then invest that more conservatively.” That is a gradual solution, though, since you can only take back 8% of capital each year.</p>\n<p><strong>Read: </strong><a href=\"http://www.advisor.ca/tax/tax-news/consider-t-series-for-tax-efficient-cash-flow-191870\">Consider T-Series for tax-efficient cash flow</a></p>\n<p><strong>Read: </strong><a href=\"http://www.moneysense.ca/news/panel-what-does-the-federal-budget-mean-for-you/\"> Panel: What does the federal budget mean for you?</a></p>\n<p>“Overall, corporate-class funds still make sense. One of the advantages is gone, but they still live to fight another day.”</p>\n<p><em><a href=\"http://www.advisor.ca/investments/market-insights/dont-panic-about-corporate-class-funds-203105\" >This article was originally published on Advisor.ca</a></em></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don&#8217;t panic about corporate class funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Don’t panic about corporate class funds','<p>Here\'s what industry experts from Advisor.ca have to say</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don&rsquo;t panic about corporate class funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1555-revision-v1','','','2016-03-24 14:52:47','2016-03-24 18:52:47','',1555,'http://feedwordpress.radgeek.com/?rev=1302b27383e7c80b13d1945df57bd2f6',0,'revision','',0),(1558,1,'2016-03-23 06:15:57','2016-03-23 10:15:57','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The federal budget made some important tax changes for families.  The good news is that the much rumoured increase to the capital gains inclusions rate did not come to fruition in this budget,  and the anticipated changes to stock option benefits have been deferred for now. But if you’ve invested in corporate class mutual funds, you&#8217;ll want to do any switching between funds on a tax-free basis now until September as that special tax-free treatment will disappear.</p>\n<p>Charities will also wince at the cancellation of a provision expected to begin in 2017, introduced in the last budget. That is, the donation of sales proceeds from a qualifying private corporate or real estate dispositions will no longer qualify for a capital gains exemption if proceeds are donated to charity.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat and our experts will answer</a></p>\n<p><strong>Tool:</strong> <a href=\"http://www.budget.gc.ca/2016/tool-outil/ccb-ace-en.html\" >Finance Canada has a nifty calculator that determines your benefits</a></p>\n<p>Families will be happy with the introduction of the <strong>Canada Child Benefit (CCB)</strong>, which is a refundable credit based on family net income. Specifically, the new CCB provides a maximum benefit of $6400 per child under age of six and $5400 per child age six to 17.</p>\n<p>How much you get is based on 2015 family net income, which is determined on the tax return (2015) currently being filed.  So be sure to dig for every deduction that reduces your net income on Line 236.  Also, a tip for the future:  RRSP planning for families is extremely important as clawback zones can bring marginal tax rates well over 50% in some cases:</p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"2\">Current Clawback Rules</td>\n</tr>\n<tr>\n<td>Income</td>\n<td>MTR(tax)</td>\n<td>MTR with clawbacks</td>\n</tr>\n<tr>\n<td>$30,000</td>\n<td>20.05%</td>\n<td>20.05%</td>\n</tr>\n<tr>\n<td>$40,000</td>\n<td>20.05%</td>\n<td>40.10%</td>\n</tr>\n<tr>\n<td><strong>$50,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$60,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$70,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$80,000</strong></td>\n<td><strong>31.48%</strong></td>\n<td><strong>72.48%</strong></td>\n</tr>\n<tr>\n<td><strong>$90,000</strong></td>\n<td><strong>37.91%</strong></td>\n<td><strong>58.41%</strong></td>\n</tr>\n<tr>\n<td><strong>$100,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td><strong>$110,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td>$120,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$130,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$140,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$150,000</td>\n<td>46.41%</td>\n<td>46.41%</td>\n</tr>\n<tr>\n<td>$160,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$170,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$180,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$190,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$200,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td><strong>$210,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000+</strong></td>\n<td><strong>53.53%</strong></td>\n<td><strong>53.53%</strong></td>\n</tr>\n</tbody>\n</table>\n<p>Do refugees get the benefits?  Foreign-born individuals who are Indians and not Canadian citizens and permanent residents under the Immigration and Refugee Protection Act may legally reside in Canada and receive the CCB. A new limitation is being introduced with regard to eligibility for retroactive payments. Currently individuals may apply for CCTB and Universal Child Care Benefit (UCCB) as far back as the introduction of the programs. Income-tax based credits, however, are limited to a 10-year limitation. Retroactive application of UCCB and CTB will align after 2016, to the 10-year limitation.</p>\n<p>Unfortunately, there is no non-refundable tax credit for minor children for those who do not qualify for the income-tested benefits. This was removed when the previous government introduced the UCCB enhancements and the Family Tax Cut.</p>\n<p>Other non-refundable tax credits will be removed as well:  the education/textbook amounts will disappear, as will the refundable children’s fitness credit.</p>\n<p><strong>Read:</strong> <a href=\"http://www.macleans.ca/politics/ottawa/child-care-benefit-as-promised/\" >Is the Canada Child Benefit fair?</a></p>\n<h3><strong>The Canada Child Benefit: See how it affects you </strong></h3>\n<p>The changes the Liberal government has introduced for families has varying result, depending on family net income, how many children the family has, and whether they are under six or six to 17. We did some calculations at Knowledge Bureau to see how families fare in 2016.</p>\n<p>The key learnings are that while middle-income families are generously rewarded with the combination of tax rate reductions and enhanced refundable tax credits, but their marginal tax rates increase significantly as incomes rise to an upper middle class range:  50% for income levels between $70,000 and $80,000 and over<strong> 67% </strong>for income levels between $90,000 and $120,000.<strong> </strong>This makes RRSP planning a must for those families in order to reduce family net income below the $70,000 threshold.</p>\n<p>Let’s look now at the effects of the changes on a low-income family. In this case, net family income is $30,000 and there are three little children in the family – each under six:</p>\n<p><strong>Scenario: Ontario family has three children under 6 and family net income of $30,000</strong></p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"3\">Both work ($15K each)</td>\n<td colspan=\"3\">One Works ($30K)</td>\n</tr>\n<tr>\n<td></td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n</tr>\n<tr>\n<td>Earned Income</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n</tr>\n<tr>\n<td>&#8211; Federal Tax</td>\n<td>1,318</td>\n<td>454</td>\n<td>+864</td>\n<td>1,466</td>\n<td>602</td>\n<td>+864</td>\n</tr>\n<tr>\n<td>&#8211; Provincial Tax</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Net After Tax</td>\n<td>$28,682</td>\n<td>$29,546</td>\n<td>+$864</td>\n<td>$28,534</td>\n<td>$29,398</td>\n<td>+$864</td>\n</tr>\n<tr>\n<td>+ UCCB</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n</tr>\n<tr>\n<td>+ CTB</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n</tr>\n<tr>\n<td>+ GSTC</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n</tr>\n<tr>\n<td>+ Prov CTB</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Total Income</td>\n<td>$48,409</td>\n<td>$53,057</td>\n<td>+$4,648</td>\n<td>$48,261</td>\n<td>$52,909</td>\n<td>+$4,648</td>\n</tr>\n<tr>\n<td>Monthly Income</td>\n<td>$4,034</td>\n<td>$4,421</td>\n<td>+$387</td>\n<td>$4,022</td>\n<td>$4,409</td>\n<td>+$387</td>\n</tr>\n</tbody>\n</table>\n<p><em>Source: Knowledge Bureau, Inc.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Under the new rules a low-income family with three children will be better off by almost $400 per month.</li>\n<li>This family has after-tax income of $4,409 per month.</li>\n<li>Whether single-earner or two working spouses makes little difference.</li>\n<li>The tax system added 75% to earned income under the new rules with one earner.</li>\n</ul>\n<h3>Higher Income Earners</h3>\n<p>Now let’s take a look at the amount of <strong>Canada Child Benefit</strong> receivable and resulting marginal tax rates at higher income levels. The scenario is the following: Ontario family has three children under 6 and various family net income levels below.  But in this case one spouse is working. First let’s take a look at the old rules:</p>\n<p><strong>Table 1: Old Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"71\">Income</td>\n<td width=\"68\">Income Tax</td>\n<td width=\"67\">UCCB</td>\n<td width=\"67\">CTB</td>\n<td width=\"65\">GSTC</td>\n<td width=\"71\">After Tax</td>\n<td width=\"59\">Effective Tax Rate</td>\n</tr>\n<tr>\n<td width=\"71\">$30,000</td>\n<td width=\"68\">$1,466</td>\n<td width=\"67\">$5,760</td>\n<td width=\"67\">$9,656</td>\n<td width=\"65\">$987</td>\n<td width=\"71\">$44,937</td>\n<td width=\"59\">-50%</td>\n</tr>\n<tr>\n<td width=\"71\">$40,000</td>\n<td width=\"68\">3,406</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">6,140</td>\n<td width=\"65\">652</td>\n<td width=\"71\">$49,146</td>\n<td width=\"59\">-23%</td>\n</tr>\n<tr>\n<td width=\"71\">$50,000</td>\n<td width=\"68\">6,101</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">4,385</td>\n<td width=\"65\">152</td>\n<td width=\"71\">$54,196</td>\n<td width=\"59\">-8%</td>\n</tr>\n<tr>\n<td width=\"71\">$60,000</td>\n<td width=\"68\">9,165</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$60,580</td>\n<td width=\"59\">-1%</td>\n</tr>\n<tr>\n<td width=\"71\">$70,000</td>\n<td width=\"68\">12,280</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$67,065</td>\n<td width=\"59\">+4%</td>\n</tr>\n<tr>\n<td width=\"71\">$80,000</td>\n<td width=\"68\">15,549</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$73,396</td>\n<td width=\"59\">+8%</td>\n</tr>\n<tr>\n<td width=\"71\">$90,000</td>\n<td width=\"68\">19,014</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$79,531</td>\n<td width=\"59\">+12%</td>\n</tr>\n<tr>\n<td width=\"71\">$100,000</td>\n<td width=\"68\">23,268</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$84,877</td>\n<td width=\"59\">+15%</td>\n</tr>\n<tr>\n<td width=\"71\">$110,000</td>\n<td width=\"68\">27,609</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$90,136</td>\n<td width=\"59\">+18%</td>\n</tr>\n<tr>\n<td width=\"71\">$120,000</td>\n<td width=\"68\">31,949</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$95,396</td>\n<td width=\"59\">+21%</td>\n</tr>\n<tr>\n<td width=\"71\">$130,000</td>\n<td width=\"68\">36,291</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$100,654</td>\n<td width=\"59\">+23%</td>\n</tr>\n<tr>\n<td width=\"71\">$140,000</td>\n<td width=\"68\">40,632</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$105,913</td>\n<td width=\"59\">+24%</td>\n</tr>\n<tr>\n<td width=\"71\">$150,000</td>\n<td width=\"68\">45,261</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$110,884</td>\n<td width=\"59\">+26%</td>\n</tr>\n<tr>\n<td width=\"71\">$160,000</td>\n<td width=\"68\">50,058</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">0</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$115,702</td>\n<td width=\"59\">+28%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p>Note that negative figures represent an excess of benefits received over taxes payable. Below, we take a look at what happens under the new rules with our three-child family. We note taxes payable are netted out with eligible refundable tax credits, and compare the results to the old rules.</p>\n<p><strong>Table 2: New Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"67\">Income</td>\n<td width=\"50\">Income Tax</td>\n<td width=\"35\">UCCB</td>\n<td width=\"43\">CCB</td>\n<td width=\"43\">GSTC</td>\n<td width=\"57\">Net Tax</td>\n<td width=\"47\">Effective Tax Rate</td>\n<td width=\"59\">Difference</td>\n<td width=\"29\">% Diff</td>\n<td width=\"46\">MTR</td>\n</tr>\n<tr>\n<td width=\"67\">$30,000</td>\n<td width=\"50\">$602</td>\n<td width=\"35\">$0</td>\n<td width=\"43\">$19,200</td>\n<td width=\"43\">$987</td>\n<td width=\"57\">$49,585</td>\n<td width=\"47\">-65%</td>\n<td width=\"59\">$4,648</td>\n<td width=\"29\">15%</td>\n<td width=\"46\">15%</td>\n</tr>\n<tr>\n<td width=\"67\">$40,000</td>\n<td width=\"50\">3,406</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$17,300</td>\n<td width=\"43\">652</td>\n<td width=\"57\">$54,546</td>\n<td width=\"47\">-36%</td>\n<td width=\"59\">$5,400</td>\n<td width=\"29\">14%</td>\n<td width=\"46\">43.