(929,1,'2016-03-22 10:30:51','2016-03-22 14:30:51','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" class=\"alignnone size-full wp-image-150316\" 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>OTTAWA – The Trudeau government’s maiden budget will make it easier for jobless Canadians to collect employment insurance benefits and will target some additional EI measures at workers in energy-producing provinces hit hard by the plunge in oil prices.</p>\n<p>But it won’t immediately deliver on some other Liberal election promises to reform the EI system, including promised improvements to parental and compassionate care benefits.</p>\n<p>And it is expected to defer until the fall a promised 12-month EI premium holiday for employers who give permanent jobs to young Canadians, aged 18-24.</p>\n<p>Those are just three election promises that are expected to be put off in Tuesday’s budget as Prime Minister Justin Trudeau’s fledgling government struggles to come to grips with an oil-price plunge that has sapped federal revenues and slowed already sluggish economic growth to a crawl.</p>\n<p>Government insiders, speaking on condition of anonymity because they were discussing matters not yet made public, said there would be few surprises in the budget, which will instead stick to the promised “approach” of investing in infrastructure, long-term economic growth and middle-class Canadians.</p>\n<p><a href=\"http://www.moneysense.ca/news/4-things-to-expect-from-the-upcoming-federal-budget/\"> 4 things to expect from Budget 2016 » </a></p>\n<p>That means it will include two big-ticket items from the Liberal platform: an enhanced, tax-free, income-tested child benefit and at least $5 billion in new infrastructure investments.</p>\n<p>The government has already acted on another big ticket promise: reducing the tax rate on income between $45,282 and $90,563 while imposing a new higher tax rate on income over $200,000.</p>\n<p>As Trudeau put it Monday in the Commons: “We put forward a plan that focused on investing in our communities, helping the middle class and creating growth in a way that would help all Canadians.</p>\n<p>“That is exactly what we campaigned on. That is exactly what we are going to be delivering in (Tuesday’s) budget.”</p>\n<p>But sticking to the platform’s general approach and honouring all the more than 200 election promises Trudeau made are two different things.</p>\n<p>Indeed, even before adding new spending in the budget, the government has already broken one pivotal campaign promise: the vow to keep budget deficits to less than $10 billion for the each first three years of the Liberal mandate. Finance Minister Bill Morneau revealed last month the 2016-17 deficit was en route to $18.4 billion.</p>\n<p>Once the budget’s new investments are tallied up, the deficit is expected to balloon to about $30 billion — three times more than promised. But that includes a hefty contingency cushion of $6 billion, which could ultimately soften the blow.</p>\n<p>Morneau has also telegraphed well in advance that he’s likely going to renege on two other promises that anchored the Liberals’ fiscal agenda: ensuring the debt to GDP ratio declines each and every year and balancing the budget in the fourth year. The worsening economic picture has made both those goals much harder to achieve.</p>\n<p>Ivey School of Business economist Mike Moffatt, who was a member of Trudeau’s economic advisory council before the election and helped cost the Liberal platform, will be taking the platform with him into the budget lockup to check on what else has changed or gone missing.</p>\n<p>“I think it might be more interesting to see what they don’t do, in the sense of what was in their platform that they had to back off of, for one reason or another,” he said in an interview.</p>\n<p>Insiders suggest the many campaign promises on improving the lot of veterans will be spread out over the four-year mandate.</p>\n<p>Some of the pricey promises aimed at improving the quality of life for indigenous peoples — included a sweeping, uncosted promise to deliver on all 94 recommendations of the Truth and Reconciliation Commission — may not materialize immediately either, although Trudeau said Monday that the budget “will feature historic investments in First Nations and indigenous Canadians right across the country.”</p>\n<p>On EI, the Liberal platform promised to make compassionate care and parental benefits more flexible and more inclusive. But it has since been determined that the changes are too complex to be made quickly in the first year of the Liberal mandate.</p>\n<p>The budget is expected to deliver on the Liberals’ promises to reduce the wait time to collect EI benefits to one week from two, starting in 2017, and to reverse a measure imposed by the previous Conservative government that requires the unemployed to take lower-paying jobs outside their communities.</p>\n<p><a href=\"http://www.moneysense.ca/news/prepare-for-a-possible-increase-in-capital-gains-taxes/\">Prepare for a possible hike in capital gains taxes » </a></p>\n<p>It’s also expected to deliver on platform promises to pump $500 million per year more into labour market development agreements with the provinces and up to $775 million for jobs and skills training.</p>\n<p>The Liberal platform also promised to reduce employers’ EI premiums, starting in 2017, from $1.88 per $100 earned to $1.65. However, Employment Minister MaryAnn Mihychuk has since hedged on the precise size of the premium cut.</p>\n<p>She has also signalled that not all the EI promises can be fulfilled immediately, that overhauling the system is a complex business that will take some time.</p>\n<p>Trudeau told the Commons on Monday that the budget will deliver on “concrete (platform) commitments to improve access to Employment Insurance for the people of Canada, including in areas where the oil-price decline has led to difficulties.”</p>\n<p>Insiders say the budget will make it easier for all unemployed Canadians to access EI but it will also have measures targeted at supporting workers in regions hard hit by the oil price shock, particularly Alberta. The duration of benefits, for instance, could be increased in economically depressed regions.</p>\n<p>It could also allow the jobless in those regions to accept low-wage jobs without having their EI benefits clawed back.</p>\n<p>University of British Columbia economist Kevin Milligan, who also sat on Trudeau’s economic advisory council, said he won’t be surprised if there are some adjustments to the promised infrastructure investments to take into account economic need in Alberta, Newfoundland and Labrador and Saskatchewan.</p>\n<p>For instance, he said Morneau might create a “fast lane” for energy producing provinces, speeding up their share of the promised 10-year roll-out of $60 billion in additional infrastructure investments.</p>\n<p>Both Milligan and Moffatt also think the government might give a nod towards creation of a guaranteed minimum income, agreeing to take part in a pilot project already announced by Ontario. Such an initiative wouldn’t cost much and wouldn’t commit the government to actually ever implementing the poverty-alleviating scheme across the country.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/federal-budget-expected-to-defer-some-campaign-promises/\">Federal budget expected to defer some campaign promises</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Federal budget expected to defer some campaign promises','<p>A big-ticket item to be included is enhanced, tax-free child-benefit </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/federal-budget-expected-to-defer-some-campaign-promises/\">Federal budget expected to defer some campaign promises</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-22 10:30:51','2016-03-22 14:30:51','',0,'http://www.moneysense.ca/?p=150440',0,'post','',0),(930,1,'2016-03-22 10:30:51','2016-03-22 14:30:51','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" class=\"alignnone size-full wp-image-150316\" 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>OTTAWA – The Trudeau government’s maiden budget will make it easier for jobless Canadians to collect employment insurance benefits and will target some additional EI measures at workers in energy-producing provinces hit hard by the plunge in oil prices.</p>\n<p>But it won’t immediately deliver on some other Liberal election promises to reform the EI system, including promised improvements to parental and compassionate care benefits.</p>\n<p>And it is expected to defer until the fall a promised 12-month EI premium holiday for employers who give permanent jobs to young Canadians, aged 18-24.</p>\n<p>Those are just three election promises that are expected to be put off in Tuesday’s budget as Prime Minister Justin Trudeau’s fledgling government struggles to come to grips with an oil-price plunge that has sapped federal revenues and slowed already sluggish economic growth to a crawl.</p>\n<p>Government insiders, speaking on condition of anonymity because they were discussing matters not yet made public, said there would be few surprises in the budget, which will instead stick to the promised “approach” of investing in infrastructure, long-term economic growth and middle-class Canadians.</p>\n<p><a href=\"http://www.moneysense.ca/news/4-things-to-expect-from-the-upcoming-federal-budget/\"> 4 things to expect from Budget 2016 » </a></p>\n<p>That means it will include two big-ticket items from the Liberal platform: an enhanced, tax-free, income-tested child benefit and at least $5 billion in new infrastructure investments.</p>\n<p>The government has already acted on another big ticket promise: reducing the tax rate on income between $45,282 and $90,563 while imposing a new higher tax rate on income over $200,000.</p>\n<p>As Trudeau put it Monday in the Commons: “We put forward a plan that focused on investing in our communities, helping the middle class and creating growth in a way that would help all Canadians.</p>\n<p>“That is exactly what we campaigned on. That is exactly what we are going to be delivering in (Tuesday’s) budget.”</p>\n<p>But sticking to the platform’s general approach and honouring all the more than 200 election promises Trudeau made are two different things.</p>\n<p>Indeed, even before adding new spending in the budget, the government has already broken one pivotal campaign promise: the vow to keep budget deficits to less than $10 billion for the each first three years of the Liberal mandate. Finance Minister Bill Morneau revealed last month the 2016-17 deficit was en route to $18.4 billion.</p>\n<p>Once the budget’s new investments are tallied up, the deficit is expected to balloon to about $30 billion — three times more than promised. But that includes a hefty contingency cushion of $6 billion, which could ultimately soften the blow.</p>\n<p>Morneau has also telegraphed well in advance that he’s likely going to renege on two other promises that anchored the Liberals’ fiscal agenda: ensuring the debt to GDP ratio declines each and every year and balancing the budget in the fourth year. The worsening economic picture has made both those goals much harder to achieve.</p>\n<p>Ivey School of Business economist Mike Moffatt, who was a member of Trudeau’s economic advisory council before the election and helped cost the Liberal platform, will be taking the platform with him into the budget lockup to check on what else has changed or gone missing.</p>\n<p>“I think it might be more interesting to see what they don’t do, in the sense of what was in their platform that they had to back off of, for one reason or another,” he said in an interview.</p>\n<p>Insiders suggest the many campaign promises on improving the lot of veterans will be spread out over the four-year mandate.</p>\n<p>Some of the pricey promises aimed at improving the quality of life for indigenous peoples — included a sweeping, uncosted promise to deliver on all 94 recommendations of the Truth and Reconciliation Commission — may not materialize immediately either, although Trudeau said Monday that the budget “will feature historic investments in First Nations and indigenous Canadians right across the country.”</p>\n<p>On EI, the Liberal platform promised to make compassionate care and parental benefits more flexible and more inclusive. But it has since been determined that the changes are too complex to be made quickly in the first year of the Liberal mandate.</p>\n<p>The budget is expected to deliver on the Liberals’ promises to reduce the wait time to collect EI benefits to one week from two, starting in 2017, and to reverse a measure imposed by the previous Conservative government that requires the unemployed to take lower-paying jobs outside their communities.</p>\n<p><a href=\"http://www.moneysense.ca/news/prepare-for-a-possible-increase-in-capital-gains-taxes/\">Prepare for a possible hike in capital gains taxes » </a></p>\n<p>It’s also expected to deliver on platform promises to pump $500 million per year more into labour market development agreements with the provinces and up to $775 million for jobs and skills training.</p>\n<p>The Liberal platform also promised to reduce employers’ EI premiums, starting in 2017, from $1.88 per $100 earned to $1.65. However, Employment Minister MaryAnn Mihychuk has since hedged on the precise size of the premium cut.</p>\n<p>She has also signalled that not all the EI promises can be fulfilled immediately, that overhauling the system is a complex business that will take some time.</p>\n<p>Trudeau told the Commons on Monday that the budget will deliver on “concrete (platform) commitments to improve access to Employment Insurance for the people of Canada, including in areas where the oil-price decline has led to difficulties.”</p>\n<p>Insiders say the budget will make it easier for all unemployed Canadians to access EI but it will also have measures targeted at supporting workers in regions hard hit by the oil price shock, particularly Alberta. The duration of benefits, for instance, could be increased in economically depressed regions.</p>\n<p>It could also allow the jobless in those regions to accept low-wage jobs without having their EI benefits clawed back.</p>\n<p>University of British Columbia economist Kevin Milligan, who also sat on Trudeau’s economic advisory council, said he won’t be surprised if there are some adjustments to the promised infrastructure investments to take into account economic need in Alberta, Newfoundland and Labrador and Saskatchewan.</p>\n<p>For instance, he said Morneau might create a “fast lane” for energy producing provinces, speeding up their share of the promised 10-year roll-out of $60 billion in additional infrastructure investments.</p>\n<p>Both Milligan and Moffatt also think the government might give a nod towards creation of a guaranteed minimum income, agreeing to take part in a pilot project already announced by Ontario. Such an initiative wouldn’t cost much and wouldn’t commit the government to actually ever implementing the poverty-alleviating scheme across the country.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/federal-budget-expected-to-defer-some-campaign-promises/\">Federal budget expected to defer some campaign promises</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Federal budget expected to defer some campaign promises','<p>A big-ticket item to be included is enhanced, tax-free child-benefit </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/federal-budget-expected-to-defer-some-campaign-promises/\">Federal budget expected to defer some campaign promises</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','929-revision-v1','','','2016-03-22 10:30:51','2016-03-22 14:30:51','',929,'http://feedwordpress.radgeek.com/?rev=2f125c963f2b59adff8e3b6f80324b60',0,'revision','',0),(931,1,'2016-03-22 10:30:51','2016-03-22 14:30:51','<p><a href=\"http://www.moneysense.ca/tag/budget-2016/\" rel=\"attachment wp-att-150316\"><img src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/Budget-2016-banner-V2.jpg\" alt=\"Budget 2016 banner V2\" width=\"885\" height=\"300\" class=\"alignnone size-full wp-image-150316\" 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>OTTAWA – The Trudeau government’s maiden budget will make it easier for jobless Canadians to collect employment insurance benefits and will target some additional EI measures at workers in energy-producing provinces hit hard by the plunge in oil prices.</p>\n<p>But it won’t immediately deliver on some other Liberal election promises to reform the EI system, including promised improvements to parental and compassionate care benefits.</p>\n<p>And it is expected to defer until the fall a promised 12-month EI premium holiday for employers who give permanent jobs to young Canadians, aged 18-24.</p>\n<p>Those are just three election promises that are expected to be put off in Tuesday’s budget as Prime Minister Justin Trudeau’s fledgling government struggles to come to grips with an oil-price plunge that has sapped federal revenues and slowed already sluggish economic growth to a crawl.</p>\n<p>Government insiders, speaking on condition of anonymity because they were discussing matters not yet made public, said there would be few surprises in the budget, which will instead stick to the promised “approach” of investing in infrastructure, long-term economic growth and middle-class Canadians.</p>\n<p><a href=\"http://www.moneysense.ca/news/4-things-to-expect-from-the-upcoming-federal-budget/\"> 4 things to expect from Budget 2016 » </a></p>\n<p>That means it will include two big-ticket items from the Liberal platform: an enhanced, tax-free, income-tested child benefit and at least $5 billion in new infrastructure investments.</p>\n<p>The government has already acted on another big ticket promise: reducing the tax rate on income between $45,282 and $90,563 while imposing a new higher tax rate on income over $200,000.</p>\n<p>As Trudeau put it Monday in the Commons: “We put forward a plan that focused on investing in our communities, helping the middle class and creating growth in a way that would help all Canadians.</p>\n<p>“That is exactly what we campaigned on. That is exactly what we are going to be delivering in (Tuesday’s) budget.”</p>\n<p>But sticking to the platform’s general approach and honouring all the more than 200 election promises Trudeau made are two different things.</p>\n<p>Indeed, even before adding new spending in the budget, the government has already broken one pivotal campaign promise: the vow to keep budget deficits to less than $10 billion for the each first three years of the Liberal mandate. Finance Minister Bill Morneau revealed last month the 2016-17 deficit was en route to $18.4 billion.</p>\n<p>Once the budget’s new investments are tallied up, the deficit is expected to balloon to about $30 billion — three times more than promised. But that includes a hefty contingency cushion of $6 billion, which could ultimately soften the blow.</p>\n<p>Morneau has also telegraphed well in advance that he’s likely going to renege on two other promises that anchored the Liberals’ fiscal agenda: ensuring the debt to GDP ratio declines each and every year and balancing the budget in the fourth year. The worsening economic picture has made both those goals much harder to achieve.</p>\n<p>Ivey School of Business economist Mike Moffatt, who was a member of Trudeau’s economic advisory council before the election and helped cost the Liberal platform, will be taking the platform with him into the budget lockup to check on what else has changed or gone missing.</p>\n<p>“I think it might be more interesting to see what they don’t do, in the sense of what was in their platform that they had to back off of, for one reason or another,” he said in an interview.</p>\n<p>Insiders suggest the many campaign promises on improving the lot of veterans will be spread out over the four-year mandate.</p>\n<p>Some of the pricey promises aimed at improving the quality of life for indigenous peoples — included a sweeping, uncosted promise to deliver on all 94 recommendations of the Truth and Reconciliation Commission — may not materialize immediately either, although Trudeau said Monday that the budget “will feature historic investments in First Nations and indigenous Canadians right across the country.”</p>\n<p>On EI, the Liberal platform promised to make compassionate care and parental benefits more flexible and more inclusive. But it has since been determined that the changes are too complex to be made quickly in the first year of the Liberal mandate.</p>\n<p>The budget is expected to deliver on the Liberals’ promises to reduce the wait time to collect EI benefits to one week from two, starting in 2017, and to reverse a measure imposed by the previous Conservative government that requires the unemployed to take lower-paying jobs outside their communities.</p>\n<p><a href=\"http://www.moneysense.ca/news/prepare-for-a-possible-increase-in-capital-gains-taxes/\">Prepare for a possible hike in capital gains taxes » </a></p>\n<p>It’s also expected to deliver on platform promises to pump $500 million per year more into labour market development agreements with the provinces and up to $775 million for jobs and skills training.</p>\n<p>The Liberal platform also promised to reduce employers’ EI premiums, starting in 2017, from $1.88 per $100 earned to $1.65. However, Employment Minister MaryAnn Mihychuk has since hedged on the precise size of the premium cut.</p>\n<p>She has also signalled that not all the EI promises can be fulfilled immediately, that overhauling the system is a complex business that will take some time.</p>\n<p>Trudeau told the Commons on Monday that the budget will deliver on “concrete (platform) commitments to improve access to Employment Insurance for the people of Canada, including in areas where the oil-price decline has led to difficulties.”</p>\n<p>Insiders say the budget will make it easier for all unemployed Canadians to access EI but it will also have measures targeted at supporting workers in regions hard hit by the oil price shock, particularly Alberta. The duration of benefits, for instance, could be increased in economically depressed regions.</p>\n<p>It could also allow the jobless in those regions to accept low-wage jobs without having their EI benefits clawed back.</p>\n<p>University of British Columbia economist Kevin Milligan, who also sat on Trudeau’s economic advisory council, said he won’t be surprised if there are some adjustments to the promised infrastructure investments to take into account economic need in Alberta, Newfoundland and Labrador and Saskatchewan.