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$50,000</td>\n<td width=\"50\">6,030</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$15,400</td>\n<td width=\"43\">152</td>\n<td width=\"57\">$59,522</td>\n<td width=\"47\">-19%</td>\n<td width=\"59\">$5,326</td>\n<td width=\"29\">11%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$60,000</td>\n<td width=\"50\">8,944</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$13,500</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$64,556</td>\n<td width=\"47\">-8%</td>\n<td width=\"59\">$3,976</td>\n<td width=\"29\">7%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$70,000</td>\n<td width=\"50\">11,909</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$12,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$70,241</td>\n<td width=\"47\">0%</td>\n<td width=\"59\">$3,176</td>\n<td width=\"29\">5%</td>\n<td width=\"46\">37.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$80,000</td>\n<td width=\"50\">15,028</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$11,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$76,322</td>\n<td width=\"47\">5%</td>\n<td width=\"59\">$2,926</td>\n<td width=\"29\">4%</td>\n<td width=\"46\">39.48%</td>\n</tr>\n<tr>\n<td width=\"67\">$90,000</td>\n<td width=\"50\">18,343</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$10,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$82,207</td>\n<td width=\"47\">9%</td>\n<td width=\"59\">$2,676</td>\n<td width=\"29\">3%</td>\n<td width=\"46\">45.91%</td>\n</tr>\n<tr>\n<td width=\"67\">$100,000</td>\n<td width=\"50\">22,588</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$9,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$87,162</td>\n<td width=\"47\">13%</td>\n<td width=\"59\">$2,285</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$110,000</td>\n<td width=\"50\">26,929</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$92,021</td>\n<td width=\"47\">16%</td>\n<td width=\"59\">$1,885</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$120,000</td>\n<td width=\"50\">31,370</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$96,780</td>\n<td width=\"47\">19%</td>\n<td width=\"59\">$1,384</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$130,000</td>\n<td width=\"50\">35,611</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$7,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$101,739</td>\n<td width=\"47\">22%</td>\n<td width=\"59\">$1,085</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$140,000</td>\n<td width=\"50\">39,952</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$6,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$106,598</td>\n<td width=\"47\">24%</td>\n<td width=\"59\">$685</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$150,000</td>\n<td width=\"50\">44,582</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$5,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$111,168</td>\n<td width=\"47\">26%</td>\n<td width=\"59\">$284</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n<tr>\n<td width=\"67\">$160,000</td>\n<td width=\"50\">49,379</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$4,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$115,571</td>\n<td width=\"47\">28%</td>\n<td width=\"59\">-$131</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Family net income can be as high as $70,000 before any net tax is paid (that is, taxes payable less refundable credits received)</li>\n<li>When this family’s income reaches $160,000 it is evident that the UCCB provided more money. In addition the family’s marginal tax rate is quite high, when the clawback of the CCB is taken into account</li>\n<li>However, while high income earners received more benefits under the UCCB regime, the Canada Child Benefit delivers at least some dollars to a broader number of high income families, as illustrated with the high income cut off chart below. In fact, marginal tax rates are over 50% for income levels exceed $100,000 when we take the clawbacks into account. That makes RRSP planning important for families. The deduction of the contribution will help to reduce family net income levels. Child care expense deductions and carry charges on investments are examples of two other deductions that reduce family net income</li>\n</ul>\n<h3>High Income Cut Offs for Canada Child Benefit</h3>\n<p>The following table shows the income level at which the CCB will be eliminated for various families. The full benefit is only received up to family net income of $30,000 but the benefit is available over a surprisingly large income range.</p>\n<table>\n<tbody>\n<tr>\n<td><strong>Ages of Children</strong></td>\n<td><strong>Income Cut-Off</strong></td>\n</tr>\n<tr>\n<td>1 child under 6</td>\n<td>$188,437</td>\n</tr>\n<tr>\n<td>1 child over 6</td>\n<td>$157,187</td>\n</tr>\n<tr>\n<td>2 children, both under 6</td>\n<td>$206,667</td>\n</tr>\n<tr>\n<td>2 children, one under 6</td>\n<td>$189,123</td>\n</tr>\n<tr>\n<td>2 children, both over 5</td>\n<td>$171,579</td>\n</tr>\n<tr>\n<td>3 children all under 6</td>\n<td>$221,875</td>\n</tr>\n<tr>\n<td>3 children, two under 6</td>\n<td>$209,375</td>\n</tr>\n<tr>\n<td>3 children, one under 6</td>\n<td>$196,875</td>\n</tr>\n<tr>\n<td>3 children, all over 5</td>\n<td>$184,375</td>\n</tr>\n<tr>\n<td>4 children, all under 6</td>\n<td>$249,737</td>\n</tr>\n<tr>\n<td>4 children, three under 6</td>\n<td>$239,211</td>\n</tr>\n<tr>\n<td>4 children, two under 6</td>\n<td>$228,684</td>\n</tr>\n<tr>\n<td>4 children, one under 6</td>\n<td>$218,158</td>\n</tr>\n<tr>\n<td>4 children, all over 5</td>\n<td>$207,631</td>\n</tr>\n</tbody>\n</table>\n<h3>Single Child Families</h3>\n<p>In the following scenarios, we take a look at the results under old and new rules that focus on the removal of the UCCB in favour of the CCB and the net results for families at $30,000, $60,000 and $120,000.  In this case, there is only one child.</p>\n<table>\n<tbody>\n<tr>\n<td rowspan=\"2\"><strong>Family </strong></p>\n<p><strong>Income</strong></td>\n<td rowspan=\"2\"><strong>One</strong></p>\n<p><strong>Child</strong></td>\n<td colspan=\"4\"><strong>Old Rules</strong></td>\n<td colspan=\"4\"><strong>New Rules</strong></td>\n<td><strong> </strong></td>\n</tr>\n<tr>\n<td><strong>Income Tax</strong></td>\n<td><strong>CTB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Income Tax</strong></td>\n<td><strong>CCB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Difference</strong></td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$1,920</td>\n<td>$33,808</td>\n<td>$602</td>\n<td>$6,400</td>\n<td>$   &#8211;</td>\n<td>$35,798</td>\n<td>$1,990</td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$720</td>\n<td>$32,608</td>\n<td>$602</td>\n<td>$5,400</td>\n<td>$   &#8211;</td>\n<td>$34,798</td>\n<td>$2,190</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$9,506</td>\n<td>$1,195</td>\n<td>$1,920</td>\n<td>$53,609</td>\n<td>$     8,944</td>\n<td>$   4,300</td>\n<td>$     &#8211;</td>\n<td>$   55,356</td>\n<td>$1,747</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$9,273</td>\n<td>$1,195</td>\n<td>$720</td>\n<td>$52,409</td>\n<td>$     8,944</td>\n<td>$   3,300</td>\n<td>$     &#8211;</td>\n<td>$ 54,356</td>\n<td>$1,947</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$32,322</td>\n<td>$0</td>\n<td>$1,920</td>\n<td>$89,598</td>\n<td>$ 31,270</td>\n<td>$ 2,190</td>\n<td>$     &#8211;</td>\n<td>$   90,920</td>\n<td>$1,322</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$32,058</td>\n<td>$0</td>\n<td>$720</td>\n<td>$88,398</td>\n<td>$ 31,270</td>\n<td>$   1,190</td>\n<td>$     &#8211;</td>\n<td>$   89,920</td>\n<td>$1,522</td>\n</tr>\n</tbody>\n</table>\n<p>Of note is the fact that single-child families are better off with one child under the new rules at either age and across large income ranges. And that’s certainly good news!</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','The winners and losers of the Canada Child Benefit','<p>Our tax expert crunches the numbers </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1014-revision-v1','','','2016-03-23 06:15:57','2016-03-23 10:15:57','',1014,'http://feedwordpress.radgeek.com/?rev=bb49509bd179cd081dda4ed38de13bb2',0,'revision','',0),(1559,1,'2016-03-23 06:15:57','2016-03-23 10:15:57','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>The federal budget made some important tax changes for families.  The good news is that the much rumoured increase to the capital gains inclusions rate did not come to fruition in this budget,  and the anticipated changes to stock option benefits have been deferred for now. But if you’ve invested in corporate class mutual funds, you&#8217;ll want to do any switching between funds on a tax-free basis now until September as that special tax-free treatment will disappear.</p>\n<p>Charities will also wince at the cancellation of a provision expected to begin in 2017, introduced in the last budget. That is, the donation of sales proceeds from a qualifying private corporate or real estate dispositions will no longer qualify for a capital gains exemption if proceeds are donated to charity.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat and our experts will answer</a></p>\n<p><strong>Tool:</strong> <a href=\"http://www.budget.gc.ca/2016/tool-outil/ccb-ace-en.html\" >Finance Canada has a nifty calculator that determines your benefits</a></p>\n<p>Families will be happy with the introduction of the <strong>Canada Child Benefit (CCB)</strong>, which is a refundable credit based on family net income. Specifically, the new CCB provides a maximum benefit of $6400 per child under age of six and $5400 per child age six to 17.</p>\n<p>How much you get is based on 2015 family net income, which is determined on the tax return (2015) currently being filed.  So be sure to dig for every deduction that reduces your net income on Line 236.  Also, a tip for the future:  RRSP planning for families is extremely important as clawback zones can bring marginal tax rates well over 50% in some cases:</p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"2\">Current Clawback Rules</td>\n</tr>\n<tr>\n<td>Income</td>\n<td>MTR(tax)</td>\n<td>MTR with clawbacks</td>\n</tr>\n<tr>\n<td>$30,000</td>\n<td>20.05%</td>\n<td>20.05%</td>\n</tr>\n<tr>\n<td>$40,000</td>\n<td>20.05%</td>\n<td>40.10%</td>\n</tr>\n<tr>\n<td><strong>$50,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$60,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$70,000</strong></td>\n<td><strong>29.65%</strong></td>\n<td><strong>51.15%</strong></td>\n</tr>\n<tr>\n<td><strong>$80,000</strong></td>\n<td><strong>31.48%</strong></td>\n<td><strong>72.48%</strong></td>\n</tr>\n<tr>\n<td><strong>$90,000</strong></td>\n<td><strong>37.91%</strong></td>\n<td><strong>58.41%</strong></td>\n</tr>\n<tr>\n<td><strong>$100,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td><strong>$110,000</strong></td>\n<td><strong>43.41%</strong></td>\n<td><strong>63.91%</strong></td>\n</tr>\n<tr>\n<td>$120,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$130,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$140,000</td>\n<td>43.41%</td>\n<td>43.41%</td>\n</tr>\n<tr>\n<td>$150,000</td>\n<td>46.41%</td>\n<td>46.41%</td>\n</tr>\n<tr>\n<td>$160,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$170,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$180,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$190,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td>$200,000</td>\n<td>47.97%</td>\n<td>47.97%</td>\n</tr>\n<tr>\n<td><strong>$210,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000</strong></td>\n<td><strong>51.97%</strong></td>\n<td><strong>51.97%</strong></td>\n</tr>\n<tr>\n<td><strong>$220,000+</strong></td>\n<td><strong>53.53%</strong></td>\n<td><strong>53.53%</strong></td>\n</tr>\n</tbody>\n</table>\n<p>Do refugees get the benefits?  Foreign-born individuals who are Indians and not Canadian citizens and permanent residents under the Immigration and Refugee Protection Act may legally reside in Canada and receive the CCB. A new limitation is being introduced with regard to eligibility for retroactive payments. Currently individuals may apply for CCTB and Universal Child Care Benefit (UCCB) as far back as the introduction of the programs. Income-tax based credits, however, are limited to a 10-year limitation. Retroactive application of UCCB and CTB will align after 2016, to the 10-year limitation.</p>\n<p>Unfortunately, there is no non-refundable tax credit for minor children for those who do not qualify for the income-tested benefits. This was removed when the previous government introduced the UCCB enhancements and the Family Tax Cut.</p>\n<p>Other non-refundable tax credits will be removed as well:  the education/textbook amounts will disappear, as will the refundable children’s fitness credit.</p>\n<p><strong>Read:</strong> <a href=\"http://www.macleans.ca/politics/ottawa/child-care-benefit-as-promised/\" >Is the Canada Child Benefit fair?</a></p>\n<h3><strong>The Canada Child Benefit: See how it affects you </strong></h3>\n<p>The changes the Liberal government has introduced for families has varying result, depending on family net income, how many children the family has, and whether they are under six or six to 17. We did some calculations at Knowledge Bureau to see how families fare in 2016.</p>\n<p>The key learnings are that while middle-income families are generously rewarded with the combination of tax rate reductions and enhanced refundable tax credits, but their marginal tax rates increase significantly as incomes rise to an upper middle class range:  50% for income levels between $70,000 and $80,000 and over<strong> 67% </strong>for income levels between $90,000 and $120,000.<strong> </strong>This makes RRSP planning a must for those families in order to reduce family net income below the $70,000 threshold.