</p>\n<p>For instance, he said Morneau might create a “fast lane” for energy producing provinces, speeding up their share of the promised 10-year roll-out of $60 billion in additional infrastructure investments.</p>\n<p>Both Milligan and Moffatt also think the government might give a nod towards creation of a guaranteed minimum income, agreeing to take part in a pilot project already announced by Ontario. Such an initiative wouldn’t cost much and wouldn’t commit the government to actually ever implementing the poverty-alleviating scheme across the country.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/federal-budget-expected-to-defer-some-campaign-promises/\">Federal budget expected to defer some campaign promises</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Federal budget expected to defer some campaign promises','<p>A big-ticket item to be included is enhanced, tax-free child-benefit </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/federal-budget-expected-to-defer-some-campaign-promises/\">Federal budget expected to defer some campaign promises</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','928-revision-v1','','','2016-03-22 10:30:51','2016-03-22 14:30:51','',928,'http://feedwordpress.radgeek.com/?rev=2f125c963f2b59adff8e3b6f80324b60',0,'revision','',0),(932,1,'2016-03-22 09:49:43','2016-03-22 13:49:43','<p><div id=\"attachment_150432\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-1024x683.jpg\" alt=\"rrif\" width=\"1024\" height=\"683\" class=\"size-large wp-image-150432\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-300x200.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-768x512.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-1024x683.jpg 1024w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-660x440.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785.jpg 1255w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" /><p class=\"wp-caption-text\">(Caimage/Getty Images)</p></div><br />\n<strong>Q: </strong>What are cons and pros of selecting an annuity versus RRIF?</p>\n<p>I will be 71 in July 2016. I currently work and receive OAS and CPP. My wife is 70 in July 2016 and also receives OAS and CPP.</p>\n<p>After I hit my age of 71, I must start withdrawals from my RRSP and I need to make my selection between RRIF and annuity.</p>\n<p><em>—Igor</em></p>\n<p><strong>A: </strong>Since you’re turning 71 in 2016, Igor, you need to do something with your RRSP by the end of the year. The applicable date with RRSPs is December 31 of the year in which you turn 71. By that that date, you need to do one of three things:</p>\n<p>1) Cash out your RRSP completely and add the full market value to your income for the year, paying tax on the full amount. This isn’t a great option.</p>\n<p>2) Convert your RRSP to a Registered Retirement Income Fund (RRIF) and start taking minimum withdrawals starting the following year.</p>\n<p>3) Purchase an annuity from an insurance company with your RRSP funds and receive pre-determined payments for the rest of your life, beginning the following year.</p>\n<p>If you convert your RRSP to a RRIF, your minimum required withdrawal is based on your age. The year you turn 72, your minimum withdrawal is 5.28% of the market value as of December 31 of the previous year. You can choose to base your minimum withdrawal on your spouse’s age and if they are younger, you will have a lower required minimum withdrawal.</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=\"mailto:ask@moneysense.ca?subject=Ask%20a%20Planner\" >Ask a Planner: Leave your question for Jason Heath »</a></p>\n<p>In your case, Igor, if you use your wife’s age, your minimum withdrawal will be 5.00% in 2017.</p>\n<p>As time goes on, the minimum RRIF withdrawals rise to 5.67% by the year you turn 75, 6.58% by the year you turn 80 and so on, before hitting 10.99% by the year you turn 90. If your RRIF isn’t generating a return in excess of the withdrawal rate, you will be drawing down on the capital in your account over time.</p>\n<p>If you purchase an annuity instead, Igor, your income would be based on the annuity features you chose. For example, a single life annuity with annual payments and no guarantee period would generate an income of $7,939 per $100,000 or RRSP based on current annuity interest rates (which are fairly low, like all interest rates). The insurance company would pay you this income for the rest of your life.</p>\n<p>You could choose to have your annuity payment based on both your life and your wife’s life and payable until the second of your two deaths. Or you could choose to have a guarantee period for your payments, even if you died before the guarantee period expired. Features like this would cause your annuity payment to be lower because these features have a “cost”.</p>\n<p>Your CPP or OAS aren’t really impacted by the choice you make. The fact that you’re still working, Igor, doesn’t really impact the decision either. On $100,000 of RRSPs, the minimum RRIF withdrawal would be $5,000 in your case in 2017, Igor, versus a $7,939 annuity payment, so you’d have to pay slightly more tax on the annuity than the RRIF.</p>\n<p>If you choose to go with a RRIF and your account earns a 4% rate of return, it could provide you with the same $7,939 of annual income for 17 years, at which point, the RRIF would be depleted to zero. At 71 years of age, your life expectancy is about 15 years, so the annuity provides a little more than a 4% rate of return on your RRSP money. I suppose whether 4% is a good return depends on who you ask.</p>\n<p>If you live until age 100, your annuity provides a great “rate of return” equal to about 7.5% on a RRIF.</p>\n<p>Both RRIF withdrawals and registered annuity income are taxable in the same way and at the same rate on your tax return, so there is no tax advantage to one choice versus the other. The only difference is that your annuity isn’t taxable on your death – payments simply end in the absence of a guarantee period – but your RRIF is taxable. A RRIF can be transferred to your surviving spouse tax-free on your death, or if you’re the second to die, it’s taxable to your estate and added to the rest of your income for that year.</p>\n<p>When making the choice between a RRIF and an annuity, I think you need to consider the following, Igor:</p>\n<p>1) The greater your desire for flexibility, the more I would be inclined to choose a RRIF.</p>\n<p>2) The higher your investment risk tolerance, the more I would be inclined to choose a RRIF.</p>\n<p>3) The more other sources of annuity/pension income you have beyond CPP or OAS, thereby providing a degree of longevity protection, the more I would be inclined to choose a RRIF.</p>\n<p>4) The shorter you think your life expectancy will be, the more inclined I would be to choose a RRIF.</p>\n<p>5) The higher your desire to provide for a spouse or other beneficiaries on your death, the more inclined I would be to choose a RRIF.</p>\n<p>The vast majority of Canadians choose a RRIF over an annuity for their RRSP savings. What’s right for you depends on your personal circumstances, Igor.</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=\"mailto:ask@moneysense.ca?subject=Ask%20a%20Planner\" >Ask a Planner: Leave your question for Jason Heath »</a></p>\n<p><em>Jason Heath is a fee-only, advice-only Certified Financial Planner (CFP) at Objective Financial Partners Inc. in Toronto, Ontario. He does not sell any financial products whatsoever.</em></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/rrif/rrif-or-annuity-which-one-is-right-for-you/\">RRIF or annuity: Which one is right for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','RRIF or annuity: Which one is right for you?','<p>Igor is turning 71 and has a choice to make. Here are the pros and cons of each</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/rrif/rrif-or-annuity-which-one-is-right-for-you/\">RRIF or annuity: Which one is right for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-22 09:49:43','2016-03-22 13:49:43','',0,'http://www.moneysense.ca/?p=150424',0,'post','',0),(933,1,'2016-03-22 09:49:43','2016-03-22 13:49:43','<p><div id=\"attachment_150432\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-1024x683.jpg\" alt=\"rrif\" width=\"1024\" height=\"683\" class=\"size-large wp-image-150432\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-300x200.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-768x512.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-1024x683.jpg 1024w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-660x440.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785.jpg 1255w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" /><p class=\"wp-caption-text\">(Caimage/Getty Images)</p></div><br />\n<strong>Q: </strong>What are cons and pros of selecting an annuity versus RRIF?</p>\n<p>I will be 71 in July 2016. I currently work and receive OAS and CPP. My wife is 70 in July 2016 and also receives OAS and CPP.</p>\n<p>After I hit my age of 71, I must start withdrawals from my RRSP and I need to make my selection between RRIF and annuity.</p>\n<p><em>—Igor</em></p>\n<p><strong>A: </strong>Since you’re turning 71 in 2016, Igor, you need to do something with your RRSP by the end of the year. The applicable date with RRSPs is December 31 of the year in which you turn 71. By that that date, you need to do one of three things:</p>\n<p>1) Cash out your RRSP completely and add the full market value to your income for the year, paying tax on the full amount. This isn’t a great option.</p>\n<p>2) Convert your RRSP to a Registered Retirement Income Fund (RRIF) and start taking minimum withdrawals starting the following year.</p>\n<p>3) Purchase an annuity from an insurance company with your RRSP funds and receive pre-determined payments for the rest of your life, beginning the following year.</p>\n<p>If you convert your RRSP to a RRIF, your minimum required withdrawal is based on your age. The year you turn 72, your minimum withdrawal is 5.28% of the market value as of December 31 of the previous year. You can choose to base your minimum withdrawal on your spouse’s age and if they are younger, you will have a lower required minimum withdrawal.</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=\"mailto:ask@moneysense.ca?subject=Ask%20a%20Planner\" >Ask a Planner: Leave your question for Jason Heath »</a></p>\n<p>In your case, Igor, if you use your wife’s age, your minimum withdrawal will be 5.00% in 2017.</p>\n<p>As time goes on, the minimum RRIF withdrawals rise to 5.67% by the year you turn 75, 6.58% by the year you turn 80 and so on, before hitting 10.99% by the year you turn 90. If your RRIF isn’t generating a return in excess of the withdrawal rate, you will be drawing down on the capital in your account over time.</p>\n<p>If you purchase an annuity instead, Igor, your income would be based on the annuity features you chose. For example, a single life annuity with annual payments and no guarantee period would generate an income of $7,939 per $100,000 or RRSP based on current annuity interest rates (which are fairly low, like all interest rates). The insurance company would pay you this income for the rest of your life.</p>\n<p>You could choose to have your annuity payment based on both your life and your wife’s life and payable until the second of your two deaths. Or you could choose to have a guarantee period for your payments, even if you died before the guarantee period expired. Features like this would cause your annuity payment to be lower because these features have a “cost”.</p>\n<p>Your CPP or OAS aren’t really impacted by the choice you make. The fact that you’re still working, Igor, doesn’t really impact the decision either. On $100,000 of RRSPs, the minimum RRIF withdrawal would be $5,000 in your case in 2017, Igor, versus a $7,939 annuity payment, so you’d have to pay slightly more tax on the annuity than the RRIF.</p>\n<p>If you choose to go with a RRIF and your account earns a 4% rate of return, it could provide you with the same $7,939 of annual income for 17 years, at which point, the RRIF would be depleted to zero. At 71 years of age, your life expectancy is about 15 years, so the annuity provides a little more than a 4% rate of return on your RRSP money. I suppose whether 4% is a good return depends on who you ask.</p>\n<p>If you live until age 100, your annuity provides a great “rate of return” equal to about 7.5% on a RRIF.</p>\n<p>Both RRIF withdrawals and registered annuity income are taxable in the same way and at the same rate on your tax return, so there is no tax advantage to one choice versus the other. The only difference is that your annuity isn’t taxable on your death – payments simply end in the absence of a guarantee period – but your RRIF is taxable. A RRIF can be transferred to your surviving spouse tax-free on your death, or if you’re the second to die, it’s taxable to your estate and added to the rest of your income for that year.</p>\n<p>When making the choice between a RRIF and an annuity, I think you need to consider the following, Igor:</p>\n<p>1) The greater your desire for flexibility, the more I would be inclined to choose a RRIF.</p>\n<p>2) The higher your investment risk tolerance, the more I would be inclined to choose a RRIF.</p>\n<p>3) The more other sources of annuity/pension income you have beyond CPP or OAS, thereby providing a degree of longevity protection, the more I would be inclined to choose a RRIF.</p>\n<p>4) The shorter you think your life expectancy will be, the more inclined I would be to choose a RRIF.</p>\n<p>5) The higher your desire to provide for a spouse or other beneficiaries on your death, the more inclined I would be to choose a RRIF.</p>\n<p>The vast majority of Canadians choose a RRIF over an annuity for their RRSP savings. What’s right for you depends on your personal circumstances, Igor.</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=\"mailto:ask@moneysense.ca?subject=Ask%20a%20Planner\" >Ask a Planner: Leave your question for Jason Heath »</a></p>\n<p><em>Jason Heath is a fee-only, advice-only Certified Financial Planner (CFP) at Objective Financial Partners Inc. in Toronto, Ontario. He does not sell any financial products whatsoever.</em></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/rrif/rrif-or-annuity-which-one-is-right-for-you/\">RRIF or annuity: Which one is right for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','RRIF or annuity: Which one is right for you?','<p>Igor is turning 71 and has a choice to make. Here are the pros and cons of each</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/rrif/rrif-or-annuity-which-one-is-right-for-you/\">RRIF or annuity: Which one is right for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-22 09:49:43','2016-03-22 13:49:43','',0,'http://www.moneysense.ca/?p=150424',0,'post','',0),(934,1,'2016-03-22 09:49:43','2016-03-22 13:49:43','<p><div id=\"attachment_150432\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-1024x683.jpg\" alt=\"rrif\" width=\"1024\" height=\"683\" class=\"size-large wp-image-150432\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-300x200.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-768x512.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-1024x683.jpg 1024w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-660x440.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785.jpg 1255w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" /><p class=\"wp-caption-text\">(Caimage/Getty Images)</p></div><br />\n<strong>Q: </strong>What are cons and pros of selecting an annuity versus RRIF?</p>\n<p>I will be 71 in July 2016. I currently work and receive OAS and CPP. My wife is 70 in July 2016 and also receives OAS and CPP.</p>\n<p>After I hit my age of 71, I must start withdrawals from my RRSP and I need to make my selection between RRIF and annuity.</p>\n<p><em>—Igor</em></p>\n<p><strong>A: </strong>Since you’re turning 71 in 2016, Igor, you need to do something with your RRSP by the end of the year. The applicable date with RRSPs is December 31 of the year in which you turn 71. By that that date, you need to do one of three things:</p>\n<p>1) Cash out your RRSP completely and add the full market value to your income for the year, paying tax on the full amount. This isn’t a great option.</p>\n<p>2) Convert your RRSP to a Registered Retirement Income Fund (RRIF) and start taking minimum withdrawals starting the following year.</p>\n<p>3) Purchase an annuity from an insurance company with your RRSP funds and receive pre-determined payments for the rest of your life, beginning the following year.</p>\n<p>If you convert your RRSP to a RRIF, your minimum required withdrawal is based on your age. The year you turn 72, your minimum withdrawal is 5.28% of the market value as of December 31 of the previous year. You can choose to base your minimum withdrawal on your spouse’s age and if they are younger, you will have a lower required minimum withdrawal.</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=\"mailto:ask@moneysense.ca?subject=Ask%20a%20Planner\" >Ask a Planner: Leave your question for Jason Heath »</a></p>\n<p>In your case, Igor, if you use your wife’s age, your minimum withdrawal will be 5.00% in 2017.</p>\n<p>As time goes on, the minimum RRIF withdrawals rise to 5.67% by the year you turn 75, 6.58% by the year you turn 80 and so on, before hitting 10.99% by the year you turn 90. If your RRIF isn’t generating a return in excess of the withdrawal rate, you will be drawing down on the capital in your account over time.</p>\n<p>If you purchase an annuity instead, Igor, your income would be based on the annuity features you chose. For example, a single life annuity with annual payments and no guarantee period would generate an income of $7,939 per $100,000 or RRSP based on current annuity interest rates (which are fairly low, like all interest rates). The insurance company would pay you this income for the rest of your life.</p>\n<p>You could choose to have your annuity payment based on both your life and your wife’s life and payable until the second of your two deaths. Or you could choose to have a guarantee period for your payments, even if you died before the guarantee period expired. Features like this would cause your annuity payment to be lower because these features have a “cost”.</p>\n<p>Your CPP or OAS aren’t really impacted by the choice you make. The fact that you’re still working, Igor, doesn’t really impact the decision either. On $100,000 of RRSPs, the minimum RRIF withdrawal would be $5,000 in your case in 2017, Igor, versus a $7,939 annuity payment, so you’d have to pay slightly more tax on the annuity than the RRIF.</p>\n<p>If you choose to go with a RRIF and your account earns a 4% rate of return, it could provide you with the same $7,939 of annual income for 17 years, at which point, the RRIF would be depleted to zero. At 71 years of age, your life expectancy is about 15 years, so the annuity provides a little more than a 4% rate of return on your RRSP money. I suppose whether 4% is a good return depends on who you ask.</p>\n<p>If you live until age 100, your annuity provides a great “rate of return” equal to about 7.5% on a RRIF.</p>\n<p>Both RRIF withdrawals and registered annuity income are taxable in the same way and at the same rate on your tax return, so there is no tax advantage to one choice versus the other. The only difference is that your annuity isn’t taxable on your death – payments simply end in the absence of a guarantee period – but your RRIF is taxable. A RRIF can be transferred to your surviving spouse tax-free on your death, or if you’re the second to die, it’s taxable to your estate and added to the rest of your income for that year.</p>\n<p>When making the choice between a RRIF and an annuity, I think you need to consider the following, Igor:</p>\n<p>1) The greater your desire for flexibility, the more I would be inclined to choose a RRIF.</p>\n<p>2) The higher your investment risk tolerance, the more I would be inclined to choose a RRIF.</p>\n<p>3) The more other sources of annuity/pension income you have beyond CPP or OAS, thereby providing a degree of longevity protection, the more I would be inclined to choose a RRIF.</p>\n<p>4) The shorter you think your life expectancy will be, the more inclined I would be to choose a RRIF.</p>\n<p>5) The higher your desire to provide for a spouse or other beneficiaries on your death, the more inclined I would be to choose a RRIF.</p>\n<p>The vast majority of Canadians choose a RRIF over an annuity for their RRSP savings. What’s right for you depends on your personal circumstances, Igor.</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=\"mailto:ask@moneysense.ca?subject=Ask%20a%20Planner\" >Ask a Planner: Leave your question for Jason Heath »</a></p>\n<p><em>Jason Heath is a fee-only, advice-only Certified Financial Planner (CFP) at Objective Financial Partners Inc. in Toronto, Ontario. He does not sell any financial products whatsoever.</em></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/rrif/rrif-or-annuity-which-one-is-right-for-you/\">RRIF or annuity: Which one is right for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','RRIF or annuity: Which one is right for you?','<p>Igor is turning 71 and has a choice to make. Here are the pros and cons of each</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/rrif/rrif-or-annuity-which-one-is-right-for-you/\">RRIF or annuity: Which one is right for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','932-revision-v1','','','2016-03-22 09:49:43','2016-03-22 13:49:43','',932,'http://feedwordpress.radgeek.com/?rev=21d941c800d6aa6fa8f2f714ecaabe71',0,'revision','',0),(935,1,'2016-03-22 09:49:43','2016-03-22 13:49:43','<p><div id=\"attachment_150432\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img src=\"http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-1024x683.jpg\" alt=\"rrif\" width=\"1024\" height=\"683\" class=\"size-large wp-image-150432\" srcset=\"http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-300x200.jpg 300w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-768x512.jpg 768w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-1024x683.jpg 1024w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785-660x440.jpg 660w, http://www.moneysense.ca/wp-content/uploads/2016/03/GettyImages-483598785.jpg 1255w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" /><p class=\"wp-caption-text\">(Caimage/Getty Images)</p></div><br />\n<strong>Q: </strong>What are cons and pros of selecting an annuity versus RRIF?