</p>\n<p>Let’s look now at the effects of the changes on a low-income family. In this case, net family income is $30,000 and there are three little children in the family – each under six:</p>\n<p><strong>Scenario: Ontario family has three children under 6 and family net income of $30,000</strong></p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"3\">Both work ($15K each)</td>\n<td colspan=\"3\">One Works ($30K)</td>\n</tr>\n<tr>\n<td></td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n<td>Old Rules</td>\n<td>New Rules</td>\n<td>Difference</td>\n</tr>\n<tr>\n<td>Earned Income</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n<td>$30,000</td>\n<td>$30,000</td>\n<td>$0</td>\n</tr>\n<tr>\n<td>&#8211; Federal Tax</td>\n<td>1,318</td>\n<td>454</td>\n<td>+864</td>\n<td>1,466</td>\n<td>602</td>\n<td>+864</td>\n</tr>\n<tr>\n<td>&#8211; Provincial Tax</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Net After Tax</td>\n<td>$28,682</td>\n<td>$29,546</td>\n<td>+$864</td>\n<td>$28,534</td>\n<td>$29,398</td>\n<td>+$864</td>\n</tr>\n<tr>\n<td>+ UCCB</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n<td>5,760</td>\n<td>0</td>\n<td>-5,760</td>\n</tr>\n<tr>\n<td>+ CTB</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n<td>9,656</td>\n<td>19,200</td>\n<td>+9,544</td>\n</tr>\n<tr>\n<td>+ GSTC</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n<td>987</td>\n<td>987</td>\n<td>0</td>\n</tr>\n<tr>\n<td>+ Prov CTB</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n<td>3,324</td>\n<td>3,324</td>\n<td>0</td>\n</tr>\n<tr>\n<td>= Total Income</td>\n<td>$48,409</td>\n<td>$53,057</td>\n<td>+$4,648</td>\n<td>$48,261</td>\n<td>$52,909</td>\n<td>+$4,648</td>\n</tr>\n<tr>\n<td>Monthly Income</td>\n<td>$4,034</td>\n<td>$4,421</td>\n<td>+$387</td>\n<td>$4,022</td>\n<td>$4,409</td>\n<td>+$387</td>\n</tr>\n</tbody>\n</table>\n<p><em>Source: Knowledge Bureau, Inc.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Under the new rules a low-income family with three children will be better off by almost $400 per month.</li>\n<li>This family has after-tax income of $4,409 per month.</li>\n<li>Whether single-earner or two working spouses makes little difference.</li>\n<li>The tax system added 75% to earned income under the new rules with one earner.</li>\n</ul>\n<h3>Higher Income Earners</h3>\n<p>Now let’s take a look at the amount of <strong>Canada Child Benefit</strong> receivable and resulting marginal tax rates at higher income levels. The scenario is the following: Ontario family has three children under 6 and various family net income levels below.  But in this case one spouse is working. First let’s take a look at the old rules:</p>\n<p><strong>Table 1: Old Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"71\">Income</td>\n<td width=\"68\">Income Tax</td>\n<td width=\"67\">UCCB</td>\n<td width=\"67\">CTB</td>\n<td width=\"65\">GSTC</td>\n<td width=\"71\">After Tax</td>\n<td width=\"59\">Effective Tax Rate</td>\n</tr>\n<tr>\n<td width=\"71\">$30,000</td>\n<td width=\"68\">$1,466</td>\n<td width=\"67\">$5,760</td>\n<td width=\"67\">$9,656</td>\n<td width=\"65\">$987</td>\n<td width=\"71\">$44,937</td>\n<td width=\"59\">-50%</td>\n</tr>\n<tr>\n<td width=\"71\">$40,000</td>\n<td width=\"68\">3,406</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">6,140</td>\n<td width=\"65\">652</td>\n<td width=\"71\">$49,146</td>\n<td width=\"59\">-23%</td>\n</tr>\n<tr>\n<td width=\"71\">$50,000</td>\n<td width=\"68\">6,101</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">4,385</td>\n<td width=\"65\">152</td>\n<td width=\"71\">$54,196</td>\n<td width=\"59\">-8%</td>\n</tr>\n<tr>\n<td width=\"71\">$60,000</td>\n<td width=\"68\">9,165</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$60,580</td>\n<td width=\"59\">-1%</td>\n</tr>\n<tr>\n<td width=\"71\">$70,000</td>\n<td width=\"68\">12,280</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$67,065</td>\n<td width=\"59\">+4%</td>\n</tr>\n<tr>\n<td width=\"71\">$80,000</td>\n<td width=\"68\">15,549</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">3,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$73,396</td>\n<td width=\"59\">+8%</td>\n</tr>\n<tr>\n<td width=\"71\">$90,000</td>\n<td width=\"68\">19,014</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$79,531</td>\n<td width=\"59\">+12%</td>\n</tr>\n<tr>\n<td width=\"71\">$100,000</td>\n<td width=\"68\">23,268</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">2,385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$84,877</td>\n<td width=\"59\">+15%</td>\n</tr>\n<tr>\n<td width=\"71\">$110,000</td>\n<td width=\"68\">27,609</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,985</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$90,136</td>\n<td width=\"59\">+18%</td>\n</tr>\n<tr>\n<td width=\"71\">$120,000</td>\n<td width=\"68\">31,949</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,585</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$95,396</td>\n<td width=\"59\">+21%</td>\n</tr>\n<tr>\n<td width=\"71\">$130,000</td>\n<td width=\"68\">36,291</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">1,185</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$100,654</td>\n<td width=\"59\">+23%</td>\n</tr>\n<tr>\n<td width=\"71\">$140,000</td>\n<td width=\"68\">40,632</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">785</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$105,913</td>\n<td width=\"59\">+24%</td>\n</tr>\n<tr>\n<td width=\"71\">$150,000</td>\n<td width=\"68\">45,261</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">385</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$110,884</td>\n<td width=\"59\">+26%</td>\n</tr>\n<tr>\n<td width=\"71\">$160,000</td>\n<td width=\"68\">50,058</td>\n<td width=\"67\">5,760</td>\n<td width=\"67\">0</td>\n<td width=\"65\">0</td>\n<td width=\"71\">$115,702</td>\n<td width=\"59\">+28%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p>Note that negative figures represent an excess of benefits received over taxes payable. Below, we take a look at what happens under the new rules with our three-child family. We note taxes payable are netted out with eligible refundable tax credits, and compare the results to the old rules.</p>\n<p><strong>Table 2: New Rules</strong></p>\n<table>\n<tbody>\n<tr>\n<td width=\"67\">Income</td>\n<td width=\"50\">Income Tax</td>\n<td width=\"35\">UCCB</td>\n<td width=\"43\">CCB</td>\n<td width=\"43\">GSTC</td>\n<td width=\"57\">Net Tax</td>\n<td width=\"47\">Effective Tax Rate</td>\n<td width=\"59\">Difference</td>\n<td width=\"29\">% Diff</td>\n<td width=\"46\">MTR</td>\n</tr>\n<tr>\n<td width=\"67\">$30,000</td>\n<td width=\"50\">$602</td>\n<td width=\"35\">$0</td>\n<td width=\"43\">$19,200</td>\n<td width=\"43\">$987</td>\n<td width=\"57\">$49,585</td>\n<td width=\"47\">-65%</td>\n<td width=\"59\">$4,648</td>\n<td width=\"29\">15%</td>\n<td width=\"46\">15%</td>\n</tr>\n<tr>\n<td width=\"67\">$40,000</td>\n<td width=\"50\">3,406</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$17,300</td>\n<td width=\"43\">652</td>\n<td width=\"57\">$54,546</td>\n<td width=\"47\">-36%</td>\n<td width=\"59\">$5,400</td>\n<td width=\"29\">14%</td>\n<td width=\"46\">43.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$50,000</td>\n<td width=\"50\">6,030</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$15,400</td>\n<td width=\"43\">152</td>\n<td width=\"57\">$59,522</td>\n<td width=\"47\">-19%</td>\n<td width=\"59\">$5,326</td>\n<td width=\"29\">11%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$60,000</td>\n<td width=\"50\">8,944</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$13,500</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$64,556</td>\n<td width=\"47\">-8%</td>\n<td width=\"59\">$3,976</td>\n<td width=\"29\">7%</td>\n<td width=\"46\">48.65%</td>\n</tr>\n<tr>\n<td width=\"67\">$70,000</td>\n<td width=\"50\">11,909</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$12,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$70,241</td>\n<td width=\"47\">0%</td>\n<td width=\"59\">$3,176</td>\n<td width=\"29\">5%</td>\n<td width=\"46\">37.15%</td>\n</tr>\n<tr>\n<td width=\"67\">$80,000</td>\n<td width=\"50\">15,028</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$11,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$76,322</td>\n<td width=\"47\">5%</td>\n<td width=\"59\">$2,926</td>\n<td width=\"29\">4%</td>\n<td width=\"46\">39.48%</td>\n</tr>\n<tr>\n<td width=\"67\">$90,000</td>\n<td width=\"50\">18,343</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$10,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$82,207</td>\n<td width=\"47\">9%</td>\n<td width=\"59\">$2,676</td>\n<td width=\"29\">3%</td>\n<td width=\"46\">45.91%</td>\n</tr>\n<tr>\n<td width=\"67\">$100,000</td>\n<td width=\"50\">22,588</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$9,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$87,162</td>\n<td width=\"47\">13%</td>\n<td width=\"59\">$2,285</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$110,000</td>\n<td width=\"50\">26,929</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$92,021</td>\n<td width=\"47\">16%</td>\n<td width=\"59\">$1,885</td>\n<td width=\"29\">2%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$120,000</td>\n<td width=\"50\">31,370</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$8,150</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$96,780</td>\n<td width=\"47\">19%</td>\n<td width=\"59\">$1,384</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$130,000</td>\n<td width=\"50\">35,611</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$7,350</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$101,739</td>\n<td width=\"47\">22%</td>\n<td width=\"59\">$1,085</td>\n<td width=\"29\">1%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$140,000</td>\n<td width=\"50\">39,952</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$6,550</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$106,598</td>\n<td width=\"47\">24%</td>\n<td width=\"59\">$685</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">51.41%</td>\n</tr>\n<tr>\n<td width=\"67\">$150,000</td>\n<td width=\"50\">44,582</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$5,750</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$111,168</td>\n<td width=\"47\">26%</td>\n<td width=\"59\">$284</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n<tr>\n<td width=\"67\">$160,000</td>\n<td width=\"50\">49,379</td>\n<td width=\"35\">0</td>\n<td width=\"43\">$4,950</td>\n<td width=\"43\">0</td>\n<td width=\"57\">$115,571</td>\n<td width=\"47\">28%</td>\n<td width=\"59\">-$131</td>\n<td width=\"29\">0%</td>\n<td width=\"46\">55.97%</td>\n</tr>\n</tbody>\n</table>\n<p><em>©2016 Knowledge Bureau, Inc.  All Rights Reserved.</em></p>\n<p><strong>Conclusions:</strong></p>\n<ul>\n<li>Family net income can be as high as $70,000 before any net tax is paid (that is, taxes payable less refundable credits received)</li>\n<li>When this family’s income reaches $160,000 it is evident that the UCCB provided more money. In addition the family’s marginal tax rate is quite high, when the clawback of the CCB is taken into account</li>\n<li>However, while high income earners received more benefits under the UCCB regime, the Canada Child Benefit delivers at least some dollars to a broader number of high income families, as illustrated with the high income cut off chart below. In fact, marginal tax rates are over 50% for income levels exceed $100,000 when we take the clawbacks into account. That makes RRSP planning important for families. The deduction of the contribution will help to reduce family net income levels. Child care expense deductions and carry charges on investments are examples of two other deductions that reduce family net income</li>\n</ul>\n<h3>High Income Cut Offs for Canada Child Benefit</h3>\n<p>The following table shows the income level at which the CCB will be eliminated for various families. The full benefit is only received up to family net income of $30,000 but the benefit is available over a surprisingly large income range.</p>\n<table>\n<tbody>\n<tr>\n<td><strong>Ages of Children</strong></td>\n<td><strong>Income Cut-Off</strong></td>\n</tr>\n<tr>\n<td>1 child under 6</td>\n<td>$188,437</td>\n</tr>\n<tr>\n<td>1 child over 6</td>\n<td>$157,187</td>\n</tr>\n<tr>\n<td>2 children, both under 6</td>\n<td>$206,667</td>\n</tr>\n<tr>\n<td>2 children, one under 6</td>\n<td>$189,123</td>\n</tr>\n<tr>\n<td>2 children, both over 5</td>\n<td>$171,579</td>\n</tr>\n<tr>\n<td>3 children all under 6</td>\n<td>$221,875</td>\n</tr>\n<tr>\n<td>3 children, two under 6</td>\n<td>$209,375</td>\n</tr>\n<tr>\n<td>3 children, one under 6</td>\n<td>$196,875</td>\n</tr>\n<tr>\n<td>3 children, all over 5</td>\n<td>$184,375</td>\n</tr>\n<tr>\n<td>4 children, all under 6</td>\n<td>$249,737</td>\n</tr>\n<tr>\n<td>4 children, three under 6</td>\n<td>$239,211</td>\n</tr>\n<tr>\n<td>4 children, two under 6</td>\n<td>$228,684</td>\n</tr>\n<tr>\n<td>4 children, one under 6</td>\n<td>$218,158</td>\n</tr>\n<tr>\n<td>4 children, all over 5</td>\n<td>$207,631</td>\n</tr>\n</tbody>\n</table>\n<h3>Single Child Families</h3>\n<p>In the following scenarios, we take a look at the results under old and new rules that focus on the removal of the UCCB in favour of the CCB and the net results for families at $30,000, $60,000 and $120,000.  In this case, there is only one child.