</p>\n<p>I will be 71 in July 2016. I currently work and receive OAS and CPP. My wife is 70 in July 2016 and also receives OAS and CPP.</p>\n<p>After I hit my age of 71, I must start withdrawals from my RRSP and I need to make my selection between RRIF and annuity.</p>\n<p><em>—Igor</em></p>\n<p><strong>A: </strong>Since you’re turning 71 in 2016, Igor, you need to do something with your RRSP by the end of the year. The applicable date with RRSPs is December 31 of the year in which you turn 71. By that that date, you need to do one of three things:</p>\n<p>1) Cash out your RRSP completely and add the full market value to your income for the year, paying tax on the full amount. This isn’t a great option.</p>\n<p>2) Convert your RRSP to a Registered Retirement Income Fund (RRIF) and start taking minimum withdrawals starting the following year.</p>\n<p>3) Purchase an annuity from an insurance company with your RRSP funds and receive pre-determined payments for the rest of your life, beginning the following year.</p>\n<p>If you convert your RRSP to a RRIF, your minimum required withdrawal is based on your age. The year you turn 72, your minimum withdrawal is 5.28% of the market value as of December 31 of the previous year. You can choose to base your minimum withdrawal on your spouse’s age and if they are younger, you will have a lower required minimum withdrawal.</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=\"mailto:ask@moneysense.ca?subject=Ask%20a%20Planner\" >Ask a Planner: Leave your question for Jason Heath »</a></p>\n<p>In your case, Igor, if you use your wife’s age, your minimum withdrawal will be 5.00% in 2017.</p>\n<p>As time goes on, the minimum RRIF withdrawals rise to 5.67% by the year you turn 75, 6.58% by the year you turn 80 and so on, before hitting 10.99% by the year you turn 90. If your RRIF isn’t generating a return in excess of the withdrawal rate, you will be drawing down on the capital in your account over time.</p>\n<p>If you purchase an annuity instead, Igor, your income would be based on the annuity features you chose. For example, a single life annuity with annual payments and no guarantee period would generate an income of $7,939 per $100,000 or RRSP based on current annuity interest rates (which are fairly low, like all interest rates). The insurance company would pay you this income for the rest of your life.</p>\n<p>You could choose to have your annuity payment based on both your life and your wife’s life and payable until the second of your two deaths. Or you could choose to have a guarantee period for your payments, even if you died before the guarantee period expired. Features like this would cause your annuity payment to be lower because these features have a “cost”.</p>\n<p>Your CPP or OAS aren’t really impacted by the choice you make. The fact that you’re still working, Igor, doesn’t really impact the decision either. On $100,000 of RRSPs, the minimum RRIF withdrawal would be $5,000 in your case in 2017, Igor, versus a $7,939 annuity payment, so you’d have to pay slightly more tax on the annuity than the RRIF.</p>\n<p>If you choose to go with a RRIF and your account earns a 4% rate of return, it could provide you with the same $7,939 of annual income for 17 years, at which point, the RRIF would be depleted to zero. At 71 years of age, your life expectancy is about 15 years, so the annuity provides a little more than a 4% rate of return on your RRSP money. I suppose whether 4% is a good return depends on who you ask.</p>\n<p>If you live until age 100, your annuity provides a great “rate of return” equal to about 7.5% on a RRIF.</p>\n<p>Both RRIF withdrawals and registered annuity income are taxable in the same way and at the same rate on your tax return, so there is no tax advantage to one choice versus the other. The only difference is that your annuity isn’t taxable on your death – payments simply end in the absence of a guarantee period – but your RRIF is taxable. A RRIF can be transferred to your surviving spouse tax-free on your death, or if you’re the second to die, it’s taxable to your estate and added to the rest of your income for that year.</p>\n<p>When making the choice between a RRIF and an annuity, I think you need to consider the following, Igor:</p>\n<p>1) The greater your desire for flexibility, the more I would be inclined to choose a RRIF.</p>\n<p>2) The higher your investment risk tolerance, the more I would be inclined to choose a RRIF.</p>\n<p>3) The more other sources of annuity/pension income you have beyond CPP or OAS, thereby providing a degree of longevity protection, the more I would be inclined to choose a RRIF.</p>\n<p>4) The shorter you think your life expectancy will be, the more inclined I would be to choose a RRIF.</p>\n<p>5) The higher your desire to provide for a spouse or other beneficiaries on your death, the more inclined I would be to choose a RRIF.</p>\n<p>The vast majority of Canadians choose a RRIF over an annuity for their RRSP savings. What’s right for you depends on your personal circumstances, Igor.</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=\"mailto:ask@moneysense.ca?subject=Ask%20a%20Planner\" >Ask a Planner: Leave your question for Jason Heath »</a></p>\n<p><em>Jason Heath is a fee-only, advice-only Certified Financial Planner (CFP) at Objective Financial Partners Inc. in Toronto, Ontario. He does not sell any financial products whatsoever.</em></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/rrif/rrif-or-annuity-which-one-is-right-for-you/\">RRIF or annuity: Which one is right for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','RRIF or annuity: Which one is right for you?','<p>Igor is turning 71 and has a choice to make. Here are the pros and cons of each</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/retirement/rrif/rrif-or-annuity-which-one-is-right-for-you/\">RRIF or annuity: Which one is right for you?</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','933-revision-v1','','','2016-03-22 09:49:43','2016-03-22 13:49:43','',933,'http://feedwordpress.radgeek.com/?rev=21d941c800d6aa6fa8f2f714ecaabe71',0,'revision','',0),(936,1,'2016-03-02 13:32:30','2016-03-02 13:32:30','The V90 is the third vehicle in Volvo’s ’90’ series, which consists of the XC90 SUV and S90 sedan. All three of these are built on Volvo’s new Scalable Product Architecture platform, which means they share drivetrains.\n\nFull Story\nhttp://www.autoguide.com/auto-news/2016/02/2017-volvo-v90-station-wagon-revealed.html\n\nSubscribe\nhttp://www.youtube.com/subscription_center?add_user=AutoGuideVideo\n\nYouTube - http://www.youtube.com/user/AutoguideVideo\nFacebook - http://facebook.com/AutoGuide\nTwitter - http://twitter.com/AutoGuide\nGoogle+ - http://goo.gl/LBxsP\nWeb - http://www.AutoGuide.com\n\nAutoGuide reviews the latest new cars with test drives, car comparisons and shootouts plus coverage of breaking auto industry news, auto shows, rumors and spy photos. Help shop for your new car with informative car buying tips and car recall news, and be entertained with feature stories, Top 10s and car review videos.','2017 Volvo V90 First Look - 2016 Geneva Motor Show','','publish','open','open','','2017-volvo-v90-first-look-2016-geneva-motor-show','','','2016-03-02 13:32:30','2016-03-02 13:32:30','',0,'http://www.l2ocredit.com/2016/03/02/2017-volvo-v90-first-look-2016-geneva-motor-show/',0,'post','',0),(937,0,'2016-03-22 11:07:33','2016-03-22 15:07:33','','2017 Volvo V90 First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-volvo-v90-first-look-2016-geneva-motor-show-2','','','2016-03-22 11:07:33','2016-03-22 15:07:33','',936,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-volvo-v90-first-look-2016-geneva-motor-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(938,0,'2016-03-22 11:07:33','2016-03-22 15:07:33','','2017 Volvo V90 First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-volvo-v90-first-look-2016-geneva-motor-show-3','','','2016-03-22 11:07:33','2016-03-22 15:07:33','',936,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-volvo-v90-first-look-2016-geneva-motor-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(939,0,'2016-03-22 11:07:33','2016-03-22 15:07:33','','2017 Volvo V90 First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-volvo-v90-first-look-2016-geneva-motor-show-3','','','2016-03-22 11:07:33','2016-03-22 15:07:33','',936,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-volvo-v90-first-look-2016-geneva-motor-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(940,0,'2016-03-22 11:07:33','2016-03-22 15:07:33','','2017 Volvo V90 First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-volvo-v90-first-look-2016-geneva-motor-show-4','','','2016-03-22 11:07:33','2016-03-22 15:07:33','',936,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-volvo-v90-first-look-2016-geneva-motor-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(941,0,'2016-03-22 11:07:34','2016-03-22 15:07:34','','2017 Volvo V90 First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-volvo-v90-first-look-2016-geneva-motor-show-5','','','2016-03-22 11:07:34','2016-03-22 15:07:34','',936,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-volvo-v90-first-look-2016-geneva-motor-show-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(942,0,'2016-03-22 11:07:34','2016-03-22 15:07:34','','2017 Volvo V90 First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-volvo-v90-first-look-2016-geneva-motor-show-6','','','2016-03-22 11:07:34','2016-03-22 15:07:34','',936,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-volvo-v90-first-look-2016-geneva-motor-show-youtube-thumbnail-4.jpg',0,'attachment','image/jpeg',0),(943,0,'2016-03-22 11:07:34','2016-03-22 15:07:34','','2017 Volvo V90 First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-volvo-v90-first-look-2016-geneva-motor-show-7','','','2016-03-22 11:07:34','2016-03-22 15:07:34','',936,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-volvo-v90-first-look-2016-geneva-motor-show-youtube-thumbnail-5.jpg',0,'attachment','image/jpeg',0),(944,1,'2016-02-18 20:19:23','2016-02-18 20:19:23','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','2017 Audi Q7 Child Seat Review','','publish','open','open','','2017-audi-q7-child-seat-review','','','2016-02-18 20:19:23','2016-02-18 20:19:23','',0,'http://www.l2ocredit.com/2016/02/18/2017-audi-q7-child-seat-review/',0,'post','',0),(945,0,'2016-03-22 11:50:52','2016-03-22 15:50:52','','2017 Audi Q7 Child Seat Review','','inherit','open','closed','','2017-audi-q7-child-seat-review-2','','','2016-03-22 11:50:52','2016-03-22 15:50:52','',944,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-audi-q7-child-seat-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(946,0,'2016-03-22 11:50:52','2016-03-22 15:50:52','','2017 Audi Q7 Child Seat Review','','inherit','open','closed','','2017-audi-q7-child-seat-review-2','','','2016-03-22 11:50:52','2016-03-22 15:50:52','',944,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-audi-q7-child-seat-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(947,0,'2016-03-22 11:50:52','2016-03-22 15:50:52','','2017 Audi Q7 Child Seat Review','','inherit','open','closed','','2017-audi-q7-child-seat-review-3','','','2016-03-22 11:50:52','2016-03-22 15:50:52','',944,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-audi-q7-child-seat-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(948,1,'2016-02-01 16:39:02','2016-02-01 16:39:02','Does removing the roof of this supercar make it any less a Lamborghini? Full article: http://wp.me/p3LQCT-ZSH\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','First Drive | Lamborghini Huracan Spyder | Driving.ca','','publish','open','open','','first-drive-lamborghini-huracan-spyder-driving-ca','','','2016-02-01 16:39:02','2016-02-01 16:39:02','',0,'http://www.l2ocredit.com/2016/02/01/first-drive-lamborghini-huracan-spyder-driving-ca/',0,'post','',0),(949,0,'2016-03-22 12:07:04','2016-03-22 16:07:04','','First Drive | Lamborghini Huracan Spyder | Driving.ca','','inherit','open','closed','','first-drive-lamborghini-huracan-spyder-driving-ca-2','','','2016-03-22 12:07:04','2016-03-22 16:07:04','',948,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-lamborghini-huracan-spyder-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(950,0,'2016-03-22 12:07:04','2016-03-22 16:07:04','','First Drive | Lamborghini Huracan Spyder | Driving.ca','','inherit','open','closed','','first-drive-lamborghini-huracan-spyder-driving-ca-2','','','2016-03-22 12:07:04','2016-03-22 16:07:04','',948,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-lamborghini-huracan-spyder-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(951,0,'2016-03-22 12:07:06','2016-03-22 16:07:06','','First Drive | Lamborghini Huracan Spyder | Driving.ca','','inherit','open','closed','','first-drive-lamborghini-huracan-spyder-driving-ca-3','','','2016-03-22 12:07:06','2016-03-22 16:07:06','',948,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-lamborghini-huracan-spyder-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(952,0,'2016-03-22 12:07:06','2016-03-22 16:07:06','','First Drive | Lamborghini Huracan Spyder | Driving.ca','','inherit','open','closed','','first-drive-lamborghini-huracan-spyder-driving-ca-3','','','2016-03-22 12:07:06','2016-03-22 16:07:06','',948,'http://www.l2ocredit.com/wp-content/uploads/2016/03/first-drive-lamborghini-huracan-spyder-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(953,1,'2016-01-06 05:10:09','2016-01-06 05:10:09','Hyundai adds a dollop of refinement to its compact crossover, which should make buyers (and the competition) take notice.','2016 Hyundai Tucson Limited AWD','','publish','open','open','','2016-hyundai-tucson-limited-awd','','','2016-01-06 05:10:09','2016-01-06 05:10:09','',0,'http://www.l2ocredit.com/2016/01/06/2016-hyundai-tucson-limited-awd/',0,'post','',0),(954,0,'2016-03-22 12:22:35','2016-03-22 16:22:35','','2016 Hyundai Tucson Limited AWD','','inherit','open','closed','','2016-hyundai-tucson-limited-awd-2','','','2016-03-22 12:22:35','2016-03-22 16:22:35','',953,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-hyundai-tucson-limited-awd-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(955,0,'2016-03-22 12:22:35','2016-03-22 16:22:35','','2016 Hyundai Tucson Limited AWD','','inherit','open','closed','','2016-hyundai-tucson-limited-awd-3','','','2016-03-22 12:22:35','2016-03-22 16:22:35','',953,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-hyundai-tucson-limited-awd-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(956,0,'2016-03-22 12:22:36','2016-03-22 16:22:36','','2016 Hyundai Tucson Limited AWD','','inherit','open','closed','','2016-hyundai-tucson-limited-awd-4','','','2016-03-22 12:22:36','2016-03-22 16:22:36','',953,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-hyundai-tucson-limited-awd-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(957,1,'2016-02-21 23:45:40','2016-02-21 23:45:40','The latest Toyota RAV4 compact utility vehicle is now sold with a hybrid. One of the most popular compact crossover, or SUV family vehicles has the size, function and reliability of the gasoline model but now with a fuel efficient hybrid system.\n\nThe 2015 Toyota RAV4 is built in Canada and a favorite of Canadians looking for proven reliability in a stylish compact utility. The RAV4 has a solid reputation for reliability and durability. This compact SUV is built in Canada and is a best seller year after year.\n\nCompetitors to the RAV4 are the Subaru Crosstrek, Jeep Renegade, Jeep Patriot, Ford Escape, Jeep Compass, Honda HR-V, Mitsubishi Outlander, Mazda CX-3, Fiat 500X, Chevy Trax, Chevrolet Trax, Nissan Rogue, Nissan Juke, Mazda CX-5, Mazda CX-3, Hyundai Tucson, Hyundai Santa Fe, Kia Sorento, Toyota Venza, Toyota Highllander, Kia Sportage, Subaru Forester, Mini Countryman, Honda CR-V, Toyota RAV4, Buick Encore, Volkswagen Tiguan, VW Tiguan, BMW X1, Audi Q3, BMW X3, Chevy Equinox, Chevy Trax, Dodge Journey, Fiat 500X, Fiat 500, Ford Escape, Mazda5, Honda CR-V, Hyundai Tucson, Nissan Juke, Subaru Forester, Toyota RAV4, Subaru Outback, Kia Soul, Mitsubishi RVR, \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 RAV4 Review. Now with a Hybrid','','publish','open','open','','2016-toyota-rav4-review-now-with-a-hybrid','','','2016-02-21 23:45:40','2016-02-21 23:45:40','',0,'http://www.l2ocredit.com/2016/02/21/2016-toyota-rav4-review-now-with-a-hybrid/',0,'post','',0),(958,0,'2016-03-22 12:46:02','2016-03-22 16:46:02','','2016 Toyota RAV4 Review. Now with a Hybrid','','inherit','open','closed','','2016-toyota-rav4-review-now-with-a-hybrid-2','','','2016-03-22 12:46:02','2016-03-22 16:46:02','',957,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-review-now-with-a-hybrid-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(959,0,'2016-03-22 12:46:02','2016-03-22 16:46:02','','2016 Toyota RAV4 Review. Now with a Hybrid','','inherit','open','closed','','2016-toyota-rav4-review-now-with-a-hybrid-2','','','2016-03-22 12:46:02','2016-03-22 16:46:02','',957,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-review-now-with-a-hybrid-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(960,0,'2016-03-22 12:46:02','2016-03-22 16:46:02','','2016 Toyota RAV4 Review. Now with a Hybrid','','inherit','open','closed','','2016-toyota-rav4-review-now-with-a-hybrid-3','','','2016-03-22 12:46:02','2016-03-22 16:46:02','',957,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-review-now-with-a-hybrid-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(961,0,'2016-03-22 12:46:05','2016-03-22 16:46:05','','2016 Toyota RAV4 Review. Now with a Hybrid','','inherit','open','closed','','2016-toyota-rav4-review-now-with-a-hybrid-4','','','2016-03-22 12:46:05','2016-03-22 16:46:05','',957,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-review-now-with-a-hybrid-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(962,1,'2016-03-01 20:27:13','2016-03-01 20:27:13','Like Us on Facebook! https://www.facebook.com/pages/Camerons-Car-Reviews/349462695066112?ref=hl \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews','2016 Mercedes-Benz GLA Class (GLA250) 2.0 L Turbo 4-Cylinder Review | Camerons Car Reviews','','publish','open','open','','2016-mercedes-benz-gla-class-gla250-2-0-l-turbo-4-cylinder-review-camerons-car-reviews','','','2016-03-01 20:27:13','2016-03-01 20:27:13','',0,'http://www.l2ocredit.com/2016/03/01/2016-mercedes-benz-gla-class-gla250-2-0-l-turbo-4-cylinder-review-camerons-car-reviews/',0,'post','',0),(963,0,'2016-03-22 13:03:45','2016-03-22 17:03:45','','2016 Mercedes-Benz GLA Class (GLA250) 2.0 L Turbo 4-Cylinder Review | Camerons Car Reviews','','inherit','open','closed','','2016-mercedes-benz-gla-class-gla250-2-0-l-turbo-4-cylinder-review-camerons-car-reviews-2','','','2016-03-22 13:03:45','2016-03-22 17:03:45','',962,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-mercedes-benz-gla-class-gla250-2-0-l-turbo-4-cylinder-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(964,0,'2016-03-22 13:03:45','2016-03-22 17:03:45','','2016 Mercedes-Benz GLA Class (GLA250) 2.0 L Turbo 4-Cylinder Review | Camerons Car Reviews','','inherit','open','closed','','2016-mercedes-benz-gla-class-gla250-2-0-l-turbo-4-cylinder-review-camerons-car-reviews-3','','','2016-03-22 13:03:45','2016-03-22 17:03:45','',962,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-mercedes-benz-gla-class-gla250-2-0-l-turbo-4-cylinder-review-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(965,0,'2016-03-22 13:03:45','2016-03-22 17:03:45','','2016 Mercedes-Benz GLA Class (GLA250) 2.0 L Turbo 4-Cylinder Review | Camerons Car Reviews','','inherit','open','closed','','2016-mercedes-benz-gla-class-gla250-2-0-l-turbo-4-cylinder-review-camerons-car-reviews-4','','','2016-03-22 13:03:45','2016-03-22 17:03:45','',962,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-mercedes-benz-gla-class-gla250-2-0-l-turbo-4-cylinder-review-camerons-car-reviews-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(966,1,'2016-02-15 11:00:02','2016-02-15 11:00:02','As hatchback sales continue to lay stagnant in the U.S. marketplace, Toyota\'s youth-focused division figured it was high time to build a car that many young car buyers have been asking for: an affordable-yet-stylish small sedan. The Scion iA is just that, but is it any good? KBB’s Zach Vlasuk investigates in this video.  \n\nFor the latest Scion iA pricing and information:\nhttp://www.kbb.com/scion/ia/2016/\n\nKelley Blue Book is your source for new car reviews, auto show coverage, features, and comparison tests. Subscribe to catch all the latest Kelley Blue Book videos. http://www.youtube.com/subscription_center?add_user=kbb\n\nTo follow Zach Vlasuk on Twitter, please visit: http://www.twitter.com/zachvlasuk','2016 Scion iA - Review and Road Test','','publish','open','open','','2016-scion-ia-review-and-road-test','','','2016-02-15 11:00:02','2016-02-15 11:00:02','',0,'http://www.l2ocredit.com/2016/02/15/2016-scion-ia-review-and-road-test/',0,'post','',0),(967,0,'2016-03-22 13:19:47','2016-03-22 17:19:47','','2016 Scion iA &#8211; Review and Road Test','','inherit','open','closed','','2016-scion-ia-review-and-road-test-2','','','2016-03-22 13:19:47','2016-03-22 17:19:47','',966,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-scion-ia-review-and-road-test-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(968,1,'2016-03-02 12:30:33','2016-03-02 12:30:33','Toyota’s new C-HR crossover has been fully revealed at the 2016 Geneva Motor Show.