</p>\n<table>\n<tbody>\n<tr>\n<td rowspan=\"2\"><strong>Family </strong></p>\n<p><strong>Income</strong></td>\n<td rowspan=\"2\"><strong>One</strong></p>\n<p><strong>Child</strong></td>\n<td colspan=\"4\"><strong>Old Rules</strong></td>\n<td colspan=\"4\"><strong>New Rules</strong></td>\n<td><strong> </strong></td>\n</tr>\n<tr>\n<td><strong>Income Tax</strong></td>\n<td><strong>CTB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Income Tax</strong></td>\n<td><strong>CCB</strong></td>\n<td><strong>UCCB</strong></td>\n<td><strong>Net</strong></td>\n<td><strong>Difference</strong></td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$1,920</td>\n<td>$33,808</td>\n<td>$602</td>\n<td>$6,400</td>\n<td>$   &#8211;</td>\n<td>$35,798</td>\n<td>$1,990</td>\n</tr>\n<tr>\n<td><strong>$30,000</strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$1,466</td>\n<td>$3,354</td>\n<td>$720</td>\n<td>$32,608</td>\n<td>$602</td>\n<td>$5,400</td>\n<td>$   &#8211;</td>\n<td>$34,798</td>\n<td>$2,190</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$9,506</td>\n<td>$1,195</td>\n<td>$1,920</td>\n<td>$53,609</td>\n<td>$     8,944</td>\n<td>$   4,300</td>\n<td>$     &#8211;</td>\n<td>$   55,356</td>\n<td>$1,747</td>\n</tr>\n<tr>\n<td><strong> $60,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$9,273</td>\n<td>$1,195</td>\n<td>$720</td>\n<td>$52,409</td>\n<td>$     8,944</td>\n<td>$   3,300</td>\n<td>$     &#8211;</td>\n<td>$ 54,356</td>\n<td>$1,947</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&lt;6</strong></td>\n<td>$32,322</td>\n<td>$0</td>\n<td>$1,920</td>\n<td>$89,598</td>\n<td>$ 31,270</td>\n<td>$ 2,190</td>\n<td>$     &#8211;</td>\n<td>$   90,920</td>\n<td>$1,322</td>\n</tr>\n<tr>\n<td><strong> $120,000 </strong></td>\n<td><strong>&gt;5</strong></td>\n<td>$32,058</td>\n<td>$0</td>\n<td>$720</td>\n<td>$88,398</td>\n<td>$ 31,270</td>\n<td>$   1,190</td>\n<td>$     &#8211;</td>\n<td>$   89,920</td>\n<td>$1,522</td>\n</tr>\n</tbody>\n</table>\n<p>Of note is the fact that single-child families are better off with one child under the new rules at either age and across large income ranges. And that’s certainly good news!</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','The winners and losers of the Canada Child Benefit','<p>Our tax expert crunches the numbers </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1014-revision-v1','','','2016-03-23 06:15:57','2016-03-23 10:15:57','',1014,'http://feedwordpress.radgeek.com/?rev=bb49509bd179cd081dda4ed38de13bb2',0,'revision','',0),(1560,1,'2016-03-22 19:48:29','2016-03-22 23:48:29','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>On Tuesday afternoon, Finance Minister Bill Morneau tabled his first federal budget in the House of Commons. In many ways it was a big budget (promising a $29.4 billion deficit and a plan to invest $120 billion in infrastructure spending over the next 10 years). There were also a number of line items targeted at Canadian investors. Here are three key ways that Budget 2016 impacts them:</p>\n<h3>No. 1: Investors can expect to pay more tax</h3>\n<p>Budget 2016 aims to close loopholes that some investors use to reduce tax paid to the Canada Revenue Agency (CRA). For instance, it will examine the use of “debt-parking transactions,” used by investors or private corporations in an effort to “preserve the integrity of the foreign exchange computational rules.”</p>\n<p>The Budget will also “prevent the asymmetrical recognition of gains and losses on derivatives for tax purposes,” and “prevent the deferral of capital gains tax by investors in mutual fund corporations structured as switch funds.”</p>\n<p>Also introduced in Budget 2016 is a new rule that would &#8220;effectively treat the portion of any gain realized on the sale of a linked note that is attributable to the variable return on the note as accrued interest on the note.”</p>\n<h3><strong>No. 2: The Labour-Sponsored tax credit will be reinstated</strong></h3>\n<p>Budget 2016 restores the tax credit for share purchases of provincially registered Labour-Sponsored Venture Capital Corporations to 15% for 2016 and subsequent tax years. The aim is to aid small- and medium-sized businesses, by helping them gain access to venture capital and providing federal tax relief of about $815 million through 2020–21.</p>\n<h3><strong>No. 3: The elimination of capital gains tax exemption on donations</strong></h3>\n<p>Last year&#8217;s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','3 ways the federal budget will affect investors','<p>First up: They can expect to pay more tax</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1022-revision-v1','','','2016-03-22 19:48:29','2016-03-22 23:48:29','',1022,'http://feedwordpress.radgeek.com/?rev=64979ff1df274dec31208f08a7d0db63',0,'revision','',0),(1561,1,'2016-03-22 19:48:29','2016-03-22 23:48:29','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>On Tuesday afternoon, Finance Minister Bill Morneau tabled his first federal budget in the House of Commons. In many ways it was a big budget (promising a $29.4 billion deficit and a plan to invest $120 billion in infrastructure spending over the next 10 years). There were also a number of line items targeted at Canadian investors. Here are three key ways that Budget 2016 impacts them:</p>\n<h3>No. 1: Investors can expect to pay more tax</h3>\n<p>Budget 2016 aims to close loopholes that some investors use to reduce tax paid to the Canada Revenue Agency (CRA). For instance, it will examine the use of “debt-parking transactions,” used by investors or private corporations in an effort to “preserve the integrity of the foreign exchange computational rules.”</p>\n<p>The Budget will also “prevent the asymmetrical recognition of gains and losses on derivatives for tax purposes,” and “prevent the deferral of capital gains tax by investors in mutual fund corporations structured as switch funds.”</p>\n<p>Also introduced in Budget 2016 is a new rule that would &#8220;effectively treat the portion of any gain realized on the sale of a linked note that is attributable to the variable return on the note as accrued interest on the note.”</p>\n<h3><strong>No. 2: The Labour-Sponsored tax credit will be reinstated</strong></h3>\n<p>Budget 2016 restores the tax credit for share purchases of provincially registered Labour-Sponsored Venture Capital Corporations to 15% for 2016 and subsequent tax years. The aim is to aid small- and medium-sized businesses, by helping them gain access to venture capital and providing federal tax relief of about $815 million through 2020–21.</p>\n<h3><strong>No. 3: The elimination of capital gains tax exemption on donations</strong></h3>\n<p>Last year&#8217;s budget included a proposal to provide an income  tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017. (To qualify, the cash proceeds from the disposition need to be donated to a registered charity or other qualified donee within 30 days.) Budget 2016 eliminates this tax exemption.</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','3 ways the federal budget will affect investors','<p>First up: They can expect to pay more tax</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\">3 ways the federal budget will affect investors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1022-revision-v1','','','2016-03-22 19:48:29','2016-03-22 23:48:29','',1022,'http://feedwordpress.radgeek.com/?rev=64979ff1df274dec31208f08a7d0db63',0,'revision','',0),(1562,1,'2016-03-22 19:38:52','2016-03-22 23:38:52','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>For the first time in Canadian history, there are more seniors over the age of 65 than there are children under the age of 15. What this means is that, over time, there will be fewer Canadians working to support the overall population. Seniors issues are only going to grow in importance.</p>\n<p>With that in mind, let&#8217;s dig into what happened in this budget related to seniors. Some of it we already knew, some of it adds up to real change and some omissions are worth noting.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat &amp; our experts will answer</a></p>\n<h3><strong>The OAS reversal</strong></h3>\n<p>As already announced, the eligibility ages of the Old Age Security program will be restored. Budget 2016 proposes to cancel the provisions in the Old Age Security Act that would have increased the age of eligibility for OAS and Guaranteed Income Supplement benefits from 65 to 67 and Allowance benefits from 60 to 62 over the 2023 to 2029 period.</p>\n<p>Restoring the eligibility age for OAS and GIS benefits to 65 will put thousands of dollars back in the pockets of Canadians as they become seniors. These benefits are an important part of the retirement income of Canadians, particularly for lower-income seniors.</p>\n<p>Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty.</p>\n<p>This announcement by the government is basically undoing something that wasn’t due to happen until 2023. The former government put it in place and the current government took it away. Aside from adding some bureaucratic paperwork, no one was impacted by this, although it was certainly hanging over the heads of investors and their planners. Most of them will be thrilled by this reversal, even if they have to amend their financial plans to reflect this.</p>\n<h3><strong>Guaranteed Income Supplement</strong></h3>\n<p>In Canada, the retirement income system has been successful in reducing the incidence of poverty among Canadian seniors due mainly to Canada Pension Plan (CPP) and OAS. However, of those who do struggle to make ends meet in retirement, single seniors are hardest hit. They are nearly three times more likely to live in low income than seniors generally. For that reason, the federal budget offers an increase to the GIS.</p>\n<p>The federal budget promises to top up this monthly non-taxable benefit for low-income OAS recipients, by up to $947 annually, improving the financial security of about 900,000 seniors across Canada. It doubles the current maximum GIS top-up and represents a 10% increase in the total GIS benefits available to the lowest-income single seniors. A few other key facts about the supplement increase:</p>\n<ul>\n<li>It represents an investment of over $670 million per year</li>\n<li>The graduated benefits are based on income threshold of $4,600</li>\n<li>The benefits will be phased out at income of $8,400 or more</li>\n<li>Going forward, they will be calculated based on individual (not combined) incomes</li>\n</ul>\n<p>That last point is especially meaningful to senior couples who have to live apart for reasons beyond their control and who will see an even greater increase in their GIS benefits. This enhancement will help to defer the higher costs of living of maintaining two residences and reduce the risk of increased poverty.</p>\n<p>This proposed increase supports those seniors who rely almost exclusively on OAS and GIS benefits and may therefore be at risk of experiencing financial difficulties. It allows low-income single seniors more freedom of choice with their finances, while knowing they will receive a guaranteed monthly benefit that will increase with inflation over time.</p>\n<p>However, Statistics Canada has indicated that the Low Income Measure (LIM) for a single senior is $22,000 per year so there is still more work to be done on this in order to bring these 900,000 low income seniors to a reasonable, liveable income.</p>\n<p>Here are a few scenarios that illustrate the impact of the changes:</p>\n<ul>\n<li><em>Lynn is a 74-year-old resident of Montréal, Quebec, who lives alone. With no income apart from OAS and GIS benefits, she struggles to make ends meet. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Lynn with an additional $947 per year.</em></li>\n</ul>\n<ul>\n<li><em>Charles is a 68-year-old widower residing in Edmonton, Alberta. Charles receives annual CPP benefits of $5,000 along with OAS and GIS benefits. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Charles with an additional $848 per year.  </em></li>\n</ul>\n<ul>\n<li><em>Heather and David have been married for 40 years. David, age 77, receives annual CPP benefits of $3,000 and OAS and GIS bene</em><em>fits of over $12,500. Heather, age 62, has annual earnings from her part-time job of $6,000 and receives over $5,800 </em><em>in Allowance benefits. Taken together, the OAS program provides Heather and David with over $18,300 in annual income support. </em><em>David requires long-term care and Heather and David must live apart. Budget 2016 proposes to allow David and Heather to receive their GIS</em><em> and Allowance benefits based on their individual incomes, recognizing the higher costs of living that Heather and David would face </em><em>living apart. As a result of the proposed change, David would receive over $14,300 in OAS and GIS benefits. Heather would receive about $8,300 in Allowance benefits. Taken together, the OAS</em><em> program would provide annual income support of about $22,600, an increase of more than $4,000 from current levels.</em></li>\n</ul>\n<h3><strong>Affordable housing for seniors</strong></h3>\n<p>Canada’s senior population is growing, and many seniors now find it difficult to afford housing that is suitable, or that allows them to easily stay in their homes as long as possible.</p>\n<p>Budget 2016 proposes to provide $200.7 million over two years, starting in 2016–17, to support the construction, repair and adaption of affordable housing for seniors. While funding will be provided under the Investment in Affordable Housing initiative, provinces and territories will not be required to cost-match these investments. This investment is expected to help improve housing conditions for more than 5,000 low-income senior households.