\n\nFull story: http://www.autoguide.com/auto-news/2016/03/toyota-c-hr-crossover-revealed-with-prius-power.html\n\nSubscribe\nhttp://www.youtube.com/subscription_center?add_user=AutoGuideVideo\n\nYouTube - http://www.youtube.com/user/AutoguideVideo\nFacebook - http://facebook.com/AutoGuide\nTwitter - http://twitter.com/AutoGuide\nGoogle+ - http://goo.gl/LBxsP\nWeb - http://www.AutoGuide.com\n\nAutoGuide reviews the latest new cars with test drives, car comparisons and shootouts plus coverage of breaking auto industry news, auto shows, rumors and spy photos. Help shop for your new car with informative car buying tips and car recall news, and be entertained with feature stories, Top 10s and car review videos.','2017 Toyota C-HR First Look - 2016 Geneva Motor Show','','publish','open','open','','2017-toyota-c-hr-first-look-2016-geneva-motor-show','','','2016-03-02 12:30:33','2016-03-02 12:30:33','',0,'http://www.l2ocredit.com/2016/03/02/2017-toyota-c-hr-first-look-2016-geneva-motor-show/',0,'post','',0),(969,0,'2016-03-22 13:47:20','2016-03-22 17:47:20','','2017 Toyota C-HR First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-toyota-c-hr-first-look-2016-geneva-motor-show-2','','','2016-03-22 13:47:20','2016-03-22 17:47:20','',968,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-toyota-c-hr-first-look-2016-geneva-motor-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(970,0,'2016-03-22 13:47:20','2016-03-22 17:47:20','','2017 Toyota C-HR First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-toyota-c-hr-first-look-2016-geneva-motor-show-3','','','2016-03-22 13:47:20','2016-03-22 17:47:20','',968,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-toyota-c-hr-first-look-2016-geneva-motor-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(971,0,'2016-03-22 13:47:20','2016-03-22 17:47:20','','2017 Toyota C-HR First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-toyota-c-hr-first-look-2016-geneva-motor-show-4','','','2016-03-22 13:47:20','2016-03-22 17:47:20','',968,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-toyota-c-hr-first-look-2016-geneva-motor-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(972,1,'2016-02-16 23:42:36','2016-02-16 23:42:36','MotoMan drives the 2016 BMW M2 on Laguna Seca and yes, goes through the engineering that went into the 365 HP BMW N55 3.0 Turbo 6 cylinder engine, the herculean effort to keep it cool &amp; reliable as well as the bits that affect the driving dynamics – but after lapping Laguna Seca multiple times in this spiritual successor to nostalgic BMWs of the past, the BMW M2 presents MotoMan with not only an unusual question of balance but what does it compete with . . .\n\nFor more information on the #BMW #M2 - check out our TECH REVIEW: https://www.youtube.com/watch?v=-j1N_Rf7lLI&amp;list=PLF6ek7dWy48pH67nILSKoOv9ioCIMX3oW&amp;index=2\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_c...\n\nDownload our MotoManTV App!\n\niTunes/iOS:\nhttps://itunes.apple.com/us/app/motom...\n\nGoogle Play/Android: https://play.google.com/store/apps/de...\n\nCheck out our BMW Playlist:\nhttps://www.youtube.com/playlist?list...\n\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV\n\nNEW MUSIC including Raw by Kevin MacLeod/incompetech.com &amp; Jahzzar','2016 BMW M2 FIRST DRIVE REVIEW on Laguna Seca  (2 of 2)','','publish','open','open','','2016-bmw-m2-first-drive-review-on-laguna-seca-2-of-2','','','2016-02-16 23:42:36','2016-02-16 23:42:36','',0,'http://www.l2ocredit.com/2016/02/16/2016-bmw-m2-first-drive-review-on-laguna-seca-2-of-2/',0,'post','',0),(973,0,'2016-03-22 14:02:40','2016-03-22 18:02:40','','2016 BMW M2 FIRST DRIVE REVIEW on Laguna Seca  (2 of 2)','','inherit','open','closed','','2016-bmw-m2-first-drive-review-on-laguna-seca-2-of-2-2','','','2016-03-22 14:02:40','2016-03-22 18:02:40','',972,'http://www.l2ocredit.com/2016/02/16/2016-bmw-m2-first-drive-review-on-laguna-seca-2-of-2/2016-bmw-m2-first-drive-review-on-laguna-seca-2-of-2-2/',0,'attachment','image/jpeg',0),(974,1,'2016-02-14 00:17:37','2016-02-14 00:17:37','The RAv4 isn\'t the fastest of sharpest handling compact crossover but if you\'re looking for the reliable highway cruiser this is the CUV for you.\n\nNEW RAV4 Hybrid: https://youtu.be/9XMLuV42jpM\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 Toyota RAV4 Review and Road Test - DETAILED in 4K UHD','','publish','open','open','','2016-toyota-rav4-review-and-road-test-detailed-in-4k-uhd','','','2016-02-14 00:17:37','2016-02-14 00:17:37','',0,'http://www.l2ocredit.com/2016/02/14/2016-toyota-rav4-review-and-road-test-detailed-in-4k-uhd/',0,'post','',0),(975,0,'2016-03-22 14:20:56','2016-03-22 18:20:56','','2016 Toyota RAV4 Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-toyota-rav4-review-and-road-test-detailed-in-4k-uhd-2','','','2016-03-22 14:20:56','2016-03-22 18:20:56','',974,'http://www.l2ocredit.com/2016/02/14/2016-toyota-rav4-review-and-road-test-detailed-in-4k-uhd/2016-toyota-rav4-review-and-road-test-detailed-in-4k-uhd-2/',0,'attachment','image/jpeg',0),(976,1,'2016-03-22 13:27:18','2016-03-22 17:27:18','<p>How will the federal budget affect your wallet? <a href=\"http://www.macleans.ca/federal-budget-2016/\" >Watch</a> <em>MoneySense</em> panelists <a href=\"http://www.moneysense.ca/author/romana-king/\" >Romana King</a>, <em>MoneySense</em> senior editor, Evelyn Jacks, founder and president of <a href=\"http://www.knowledgebureau.com/\" >Knowledge Bureau </a>and Janet Gray, certified financial planner at <a href=\"http://moneycoachescanada.ca/about/janet-gray/\" >MoneyCoachesCanada</a> for instant analysis this afternoon.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/live-panel-moneysense-and-macleans-discuss-budget-2016/\">Panel: MoneySense experts discuss Budget 2016</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Panel: MoneySense experts discuss Budget 2016','<p>Tune in at 4 p.m. ET to learn how the federal budget will affect you</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/live-panel-moneysense-and-macleans-discuss-budget-2016/\">Panel: MoneySense experts discuss Budget 2016</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-22 13:27:18','2016-03-22 17:27:18','',0,'http://www.moneysense.ca/?p=150494',0,'post','',0),(977,1,'2016-03-22 13:27:18','2016-03-22 17:27:18','<p>How will the federal budget affect your wallet? <a href=\"http://www.macleans.ca/federal-budget-2016/\" >Watch</a> <em>MoneySense</em> panelists <a href=\"http://www.moneysense.ca/author/romana-king/\" >Romana King</a>, <em>MoneySense</em> senior editor, Evelyn Jacks, founder and president of <a href=\"http://www.knowledgebureau.com/\" >Knowledge Bureau </a>and Janet Gray, certified financial planner at <a href=\"http://moneycoachescanada.ca/about/janet-gray/\" >MoneyCoachesCanada</a> for instant analysis this afternoon.</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/live-panel-moneysense-and-macleans-discuss-budget-2016/\">Panel: MoneySense experts discuss Budget 2016</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Panel: MoneySense experts discuss Budget 2016','<p>Tune in at 4 p.m. ET to learn how the federal budget will affect you</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/live-panel-moneysense-and-macleans-discuss-budget-2016/\">Panel: MoneySense experts discuss Budget 2016</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','976-revision-v1','','','2016-03-22 13:27:18','2016-03-22 17:27:18','',976,'http://feedwordpress.radgeek.com/?rev=0344236d32b75ecc1d1b2c041e0975fc',0,'revision','',0),(978,1,'2016-02-02 14:20:50','2016-02-02 14:20:50','Peter Schurmann has owned this elegant GT car for over 34 years. Full Article: http://wp.me/p3LQCT-ZD4\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','Classic Car | 1974 Aston Martin V8 | Driving.ca','','publish','open','open','','classic-car-1974-aston-martin-v8-driving-ca','','','2016-02-02 14:20:50','2016-02-02 14:20:50','',0,'http://www.l2ocredit.com/2016/02/02/classic-car-1974-aston-martin-v8-driving-ca/',0,'post','',0),(979,0,'2016-03-22 14:37:31','2016-03-22 18:37:31','','Classic Car | 1974 Aston Martin V8 | Driving.ca','','inherit','open','closed','','classic-car-1974-aston-martin-v8-driving-ca-2','','','2016-03-22 14:37:31','2016-03-22 18:37:31','',978,'http://www.l2ocredit.com/wp-content/uploads/2016/03/classic-car-1974-aston-martin-v8-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(980,0,'2016-03-22 14:37:32','2016-03-22 18:37:32','','Classic Car | 1974 Aston Martin V8 | Driving.ca','','inherit','open','closed','','classic-car-1974-aston-martin-v8-driving-ca-3','','','2016-03-22 14:37:32','2016-03-22 18:37:32','',978,'http://www.l2ocredit.com/wp-content/uploads/2016/03/classic-car-1974-aston-martin-v8-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(981,0,'2016-03-22 14:37:33','2016-03-22 18:37:33','','Classic Car | 1974 Aston Martin V8 | Driving.ca','','inherit','open','closed','','classic-car-1974-aston-martin-v8-driving-ca-4','','','2016-03-22 14:37:33','2016-03-22 18:37:33','',978,'http://www.l2ocredit.com/wp-content/uploads/2016/03/classic-car-1974-aston-martin-v8-driving-ca-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(982,1,'2015-12-22 18:22:00','2015-12-22 18:22:00','No longer looking like the box it came in, Pilot now totes the family with more refinement. The six-speed transmission might be the way to go though.','2016 Honda Pilot Elite','','publish','open','open','','2016-honda-pilot-elite','','','2015-12-22 18:22:00','2015-12-22 18:22:00','',0,'http://www.l2ocredit.com/2015/12/22/2016-honda-pilot-elite/',0,'post','',0),(983,0,'2016-03-22 14:55:58','2016-03-22 18:55:58','','2016 Honda Pilot Elite','','inherit','open','closed','','2016-honda-pilot-elite-2','','','2016-03-22 14:55:58','2016-03-22 18:55:58','',982,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-honda-pilot-elite-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(984,0,'2016-03-22 14:55:58','2016-03-22 18:55:58','','2016 Honda Pilot Elite','','inherit','open','closed','','2016-honda-pilot-elite-2','','','2016-03-22 14:55:58','2016-03-22 18:55:58','',982,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-honda-pilot-elite-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(985,0,'2016-03-22 14:55:58','2016-03-22 18:55:58','','2016 Honda Pilot Elite','','inherit','open','closed','','2016-honda-pilot-elite-2','','','2016-03-22 14:55:58','2016-03-22 18:55:58','',982,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-honda-pilot-elite-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(986,0,'2016-03-22 14:55:58','2016-03-22 18:55:58','','2016 Honda Pilot Elite','','inherit','open','closed','','2016-honda-pilot-elite-3','','','2016-03-22 14:55:58','2016-03-22 18:55:58','',982,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-honda-pilot-elite-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(987,1,'2016-02-10 01:26:39','2016-02-10 01:26:39','This is a VW Tiguan Review. 2017 Tiguan or 2018 Tiguan. The next generation all-new VW, or Volkswagen Tiguan will be arriving in 2017 as a 2018 model. This is the first small SUV or Crossover to be built of VW\'s MQB platform. The new Tiguan is larger, with more interior space for up to 7-passengers and three-rows of seats. The Tiguan will have an advanced all wheel drive (AWD) system with dynamic chassis control (DCC) and will come with a turbocharged 4-cylinder or DTI. The next VW Tiguan will now have what it takes to compete in the heart of the compact crossover segment.\nThe 2016 Subaru Crosstrek is formally the XV Crosstrek, or Subaru Crosstreck. With more ground clearance than a subcompact crossover, like the Honda HR-V or Mazda CX-3, this new Subaru is more manageable than the popular Compact crossovers like the Honda CR-V, Toyota Rav4 and Forester. \nFor Canadians that like to go off the beaten path, the 220mm of ground clearance will help this Subie Crosstrek in winter driving and off-road. Not a traditional SUV, this tall wagon style of compact crossover is what many Canadians are looking for.\nCompetitors to the VW Tiguan are the Subaru Crosstrek, the Jeep Renegade, Jeep Patriot, Ford Escape, Jeep Compass, Honda HR-V, Mitsubishi Outlander, Mazda CX-3, Fiat 500X, Chevy Trax, Chevrolet Trax, Nissan Rogue, Nissan Juke, Mazda CX-5, Mazda CX-3, Hyundai Tucson, Kia Sportage, Subaru Forester, Mini Countryman, Honda CR-V, Toyota RAV4, Buick Encore, Volkswagen Tiguan, VW Tiguan, BMW X1\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','All-new Tiguan (Video Blog #45)','','publish','open','open','','all-new-tiguan-video-blog-45','','','2016-02-10 01:26:39','2016-02-10 01:26:39','',0,'http://www.l2ocredit.com/2016/02/10/all-new-tiguan-video-blog-45/',0,'post','',0),(988,0,'2016-03-22 15:21:56','2016-03-22 19:21:56','','All-new Tiguan (Video Blog #45)','','inherit','open','closed','','all-new-tiguan-video-blog-45-2','','','2016-03-22 15:21:56','2016-03-22 19:21:56','',987,'http://www.l2ocredit.com/wp-content/uploads/2016/03/all-new-tiguan-video-blog-45-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(989,0,'2016-03-22 15:21:56','2016-03-22 19:21:56','','All-new Tiguan (Video Blog #45)','','inherit','open','closed','','all-new-tiguan-video-blog-45-2','','','2016-03-22 15:21:56','2016-03-22 19:21:56','',987,'http://www.l2ocredit.com/wp-content/uploads/2016/03/all-new-tiguan-video-blog-45-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(990,0,'2016-03-22 15:21:56','2016-03-22 19:21:56','','All-new Tiguan (Video Blog #45)','','inherit','open','closed','','all-new-tiguan-video-blog-45-3','','','2016-03-22 15:21:56','2016-03-22 19:21:56','',987,'http://www.l2ocredit.com/wp-content/uploads/2016/03/all-new-tiguan-video-blog-45-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(991,0,'2016-03-22 15:21:57','2016-03-22 19:21:57','','All-new Tiguan (Video Blog #45)','','inherit','open','closed','','all-new-tiguan-video-blog-45-4','','','2016-03-22 15:21:57','2016-03-22 19:21:57','',987,'http://www.l2ocredit.com/wp-content/uploads/2016/03/all-new-tiguan-video-blog-45-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(992,1,'2016-02-27 23:20:56','2016-02-27 23:20:56','Like Us on Facebook! https://www.facebook.com/pages/Camero... \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews \nCamerons Car Reviews Score: 4/5\nPowertrain Options: 1.8 L 4-Cylinder with a 6-Speed Manual or CVT Automatic FWD  \nEngine &amp; Performance\nBASE ENGINE SIZE 1.8 L \nCAM TYPE Double overhead cam (DOHC)\nCYLINDERS Inline 4 \nVALVES 16\nVALVE TIMING Variable \nTORQUE 128 ft-lbs. @ 3600 rpm\nHORSEPOWER 130 hp @ 6000 rpm \nTURNING CIRCLE 34.8 ft.\nWeights and Capacities\nMAXIMUM PAYLOAD** 966 lbs. \nEPA INTERIOR VOLUME 111.0 cu.ft.\nGROSS WEIGHT 3823 lbs. \nCURB WEIGHT 2857 lbs.\nCARGO CAPACITY, ALL SEATS IN PLACE 15.1 cu.ft. \nFuel\nENGINE TYPE Gas \nFUEL TYPE Regular unleaded\nFUEL TANK CAPACITY 13.2 gal. \nRANGE IN MILES (CTY/HWY) 382.8/501.6 mi.\nEPA MILEAGE EST. (CTY/HWY) 29/38 mpg \nCompetitors: Honda Civic, Ford Focus, Hyundai Elantra, Kia Forte, Dodge Dart, Toyota Corolla, Chevrolet Cruze','2016 Nissan Sentra SV 1.8 L 4-Cylinder Review | Camerons Car Reviews','','publish','open','open','','2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews','','','2016-02-27 23:20:56','2016-02-27 23:20:56','',0,'http://www.l2ocredit.com/2016/02/27/2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews/',0,'post','',0),(993,0,'2016-03-22 16:04:55','2016-03-22 20:04:55','','2016 Nissan Sentra SV 1.8 L 4-Cylinder Review | Camerons Car Reviews','','inherit','open','closed','','2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-2','','','2016-03-22 16:04:55','2016-03-22 20:04:55','',992,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(994,0,'2016-03-22 16:04:57','2016-03-22 20:04:57','','2016 Nissan Sentra SV 1.8 L 4-Cylinder Review | Camerons Car Reviews','','inherit','open','closed','','2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-3','','','2016-03-22 16:04:57','2016-03-22 20:04:57','',992,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(995,0,'2016-03-22 16:04:57','2016-03-22 20:04:57','','2016 Nissan Sentra SV 1.8 L 4-Cylinder Review | Camerons Car Reviews','','inherit','open','closed','','2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-3','','','2016-03-22 16:04:57','2016-03-22 20:04:57','',992,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(996,0,'2016-03-22 16:04:57','2016-03-22 20:04:57','','2016 Nissan Sentra SV 1.8 L 4-Cylinder Review | Camerons Car Reviews','','inherit','open','closed','','2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-4','','','2016-03-22 16:04:57','2016-03-22 20:04:57','',992,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(997,0,'2016-03-22 16:04:57','2016-03-22 20:04:57','','2016 Nissan Sentra SV 1.8 L 4-Cylinder Review | Camerons Car Reviews','','inherit','open','closed','','2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-5','','','2016-03-22 16:04:57','2016-03-22 20:04:57','',992,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-nissan-sentra-sv-1-8-l-4-cylinder-review-camerons-car-reviews-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(998,1,'2016-02-13 23:17:10','2016-02-13 23:17:10','KBB\'s coverage of the Mercedes-Benz Sprinter Extreme Concept at the 2016 Chicago Auto Show. \n\nKelley Blue Book is your source for new car reviews, auto show coverage, features, comparison tests, and technology reviews. Subscribe to catch all the latest Kelley Blue Book videos. http://www.youtube.com/subscription_center?add_user=kbb','Mercedes-Benz Sprinter Extreme Concept - 2016 Chicago Auto Show','','publish','open','open','','mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show','','','2016-02-13 23:17:10','2016-02-13 23:17:10','',0,'http://www.l2ocredit.com/2016/02/13/mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show/',0,'post','',0),(999,0,'2016-03-22 16:32:11','2016-03-22 20:32:11','','Mercedes-Benz Sprinter Extreme Concept &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-2','','','2016-03-22 16:32:11','2016-03-22 20:32:11','',998,'http://www.l2ocredit.com/wp-content/uploads/2016/03/mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1000,0,'2016-03-22 16:32:11','2016-03-22 20:32:11','','Mercedes-Benz Sprinter Extreme Concept &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-3','','','2016-03-22 16:32:11','2016-03-22 20:32:11','',998,'http://www.l2ocredit.com/wp-content/uploads/2016/03/mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1001,0,'2016-03-22 16:32:11','2016-03-22 20:32:11','','Mercedes-Benz Sprinter Extreme Concept &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-4','','','2016-03-22 16:32:11','2016-03-22 20:32:11','',998,'http://www.l2ocredit.com/wp-content/uploads/2016/03/mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1002,0,'2016-03-22 16:32:11','2016-03-22 20:32:11','','Mercedes-Benz Sprinter Extreme Concept &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-4','','','2016-03-22 16:32:11','2016-03-22 20:32:11','',998,'http://www.l2ocredit.com/wp-content/uploads/2016/03/mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1003,0,'2016-03-22 16:32:12','2016-03-22 20:32:12','','Mercedes-Benz Sprinter Extreme Concept &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-5','','','2016-03-22 16:32:12','2016-03-22 20:32:12','',998,'http://www.l2ocredit.com/wp-content/uploads/2016/03/mercedes-benz-sprinter-extreme-concept-2016-chicago-auto-show-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1004,1,'2016-03-22 17:01:22','2016-03-22 21:01:22','<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>On Tuesday, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn&#8217;t get much bigger than that $29.4 billion deficit), many families wonder just how this budget will affect them. Here are six key changes that will impact Canadian parents:</p>\n<h3><strong>No. 1: The introduction of the Canada Child Benefit </strong></h3>\n<p>Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>An example: Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child is under age six, or $3,916 if their child is aged six to 17. Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged six to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.&#8221;</p>\n<p>It adds: &#8220;It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system. Some examples:</p>\n<blockquote><p><strong>Increased Benefits for a Family of Four With $90,000<br />\n</strong>Fictional couple Aveen and Sarita have two children aged eight and five. Aveen earned $30,000 in 2015, and Sarita earned $60,000. Together, they would have received a total of $3,145 under the current system (for the July 2016 to June 2017 benefit year). In comparison, the Canada Child Benefit program will deliver $5,650 in tax-free payments, a net after-tax increase of $2,505.</p>\n<p><strong>Increased Benefits for a Single Parent With One Child and $30,000<br />\n</strong>Samantha is a single parent with one child aged three. She earned $30,000 in 2015. Samantha would have received $4,852 under the current system (for the July 2016 to June 2017 benefit year). Instead, she will receive $6,400 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,548.</p>\n<p><strong>Increased Benefits for a Family of Four With $120,000<br />\n</strong>Ann and Derek have two children aged seven and four. Derek earned $84,000 and Ann earned $36,000 in 2015. Together, they would have received $1,901 under the current system (for the July 2016 to June 2017 benefit year). They will receive $3,940 in tax-free Canada Child Benefit payments, a net after-tax increase of $2,039.</p>\n<p><strong>Increased Benefits for a Family With One Child Eligible for the Child Disability Benefit<br />\n</strong>Marion and Jacques have one child, aged four, who is eligible for the Child Disability Benefit. Marion earned $40,000 and Jacques earned $20,000 in 2015. Marion and Jacques would have received $5,129 under the current system (for the July 2016 to June 2017 benefit year). Instead, they will receive $7,030 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,901.</p>\n<p>These additional child benefits include:</p>\n<ul>\n<li>An increase of $1,607 from the introduction of the Canada Child Benefit</li>\n<li>And an increase of $294 from the change to the Child Disability Benefit.</li>\n</ul>\n</blockquote>\n<h3><strong>No. 2: A reduction in the middle-income tax bracket</strong></h3>\n<p>As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly nine million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for people who earn more than $200,000 each year.</p>\n<h3><strong>No. 3: </strong><strong>An increase in child disability benefits</strong></h3>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<h3><strong>No. 4: </strong><strong>The elimination of income splitting for couples with kids</strong></h3>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document this is in direct reference to the prior Conservative government’s introduction of the Family Tax Credit, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<h3><strong>No. 5: </strong><strong>No more fitness or arts tax credits for kids</strong></h3>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively). These will be eliminated. The justification for this is an attempt to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate nor retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<h3><strong>No. 6: </strong><strong>An investment in childcare</strong></h3>\n<p>The Liberals want to invest $500 million to establish a National Framework on Early Learning and Child Care, starting in 2017 ($100 million of this is earmarked for Indigenous child care and early learning on reserve). This will facilitate how provinces address childcare needs.