</p>\n<p>This initiative helps seniors to age at home which is exactly what the majority of seniors prefer but with many seniors still living in the own homes, this program will need to be more fulsome and last longer than two years to offset the impending lack of affordable and accessible housing for this demographic. The provinces and territories will need to step up with their investments to augment this new federal funding.</p>\n<p>Seniors will also be interested to know that there are commitments to improve client services at the Canada Revenue Agency. The CRA will reduce their telephone wait times, new and more easily understood correspondence, and more liaison with local volunteer groups that provide help to low income Canadians with their tax returns.  This is a welcome announcement from the CRA.</p>\n<h3><strong>What’s missing from the budget?</strong></h3>\n<p>Seniors’ groups have been asking for a national pharmacare program to ensure cross-Canada price equity and availability, extended compassionate leave and a national caregivers program, as well as a national home care strategy to allow seniors to age with dignity in their homes. So, while we&#8217;re a little further down the path–there is more room to go.</p>\n<hr />\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\"><img class=\"alignleft wp-image-118650\" src=\"http://www.moneysense.ca/wp-content/uploads/2015/05/Screen-Shot-2015-04-30-at-4.48.05-PM.png\" alt=\"MoneySense Approved\" width=\"250\" height=\"178\" /></a><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Find the advisor who&#8217;s right for you</a></p>\n<p>Let us match you with a trusted financial advisor who has the skills, training and approach to money &amp; investing that you need.</p>\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Try our search tool now!</a></p>\n<hr />\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','What the budget means for seniors','<p>A closer look at changes to OAS, GIS and spending on seniors housing</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1038-revision-v1','','','2016-03-22 19:38:52','2016-03-22 23:38:52','',1038,'http://feedwordpress.radgeek.com/?rev=c8543b8fd3de4b3d9502d1450e991c03',0,'revision','',0),(1563,1,'2016-03-22 19:38:52','2016-03-22 23:38:52','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img class=\"alignnone size-full wp-image-150316\" src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-300x102.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-768x260.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2-660x224.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg 885w\" sizes=\"(max-width: 885px) 100vw, 885px\" /></a></p>\n<div itemscope=\"itemscope\" itemtype=\"http://schema.org/VideoObject\">\n\n        <meta itemprop=\"duration\" content=\"PT17M48S\" />\n        <meta itemprop=\"thumbnailUrl\" content=\"http://newsandbusiness.rogersdigitalmedia.com.edgesuite.net/bcassets/13639244001/13639244001_4813100169001_thumbnail-for-video-4812788644001.jpg?pubId=13639244001\" />\n        <meta itemprop=\"name\" content=\"Budget 2016: MoneySense experts comment\" />\n        <meta itemprop=\"description\" content=\"MoneySense&#039;s Romana King, MoneyCoaches Canada&#039;s Janet Gray and Knowledge Bureau&#039;s Evelyn Jacks discuss the ramificiations of Budget 2016 for average Canadians.\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T21:57:49+00:00\" />\n    \n    <div style=\"display: none;\"></div>\n\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/BrightcoveExperiences.js\"></script>\n    <script type=\"text/javascript\" src=\"http://admin.brightcove.com/js/api/SmartPlayerAPI.js\"></script>\n\n    <object id=\"myExperience4812788644001\" class=\"BrightcoveExperience\">\n        <param name=\"bgcolor\" value=\"#FFFFFF\" />\n        <param name=\"width\" value=\"640\" />\n        <param name=\"height\" value=\"360\" />\n        <param name=\"playerID\" value=\"2659807263001\" />\n        <param name=\"playerKey\" value=\"AQ~~,AAAAAyz2WOE~,aVUQ6mHrguBSAk3aprArcQ8EfouzY6bY\" />\n        <param name=\"isVid\" value=\"true\" />\n        <param name=\"isUI\" value=\"true\" />\n        <param name=\"dynamicStreaming\" value=\"true\" />\n        <param name=\"includeAPI\" value=\"true\" />\n        <param name=\"templateLoadHandler\" value=\"onTemplateLoad\" />\n        <param name=\"templateReadyHandler\" value=\"onTemplateReady\" />\n        <param name=\"@videoPlayer\" value=\"4812788644001\" />\n                <param name=\"adServerURL\" value=\"http://pubads.g.doubleclick.net/gampad/ads?sz=640x360&amp;iu=%2F7326%2Frogers.publishing%2Fmoneysense.CPGBusiness%2Fvideos&amp;ciu_szs=728x90%2C300x250&amp;impl=s&amp;gdfp_req=1&amp;env=vp&amp;output=xml_vast2&amp;ad_rule=1&amp;unviewed_position_start=1&amp;cmsid=1464\" />\n                <param name=\"linkBaseURL\" value=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\" />\n        <param name=\"autoStart\" value=\"false\" />\n        <param name=\"wmode\" value=\"transparent\" />\n    </object>\n\n</div>\n\n<script type=\"text/javascript\">\n    brightcove.createExperiences();\n</script>\n\n<p>For the first time in Canadian history, there are more seniors over the age of 65 than there are children under the age of 15. What this means is that, over time, there will be fewer Canadians working to support the overall population. Seniors issues are only going to grow in importance.</p>\n<p>With that in mind, let&#8217;s dig into what happened in this budget related to seniors. Some of it we already knew, some of it adds up to real change and some omissions are worth noting.</p>\n<p><strong>Live chat:</strong> <a href=\"http://www.moneysense.ca/news/live-chat-your-federal-budget-questions-answered/\">Have questions? Tune in to our live chat &amp; our experts will answer</a></p>\n<h3><strong>The OAS reversal</strong></h3>\n<p>As already announced, the eligibility ages of the Old Age Security program will be restored. Budget 2016 proposes to cancel the provisions in the Old Age Security Act that would have increased the age of eligibility for OAS and Guaranteed Income Supplement benefits from 65 to 67 and Allowance benefits from 60 to 62 over the 2023 to 2029 period.</p>\n<p>Restoring the eligibility age for OAS and GIS benefits to 65 will put thousands of dollars back in the pockets of Canadians as they become seniors. These benefits are an important part of the retirement income of Canadians, particularly for lower-income seniors.</p>\n<p>Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty.</p>\n<p>This announcement by the government is basically undoing something that wasn’t due to happen until 2023. The former government put it in place and the current government took it away. Aside from adding some bureaucratic paperwork, no one was impacted by this, although it was certainly hanging over the heads of investors and their planners. Most of them will be thrilled by this reversal, even if they have to amend their financial plans to reflect this.</p>\n<h3><strong>Guaranteed Income Supplement</strong></h3>\n<p>In Canada, the retirement income system has been successful in reducing the incidence of poverty among Canadian seniors due mainly to Canada Pension Plan (CPP) and OAS. However, of those who do struggle to make ends meet in retirement, single seniors are hardest hit. They are nearly three times more likely to live in low income than seniors generally. For that reason, the federal budget offers an increase to the GIS.</p>\n<p>The federal budget promises to top up this monthly non-taxable benefit for low-income OAS recipients, by up to $947 annually, improving the financial security of about 900,000 seniors across Canada. It doubles the current maximum GIS top-up and represents a 10% increase in the total GIS benefits available to the lowest-income single seniors. A few other key facts about the supplement increase:</p>\n<ul>\n<li>It represents an investment of over $670 million per year</li>\n<li>The graduated benefits are based on income threshold of $4,600</li>\n<li>The benefits will be phased out at income of $8,400 or more</li>\n<li>Going forward, they will be calculated based on individual (not combined) incomes</li>\n</ul>\n<p>That last point is especially meaningful to senior couples who have to live apart for reasons beyond their control and who will see an even greater increase in their GIS benefits. This enhancement will help to defer the higher costs of living of maintaining two residences and reduce the risk of increased poverty.</p>\n<p>This proposed increase supports those seniors who rely almost exclusively on OAS and GIS benefits and may therefore be at risk of experiencing financial difficulties. It allows low-income single seniors more freedom of choice with their finances, while knowing they will receive a guaranteed monthly benefit that will increase with inflation over time.</p>\n<p>However, Statistics Canada has indicated that the Low Income Measure (LIM) for a single senior is $22,000 per year so there is still more work to be done on this in order to bring these 900,000 low income seniors to a reasonable, liveable income.</p>\n<p>Here are a few scenarios that illustrate the impact of the changes:</p>\n<ul>\n<li><em>Lynn is a 74-year-old resident of Montréal, Quebec, who lives alone. With no income apart from OAS and GIS benefits, she struggles to make ends meet. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Lynn with an additional $947 per year.</em></li>\n</ul>\n<ul>\n<li><em>Charles is a 68-year-old widower residing in Edmonton, Alberta. Charles receives annual CPP benefits of $5,000 along with OAS and GIS benefits. The increase in the GIS top-up benefit for single seniors proposed in Budget 2016 will provide Charles with an additional $848 per year.  </em></li>\n</ul>\n<ul>\n<li><em>Heather and David have been married for 40 years. David, age 77, receives annual CPP benefits of $3,000 and OAS and GIS bene</em><em>fits of over $12,500. Heather, age 62, has annual earnings from her part-time job of $6,000 and receives over $5,800 </em><em>in Allowance benefits. Taken together, the OAS program provides Heather and David with over $18,300 in annual income support. </em><em>David requires long-term care and Heather and David must live apart. Budget 2016 proposes to allow David and Heather to receive their GIS</em><em> and Allowance benefits based on their individual incomes, recognizing the higher costs of living that Heather and David would face </em><em>living apart. As a result of the proposed change, David would receive over $14,300 in OAS and GIS benefits. Heather would receive about $8,300 in Allowance benefits. Taken together, the OAS</em><em> program would provide annual income support of about $22,600, an increase of more than $4,000 from current levels.</em></li>\n</ul>\n<h3><strong>Affordable housing for seniors</strong></h3>\n<p>Canada’s senior population is growing, and many seniors now find it difficult to afford housing that is suitable, or that allows them to easily stay in their homes as long as possible.</p>\n<p>Budget 2016 proposes to provide $200.7 million over two years, starting in 2016–17, to support the construction, repair and adaption of affordable housing for seniors. While funding will be provided under the Investment in Affordable Housing initiative, provinces and territories will not be required to cost-match these investments. This investment is expected to help improve housing conditions for more than 5,000 low-income senior households.</p>\n<p>This initiative helps seniors to age at home which is exactly what the majority of seniors prefer but with many seniors still living in the own homes, this program will need to be more fulsome and last longer than two years to offset the impending lack of affordable and accessible housing for this demographic. The provinces and territories will need to step up with their investments to augment this new federal funding.</p>\n<p>Seniors will also be interested to know that there are commitments to improve client services at the Canada Revenue Agency. The CRA will reduce their telephone wait times, new and more easily understood correspondence, and more liaison with local volunteer groups that provide help to low income Canadians with their tax returns.  This is a welcome announcement from the CRA.</p>\n<h3><strong>What’s missing from the budget?</strong></h3>\n<p>Seniors’ groups have been asking for a national pharmacare program to ensure cross-Canada price equity and availability, extended compassionate leave and a national caregivers program, as well as a national home care strategy to allow seniors to age with dignity in their homes. So, while we&#8217;re a little further down the path–there is more room to go.</p>\n<hr />\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\"><img class=\"alignleft wp-image-118650\" src=\"http://www.moneysense.ca/wp-content/uploads/2015/05/Screen-Shot-2015-04-30-at-4.48.05-PM.png\" alt=\"MoneySense Approved\" width=\"250\" height=\"178\" /></a><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Find the advisor who&#8217;s right for you</a></p>\n<p>Let us match you with a trusted financial advisor who has the skills, training and approach to money &amp; investing that you need.</p>\n<p><a href=\"http://www.moneysenseapproved.com/findanadvisor/\">Try our search tool now!</a></p>\n<hr />\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','What the budget means for seniors','<p>A closer look at changes to OAS, GIS and spending on seniors housing</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\">What the budget means for seniors</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1038-revision-v1','','','2016-03-22 19:38:52','2016-03-22 23:38:52','',1038,'http://feedwordpress.radgeek.com/?rev=c8543b8fd3de4b3d9502d1450e991c03',0,'revision','',0),(1564,1,'2016-01-12 23:04:50','2016-01-12 23:04:50','In this RAW &amp; UNCUT episode from #NAIAS, Porsche premiered the 2017 Porsche 911 Turbo &amp; Porsche 911 Turbo S 4 at the North American International Auto Show in Detroit, Michigan. MotoMan presents a special TECH REVIEW of all the changes of both cars that differentiate them from the now turbocharged Carrera cars . . .\n\nMotoMan. Ordinary Car Guy. Extraordinary Adventures\n\nTWICE A WEEK, MotoMan you on car guy adventures like going behind the scenes and hands on at factories, design studios and race tracks to unique driving experiences – everything from the latest cars to military prototype vehicles.\n\nEACH MONTH, MotoMan has an informal discussion with the key people shaping the car industry in front of a live studio &amp; Internet streamed audience. Connect with us via Facebook &amp; Twitter for a full schedule: \n\nSubscribe now to experience our adventures in the car world.\nhttp://www.youtube.com/subscription_center?add_user=motomantv\n\nCheck out our 2016 #NAIAS Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48qd0wOO-91Nuo4HGawYbo99\n\nCheck out our Porsche Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48qumAKuIs06Uovd0D_VVQ5-\n\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV','2017 Porsche 911 Turbo &amp; 911 Turbo S @ North American Auto Show – MOTOMAN UNCUT','','publish','open','open','','2017-porsche-911-turbo-911-turbo-s-north-american-auto-show-motoman-uncut','','','2016-01-12 23:04:50','2016-01-12 23:04:50','',0,'http://www.l2ocredit.com/2016/01/12/2017-porsche-911-turbo-911-turbo-s-north-american-auto-show-motoman-uncut/',0,'post','',0),(1565,0,'2016-03-24 15:50:16','2016-03-24 19:50:16','','2017 Porsche 911 Turbo &amp; 911 Turbo S @ North American Auto Show – MOTOMAN UNCUT','','inherit','open','closed','','2017-porsche-911-turbo-911-turbo-s-north-american-auto-show-motoman-uncut-2','','','2016-03-24 15:50:16','2016-03-24 19:50:16','',1564,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-porsche-911-turbo-911-turbo-s-north-american-auto-show-motoman-uncut-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1566,1,'2016-01-07 18:37:40','2016-01-07 18:37:40','More videos: http://goo.gl/Kj1FlI\nAlex\'s Favorite Cars: http://goo.gl/uGSNLI\nUpcoming reviews: http://goo.gl/pLtP6U\nAOA on Facebook: http://goo.gl/a47Cu1\n\nThe Mountain Garden: http://goo.gl/icFWcd','2016 Audi TT Virtual Cockpit LCD Instrument Cluster Review','','publish','open','open','','2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review','','','2016-01-07 18:37:40','2016-01-07 18:37:40','',0,'http://www.l2ocredit.com/2016/01/07/2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review/',0,'post','',0),(1567,0,'2016-03-24 16:05:40','2016-03-24 20:05:40','','2016 Audi TT Virtual Cockpit LCD Instrument Cluster Review','','inherit','open','closed','','2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review-2','','','2016-03-24 16:05:40','2016-03-24 20:05:40','',1566,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1568,0,'2016-03-24 16:05:40','2016-03-24 20:05:40','','2016 Audi TT Virtual Cockpit LCD Instrument Cluster Review','','inherit','open','closed','','2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review-3','','','2016-03-24 16:05:40','2016-03-24 20:05:40','',1566,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1569,0,'2016-03-24 16:05:41','2016-03-24 20:05:41','','2016 Audi TT Virtual Cockpit LCD Instrument Cluster Review','','inherit','open','closed','','2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review-4','','','2016-03-24 16:05:41','2016-03-24 20:05:41','',1566,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1570,0,'2016-03-24 16:05:41','2016-03-24 20:05:41','','2016 Audi TT Virtual Cockpit LCD Instrument Cluster Review','','inherit','open','closed','','2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review-5','','','2016-03-24 16:05:41','2016-03-24 20:05:41','',1566,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-audi-tt-virtual-cockpit-lcd-instrument-cluster-review-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1571,1,'2015-11-11 15:00:00','2015-11-11 15:00:00','We drove this V8 Camaro nearly 1,200 kms between New Orleans and Dallas. here\'s what we thought of it. Full Article: http://wp.me/p3LQCT-XAA\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','First Drive | 2016 Chevrolet Camaro | Driving.ca','','publish','open','open','','first-drive-2016-chevrolet-camaro-driving-ca','','','2015-11-11 15:00:00','2015-11-11 15:00:00','',0,'http://www.l2ocredit.com/2015/11/11/first-drive-2016-chevrolet-camaro-driving-ca/',0,'post','',0),(1572,0,'2016-03-24 16:34:09','2016-03-24 20:34:09','','First Drive | 2016 Chevrolet Camaro | Driving.ca','','inherit','open','closed','','first-drive-2016-chevrolet-camaro-driving-ca-2','','','2016-03-24 16:34:09','2016-03-24 20:34:09','',1571,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-2016-chevrolet-camaro-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1573,0,'2016-03-24 16:34:09','2016-03-24 20:34:09','','First Drive | 2016 Chevrolet Camaro | Driving.ca','','inherit','open','closed','','first-drive-2016-chevrolet-camaro-driving-ca-2','','','2016-03-24 16:34:09','2016-03-24 20:34:09','',1571,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-2016-chevrolet-camaro-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1574,0,'2016-03-24 16:34:10','2016-03-24 20:34:10','','First Drive | 2016 Chevrolet Camaro | Driving.ca','','inherit','open','closed','','first-drive-2016-chevrolet-camaro-driving-ca-3','','','2016-03-24 16:34:10','2016-03-24 20:34:10','',1571,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-2016-chevrolet-camaro-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1575,1,'2015-07-26 18:24:03','2015-07-26 18:24:03','With a cabin from Tron, and an aim as sure as Katniss Everdeen, BMW reassures enthusiasts that the future of performance is bright.','2015 BMW i8','','publish','open','open','','2015-bmw-i8','','','2015-07-26 18:24:03','2015-07-26 18:24:03','',0,'http://www.l2ocredit.com/2015/07/26/2015-bmw-i8/',0,'post','',0),(1576,0,'2016-03-24 16:50:58','2016-03-24 20:50:58','','2015 BMW i8','','inherit','open','closed','','2015-bmw-i8-2','','','2016-03-24 16:50:58','2016-03-24 20:50:58','',1575,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-bmw-i8-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1577,0,'2016-03-24 16:50:58','2016-03-24 20:50:58','','2015 BMW i8','','inherit','open','closed','','2015-bmw-i8-3','','','2016-03-24 16:50:58','2016-03-24 20:50:58','',1575,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-bmw-i8-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1578,0,'2016-03-24 16:50:58','2016-03-24 20:50:58','','2015 BMW i8','','inherit','open','closed','','2015-bmw-i8-4','','','2016-03-24 16:50:58','2016-03-24 20:50:58','',1575,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-bmw-i8-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1579,1,'2016-03-24 16:25:40','2016-03-24 20:25:40','<p>Whew!  The increased capital gains inclusion rates did not materialize in the 2016 Federal Budget; nor did additional taxation on employment stock options.   But, in case it’s an idea that comes back in the future, we thought it might be instructive to take a look at what might have happened. Here is how a 66 2/3% or 75% inclusion rate would have affected taxpayers.</p>\n<p>It has been argued that, after taxes and inflation, capital gains do not provide an economic benefit over longer periods of time.  The 50% inclusion rate, in part, recognizes the fact that valuations over time must be adjusted for inflation.  Taxpayers are also able to offset capital gains with capital losses.</p>\n<p>However, at a time when retirees face continued market volatility and greater longevity rates while  interest rates provide little or no returns after inflation. Any tax hit to their asset accumulations matters.   Let&#8217;s see how changing those rates will affect taxpayers in Canada.  Note the marginal tax rates in the $45,000 to $90,500 zones in particular:</p>\n<p><strong>Marginal tax rates on investment income at various income levels (assumed Ontario resident)</strong></p>\n<p>Marginal tax rates on investment income at various income levels (assumed Ontario resident)</p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"4\">Marginal Tax Rate on Capital Gains</td>\n<td>Interest</td>\n<td colspan=\"2\">Dividends</td>\n</tr>\n<tr>\n<td>Taxable Income</td>\n<td>50%</td>\n<td>66 2/3%</td>\n<td>75%</td>\n<td>100%</td>\n<td></td>\n<td>Large</td>\n<td>Small Bus</td>\n</tr>\n<tr>\n<td>Under $41,536</td>\n<td>10.03%</td>\n<td>13.37%</td>\n<td>15.04%</td>\n<td>20.05%</td>\n<td>20.05%</td>\n<td>-6.86%</td>\n<td>6.13%</td>\n</tr>\n<tr>\n<td>$41,537 to $45,282</td>\n<td>12.08%</td>\n<td>16.10%</td>\n<td>18.11%</td>\n<td>24.15%</td>\n<td>24.15%</td>\n<td>-1.20%</td>\n<td>10.93%</td>\n</tr>\n<tr>\n<td>$45,283 to $73,145</td>\n<td>14.83%</td>\n<td>19.77%</td>\n<td>22.24%</td>\n<td>29.65%</td>\n<td>29.65%</td>\n<td>6.39%</td>\n<td>17.37%</td>\n</tr>\n<tr>\n<td>$73,146 to $83,075</td>\n<td>15.74%</td>\n<td>20.99%</td>\n<td>23.61%</td>\n<td>31.48%</td>\n<td>31.48%</td>\n<td>8.92%</td>\n<td>19.51%</td>\n</tr>\n<tr>\n<td>$83,076 to $86,176</td>\n<td>16.95%</td>\n<td>22.59%</td>\n<td>25.42%</td>\n<td>33.89%</td>\n<td>33.89%</td>\n<td>12.24%</td>\n<td>22.33%</td>\n</tr>\n<tr>\n<td>$86,177 to $90,563</td>\n<td>18.96%</td>\n<td>25.27%</td>\n<td>28.43%</td>\n<td>37.91%</td>\n<td>37.91%</td>\n<td>17.79%</td>\n<td>27.03%</td>\n</tr>\n<tr>\n<td>$90,564 to $140,388</td>\n<td>21.71%</td>\n<td>28.94%</td>\n<td>32.56%</td>\n<td>43.41%</td>\n<td>43.41%</td>\n<td>25.38%</td>\n<td>33.46%</td>\n</tr>\n<tr>\n<td>$140,389 to $150,000</td>\n<td>23.21%</td>\n<td>30.94%</td>\n<td>34.81%</td>\n<td>46.41%</td>\n<td>46.41%</td>\n<td>29.52%</td>\n<td>36.97%</td>\n</tr>\n<tr>\n<td>$150,001 to $200,000</td>\n<td>23.99%</td>\n<td>31.98%</td>\n<td>35.98%</td>\n<td>47.97%</td>\n<td>47.97%</td>\n<td>31.67%</td>\n<td>38.80%</td>\n</tr>\n<tr>\n<td>$200,001 to $220,000</td>\n<td>25.99%</td>\n<td>34.65%</td>\n<td>38.98%</td>\n<td>51.97%</td>\n<td>51.97%</td>\n<td>37.19%</td>\n<td>43.48%</td>\n</tr>\n<tr>\n<td>Over $220,000</td>\n<td>26.77%</td>\n<td>35.69%</td>\n<td>40.15%</td>\n<td>53.53%</td>\n<td>53.53%</td>\n<td>39.34%</td>\n<td>45.30%</td>\n</tr>\n</tbody>\n</table>\n<p>Table source: Knowledge Bureau</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/budget-winners-and-losers-dodging-a-cap-gains-bullet/\">Federal budget: Dodging a capital gains bullet</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Federal budget: Dodging a capital gains bullet','<p>Our tax expert crunches the numbers on a feared change that didn\'t come</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/budget-winners-and-losers-dodging-a-cap-gains-bullet/\">Federal budget: Dodging a capital gains bullet</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1018-revision-v1','','','2016-03-24 16:25:40','2016-03-24 20:25:40','',1018,'http://feedwordpress.radgeek.com/?rev=a125d7be6f2a91f44894e75dce4b006e',0,'revision','',0),(1580,1,'2016-03-24 16:25:40','2016-03-24 20:25:40','<p>Whew!  The increased capital gains inclusion rates did not materialize in the 2016 Federal Budget; nor did additional taxation on employment stock options.   But, in case it’s an idea that comes back in the future, we thought it might be instructive to take a look at what might have happened. Here is how a 66 2/3% or 75% inclusion rate would have affected taxpayers.</p>\n<p>It has been argued that, after taxes and inflation, capital gains do not provide an economic benefit over longer periods of time.  The 50% inclusion rate, in part, recognizes the fact that valuations over time must be adjusted for inflation.  Taxpayers are also able to offset capital gains with capital losses.</p>\n<p>However, at a time when retirees face continued market volatility and greater longevity rates while  interest rates provide little or no returns after inflation. Any tax hit to their asset accumulations matters.   Let&#8217;s see how changing those rates will affect taxpayers in Canada.  