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the budget will affect families','<p>Six changes in the federal budget that will affect parents</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-22 17:01:22','2016-03-22 21:01:22','',0,'http://www.moneysense.ca/?p=150458',0,'post','',0),(1005,1,'2016-03-22 17:01:22','2016-03-22 21:01:22','<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>On Tuesday, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn&#8217;t get much bigger than that $29.4 billion deficit), many families wonder just how this budget will affect them. Here are six key changes that will impact Canadian parents:</p>\n<h3><strong>No. 1: The introduction of the Canada Child Benefit </strong></h3>\n<p>Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>An example: Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child is under age six, or $3,916 if their child is aged six to 17. Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged six to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.&#8221;</p>\n<p>It adds: &#8220;It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system. Some examples:</p>\n<blockquote><p><strong>Increased Benefits for a Family of Four With $90,000<br />\n</strong>Fictional couple Aveen and Sarita have two children aged eight and five. Aveen earned $30,000 in 2015, and Sarita earned $60,000. Together, they would have received a total of $3,145 under the current system (for the July 2016 to June 2017 benefit year). In comparison, the Canada Child Benefit program will deliver $5,650 in tax-free payments, a net after-tax increase of $2,505.</p>\n<p><strong>Increased Benefits for a Single Parent With One Child and $30,000<br />\n</strong>Samantha is a single parent with one child aged three. She earned $30,000 in 2015. Samantha would have received $4,852 under the current system (for the July 2016 to June 2017 benefit year). Instead, she will receive $6,400 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,548.</p>\n<p><strong>Increased Benefits for a Family of Four With $120,000<br />\n</strong>Ann and Derek have two children aged seven and four. Derek earned $84,000 and Ann earned $36,000 in 2015. Together, they would have received $1,901 under the current system (for the July 2016 to June 2017 benefit year). They will receive $3,940 in tax-free Canada Child Benefit payments, a net after-tax increase of $2,039.</p>\n<p><strong>Increased Benefits for a Family With One Child Eligible for the Child Disability Benefit<br />\n</strong>Marion and Jacques have one child, aged four, who is eligible for the Child Disability Benefit. Marion earned $40,000 and Jacques earned $20,000 in 2015. Marion and Jacques would have received $5,129 under the current system (for the July 2016 to June 2017 benefit year). Instead, they will receive $7,030 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,901.</p>\n<p>These additional child benefits include:</p>\n<ul>\n<li>An increase of $1,607 from the introduction of the Canada Child Benefit</li>\n<li>And an increase of $294 from the change to the Child Disability Benefit.</li>\n</ul>\n</blockquote>\n<h3><strong>No. 2: A reduction in the middle-income tax bracket</strong></h3>\n<p>As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly nine million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for people who earn more than $200,000 each year.</p>\n<h3><strong>No. 3: </strong><strong>An increase in child disability benefits</strong></h3>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<h3><strong>No. 4: </strong><strong>The elimination of income splitting for couples with kids</strong></h3>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document this is in direct reference to the prior Conservative government’s introduction of the Family Tax Credit, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<h3><strong>No. 5: </strong><strong>No more fitness or arts tax credits for kids</strong></h3>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively). These will be eliminated. The justification for this is an attempt to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate nor retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<h3><strong>No. 6: </strong><strong>An investment in childcare</strong></h3>\n<p>The Liberals want to invest $500 million to establish a National Framework on Early Learning and Child Care, starting in 2017 ($100 million of this is earmarked for Indigenous child care and early learning on reserve). This will facilitate how provinces address childcare needs.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the budget will affect families','<p>Six changes in the federal budget that will affect parents</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1004-revision-v1','','','2016-03-22 17:01:22','2016-03-22 21:01:22','',1004,'http://feedwordpress.radgeek.com/?rev=fa770cf6d91e4ac92082c8ab8af21ef0',0,'revision','',0),(1006,1,'2016-03-22 16:47:07','2016-03-22 20:47:07','<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>Want to focus on deficit reduction, tax cuts and seniors? You’ve got the wrong budget. Much as they did with their election platform, the Liberals took aim at middle-class Canadians, with a few small business hits and misses, lots of infrastructure spending promises and a great deal of promises that focused on Canada’s health and well-being of First Nations communities.</p>\n<p>The key takeaway from Finance Minister Bill Morneau is that Budget 2016 works to improve the lives of middle-class Canadians. Here are 24 ways the budget will impact you and your pocketbook.</p>\n<p><strong>Income Tax: </strong></p>\n<p><strong>1. Reduction of  mid income tax bracket</strong></p>\n<p>As previously announced, the Liberals confirmed in this budget that the middle-class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly 9 million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p><strong>2. New HNW tax bracket</strong></p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for high net worth people who earn more than $200,000 each year.</p>\n<p><strong>3. Crackdown on tax evasion</strong></p>\n<p>The Liberals will invest $444.4 million over five years to help the Canada Revenue Agency to crack down on tax evasion. This money will go to hiring more tax auditors and specialists, developing robust business intelligence infrastructure, increasing verification activities and investigating criminal tax evaders.</p>\n<p>The Liberals will also spend $351.6 million over the next five years to help the Canada Revenue Agency improve its ability to collect outstanding tax debts. The new federal government assumes this will help bring in $7.4 billion in tax debt over this time frame.</p>\n<p><strong>4.</strong><strong> Closing tax loopholes for HNW</strong></p>\n<p>For those private corporation business owners, this Budget will close loopholes that allow them to use a life insurance policy to make distributions tax free.</p>\n<p><strong>Seniors: </strong></p>\n<p><strong>5.</strong><strong> Retirement age officially rolled-back to 65</strong></p>\n<p>The Liberals are keeping the retirement age at 65 by officially reversing the Conservatives’ decision to raise it to 67 beginning in 2023.</p>\n<p>As stated: “Restoring the eligibility age for Old Age Security and Guaranteed Income Supplement 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. Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty.”</p>\n<p><strong>6.</strong><strong> Low-income seniors get 10% more in GIS benefits</strong></p>\n<p>Starting in July 2016, low-income seniors who rely almost exclusively on Old Age Security and Guaranteed Income Supplement (GIS) benefits can expect a 10% increase to their total maximum GIS benefits.</p>\n<p>This top-up will increase annual GIS payouts to $947 annually for those single seniors living on $4,600 or less per year (not including OAS and GIS benefits), and more than doubles the current GIS maximum limit.</p>\n<p>According to the Budget, this should help improve the financial security of roughly 900,000 single seniors in Canada—those seniors most susceptible to living in poverty in Canada.</p>\n<p><strong>7. </strong><strong>Couples can now split their GIS benefits</strong></p>\n<p>In an effort to reduce the number of seniors living in poverty, the Liberals propose to amend the <em>Old Age Security Act</em> to allow senior couples who qualify for GIS and Allowance benefit to receive higher benefits should they be forced to live apart due, for example, to health reasons.</p>\n<p>Legislation is already in place to allow senior couples, who are both GIS recipients, to receive these benefits when forced to live apart. The proposed amendments would extend this to seniors eligible for Allowance payments.</p>\n<p><strong>Families</strong></p>\n<p><strong>8.</strong><strong> Canada Child Benefit </strong></p>\n<p>Starting in July, the UCCB and CCTB will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child was under age 6, or $3,916 if their child is aged 6 to 17.</p>\n<p>Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged 6 to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that: “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income. It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system.</p>\n<p><strong>9.</strong><strong> Increased Child Disability Benefits</strong></p>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<p><strong>10.</strong><strong> Eliminate income splitting for couples with kids</strong></p>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document by name, this decision eliminates the prior Conservative government’s introduction of the Family Tax Cut, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<p><strong>11.</strong><strong> No more fitness or arts tax credit for kids</strong></p>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively).</p>\n<p>These will be eliminated. The justification is that the Liberals are trying to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate or retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<p><strong> Childcare investment</strong></p>\n<p><strong>12</strong>. The Liberals want to invest $500 million, starting in 2017, to establish a National Framework on Early Learning and Child Care ($100 million of this is earmarked for Indigenous child care and early learning on reserve) that will facilitate how provinces address childcare needs.</p>\n<p><strong>Students:</strong></p>\n<p><strong>13.</strong><strong> Reforms to Canada Students Loans eligibility</strong></p>\n<p>The Liberals propose to introduce a flat-rate contribution to determine a student’s eligibility for Canada Student Loans. This would replace the current system that assesses eligibility based on a student’s income and assets.</p>\n<p>This change would also enable students to work and earn, while attending school, without seeing a reduction in their level of financial loan assistance.</p>\n<p><strong>14.</strong><strong> Increase in amounts for Canada Student Loans</strong></p>\n<p>Budget 2016 proposes to increase Canada Student Grant amounts by 50%:</p>\n<ul>\n<li>from $2,000 to $3,000 per year for students from low-income families;</li>\n<li>from $800 to $1,200 per year for students from middle-income families; and</li>\n<li>from $1,200 to $1,800 per year for part-time students.</li>\n</ul>\n<p>These increased grant amounts will be available to students starting or continuing post-secondary schooling this coming September.</p>\n<p><strong>15.</strong><strong> Help with student debt</strong></p>\n<p>As promised, the Justin Trudeau Liberals will increase the loan threshold payment, so that no student will be required to repay their Canada Student Loan until they earn at least $25,000 per year.</p>\n<p><strong>16.</strong><strong> Elimination of education and textbook tax credit</strong></p>\n<p>As expected, this Budget eliminates the Education and Textbook tax credits, effective Jan. 1, 2017. The reasoning is that these tax credits are not targeted based on income and “often provide little direct support to students at the time they need it most.”</p>\n<p><strong>Employment</strong></p>\n<p><strong>17.</strong><strong> Investment in youth employment </strong></p>\n<p>The Liberals will invest $165.4 million in the Youth Employment Strategy this year that will include: creation of green jobs, increased access to Skills Link program and increased job opportunities in the heritage sector.</p>\n<p>This funding is in addition to the $339 million already announced for the Canada Summer Jobs Program—funding that will be rolled out over the next three years, starting in 2016.</p>\n<p><strong>18.</strong><strong> More co-op placement opportunities</strong></p>\n<p>Under this Budget, the Liberals pledge to spend $73 million over the next four years, to help employers and post-secondary institutions to create new co-op placements for students.</p>\n<p><strong>19.</strong><strong> Shorter waits for Employment Insurance benefits</strong></p>\n<p>Those hit by job loss will find some significant changes to Employment Insurance (EI). The waiting period for benefits will be reduced from two weeks to one week.</p>\n<p><strong>20.</strong><strong> Increased eligibility to EI benefits</strong></p>\n<p>Also, how a person qualifies for EI will change. For example, Donald lives in Winnipeg, Manitoba, where he has worked part time over the past six months since graduating from college. He was recently laid off. Under current EI eligibility rules, Donald would be considered a new entrant to the labour force. As a result, he would need to have worked at least 910 hours over the past 52 weeks to qualify for EI benefits. Since Donald only worked 780 hours over this period, he does not qualify for benefits.</p>\n<p>Under the proposed changes, Donald would face the same EI eligibility requirements as other claimants in his region. That would mean he could qualify for EI as long as he worked 665 hours. Since, Donald qualifies for EI under the new rules he could receive up to 17 weeks of EI benefits while he looks for new work to start his career. These changes will take effect in July this year.</p>\n<p><strong>21.</strong><strong> Help for oil workers</strong></p>\n<p>Because of dramatic job losses due to declines in global oil prices, this Budget proposes legislative changes to extend the duration of EI regular benefits by five weeks, up to a maximum of 50 weeks of benefits for anyone living in a resource-dependent region.</p>\n<p>For long-tenured workers in these regions, these changes could mean an additional 20 weeks of EI regular benefits up to a maximum of 70 weeks of benefits.</p>\n<p>These extended benefits will be available for one year starting in July 2016, with the measure being applied retroactively to all eligible claims as of January 4, 2015.</p>\n<p><strong>22.</strong><strong> Working while on EI is extended until August 2018</strong></p>\n<p>The Working While on Claim pilot project lets people earn and keep up to 50 cents of their EI benefits for every $1 they earn, up to a maximum of 90% of their weekly insurable earnings (used to calculate their EI benefit amount). This pilot project will be extended until August 2018.</p>\n<p><strong>Investors:</strong></p>\n<p><strong>23.</strong><strong> Investors can expect to pay more tax</strong></p>\n<p>This Budget will close loopholes that some investors use to reduce tax paid to the CRA. For instance, it will examine the use of “debt-parking transactions” by investors or private corporations in an effort to “preserve the integrity of the foreign exchange computational rules.”</p>\n<p>This 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.” This means investors holding C-class mutual funds will no longer be able to shelter their capital gains from tax.</p>\n<p>This Budget will also “introduce a new rule that would 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<p><strong>24.</strong><strong> Labour-Sponsored tax credit reinstated</strong></p>\n<p>Budget 2016 will restore the Labour-Sponsored Venture Capital Corporations (LSVCC) tax credit to 15% for share purchases of provincially registered LSVCCs for 2016 and subsequent tax years. The aim is to help small and medium-sized businesses gain access to venture capital and provide federal tax relief of about $815 million over the 2015–16 to 2020–21 period.</p>\n<p><strong>Charitable Donations: </strong></p>\n<p><strong>25. </strong><strong>Elimination of capital gains tax exemption on donations</strong></p>\n<p>Budget 2015 included a proposal to provide, beginning in 2017, an income  tax exemption on capital gains of donated private corporation shares or real estate. (To qualify the cash proceeds from the disposition would need to be donated to a registered charity or other qualified donee within 30 days.) This will be eliminated in Budget.</p>\n<p>&nbsp;</p>\n<p><strong> </strong></p>\n<p>&nbsp;</p>\n<p><strong> </strong></p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the Liberal budget affects you</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','25 ways the Liberal budget affects you','<p>A MoneySense guide to Budget 2016</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the Liberal budget affects you</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-22 16:47:07','2016-03-22 20:47:07','',0,'http://www.moneysense.ca/?p=150448',0,'post','',0),(1007,1,'2016-03-22 16:47:07','2016-03-22 20:47:07','<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>Want to focus on deficit reduction, tax cuts and seniors? You’ve got the wrong budget. Much as they did with their election platform, the Liberals took aim at middle-class Canadians, with a few small business hits and misses, lots of infrastructure spending promises and a great deal of promises that focused on Canada’s health and well-being of First Nations communities.</p>\n<p>The key takeaway from Finance Minister Bill Morneau is that Budget 2016 works to improve the lives of middle-class Canadians. Here are 24 ways the budget will impact you and your pocketbook.</p>\n<p><strong>Income Tax: </strong></p>\n<p><strong>1. Reduction of  mid income tax bracket</strong></p>\n<p>As previously announced, the Liberals confirmed in this budget that the middle-class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly 9 million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p><strong>2. New HNW tax bracket</strong></p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for high net worth people who earn more than $200,000 each year.</p>\n<p><strong>3. Crackdown on tax evasion</strong></p>\n<p>The Liberals will invest $444.4 million over five years to help the Canada Revenue Agency to crack down on tax evasion. This money will go to hiring more tax auditors and specialists, developing robust business intelligence infrastructure, increasing verification activities and investigating criminal tax evaders.</p>\n<p>The Liberals will also spend $351.6 million over the next five years to help the Canada Revenue Agency improve its ability to collect outstanding tax debts. The new federal government assumes this will help bring in $7.4 billion in tax debt over this time frame.</p>\n<p><strong>4.</strong><strong> Closing tax loopholes for HNW</strong></p>\n<p>For those private corporation business owners, this Budget will close loopholes that allow them to use a life insurance policy to make distributions tax free.</p>\n<p><strong>Seniors: </strong></p>\n<p><strong>5.</strong><strong> Retirement age officially rolled-back to 65</strong></p>\n<p>The Liberals are keeping the retirement age at 65 by officially reversing the Conservatives’ decision to raise it to 67 beginning in 2023.</p>\n<p>As stated: “Restoring the eligibility age for Old Age Security and Guaranteed Income Supplement 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. Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty.”</p>\n<p><strong>6.</strong><strong> Low-income seniors get 10% more in GIS benefits</strong></p>\n<p>Starting in July 2016, low-income seniors who rely almost exclusively on Old Age Security and Guaranteed Income Supplement (GIS) benefits can expect a 10% increase to their total maximum GIS benefits.</p>\n<p>This top-up will increase annual GIS payouts to $947 annually for those single seniors living on $4,600 or less per year (not including OAS and GIS benefits), and more than doubles the current GIS maximum limit.</p>\n<p>According to the Budget, this should help improve the financial security of roughly 900,000 single seniors in Canada—those seniors most susceptible to living in poverty in Canada.</p>\n<p><strong>7. </strong><strong>Couples can now split their GIS benefits</strong></p>\n<p>In an effort to reduce the number of seniors living in poverty, the Liberals propose to amend the <em>Old Age Security Act</em> to allow senior couples who qualify for GIS and Allowance benefit to receive higher benefits should they be forced to live apart due, for example, to health reasons.</p>\n<p>Legislation is already in place to allow senior couples, who are both GIS recipients, to receive these benefits when forced to live apart. The proposed amendments would extend this to seniors eligible for Allowance payments.</p>\n<p><strong>Families</strong></p>\n<p><strong>8.</strong><strong> Canada Child Benefit </strong></p>\n<p>Starting in July, the UCCB and CCTB will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child was under age 6, or $3,916 if their child is aged 6 to 17.</p>\n<p>Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged 6 to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that: “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income. It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system.</p>\n<p><strong>9.</strong><strong> Increased Child Disability Benefits</strong></p>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<p><strong>10.</strong><strong> Eliminate income splitting for couples with kids</strong></p>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document by name, this decision eliminates the prior Conservative government’s introduction of the Family Tax Cut, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<p><strong>11.</strong><strong> No more fitness or arts tax credit for kids</strong></p>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively).</p>\n<p>These will be eliminated. The justification is that the Liberals are trying to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate or retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<p><strong> Childcare investment</strong></p>\n<p><strong>12</strong>. The Liberals want to invest $500 million, starting in 2017, to establish a National Framework on Early Learning and Child Care ($100 million of this is earmarked for Indigenous child care and early learning on reserve) that will facilitate how provinces address childcare needs.</p>\n<p><strong>Students:</strong></p>\n<p><strong>13.</strong><strong> Reforms to Canada Students Loans eligibility</strong></p>\n<p>The Liberals propose to introduce a flat-rate contribution to determine a student’s eligibility for Canada Student Loans. This would replace the current system that assesses eligibility based on a student’s income and assets.</p>\n<p>This change would also enable students to work and earn, while attending school, without seeing a reduction in their level of financial loan assistance.</p>\n<p><strong>14.</strong><strong> Increase in amounts for Canada Student Loans</strong></p>\n<p>Budget 2016 proposes to increase Canada Student Grant amounts by 50%:</p>\n<ul>\n<li>from $2,000 to $3,000 per year for students from low-income families;</li>\n<li>from $800 to $1,200 per year for students from middle-income families; and</li>\n<li>from $1,200 to $1,800 per year for part-time students.</li>\n</ul>\n<p>These increased grant amounts will be available to students starting or continuing post-secondary schooling this coming September.</p>\n<p><strong>15.</strong><strong> Help with student debt</strong></p>\n<p>As promised, the Justin Trudeau Liberals will increase the loan threshold payment, so that no student will be required to repay their Canada Student Loan until they earn at least $25,000 per year.</p>\n<p><strong>16.</strong><strong> Elimination of education and textbook tax credit</strong></p>\n<p>As expected, this Budget eliminates the Education and Textbook tax credits, effective Jan. 1, 2017. The reasoning is that these tax credits are not targeted based on income and “often provide little direct support to students at the time they need it most.”</p>\n<p><strong>Employment</strong></p>\n<p><strong>17.</strong><strong> Investment in youth employment </strong></p>\n<p>The Liberals will invest $165.4 million in the Youth Employment Strategy this year that will include: creation of green jobs, increased access to Skills Link program and increased job opportunities in the heritage sector.</p>\n<p>This funding is in addition to the $339 million already announced for the Canada Summer Jobs Program—funding that will be rolled out over the next three years, starting in 2016.</p>\n<p><strong>18.</strong><strong> More co-op placement opportunities</strong></p>\n<p>Under this Budget, the Liberals pledge to spend $73 million over the next four years, to help employers and post-secondary institutions to create new co-op placements for students.</p>\n<p><strong>19.</strong><strong> Shorter waits for Employment Insurance benefits</strong></p>\n<p>Those hit by job loss will find some significant changes to Employment Insurance (EI). The waiting period for benefits will be reduced from two weeks to one week.</p>\n<p><strong>20.</strong><strong> Increased eligibility to EI benefits</strong></p>\n<p>Also, how a person qualifies for EI will change. For example, Donald lives in Winnipeg, Manitoba, where he has worked part time over the past six months since graduating from college. He was recently laid off. Under current EI eligibility rules, Donald would be considered a new entrant to the labour force. As a result, he would need to have worked at least 910 hours over the past 52 weeks to qualify for EI benefits. Since Donald only worked 780 hours over this period, he does not qualify for benefits.</p>\n<p>Under the proposed changes, Donald would face the same EI eligibility requirements as other claimants in his region. That would mean he could qualify for EI as long as he worked 665 hours. Since, Donald qualifies for EI under the new rules he could receive up to 17 weeks of EI benefits while he looks for new work to start his career. These changes will take effect in July this year.</p>\n<p><strong>21.</strong><strong> Help for oil workers</strong></p>\n<p>Because of dramatic job losses due to declines in global oil prices, this Budget proposes legislative changes to extend the duration of EI regular benefits by five weeks, up to a maximum of 50 weeks of benefits for anyone living in a resource-dependent region.</p>\n<p>For long-tenured workers in these regions, these changes could mean an additional 20 weeks of EI regular benefits up to a maximum of 70 weeks of benefits.</p>\n<p>These extended benefits will be available for one year starting in July 2016, with the measure being applied retroactively to all eligible claims as of January 4, 2015.</p>\n<p><strong>22.</strong><strong> Working while on EI is extended until August 2018</strong></p>\n<p>The Working While on Claim pilot project lets people earn and keep up to 50 cents of their EI benefits for every $1 they earn, up to a maximum of 90% of their weekly insurable earnings (used to calculate their EI benefit amount). This pilot project will be extended until August 2018.</p>\n<p><strong>Investors:</strong></p>\n<p><strong>23.</strong><strong> Investors can expect to pay more tax</strong></p>\n<p>This Budget will close loopholes that some investors use to reduce tax paid to the CRA. For instance, it will examine the use of “debt-parking transactions” by investors or private corporations in an effort to “preserve the integrity of the foreign exchange computational rules.”</p>\n<p>This 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.” This means investors holding C-class mutual funds will no longer be able to shelter their capital gains from tax.</p>\n<p>This Budget will also “introduce a new rule that would 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<p><strong>24.</strong><strong> Labour-Sponsored tax credit reinstated</strong></p>\n<p>Budget 2016 will restore the Labour-Sponsored Venture Capital Corporations (LSVCC) tax credit to 15% for share purchases of provincially registered LSVCCs for 2016 and subsequent tax years. The aim is to help small and medium-sized businesses gain access to venture capital and provide federal tax relief of about $815 million over the 2015–16 to 2020–21 period.</p>\n<p><strong>Charitable Donations: </strong></p>\n<p><strong>25. </strong><strong>Elimination of capital gains tax exemption on donations</strong></p>\n<p>Budget 2015 included a proposal to provide, beginning in 2017, an income  tax exemption on capital gains of donated private corporation shares or real estate. (To qualify the cash proceeds from the disposition would need to be donated to a registered charity or other qualified donee within 30 days.) This will be eliminated in Budget.</p>\n<p>&nbsp;</p>\n<p><strong> </strong></p>\n<p>&nbsp;</p>\n<p><strong> </strong></p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the Liberal budget affects you</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','25 ways the Liberal budget affects you','<p>A MoneySense guide to Budget 2016</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the Liberal budget affects you</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1006-revision-v1','','','2016-03-22 16:47:07','2016-03-22 20:47:07','',1006,'http://feedwordpress.radgeek.com/?rev=4963cddf770a35ad56a9b082e0591266',0,'revision','',0),(1008,1,'2016-03-02 12:28:05','2016-03-02 12:28:05','Lexus chose the 2016 Geneva Motor Show to show off its new LC500h for the first time. \n\nFull story: http://www.autoguide.com/auto-news/2016/02/lexus-lc500h-proves-hybrids-can-be-stunning.html\n\nSubscribe\nhttp://www.youtube.com/subscription_center?add_user=AutoGuideVideo\n\nYouTube - http://www.youtube.com/user/AutoguideVideo\nFacebook - http://facebook.com/AutoGuide\nTwitter - http://twitter.com/AutoGuide\nGoogle+ - http://goo.gl/LBxsP\nWeb - http://www.AutoGuide.com\n\nAutoGuide reviews the latest new cars with test drives, car comparisons and shootouts plus coverage of breaking auto industry news, auto shows, rumors and spy photos. Help shop for your new car with informative car buying tips and car recall news, and be entertained with feature stories, Top 10s and car review videos.','2018 Lexus LC500h First Look - 2016 Geneva Motor Show','','publish','open','open','','2018-lexus-lc500h-first-look-2016-geneva-motor-show','','','2016-03-02 12:28:05','2016-03-02 12:28:05','',0,'http://www.l2ocredit.com/2016/03/02/2018-lexus-lc500h-first-look-2016-geneva-motor-show/',0,'post','',0),(1009,0,'2016-03-22 17:23:12','2016-03-22 21:23:12','','2018 Lexus LC500h First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2018-lexus-lc500h-first-look-2016-geneva-motor-show-2','','','2016-03-22 17:23:12','2016-03-22 21:23:12','',1008,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2018-lexus-lc500h-first-look-2016-geneva-motor-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1010,0,'2016-03-22 17:23:13','2016-03-22 21:23:13','','2018 Lexus LC500h First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2018-lexus-lc500h-first-look-2016-geneva-motor-show-3','','','2016-03-22 17:23:13','2016-03-22 21:23:13','',1008,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2018-lexus-lc500h-first-look-2016-geneva-motor-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1011,0,'2016-03-22 17:23:13','2016-03-22 21:23:13','','2018 Lexus LC500h First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2018-lexus-lc500h-first-look-2016-geneva-motor-show-4','','','2016-03-22 17:23:13','2016-03-22 21:23:13','',1008,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2018-lexus-lc500h-first-look-2016-geneva-motor-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1012,1,'2016-02-14 14:00:02','2016-02-14 14:00:02','Before driving the 2016 BMW M2 on Laguna Seca, MotoMan runs through the EXTENSIVE engineering changes in the transition from BMW M235i to BMW M2. Yes, this it starts life as the BMW N55 3.0 inline single turbo six-cylinder engine but the BMW M engineers pilfered through some of the bits from the BMW M4 S55 twin turbo 6 cylinder. But even more fascinating than some go fast parts, MotoMan focuses on how they keep all that extra power cool . . .\n\nFor more information on the #BMW #M2 - check out our FIRST DRIVE REVIEW: https://www.youtube.com/watch?v=zn1VpNNdHyw&amp;list=PLF6ek7dWy48pH67nILSKoOv9ioCIMX3oW&amp;index=1\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_c...\n\nDownload our MotoManTV App!\n\niTunes/iOS:\nhttps://itunes.apple.com/us/app/motom...\n\nGoogle Play/Android: https://play.google.com/store/apps/de...\n\nCheck out our BMW Playlist:\nhttps://www.youtube.com/playlist?list...\n\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV\n\nNEW MUSIC including Raw by Kevin MacLeod/incompetech.com &amp; Jahzzar','2016 BMW M2 TECH REVIEW (1 of 2)','','publish','open','open','','2016-bmw-m2-tech-review-1-of-2','','','2016-02-14 14:00:02','2016-02-14 14:00:02','',0,'http://www.l2ocredit.com/2016/02/14/2016-bmw-m2-tech-review-1-of-2/',0,'post','',0),(1013,0,'2016-03-22 17:42:39','2016-03-22 21:42:39','','2016 BMW M2 TECH REVIEW (1 of 2)','','inherit','open','closed','','2016-bmw-m2-tech-review-1-of-2-2','','','2016-03-22 17:42:39','2016-03-22 21:42:39','',1012,'http://www.l2ocredit.com/2016/02/14/2016-bmw-m2-tech-review-1-of-2/2016-bmw-m2-tech-review-1-of-2-2/',0,'attachment','image/jpeg',0),(1014,1,'2016-03-22 18:10:57','2016-03-22 22:10:57','<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<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 ‘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>Families will be happy with the introduction of the <strong>Canada Child Benefit</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>See scenarios attached.  The clawback zones are what we need to watch:</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>$50,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$60,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$70,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$80,000</td>\n<td>31.48%</td>\n<td>72.48%</td>\n</tr>\n<tr>\n<td>$90,000</td>\n<td>37.91%</td>\n<td>58.41%</td>\n</tr>\n<tr>\n<td>$100,000</td>\n<td>43.41%</td>\n<td>63.91%</td>\n</tr>\n<tr>\n<td>$110,000</td>\n<td>43.41%</td>\n<td>63.91%</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>$210,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000+</td>\n<td>53.53%</td>\n<td>53.53%</td>\n</tr>\n</tbody>\n</table>\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, as you will see later.</p>\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 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 Universal Child Care Benefit 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<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 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>Scenario: Ontario family has three children under 6 and family net income of $30,000</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 3 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 Universal Child Care Benefits 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 Universal Child Care Benefits 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 Benefits</h3>\n<p>The following table shows the income level at which the Child Tax Benefit 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 Universal Child Care Benefit (UCCB) in favour of the Canada Child Benefit 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>&nbsp;</p>\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/\">Federal budget winners and losers: Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Federal budget winners and losers: 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/\">Federal budget winners and losers: Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-23 06:15:57','2016-03-23 10:15:57','',0,'http://www.moneysense.ca/?p=150468',0,'post','',0),(1015,1,'2016-03-22 18:10:57','2016-03-22 22:10:57','<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<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 ‘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>Families will be happy with the introduction of the <strong>Canada Child Benefit</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>See scenarios attached.  The clawback zones are what we need to watch:</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>$50,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$60,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$70,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$80,000</td>\n<td>31.48%</td>\n<td>72.48%</td>\n</tr>\n<tr>\n<td>$90,000</td>\n<td>37.91%</td>\n<td>58.41%</td>\n</tr>\n<tr>\n<td>$100,000</td>\n<td>43.41%</td>\n<td>63.91%</td>\n</tr>\n<tr>\n<td>$110,000</td>\n<td>43.41%</td>\n<td>63.91%</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>$210,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000+</td>\n<td>53.53%</td>\n<td>53.53%</td>\n</tr>\n</tbody>\n</table>\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, as you will see later.</p>\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 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 Universal Child Care Benefit 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>The Canada Child Benefit: See how it affects you </strong></p>\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 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>Scenario: Ontario family has three children under 6 and family net income of $30,000</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>Source: Knowledge Bureau, Inc.</p>\n<p>Conclusions:</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<p><strong> </strong></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">Budget winners and losers &#8211; Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Budget winners and losers – Child Benefit','<p>Our tax expert crunches the numbers for low and higher-income families</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">Budget winners and losers &ndash; Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1014-revision-v1','','','2016-03-22 18:10:57','2016-03-22 22:10:57','',1014,'http://feedwordpress.radgeek.com/?rev=d5c41af6af7b03b5af5f3184c95e0c62',0,'revision','',0),(1016,1,'2016-03-22 18:03:41','2016-03-22 22:03:41','<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>It’s reasonably common knowledge that higher wealth accumulators in Canada will want to do some extra planning to avoid the 33% high income tax rate in the terminal return of the last surviving spouse.  This is generally accomplished by averaging in their taxable pension amounts throughout retirement, if possible.</p>\n<p>However, a sharp eye on marginal tax rates is important in this activity, because clawbacks of the Age Amount and Old Age Security can make income averaging opportunities challenging.</p>\n<p>In fact, when you ask the question, who pays the highest marginal tax rates in Canada, you might be surprised to know it’s not always those whose income exceeds $200,000.  The answer depends on the type of income sources and also depends on whether the taxpayer is subject to a clawback of social benefits and credits.</p>\n<p>Let’s see how clawbacks affect seniors and investors in 2016 under various scenarios.</p>\n<p>In the first, seniors are subject to clawbacks of the age amount, the GST/HST Credit and the Old Age Security at various income levels.  (We have looked at incomes over $30,000 which ignores those who qualify for the Guaranteed Income  Supplement (GIS), which is clawed back at rates of 50% as income rises)</p>\n<p><strong> Scenario: Ontario senior couple, one with eligible pension income spouse has no income</strong></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>$210,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000+</td>\n<td>53.53%</td>\n<td>53.53%</td>\n</tr>\n</tbody>\n</table>\n<p>Clawbacks of social benefits and credits occur as income rise. A typical relief is to reduce net income with an RRSP contribution, if the taxpayer is age eligible and if there is contribution room.</p>\n<p>That’s important. Given the prohibitive marginal tax rates, RRSP contribution opportunities form part of the overall retirement income planning pre-retirees do. So do subsequent re-investments of after-tax remainders into Tax Free Savings Accounts.</p>\n<p><strong>Read:</strong> <a href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a></p>\n<p><strong>Read:</strong> <a href=\"http://www.moneysense.ca/save/retirement/what-the-federal-budget-means-for-seniors/\"> What the budget means for seniors</a></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/federal-budget-winners-and-losers-watch-out-for-clawbacks/\">Budget winners and losers: Watch out for clawbacks</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Budget winners and losers: Watch out for clawbacks','<p>Our tax expert lays out the numbers </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/federal-budget-winners-and-losers-watch-out-for-clawbacks/\">Budget winners and losers: Watch out for clawbacks</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-23 14:15:41','2016-03-23 18:15:41','',0,'http://www.moneysense.ca/?p=150618',0,'post','',0),(1017,1,'2016-03-22 18:03:41','2016-03-22 22:03:41','<p>It’s reasonably common knowledge that higher wealth accumulators in Canada will want to do some extra planning to avoid the 33% high income tax rate in the terminal return of the last surviving spouse.  This is generally accomplished by averaging in their taxable pension amounts throughout retirement, if possible.</p>\n<p>However, a sharp eye on marginal tax rates is important in this activity, because clawbacks of the Age Amount and Old Age Security can make income averaging opportunities challenging.</p>\n<p>In fact, when you ask the question, who pays the highest marginal tax rates in Canada, you might be surprised to know it’s not always those whose income exceeds $200,000.  The answer depends on the type of income sources and also depends on whether the taxpayer is subject to a clawback of social benefits and credits.</p>\n<p>Let’s see how clawbacks affect seniors and investors in 2016 under various scenarios.</p>\n<p>In the first, seniors are subject to clawbacks of the age amount, the GST/HST Credit and the Old Age Security at various income levels.  (We have looked at incomes over $30,000 which ignores those who  qualify for the Guaranteed Income  Supplement  (GIS), which is clawed back at rates of 50% as income rises)</p>\n<p><strong> Scenario: Ontario senior couple, one with eligible pension income spouse has no income</strong></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>$50,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$60,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$70,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$80,000</td>\n<td>31.48%</td>\n<td>72.48%</td>\n</tr>\n<tr>\n<td>$90,000</td>\n<td>37.91%</td>\n<td>58.41%</td>\n</tr>\n<tr>\n<td>$100,000</td>\n<td>43.41%</td>\n<td>63.91%</td>\n</tr>\n<tr>\n<td>$110,000</td>\n<td>43.41%</td>\n<td>63.91%</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>$210,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000+</td>\n<td>53.53%</td>\n<td>53.53%</td>\n</tr>\n</tbody>\n</table>\n<p>Clawbacks of social benefits and credits occur as income rise.  A typical relief is to reduce net income with an RRSP contribution, if the taxpayer is age eligible and if there is contribution room.</p>\n<p>That’s important.  Given the prohibitive marginal tax rates, RRSP contribution opportunities form part of the overall retirement income planning pre-retirees do.  So do subsequent re-investments of after-tax remainders into Tax Free Savings Accounts.