Note the marginal tax rates in the $45,000 to $90,500 zones in particular:</p>\n<p><strong>Marginal tax rates on investment income at various income levels (assumed Ontario resident)</strong></p>\n<p>Marginal tax rates on investment income at various income levels (assumed Ontario resident)</p>\n<table>\n<tbody>\n<tr>\n<td></td>\n<td colspan=\"4\">Marginal Tax Rate on Capital Gains</td>\n<td>Interest</td>\n<td colspan=\"2\">Dividends</td>\n</tr>\n<tr>\n<td>Taxable Income</td>\n<td>50%</td>\n<td>66 2/3%</td>\n<td>75%</td>\n<td>100%</td>\n<td></td>\n<td>Large</td>\n<td>Small Bus</td>\n</tr>\n<tr>\n<td>Under $41,536</td>\n<td>10.03%</td>\n<td>13.37%</td>\n<td>15.04%</td>\n<td>20.05%</td>\n<td>20.05%</td>\n<td>-6.86%</td>\n<td>6.13%</td>\n</tr>\n<tr>\n<td>$41,537 to $45,282</td>\n<td>12.08%</td>\n<td>16.10%</td>\n<td>18.11%</td>\n<td>24.15%</td>\n<td>24.15%</td>\n<td>-1.20%</td>\n<td>10.93%</td>\n</tr>\n<tr>\n<td>$45,283 to $73,145</td>\n<td>14.83%</td>\n<td>19.77%</td>\n<td>22.24%</td>\n<td>29.65%</td>\n<td>29.65%</td>\n<td>6.39%</td>\n<td>17.37%</td>\n</tr>\n<tr>\n<td>$73,146 to $83,075</td>\n<td>15.74%</td>\n<td>20.99%</td>\n<td>23.61%</td>\n<td>31.48%</td>\n<td>31.48%</td>\n<td>8.92%</td>\n<td>19.51%</td>\n</tr>\n<tr>\n<td>$83,076 to $86,176</td>\n<td>16.95%</td>\n<td>22.59%</td>\n<td>25.42%</td>\n<td>33.89%</td>\n<td>33.89%</td>\n<td>12.24%</td>\n<td>22.33%</td>\n</tr>\n<tr>\n<td>$86,177 to $90,563</td>\n<td>18.96%</td>\n<td>25.27%</td>\n<td>28.43%</td>\n<td>37.91%</td>\n<td>37.91%</td>\n<td>17.79%</td>\n<td>27.03%</td>\n</tr>\n<tr>\n<td>$90,564 to $140,388</td>\n<td>21.71%</td>\n<td>28.94%</td>\n<td>32.56%</td>\n<td>43.41%</td>\n<td>43.41%</td>\n<td>25.38%</td>\n<td>33.46%</td>\n</tr>\n<tr>\n<td>$140,389 to $150,000</td>\n<td>23.21%</td>\n<td>30.94%</td>\n<td>34.81%</td>\n<td>46.41%</td>\n<td>46.41%</td>\n<td>29.52%</td>\n<td>36.97%</td>\n</tr>\n<tr>\n<td>$150,001 to $200,000</td>\n<td>23.99%</td>\n<td>31.98%</td>\n<td>35.98%</td>\n<td>47.97%</td>\n<td>47.97%</td>\n<td>31.67%</td>\n<td>38.80%</td>\n</tr>\n<tr>\n<td>$200,001 to $220,000</td>\n<td>25.99%</td>\n<td>34.65%</td>\n<td>38.98%</td>\n<td>51.97%</td>\n<td>51.97%</td>\n<td>37.19%</td>\n<td>43.48%</td>\n</tr>\n<tr>\n<td>Over $220,000</td>\n<td>26.77%</td>\n<td>35.69%</td>\n<td>40.15%</td>\n<td>53.53%</td>\n<td>53.53%</td>\n<td>39.34%</td>\n<td>45.30%</td>\n</tr>\n</tbody>\n</table>\n<p>Table source: Knowledge Bureau</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/budget-winners-and-losers-dodging-a-cap-gains-bullet/\">Federal budget: Dodging a capital gains bullet</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Federal budget: Dodging a capital gains bullet','<p>Our tax expert crunches the numbers on a feared change that didn\'t come</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/budget-winners-and-losers-dodging-a-cap-gains-bullet/\">Federal budget: Dodging a capital gains bullet</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1018-revision-v1','','','2016-03-24 16:25:40','2016-03-24 20:25:40','',1018,'http://feedwordpress.radgeek.com/?rev=a125d7be6f2a91f44894e75dce4b006e',0,'revision','',0),(1581,1,'2016-03-24 16:18:52','2016-03-24 20:18:52','<p>OTTAWA – The federal government is restoring the tax credit for labour-sponsored investment funds, but investment experts urge caution for investors who may be considering them.</p>\n<p>They say tax credits should not drive your investment decisions and that labour-sponsored investment funds have been a risky proposition with a history of disappointing performance.</p>\n<p>Professor Eric Kirzner of University of Toronto’s Rotman School of Management says they are complex investments that are difficult to understand and carry high management fees.</p>\n<p>“Would I recommend these as investments: No,” he said.</p>\n<p>Labour-sponsored funds or labour-sponsored venture capital corporations were first introduced in the 1980s as a way for small investors to invest in small- to medium-sized businesses.</p>\n<p><a href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don’t panic about corporate class funds » </a></p>\n<p>Kirzner, who holds the John H. Watson Chair in Value Investing and teaches investment finance, says the idea was that investors would do well and companies that otherwise would not have been able to raise capital would get needed investment.</p>\n<p>However, investing in early-stage small businesses is a speculative and risky proposition.</p>\n<p>“There has been the occasional success, but in general the performance of these funds has been awful,” Kirzner said.</p>\n<p>He noted that for most individual investors, the venture capital sector is not an asset class he would recommend.</p>\n<p>“It is not until you get to very large portfolios that there’s a place for it,” he said.</p>\n<p>The funds also have a holding period that can be as long as eight years. That means if the fund is sold before the end of the hold period investors may face penalties and lose their tax credits.</p>\n<p><a href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\"> 3 ways the federal budget will affect investors » </a></p>\n<p>Many funds also have higher fees than those associated with conventional funds and that can also eat away at investment gains.</p>\n<p>Peter Bowen, vice-president of tax and retirement research at Fidelity Investments, said that, historically, performance has been a challenge for many labour-sponsored venture capital corporations.</p>\n<p>“Tax efficiency is great, but you have to start with good solid investment performance and this has been an area of the market, the labour-sponsored funds, where that has not been the case in many situations,” he said.</p>\n<p>Before investors make a decision to invest their money in any sort of security, they need to look at the merits of the investment, Bowen said.</p>\n<p>“Just buying something because there’s a tax credit or other benefit associated with it, we don’t think is a good idea.”</p>\n<p>Ontario ended its tax credit for labour-sponsored investment funds in 2012. However, the investments have remained popular in Quebec which continues to offer a credit.</p>\n<p>The Conservatives had moved to phase out the federal tax credit by next year, but the Liberals restored the incentive to 15 per cent on purchases of provincially registered funds this year. Ottawa’s credit applies to eligible investments of up to $5,000, making it worth up to $750.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/tax-credit-restored-for-labour-sponsored-funds/\">Tax credit restored for labour-sponsored funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Tax credit restored for labour-sponsored funds','<p>But experts caution against them. Here\'s why</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/tax-credit-restored-for-labour-sponsored-funds/\">Tax credit restored for labour-sponsored funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-24 16:18:52','2016-03-24 20:18:52','',0,'http://www.moneysense.ca/?p=150918',0,'post','',0),(1582,1,'2016-03-24 16:18:52','2016-03-24 20:18:52','<p>OTTAWA – The federal government is restoring the tax credit for labour-sponsored investment funds, but investment experts urge caution for investors who may be considering them.</p>\n<p>They say tax credits should not drive your investment decisions and that labour-sponsored investment funds have been a risky proposition with a history of disappointing performance.</p>\n<p>Professor Eric Kirzner of University of Toronto’s Rotman School of Management says they are complex investments that are difficult to understand and carry high management fees.</p>\n<p>“Would I recommend these as investments: No,” he said.</p>\n<p>Labour-sponsored funds or labour-sponsored venture capital corporations were first introduced in the 1980s as a way for small investors to invest in small- to medium-sized businesses.</p>\n<p><a href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don’t panic about corporate class funds » </a></p>\n<p>Kirzner, who holds the John H. Watson Chair in Value Investing and teaches investment finance, says the idea was that investors would do well and companies that otherwise would not have been able to raise capital would get needed investment.</p>\n<p>However, investing in early-stage small businesses is a speculative and risky proposition.</p>\n<p>“There has been the occasional success, but in general the performance of these funds has been awful,” Kirzner said.</p>\n<p>He noted that for most individual investors, the venture capital sector is not an asset class he would recommend.</p>\n<p>“It is not until you get to very large portfolios that there’s a place for it,” he said.</p>\n<p>The funds also have a holding period that can be as long as eight years. That means if the fund is sold before the end of the hold period investors may face penalties and lose their tax credits.</p>\n<p><a href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\"> 3 ways the federal budget will affect investors » </a></p>\n<p>Many funds also have higher fees than those associated with conventional funds and that can also eat away at investment gains.</p>\n<p>Peter Bowen, vice-president of tax and retirement research at Fidelity Investments, said that, historically, performance has been a challenge for many labour-sponsored venture capital corporations.</p>\n<p>“Tax efficiency is great, but you have to start with good solid investment performance and this has been an area of the market, the labour-sponsored funds, where that has not been the case in many situations,” he said.</p>\n<p>Before investors make a decision to invest their money in any sort of security, they need to look at the merits of the investment, Bowen said.</p>\n<p>“Just buying something because there’s a tax credit or other benefit associated with it, we don’t think is a good idea.”</p>\n<p>Ontario ended its tax credit for labour-sponsored investment funds in 2012. However, the investments have remained popular in Quebec which continues to offer a credit.</p>\n<p>The Conservatives had moved to phase out the federal tax credit by next year, but the Liberals restored the incentive to 15 per cent on purchases of provincially registered funds this year. Ottawa’s credit applies to eligible investments of up to $5,000, making it worth up to $750.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/tax-credit-restored-for-labour-sponsored-funds/\">Tax credit restored for labour-sponsored funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Tax credit restored for labour-sponsored funds','<p>But experts caution against them. Here\'s why</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/tax-credit-restored-for-labour-sponsored-funds/\">Tax credit restored for labour-sponsored funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-24 16:18:52','2016-03-24 20:18:52','',0,'http://www.moneysense.ca/?p=150918',0,'post','',0),(1583,1,'2016-03-24 16:18:52','2016-03-24 20:18:52','<p>OTTAWA – The federal government is restoring the tax credit for labour-sponsored investment funds, but investment experts urge caution for investors who may be considering them.</p>\n<p>They say tax credits should not drive your investment decisions and that labour-sponsored investment funds have been a risky proposition with a history of disappointing performance.</p>\n<p>Professor Eric Kirzner of University of Toronto’s Rotman School of Management says they are complex investments that are difficult to understand and carry high management fees.</p>\n<p>“Would I recommend these as investments: No,” he said.</p>\n<p>Labour-sponsored funds or labour-sponsored venture capital corporations were first introduced in the 1980s as a way for small investors to invest in small- to medium-sized businesses.</p>\n<p><a href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don’t panic about corporate class funds » </a></p>\n<p>Kirzner, who holds the John H. Watson Chair in Value Investing and teaches investment finance, says the idea was that investors would do well and companies that otherwise would not have been able to raise capital would get needed investment.</p>\n<p>However, investing in early-stage small businesses is a speculative and risky proposition.</p>\n<p>“There has been the occasional success, but in general the performance of these funds has been awful,” Kirzner said.</p>\n<p>He noted that for most individual investors, the venture capital sector is not an asset class he would recommend.</p>\n<p>“It is not until you get to very large portfolios that there’s a place for it,” he said.</p>\n<p>The funds also have a holding period that can be as long as eight years. That means if the fund is sold before the end of the hold period investors may face penalties and lose their tax credits.</p>\n<p><a href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\"> 3 ways the federal budget will affect investors » </a></p>\n<p>Many funds also have higher fees than those associated with conventional funds and that can also eat away at investment gains.</p>\n<p>Peter Bowen, vice-president of tax and retirement research at Fidelity Investments, said that, historically, performance has been a challenge for many labour-sponsored venture capital corporations.</p>\n<p>“Tax efficiency is great, but you have to start with good solid investment performance and this has been an area of the market, the labour-sponsored funds, where that has not been the case in many situations,” he said.</p>\n<p>Before investors make a decision to invest their money in any sort of security, they need to look at the merits of the investment, Bowen said.</p>\n<p>“Just buying something because there’s a tax credit or other benefit associated with it, we don’t think is a good idea.”</p>\n<p>Ontario ended its tax credit for labour-sponsored investment funds in 2012. However, the investments have remained popular in Quebec which continues to offer a credit.</p>\n<p>The Conservatives had moved to phase out the federal tax credit by next year, but the Liberals restored the incentive to 15 per cent on purchases of provincially registered funds this year. Ottawa’s credit applies to eligible investments of up to $5,000, making it worth up to $750.