</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/uncategorized/budget-winners-and-losers-watch-out-for-clawbacks/\">Budget winners and losers: Watch out for clawbacks</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Budget winners and losers: Watch out for clawbacks','<p>Our tax expert crunches the numbers on how benefits can be eroded</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/uncategorized/budget-winners-and-losers-watch-out-for-clawbacks/\">Budget winners and losers: Watch out for clawbacks</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1016-revision-v1','','','2016-03-22 18:03:41','2016-03-22 22:03:41','',1016,'http://feedwordpress.radgeek.com/?rev=4896422a9b5ef32cf74b976f4f4f809a',0,'revision','',0),(1018,1,'2016-03-22 18:00:40','2016-03-22 22:00:40','<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>','pending','closed','closed','','','','','2016-03-24 16:25:40','2016-03-24 20:25:40','',0,'http://www.moneysense.ca/?p=150650',0,'post','',0),(1019,1,'2016-03-22 18:00:40','2016-03-22 22:00:40','<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/uncategorized/budget-winners-and-losers-dodging-a-cap-gains-bullet/\">Budget winners and losers: Dodging a cap gains bullet</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Budget winners and losers: Dodging a cap 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/uncategorized/budget-winners-and-losers-dodging-a-cap-gains-bullet/\">Budget winners and losers: Dodging a cap gains bullet</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1018-revision-v1','','','2016-03-22 18:00:40','2016-03-22 22:00:40','',1018,'http://feedwordpress.radgeek.com/?rev=d3e9e0997c8a923c5a8e8ff9a3a2f6a6',0,'revision','',0),(1020,1,'2016-03-22 17:42:53','2016-03-22 21:42:53','<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>With budget 2016, we are starting to see a commitment to the process of tax simplification. As promised, the Liberals made changes to the federal income tax brackets. Starting in 2016, the middle class income tax bracket will drop from 22% to 20.5%. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax. However, those earning more than $200,000 a year can expect to pay more income tax, with the introduction of a new 33% tax bracket.</p>\n<p>Those counting on a boost to their income from stock options and were worried about possible changes and caps on stock option gains need not worry. Even though a cap of $100,000 on this favourable tax treatment was anticipated, no changes were made. At present, investors and employees are taxed on 50% of the gains of stock options.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-income-tax/\">How the federal budget will affect income tax</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the federal budget will affect income tax','<p>New tax brackets are announced with the lower middle-income tax bracket being reduced from 22% to 20.5%</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-income-tax/\">How the federal budget will affect income tax</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-22 17:42:53','2016-03-22 21:42:53','',0,'http://www.moneysense.ca/?p=150514',0,'post','',0),(1021,1,'2016-03-22 17:42:53','2016-03-22 21:42:53','<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>With budget 2016, we are starting to see a commitment to the process of tax simplification. As promised, the Liberals made changes to the federal income tax brackets. Starting in 2016, the middle class income tax bracket will drop from 22% to 20.5%. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax. However, those earning more than $200,000 a year can expect to pay more income tax, with the introduction of a new 33% tax bracket.</p>\n<p>Those counting on a boost to their income from stock options and were worried about possible changes and caps on stock option gains need not worry. Even though a cap of $100,000 on this favourable tax treatment was anticipated, no changes were made. At present, investors and employees are taxed on 50% of the gains of stock options.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-income-tax/\">How the federal budget will affect income tax</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the federal budget will affect income tax','<p>New tax brackets are announced with the lower middle-income tax bracket being reduced from 22% to 20.5%</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-income-tax/\">How the federal budget will affect income tax</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1020-revision-v1','','','2016-03-22 17:42:53','2016-03-22 21:42:53','',1020,'http://feedwordpress.radgeek.com/?rev=147f2fe2b019a587e1711f88e6fdefb0',0,'revision','',0),(1022,1,'2016-03-22 17:29:29','2016-03-22 21:29:29','<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=\"Panel Segment 2\" />\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/how-the-federal-budget-will-affect-families/\" />\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>','pending','closed','closed','','','','','2016-03-22 19:48:29','2016-03-22 23:48:29','',0,'http://www.moneysense.ca/?p=150528',0,'post','',0),(1023,1,'2016-03-22 17:29:29','2016-03-22 21:29:29','<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<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 17:29:29','2016-03-22 21:29:29','',1022,'http://feedwordpress.radgeek.com/?rev=3af9311448132160bd085cecef79dcb9',0,'revision','',0),(1024,1,'2016-03-22 16:47:07','2016-03-22 20:47:07','<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>Want to focus on deficit reduction, tax cuts and seniors? You’ve got the wrong budget. Much as they did with their election platform, the Liberals took aim at middle-class Canadians, with a few small business hits and misses, lots of infrastructure spending promises and a great deal of promises that focused on Canada’s health and well-being of First Nations communities.</p>\n<p>The key takeaway from Finance Minister Bill Morneau is that Budget 2016 works to improve the lives of middle-class Canadians. Here are 24 ways the budget will impact you and your pocketbook.</p>\n<h3><strong>Income Tax: </strong></h3>\n<p><strong>1. Reduction of  mid income tax bracket</strong></p>\n<p>As previously announced, the Liberals confirmed in this budget that the middle-class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly 9 million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p><strong>2. New HNW tax bracket</strong></p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for high net worth people who earn more than $200,000 each year.</p>\n<p><strong>3. Crackdown on tax evasion</strong></p>\n<p>The Liberals will invest $444.4 million over five years to help the Canada Revenue Agency to crack down on tax evasion. This money will go to hiring more tax auditors and specialists, developing robust business intelligence infrastructure, increasing verification activities and investigating criminal tax evaders.</p>\n<p>The Liberals will also spend $351.6 million over the next five years to help the Canada Revenue Agency improve its ability to collect outstanding tax debts. The new federal government assumes this will help bring in $7.4 billion in tax debt over this time frame.</p>\n<p><strong>4.</strong><strong> Closing tax loopholes for HNW</strong></p>\n<p>For those private corporation business owners, this Budget will close loopholes that allow them to use a life insurance policy to make distributions tax free.</p>\n<h3><strong>Seniors: </strong></h3>\n<p><strong>5.</strong><strong> Retirement age officially rolled-back to 65</strong></p>\n<p>The Liberals are keeping the retirement age at 65 by officially reversing the Conservatives’ decision to raise it to 67 beginning in 2023.</p>\n<p>As stated: “Restoring the eligibility age for Old Age Security and Guaranteed Income Supplement 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. Vulnerable seniors depend on this support, and without it, face a much higher risk of living in poverty.”</p>\n<p><strong>6.</strong><strong> Low-income seniors get 10% more in GIS benefits</strong></p>\n<p>Starting in July 2016, low-income seniors who rely almost exclusively on Old Age Security and Guaranteed Income Supplement (GIS) benefits can expect a 10% increase to their total maximum GIS benefits.</p>\n<p>This top-up will increase annual GIS payouts to $947 annually for those single seniors living on $4,600 or less per year (not including OAS and GIS benefits), and more than doubles the current GIS maximum limit.</p>\n<p>According to the Budget, this should help improve the financial security of roughly 900,000 single seniors in Canada—those seniors most susceptible to living in poverty in Canada.</p>\n<p><strong>7. </strong><strong>Couples can now split their GIS benefits</strong></p>\n<p>In an effort to reduce the number of seniors living in poverty, the Liberals propose to amend the <em>Old Age Security Act</em> to allow senior couples who qualify for GIS and Allowance benefit to receive higher benefits should they be forced to live apart due, for example, to health reasons.</p>\n<p>Legislation is already in place to allow senior couples, who are both GIS recipients, to receive these benefits when forced to live apart. The proposed amendments would extend this to seniors eligible for Allowance payments.</p>\n<h3><strong>Families</strong></h3>\n<p><strong>8.</strong><strong> Canada Child Benefit </strong></p>\n<p>Starting in July, the UCCB and CCTB will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child was under age 6, or $3,916 if their child is aged 6 to 17.</p>\n<p>Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged 6 to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that: “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income. It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system.</p>\n<p><strong>9.</strong><strong> Increased Child Disability Benefits</strong></p>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<p><strong>10.</strong><strong> Eliminate income splitting for couples with kids</strong></p>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document by name, this decision eliminates the prior Conservative government’s introduction of the Family Tax Cut, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<p><strong>11.</strong><strong> No more fitness or arts tax credit for kids</strong></p>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively).</p>\n<p>These will be eliminated. The justification is that the Liberals are trying to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate or retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<p><strong> <strong>12</strong>. Childcare investment</strong></p>\n<p>The Liberals want to invest $500 million, starting in 2017, to establish a National Framework on Early Learning and Child Care ($100 million of this is earmarked for Indigenous child care and early learning on reserve) that will facilitate how provinces address childcare needs.</p>\n<h3><strong>Students:</strong></h3>\n<p><strong>13.</strong><strong> Reforms to Canada Students Loans eligibility</strong></p>\n<p>The Liberals propose to introduce a flat-rate contribution to determine a student’s eligibility for Canada Student Loans. This would replace the current system that assesses eligibility based on a student’s income and assets.</p>\n<p>This change would also enable students to work and earn, while attending school, without seeing a reduction in their level of financial loan assistance.</p>\n<p><strong>14.</strong><strong> Increase in amounts for Canada Student Loans</strong></p>\n<p>Budget 2016 proposes to increase Canada Student Grant amounts by 50%:</p>\n<ul>\n<li>from $2,000 to $3,000 per year for students from low-income families;</li>\n<li>from $800 to $1,200 per year for students from middle-income families; and</li>\n<li>from $1,200 to $1,800 per year for part-time students.</li>\n</ul>\n<p>These increased grant amounts will be available to students starting or continuing post-secondary schooling this coming September.</p>\n<p><strong>15.</strong><strong> Help with student debt</strong></p>\n<p>As promised, the Justin Trudeau Liberals will increase the loan threshold payment, so that no student will be required to repay their Canada Student Loan until they earn at least $25,000 per year.</p>\n<p><strong>16.</strong><strong> Elimination of education and textbook tax credit</strong></p>\n<p>As expected, this Budget eliminates the Education and Textbook tax credits, effective Jan. 1, 2017. The reasoning is that these tax credits are not targeted based on income and “often provide little direct support to students at the time they need it most.”</p>\n<h3><strong>Employment</strong></h3>\n<p><strong>17.</strong><strong> Investment in youth employment </strong></p>\n<p>The Liberals will invest $165.4 million in the Youth Employment Strategy this year that will include: creation of green jobs, increased access to Skills Link program and increased job opportunities in the heritage sector.</p>\n<p>This funding is in addition to the $339 million already announced for the Canada Summer Jobs Program—funding that will be rolled out over the next three years, starting in 2016.</p>\n<p><strong>18.</strong><strong> More co-op placement opportunities</strong></p>\n<p>Under this Budget, the Liberals pledge to spend $73 million over the next four years, to help employers and post-secondary institutions to create new co-op placements for students.</p>\n<p><strong>19.</strong><strong> Shorter waits for Employment Insurance benefits</strong></p>\n<p>Those hit by job loss will find some significant changes to Employment Insurance (EI). The waiting period for benefits will be reduced from two weeks to one week.</p>\n<p><strong>20.</strong><strong> Increased eligibility to EI benefits</strong></p>\n<p>Also, how a person qualifies for EI will change. For example, Donald lives in Winnipeg, Manitoba, where he has worked part time over the past six months since graduating from college. He was recently laid off. Under current EI eligibility rules, Donald would be considered a new entrant to the labour force. As a result, he would need to have worked at least 910 hours over the past 52 weeks to qualify for EI benefits. Since Donald only worked 780 hours over this period, he does not qualify for benefits.</p>\n<p>Under the proposed changes, Donald would face the same EI eligibility requirements as other claimants in his region. That would mean he could qualify for EI as long as he worked 665 hours. Since, Donald qualifies for EI under the new rules he could receive up to 17 weeks of EI benefits while he looks for new work to start his career. These changes will take effect in July this year.</p>\n<p><strong>21.</strong><strong> Help for oil workers</strong></p>\n<p>Because of dramatic job losses due to declines in global oil prices, this Budget proposes legislative changes to extend the duration of EI regular benefits by five weeks, up to a maximum of 50 weeks of benefits for anyone living in a resource-dependent region.</p>\n<p>For long-tenured workers in these regions, these changes could mean an additional 20 weeks of EI regular benefits up to a maximum of 70 weeks of benefits.</p>\n<p>These extended benefits will be available for one year starting in July 2016, with the measure being applied retroactively to all eligible claims as of January 4, 2015.</p>\n<p><strong>22.</strong><strong> Working while on EI is extended until August 2018</strong></p>\n<p>The Working While on Claim pilot project lets people earn and keep up to 50 cents of their EI benefits for every $1 they earn, up to a maximum of 90% of their weekly insurable earnings (used to calculate their EI benefit amount). This pilot project will be extended until August 2018.</p>\n<h3><strong>Investors:</strong></h3>\n<p><strong>23.</strong><strong> Investors can expect to pay more tax</strong></p>\n<p>This Budget will close loopholes that some investors use to reduce tax paid to the CRA. For instance, it will examine the use of “debt-parking transactions” by investors or private corporations in an effort to “preserve the integrity of the foreign exchange computational rules.”</p>\n<p>This 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.” This means investors holding C-class mutual funds will no longer be able to shelter their capital gains from tax.</p>\n<p>This Budget will also “introduce a new rule that would 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<p><strong>24.</strong><strong> Labour-Sponsored tax credit reinstated</strong></p>\n<p>Budget 2016 will restore the Labour-Sponsored Venture Capital Corporations (LSVCC) tax credit to 15% for share purchases of provincially registered LSVCCs for 2016 and subsequent tax years. The aim is to help small and medium-sized businesses gain access to venture capital and provide federal tax relief of about $815 million over the 2015–16 to 2020–21 period.</p>\n<h3><strong>Charitable Donations: </strong></h3>\n<p><strong>25. </strong><strong>Elimination of capital gains tax exemption on donations</strong></p>\n<p>Budget 2015 included a proposal to provide, beginning in 2017, an income  tax exemption on capital gains of donated private corporation shares or real estate. (To qualify the cash proceeds from the disposition would need to be donated to a registered charity or other qualified donee within 30 days.) This will be eliminated in Budget.</p>\n<p>&nbsp;</p>\n<p><strong> </strong></p>\n<p>&nbsp;</p>\n<p><strong> </strong></p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the Liberal budget affects you</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','25 ways the Liberal budget affects you','<p>A MoneySense guide to Budget 2016</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the Liberal budget affects you</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1006-revision-v1','','','2016-03-22 16:47:07','2016-03-22 20:47:07','',1006,'http://feedwordpress.radgeek.com/?rev=9af8599e307af1b87776194944bfe444',0,'revision','',0),(1025,1,'2016-02-13 05:10:13','2016-02-13 05:10:13','How well do child seats fit in the 2016 RAV4? Let\'s find out!\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 Toyota RAV4 Child Seat Review','','publish','open','open','','2016-toyota-rav4-child-seat-review','','','2016-02-13 05:10:13','2016-02-13 05:10:13','',0,'http://www.l2ocredit.com/2016/02/13/2016-toyota-rav4-child-seat-review/',0,'post','',0),(1026,0,'2016-03-22 18:27:20','2016-03-22 22:27:20','','2016 Toyota RAV4 Child Seat Review','','inherit','open','closed','','2016-toyota-rav4-child-seat-review-2','','','2016-03-22 18:27:20','2016-03-22 22:27:20','',1025,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-child-seat-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1027,0,'2016-03-22 18:27:20','2016-03-22 22:27:20','','2016 Toyota RAV4 Child Seat Review','','inherit','open','closed','','2016-toyota-rav4-child-seat-review-2','','','2016-03-22 18:27:20','2016-03-22 22:27:20','',1025,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-child-seat-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1028,0,'2016-03-22 18:27:20','2016-03-22 22:27:20','','2016 Toyota RAV4 Child Seat Review','','inherit','open','closed','','2016-toyota-rav4-child-seat-review-2','','','2016-03-22 18:27:20','2016-03-22 22:27:20','',1025,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-child-seat-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1029,0,'2016-03-22 18:27:20','2016-03-22 22:27:20','','2016 Toyota RAV4 Child Seat Review','','inherit','open','closed','','2016-toyota-rav4-child-seat-review-2','','','2016-03-22 18:27:20','2016-03-22 22:27:20','',1025,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-child-seat-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1030,0,'2016-03-22 18:27:21','2016-03-22 22:27:21','','2016 Toyota RAV4 Child Seat Review','','inherit','open','closed','','2016-toyota-rav4-child-seat-review-3','','','2016-03-22 18:27:21','2016-03-22 22:27:21','',1025,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-child-seat-review-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1031,0,'2016-03-22 18:27:21','2016-03-22 22:27:21','','2016 Toyota RAV4 Child Seat Review','','inherit','open','closed','','2016-toyota-rav4-child-seat-review-4','','','2016-03-22 18:27:21','2016-03-22 22:27:21','',1025,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-rav4-child-seat-review-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1032,1,'2016-02-26 15:00:02','2016-02-26 15:00:02','We find out what its like to live with a purely electric vehicle in the middle of a Canadian winter.\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','SUV Review | Kia Soul EV | Driving.ca','','publish','open','open','','suv-review-kia-soul-ev-driving-ca','','','2016-02-26 15:00:02','2016-02-26 15:00:02','',0,'http://www.l2ocredit.com/2016/02/26/suv-review-kia-soul-ev-driving-ca/',0,'post','',0),(1033,0,'2016-03-22 19:10:55','2016-03-22 23:10:55','','SUV Review | Kia Soul EV | Driving.ca','','inherit','open','closed','','suv-review-kia-soul-ev-driving-ca-2','','','2016-03-22 19:10:55','2016-03-22 23:10:55','',1032,'http://www.l2ocredit.com/wp-content/uploads/2016/03/suv-review-kia-soul-ev-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1034,0,'2016-03-22 19:10:55','2016-03-22 23:10:55','','SUV Review | Kia Soul EV | Driving.ca','','inherit','open','closed','','suv-review-kia-soul-ev-driving-ca-3','','','2016-03-22 19:10:55','2016-03-22 23:10:55','',1032,'http://www.l2ocredit.com/wp-content/uploads/2016/03/suv-review-kia-soul-ev-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1035,0,'2016-03-22 19:10:55','2016-03-22 23:10:55','','SUV Review | Kia Soul EV | Driving.ca','','inherit','open','closed','','suv-review-kia-soul-ev-driving-ca-4','','','2016-03-22 19:10:55','2016-03-22 23:10:55','',1032,'http://www.l2ocredit.com/wp-content/uploads/2016/03/suv-review-kia-soul-ev-driving-ca-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1036,1,'2015-12-15 05:28:25','2015-12-15 05:28:25','It takes a keen eye to spot the difference between the new 2016 Kia Optima and the outgoing model. All the other senses will  figure it out immediately.','2016 Kia Optima SX','','publish','open','open','','2016-kia-optima-sx','','','2015-12-15 05:28:25','2015-12-15 05:28:25','',0,'http://www.l2ocredit.com/2015/12/15/2016-kia-optima-sx/',0,'post','',0),(1037,0,'2016-03-22 19:26:10','2016-03-22 23:26:10','','2016 Kia Optima SX','','inherit','open','closed','','2016-kia-optima-sx-2','','','2016-03-22 19:26:10','2016-03-22 23:26:10','',1036,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-kia-optima-sx-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1038,1,'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<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>The OAS reversal</strong></p>\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<p><strong>Guaranteed Income Supplement</strong></p>\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<p><strong>Affordable housing for seniors</strong></p>\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<p><strong>What’s missing from the budget?