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/tax-credit-restored-for-labour-sponsored-funds/\">Tax credit restored for labour-sponsored funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Tax credit restored for labour-sponsored funds','<p>But experts caution against them. Here\'s why</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/tax-credit-restored-for-labour-sponsored-funds/\">Tax credit restored for labour-sponsored funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1582-revision-v1','','','2016-03-24 16:18:52','2016-03-24 20:18:52','',1582,'http://feedwordpress.radgeek.com/?rev=9e7bb96540501136c5fee5c7a11208c7',0,'revision','',0),(1584,1,'2016-03-24 16:18:52','2016-03-24 20:18:52','<p>OTTAWA – The federal government is restoring the tax credit for labour-sponsored investment funds, but investment experts urge caution for investors who may be considering them.</p>\n<p>They say tax credits should not drive your investment decisions and that labour-sponsored investment funds have been a risky proposition with a history of disappointing performance.</p>\n<p>Professor Eric Kirzner of University of Toronto’s Rotman School of Management says they are complex investments that are difficult to understand and carry high management fees.</p>\n<p>“Would I recommend these as investments: No,” he said.</p>\n<p>Labour-sponsored funds or labour-sponsored venture capital corporations were first introduced in the 1980s as a way for small investors to invest in small- to medium-sized businesses.</p>\n<p><a href=\"http://www.moneysense.ca/save/investing/mutual-funds/dont-panic-about-corporate-class-funds/\">Don’t panic about corporate class funds » </a></p>\n<p>Kirzner, who holds the John H. Watson Chair in Value Investing and teaches investment finance, says the idea was that investors would do well and companies that otherwise would not have been able to raise capital would get needed investment.</p>\n<p>However, investing in early-stage small businesses is a speculative and risky proposition.</p>\n<p>“There has been the occasional success, but in general the performance of these funds has been awful,” Kirzner said.</p>\n<p>He noted that for most individual investors, the venture capital sector is not an asset class he would recommend.</p>\n<p>“It is not until you get to very large portfolios that there’s a place for it,” he said.</p>\n<p>The funds also have a holding period that can be as long as eight years. That means if the fund is sold before the end of the hold period investors may face penalties and lose their tax credits.</p>\n<p><a href=\"http://www.moneysense.ca/news/3-ways-the-federal-budget-will-affect-investors/\"> 3 ways the federal budget will affect investors » </a></p>\n<p>Many funds also have higher fees than those associated with conventional funds and that can also eat away at investment gains.</p>\n<p>Peter Bowen, vice-president of tax and retirement research at Fidelity Investments, said that, historically, performance has been a challenge for many labour-sponsored venture capital corporations.</p>\n<p>“Tax efficiency is great, but you have to start with good solid investment performance and this has been an area of the market, the labour-sponsored funds, where that has not been the case in many situations,” he said.</p>\n<p>Before investors make a decision to invest their money in any sort of security, they need to look at the merits of the investment, Bowen said.</p>\n<p>“Just buying something because there’s a tax credit or other benefit associated with it, we don’t think is a good idea.”</p>\n<p>Ontario ended its tax credit for labour-sponsored investment funds in 2012. However, the investments have remained popular in Quebec which continues to offer a credit.</p>\n<p>The Conservatives had moved to phase out the federal tax credit by next year, but the Liberals restored the incentive to 15 per cent on purchases of provincially registered funds this year. Ottawa’s credit applies to eligible investments of up to $5,000, making it worth up to $750.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/tax-credit-restored-for-labour-sponsored-funds/\">Tax credit restored for labour-sponsored funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Tax credit restored for labour-sponsored funds','<p>But experts caution against them. Here\'s why</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/investing/tax-credit-restored-for-labour-sponsored-funds/\">Tax credit restored for labour-sponsored funds</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1581-revision-v1','','','2016-03-24 16:18:52','2016-03-24 20:18:52','',1581,'http://feedwordpress.radgeek.com/?rev=9e7bb96540501136c5fee5c7a11208c7',0,'revision','',0),(1585,1,'2015-11-19 03:06:32','2015-11-19 03:06:32','The 2016 Volkswagen Golf R, or VW Golf R is the hottest hatch in the VW stable. It has more power than the VW GTI and standard AWD or all wheel drive. This Golf R is sold with a manual or DSG and has 292hp and 280lb.-ft of torque. The Golf R shares the same platform, engine and AWD system with the more expensive Audi S3. With seating for 5-passnegers and a practical hatchback design, the Golf R is a real value in the hot hatch market.\n\nCompetitors to the S3 are the Mercedes CLA, Audi S4, BMW 2 Series, BMW 3 Series, Acura TLX, Acura TL, Lexus IS, Infiniti Q50, Volvo S60, Volvo V60, Cadillac ATS, Cadillac CTS, Mercedes C-Class, Subaru WRX, VW Golf R, Volkswagen Golf R and the BMW X1.\n\n\nTwitter: https://twitter.com/MotormouthCDN\nFacebook: http://tinyurl.com/motormouthfb\nMotormouth: http://www.motormouth.ca/\nSubscribe: http://tinyurl.com/motormouthsubscribe\nZack Spencer\nZach Spencer\nCanadian Car Review\nMotormouth Canada','2016 VW Golf R Review','','publish','open','open','','2016-vw-golf-r-review','','','2015-11-19 03:06:32','2015-11-19 03:06:32','',0,'http://www.l2ocredit.com/2015/11/19/2016-vw-golf-r-review/',0,'post','',0),(1586,0,'2016-03-24 17:13:44','2016-03-24 21:13:44','','2016 VW Golf R Review','','inherit','open','closed','','2016-vw-golf-r-review-2','','','2016-03-24 17:13:44','2016-03-24 21:13:44','',1585,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-vw-golf-r-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1587,0,'2016-03-24 17:13:44','2016-03-24 21:13:44','','2016 VW Golf R Review','','inherit','open','closed','','2016-vw-golf-r-review-2','','','2016-03-24 17:13:44','2016-03-24 21:13:44','',1585,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-vw-golf-r-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1588,1,'2016-01-26 20:28:57','2016-01-26 20:28:57','Like Us on Facebook! https://www.facebook.com/pages/Camerons-Car-Reviews/349462695066112?ref=hl \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews \nCamerons Car Reviews Score: 4/5 \nPowertrain Options: 1.4 L 4-Cylinder Turbo or a 1.8 L 4-Cylinder with a 6-Speed Automatic or 5-Speed Manual FWD \n Engine &amp; Performance\nBASE ENGINE SIZE 1.8 L CAM TYPE Double overhead cam (DOHC)\nCYLINDERS Inline 4 \nVALVES 16\nVALVE TIMING Variable \nTORQUE 125 ft-lbs. @ 3800 rpm\nHORSEPOWER 138 hp @ 6300 rpm \nTURNING CIRCLE 34.5 ft. \nWarranty\nBASIC 3 yr./ 36000 mi. \nDRIVETRAIN 5 yr./ 60000 mi.\nFREE MAINTENANCE 2 yr./ 24000 mi. \nROADSIDE 5 yr./ 60000 mi.\nRUST 6 yr./ 100000 mi. \nWeights and Capacities\nEPA INTERIOR VOLUME 105.2 cu.ft. \nCURB WEIGHT 2733 lbs.\nCARGO CAPACITY, ALL SEATS IN PLACE 14.9 cu.ft.  \nFuel\nENGINE TYPE Gas \nFUEL TYPE Regular unleaded\nFUEL TANK CAPACITY 12.2 gal. \nRANGE IN MILES (CTY/HWY) 292.8/427.0 mi.\nEPA MILEAGE EST. (CTY/HWY) 24/35 mpg  \nCompetitors: Ford Fiesta, Nissan Versa, Kia Rio, Hyundai Accent','2016 Chevrolet Sonic LS Review | Camerons Car Reviews','','publish','open','open','','2016-chevrolet-sonic-ls-review-camerons-car-reviews','','','2016-01-26 20:28:57','2016-01-26 20:28:57','',0,'http://www.l2ocredit.com/2016/01/26/2016-chevrolet-sonic-ls-review-camerons-car-reviews/',0,'post','',0),(1589,0,'2016-03-24 17:31:43','2016-03-24 21:31:43','','2016 Chevrolet Sonic LS Review | Camerons Car Reviews','','inherit','open','closed','','2016-chevrolet-sonic-ls-review-camerons-car-reviews-2','','','2016-03-24 17:31:43','2016-03-24 21:31:43','',1588,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevrolet-sonic-ls-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1590,0,'2016-03-24 17:31:43','2016-03-24 21:31:43','','2016 Chevrolet Sonic LS Review | Camerons Car Reviews','','inherit','open','closed','','2016-chevrolet-sonic-ls-review-camerons-car-reviews-2','','','2016-03-24 17:31:43','2016-03-24 21:31:43','',1588,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevrolet-sonic-ls-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1591,0,'2016-03-24 17:31:43','2016-03-24 21:31:43','','2016 Chevrolet Sonic LS Review | Camerons Car Reviews','','inherit','open','closed','','2016-chevrolet-sonic-ls-review-camerons-car-reviews-3','','','2016-03-24 17:31:43','2016-03-24 21:31:43','',1588,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevrolet-sonic-ls-review-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1592,1,'2016-01-11 23:16:00','2016-01-11 23:16:00','Friend of the show, Randy Rodriguez takes MotoMan through his latest concept truck, the Nissan TITAN Warrior . . . Not just a concept, but a Nissan Titan Pick Up Truck that is built off of a real live vehicle – from heavily upgraded suspension to a lot of details on the exterior bringing the Nissan Titan back to Randy’s original design sketches . . . That said, Randy has a question for you. . .\n\nMotoMan. Ordinary Car Guy. Extraordinary Adventures\n\nTWICE A WEEK, MotoMan you on car guy adventures like going behind the scenes and hands on at factories, design studios and race tracks to unique driving experiences – everything from the latest cars to military prototype vehicles.\n\nEACH MONTH, MotoMan has an informal discussion with the key people shaping the car industry in front of a live studio &amp; Internet streamed audience. Connect with us via Facebook &amp; Twitter for a full schedule: \n\nSubscribe now to experience our adventures in the car world.\nhttp://www.youtube.com/subscription_center?add_user=motomantv\n\nCheck out our 2016 #NAIAS Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48qd0wOO-91Nuo4HGawYbo99\n\nCheck out our Nissan Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48q6ca62R2PdoRD-8LKDfKeE\n\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV','Nissan TITAN Warrior Concept Truck @ North American International Auto Show #NAIAS - MOTOMAN UNCUT','','publish','open','open','','nissan-titan-warrior-concept-truck-north-american-international-auto-show-naias-motoman-uncut','','','2016-01-11 23:16:00','2016-01-11 23:16:00','',0,'http://www.l2ocredit.com/2016/01/11/nissan-titan-warrior-concept-truck-north-american-international-auto-show-naias-motoman-uncut/',0,'post','',0),(1593,0,'2016-03-24 18:40:25','2016-03-24 22:40:25','','Nissan TITAN Warrior Concept Truck @ North American International Auto Show #NAIAS &#8211; MOTOMAN UNCUT','','inherit','open','closed','','nissan-titan-warrior-concept-truck-north-american-international-auto-show-naias-motoman-uncut-2','','','2016-03-24 18:40:25','2016-03-24 22:40:25','',1592,'http://www.l2ocredit.com/wp-content/uploads/2016/03/nissan-titan-warrior-concept-truck-north-american-international-auto-show-naias-motoman-uncut-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1594,0,'2016-03-24 18:40:25','2016-03-24 22:40:25','','Nissan TITAN Warrior Concept Truck @ North American International Auto Show #NAIAS &#8211; MOTOMAN UNCUT','','inherit','open','closed','','nissan-titan-warrior-concept-truck-north-american-international-auto-show-naias-motoman-uncut-3','','','2016-03-24 18:40:25','2016-03-24 22:40:25','',1592,'http://www.l2ocredit.com/wp-content/uploads/2016/03/nissan-titan-warrior-concept-truck-north-american-international-auto-show-naias-motoman-uncut-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1595,1,'2016-01-01 17:40:46','2016-01-01 17:40:46','More videos: http://goo.gl/Kj1FlI\nAlex\'s Favorite Cars: http://goo.gl/uGSNLI\nUpcoming reviews: http://goo.gl/pLtP6U\nAOA on Facebook: http://goo.gl/a47Cu1\n\nThe Mountain Garden: http://goo.gl/icFWcd','2016 BMW i8 Plug In Hybrid Review and Road Test - Detailed in 4K UHD','','publish','open','open','','2016-bmw-i8-plug-in-hybrid-review-and-road-test-detailed-in-4k-uhd','','','2016-01-01 17:40:46','2016-01-01 17:40:46','',0,'http://www.l2ocredit.com/2016/01/01/2016-bmw-i8-plug-in-hybrid-review-and-road-test-detailed-in-4k-uhd/',0,'post','',0),(1596,0,'2016-03-24 18:59:08','2016-03-24 22:59:08','','2016 BMW i8 Plug In Hybrid Review and Road Test &#8211; Detailed in 4K UHD','','inherit','open','closed','','2016-bmw-i8-plug-in-hybrid-review-and-road-test-detailed-in-4k-uhd-2','','','2016-03-24 18:59:08','2016-03-24 22:59:08','',1595,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-i8-plug-in-hybrid-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1597,0,'2016-03-24 18:59:08','2016-03-24 22:59:08','','2016 BMW i8 Plug In Hybrid Review and Road Test &#8211; Detailed in 4K UHD','','inherit','open','closed','','2016-bmw-i8-plug-in-hybrid-review-and-road-test-detailed-in-4k-uhd-3','','','2016-03-24 18:59:08','2016-03-24 22:59:08','',1595,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-i8-plug-in-hybrid-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1598,0,'2016-03-24 18:59:09','2016-03-24 22:59:09','','2016 BMW i8 Plug In Hybrid Review and Road Test &#8211; Detailed in 4K UHD','','inherit','open','closed','','2016-bmw-i8-plug-in-hybrid-review-and-road-test-detailed-in-4k-uhd-4','','','2016-03-24 18:59:09','2016-03-24 22:59:09','',1595,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-i8-plug-in-hybrid-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1599,1,'2015-11-09 16:00:01','2015-11-09 16:00:01','Chevrolet\'s Colorado is the newest contender in a segment full of older designs. How does it compare to the Tacoma? 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