</strong></p>\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-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-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>','pending','closed','closed','','','','','2016-03-22 19:38:52','2016-03-22 23:38:52','',0,'http://www.moneysense.ca/?p=150480',0,'post','',0),(1039,1,'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<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>The OAS reversal</strong></p>\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<p><strong>Guaranteed Income Supplement</strong></p>\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<p><strong>Affordable housing for seniors</strong></p>\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<p><strong>What’s missing from the budget?</strong></p>\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-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-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=1dafdcc0b71c13e24da57baf031e92bd',0,'revision','',0),(1040,1,'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=\"Panel Segment 2\" />\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>','pending','closed','closed','','','','','2016-03-22 19:22:43','2016-03-22 23:22:43','',0,'http://www.moneysense.ca/?p=150706',0,'post','',0),(1041,1,'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=\"Panel Segment 2\" />\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=37b6b85b0ab8c7ac83fef552369cf116',0,'revision','',0),(1042,1,'2016-03-22 18:35:39','2016-03-22 22:35:39','<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>There were several education highlights for students for the 2016-2017 tax year. They include:</p>\n<h4>1. An increase of 50% to the Canada Student Grant (CSG) amounts:</h4>\n<ul>\n<li>from $2,000 to $3,000 per year for students from low-income families;</li>\n<li>from $800 to $1,200 per year for students from middle-income families; and</li>\n</ul>\n<h4>2. For part-time students, the CSG increased from $1,200 to $1,800</h4>\n<p>In total, these measures will provide assistance of $1.53 billion over five years, starting in 2016–17, and $329 million per year after that.</p>\n<h4>3. An increase to loan repayment regulations</h4>\n<p>The loan repayment threshold under the Canada Student Loans Program’s Repayment Assistance Plan has been changed to ensure that no student will have to repay their Canada Student Loan until they are earning at least $25,000 per year.</p>\n<p>Here&#8217;s a case study:</p>\n<p>Steven, a recent post-secondary graduate, earns $23,000 per year at his current job. He is finding it difficult to repay his outstanding Canada Student Loans debt of $12,000. Under the proposed changes to the Repayment Assistance Plan, Steven will not be required to make any immediate payments on his Canada Student Loan since his annual income is below the new $25,000 income threshold for repayment. The Government will cover the interest owing on Steven’s Canada Student Loan until he has the financial flexibility to repay his loan.</p>\n<h4>4.<em> </em>A new way of assessing eligibility for Canada Student Loans</h4>\n<p>Announcement of a flat-rate student contribution to determine eligibility for Canada Student Loans and Grants to replace the current system of assessing student income and financial assets.</p>\n<p>This measure will provide assistance of $267.7 million over four years, starting in 2017–18, and $73 million per year thereafter.</p>\n<h4>5. The elimination of the Education and Textbook Tax Credits</h4>\n<p>This will be effective January 1, 2017.  But don&#8217;t worry, tax credit amounts carried forward from years prior to 2017 will still be claimable in 2017 and subsequent years.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/debt/student-debt/how-the-federal-budget-affects-students/\">5 ways the federal budget affects students</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','5 ways the federal budget affects students','<p>Changes coming to Canada Student Grant and various tax credits</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/debt/student-debt/how-the-federal-budget-affects-students/\">5 ways the federal budget affects students</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-22 18:35:39','2016-03-22 22:35:39','',0,'http://www.moneysense.ca/?p=150534',0,'post','',0),(1043,1,'2016-03-22 18:35:39','2016-03-22 22:35:39','<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>There were several education highlights for students for the 2016-2017 tax year. They include:</p>\n<h4>1. An increase of 50% to the Canada Student Grant (CSG) amounts:</h4>\n<ul>\n<li>from $2,000 to $3,000 per year for students from low-income families;</li>\n<li>from $800 to $1,200 per year for students from middle-income families; and</li>\n</ul>\n<h4>2. For part-time students, the CSG increased from $1,200 to $1,800</h4>\n<p>In total, these measures will provide assistance of $1.53 billion over five years, starting in 2016–17, and $329 million per year after that.</p>\n<h4>3. An increase to loan repayment regulations</h4>\n<p>The loan repayment threshold under the Canada Student Loans Program’s Repayment Assistance Plan has been changed to ensure that no student will have to repay their Canada Student Loan until they are earning at least $25,000 per year.</p>\n<p>Here&#8217;s a case study:</p>\n<p>Steven, a recent post-secondary graduate, earns $23,000 per year at his current job. He is finding it difficult to repay his outstanding Canada Student Loans debt of $12,000. Under the proposed changes to the Repayment Assistance Plan, Steven will not be required to make any immediate payments on his Canada Student Loan since his annual income is below the new $25,000 income threshold for repayment. The Government will cover the interest owing on Steven’s Canada Student Loan until he has the financial flexibility to repay his loan.</p>\n<h4>4.<em> </em>A new way of assessing eligibility for Canada Student Loans</h4>\n<p>Announcement of a flat-rate student contribution to determine eligibility for Canada Student Loans and Grants to replace the current system of assessing student income and financial assets.</p>\n<p>This measure will provide assistance of $267.7 million over four years, starting in 2017–18, and $73 million per year thereafter.</p>\n<h4>5. The elimination of the Education and Textbook Tax Credits</h4>\n<p>This will be effective January 1, 2017.  But don&#8217;t worry, tax credit amounts carried forward from years prior to 2017 will still be claimable in 2017 and subsequent years.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/debt/student-debt/how-the-federal-budget-affects-students/\">5 ways the federal budget affects students</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','5 ways the federal budget affects students','<p>Changes coming to Canada Student Grant and various tax credits</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/debt/student-debt/how-the-federal-budget-affects-students/\">5 ways the federal budget affects students</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1042-revision-v1','','','2016-03-22 18:35:39','2016-03-22 22:35:39','',1042,'http://feedwordpress.radgeek.com/?rev=52080f5df3bc9e5c50e97bd7f1923efc',0,'revision','',0),(1044,1,'2016-03-22 18:34:43','2016-03-22 22:34:43','<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>The federal budget takes big steps to overhaul the employment insurance system but does not change the corporate tax rate for small businesses as anticipated. Changes include:</p>\n<h4><strong>No. 1: </strong><strong>Shorter waits for Employment Insurance benefits</strong></h4>\n<p>Those hit by job loss will find some significant changes to Employment Insurance (EI). The waiting period for benefits will be reduced from two weeks to one week.</p>\n<h4><strong>No. 2: Increased eligibility to EI benefits</strong></h4>\n<p>How a person qualifies for EI will change. For instance, Donald lives in Winnipeg, Man., where he has worked part-time over the past six months since graduating from college. He was recently laid off. Under current EI eligibility rules, Donald would be considered a new entrant to the labour force. As a result, he would need to have worked at least 910 hours over the past 52 weeks to qualify for EI benefits. Since Donald only worked 780 hours over this period, he does not qualify for benefits. Under the proposed changes, Donald would face the same EI eligibility requirements as other claimants in his region. That would mean he could qualify for EI as long as he worked 665 hours. Since Donald qualifies for EI under the new rules he could receive up to 17 weeks of EI benefits while he looks for new work to start his career. These changes will take effect in July 2016.</p>\n<p>The regions that will benefit from these proposed changes include:</p>\n<ul>\n<li>Newfoundland/Labrador</li>\n<li>Sudbury</li>\n<li>Northern Ontario</li>\n<li>Northern Manitoba</li>\n<li>Saskatoon</li>\n<li>Northern Saskatchewan</li>\n<li>Calgary</li>\n<li>Northern Alberta</li>\n<li>Southern Alberta</li>\n<li>Northern British Columbia</li>\n<li>Whitehorse</li>\n<li>Nunavut</li>\n</ul>\n<p>In these regions, the unemployment rate increased by two percentage points or more for a sustained period between March 2015 and February 2016, compared to its lowest point between December 2014 and February 2015, without showing significant signs of recovery.</p>\n<h4><strong>No. 3: Help for oil workers</strong></h4>\n<p>Because of dramatic job losses due to declines in global oil prices, this Budget proposes legislative changes to extend the duration of EI regular benefits by five weeks,  up to a maximum of 50 weeks of benefits for anyone living in a resource-dependent region.</p>\n<p>For long-tenured workers in these regions, these changes could mean an additional 20 weeks of EI regular benefits up to a maximum of 70 weeks of benefits.</p>\n<p>These extended benefits will be available for one year starting in July 2016, with the measure being applied retroactively to all eligible claims as of January 4, 2015.</p>\n<p><em>How this works: </em></p>\n<p>Gary lives in Red Deer, Alberta, where he has worked as a pipe fitter in the oil and gas sector earning $60,000 per year for the past 12 years. He was recently laid off, and is worried about making ends meet for his family. The unemployment rate in his region has increased from 5.4 per cent in February 2015 to 8.3 per cent as of March 13, 2016.</p>\n<p>Gary worked 1,750 hours in the 52 weeks prior to losing his job. In his economic region, this means that he qualifies for up to 40 weeks of EI benefits at a weekly benefit rate of $537. In total, under the program’s current rules, Gary will receive $21,480 in income support while he looks for work. However, under the temporary measures proposed in Budget 2016, Gary would be entitled to receive an extra five weeks of benefits. In addition, Gary has been paying maximum EI premiums and has never had a prior claim for benefits. As a result, he would also qualify to receive up to an additional 20 weeks of benefits for long-tenured workers. These additional weeks of benefits bring Gary’s total support under the EI program to 65 weeks of benefits. At his weekly benefit rate, this adds up to $34,905 in income support. The extended weeks of benefits will provide Gary with the peace of mind that he can provide for his family while he transitions to new employment.</p>\n<h4><strong>No. 4: Working while on EI is extended until August 2018</strong></h4>\n<p>The Working While on Claim pilot project lets people earn and keep up to 50 cents of their EI benefits for every $1 they earn, up to a maximum of 90% of their weekly insurable earnings (used to calculate their EI benefit amount). This pilot project will be extended until August 2018.</p>\n<h4><strong>No. 5: Investment in youth employment </strong></h4>\n<p>The Liberals will invest $165.4 million in the Youth Employment Strategy this year that will include: creation of green jobs, increased access to Skills Link program and increased job opportunities in the heritage sector.</p>\n<p>This funding is in addition to the $339 million already announced for the Canada Summer Jobs Program—funding that will be rolled out over the next three years, starting in 2016.</p>\n<h4><strong>No. 6: More co-op placement opportunities</strong></h4>\n<p>Under this Budget, the Liberals pledge to spend $73 million over the next four years to help employers and post-secondary institutions create new co-op placements for students.</p>\n<h4><strong>No. 7: Extension of the Automotive Innovation Fund</strong></h4>\n<p>Currently scheduled to end in 2017, this Budget will see this fund extended until 2020/2021. As before, this injection of funds will help leading employers and exporters directly employing more than 125,000 Canadians in the automotive industry.</p>\n<h4><strong>No. 8: Closing tax loopholes used by small businesses</strong></h4>\n<p>A concern on the domestic front is the ability of high-net-worth individuals to use private corporations to inappropriately reduce or defer tax. To help address this, Budget 2016 will:</p>\n<ul>\n<li>Prevent business owners from multiplying access to the $500,000 small business deduction using complex partnership and corporate structures;</li>\n<li>Ensure that investment income derived from an associated corporation’s active business is ineligible for the small business deduction (and taxed at the general corporate income tax rate) in certain circumstances;</li>\n<li>Ensure that associated corporations cannot avoid the $15-million taxable capital limit in certain circumstances; and</li>\n<li>Close loopholes that allow private corporations to use a life insurance policy to distribute amounts tax-free that would otherwise be taxable.</li>\n</ul>\n<h4><strong>No. 9: No further reduction of the small business tax rate</strong></h4>\n<p>Small businesses currently have a reduced income tax rate of 10.5% on their  first $500,000 of active business income. This reduced rate allows them to retain more earnings that can be reinvested to support growth and job creation. Further reductions in the small business income tax rate will be deferred into the future.</p>\n<h4><strong>No. 10: New capital cost allowance deductions</strong></h4>\n<p>Eligible capital property for income tax purposes includes intangible property such as goodwill and licenses, franchises and quotas of indeterminate duration, as well as certain other rights. To help simplify the income tax system, this Budget will repeal the eligible capital property regime and replace it with a new capital cost allowance (CCA) class.</p>\n<p>As part of this change, small balances of eligible capital property carried over to the new CCA class will be allowed to be deducted more quickly, and allow up to $3,000 in incorporation costs to be deducted as a current expense. The latter measure will allow approximately 80% of newly incorporated businesses to deduct the full amount of the incorporation expenses in their initial year.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-affects-ei-and-small-business/\">How the federal budget affects EI and small business</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the federal budget affects EI and small business','<p>The budget overhauls the employment insurance system but doesn\'t change the corporate tax rate for small businesses </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-affects-ei-and-small-business/\">How the federal budget affects EI and small business</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','pending','closed','closed','','','','','2016-03-22 18:34:43','2016-03-22 22:34:43','',0,'http://www.moneysense.ca/?p=150636',0,'post','',0),(1045,1,'2016-03-22 18:34:43','2016-03-22 22:34:43','<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>The federal budget takes big steps to overhaul the employment insurance system but does not change the corporate tax rate for small businesses as anticipated. Changes include:</p>\n<h4><strong>No. 1: </strong><strong>Shorter waits for Employment Insurance benefits</strong></h4>\n<p>Those hit by job loss will find some significant changes to Employment Insurance (EI). The waiting period for benefits will be reduced from two weeks to one week.</p>\n<h4><strong>No. 2: Increased eligibility to EI benefits</strong></h4>\n<p>How a person qualifies for EI will change. For instance, Donald lives in Winnipeg, Man., where he has worked part-time over the past six months since graduating from college. He was recently laid off. Under current EI eligibility rules, Donald would be considered a new entrant to the labour force. As a result, he would need to have worked at least 910 hours over the past 52 weeks to qualify for EI benefits. Since Donald only worked 780 hours over this period, he does not qualify for benefits. Under the proposed changes, Donald would face the same EI eligibility requirements as other claimants in his region. That would mean he could qualify for EI as long as he worked 665 hours. Since Donald qualifies for EI under the new rules he could receive up to 17 weeks of EI benefits while he looks for new work to start his career. These changes will take effect in July 2016.</p>\n<p>The regions that will benefit from these proposed changes include:</p>\n<ul>\n<li>Newfoundland/Labrador</li>\n<li>Sudbury</li>\n<li>Northern Ontario</li>\n<li>Northern Manitoba</li>\n<li>Saskatoon</li>\n<li>Northern Saskatchewan</li>\n<li>Calgary</li>\n<li>Northern Alberta</li>\n<li>Southern Alberta</li>\n<li>Northern British Columbia</li>\n<li>Whitehorse</li>\n<li>Nunavut</li>\n</ul>\n<p>In these regions, the unemployment rate increased by two percentage points or more for a sustained period between March 2015 and February 2016, compared to its lowest point between December 2014 and February 2015, without showing significant signs of recovery.</p>\n<h4><strong>No. 3: Help for oil workers</strong></h4>\n<p>Because of dramatic job losses due to declines in global oil prices, this Budget proposes legislative changes to extend the duration of EI regular benefits by five weeks,  up to a maximum of 50 weeks of benefits for anyone living in a resource-dependent region.</p>\n<p>For long-tenured workers in these regions, these changes could mean an additional 20 weeks of EI regular benefits up to a maximum of 70 weeks of benefits.</p>\n<p>These extended benefits will be available for one year starting in July 2016, with the measure being applied retroactively to all eligible claims as of January 4, 2015.</p>\n<p><em>How this works: </em></p>\n<p>Gary lives in Red Deer, Alberta, where he has worked as a pipe fitter in the oil and gas sector earning $60,000 per year for the past 12 years. He was recently laid off, and is worried about making ends meet for his family. The unemployment rate in his region has increased from 5.4 per cent in February 2015 to 8.3 per cent as of March 13, 2016.</p>\n<p>Gary worked 1,750 hours in the 52 weeks prior to losing his job. In his economic region, this means that he qualifies for up to 40 weeks of EI benefits at a weekly benefit rate of $537. In total, under the program’s current rules, Gary will receive $21,480 in income support while he looks for work. However, under the temporary measures proposed in Budget 2016, Gary would be entitled to receive an extra five weeks of benefits. In addition, Gary has been paying maximum EI premiums and has never had a prior claim for benefits. As a result, he would also qualify to receive up to an additional 20 weeks of benefits for long-tenured workers. These additional weeks of benefits bring Gary’s total support under the EI program to 65 weeks of benefits. At his weekly benefit rate, this adds up to $34,905 in income support. The extended weeks of benefits will provide Gary with the peace of mind that he can provide for his family while he transitions to new employment.</p>\n<h4><strong>No. 4: Working while on EI is extended until August 2018</strong></h4>\n<p>The Working While on Claim pilot project lets people earn and keep up to 50 cents of their EI benefits for every $1 they earn, up to a maximum of 90% of their weekly insurable earnings (used to calculate their EI benefit amount). This pilot project will be extended until August 2018.</p>\n<h4><strong>No. 5: Investment in youth employment </strong></h4>\n<p>The Liberals will invest $165.4 million in the Youth Employment Strategy this year that will include: creation of green jobs, increased access to Skills Link program and increased job opportunities in the heritage sector.</p>\n<p>This funding is in addition to the $339 million already announced for the Canada Summer Jobs Program—funding that will be rolled out over the next three years, starting in 2016.</p>\n<h4><strong>No. 6: More co-op placement opportunities</strong></h4>\n<p>Under this Budget, the Liberals pledge to spend $73 million over the next four years to help employers and post-secondary institutions create new co-op placements for students.</p>\n<h4><strong>No. 7: Extension of the Automotive Innovation Fund</strong></h4>\n<p>Currently scheduled to end in 2017, this Budget will see this fund extended until 2020/2021. As before, this injection of funds will help leading employers and exporters directly employing more than 125,000 Canadians in the automotive industry.</p>\n<h4><strong>No. 8: Closing tax loopholes used by small businesses</strong></h4>\n<p>A concern on the domestic front is the ability of high-net-worth individuals to use private corporations to inappropriately reduce or defer tax. To help address this, Budget 2016 will:</p>\n<ul>\n<li>Prevent business owners from multiplying access to the $500,000 small business deduction using complex partnership and corporate structures;</li>\n<li>Ensure that investment income derived from an associated corporation’s active business is ineligible for the small business deduction (and taxed at the general corporate income tax rate) in certain circumstances;</li>\n<li>Ensure that associated corporations cannot avoid the $15-million taxable capital limit in certain circumstances; and</li>\n<li>Close loopholes that allow private corporations to use a life insurance policy to distribute amounts tax-free that would otherwise be taxable.</li>\n</ul>\n<h4><strong>No. 9: No further reduction of the small business tax rate</strong></h4>\n<p>Small businesses currently have a reduced income tax rate of 10.5% on their  first $500,000 of active business income. This reduced rate allows them to retain more earnings that can be reinvested to support growth and job creation. Further reductions in the small business income tax rate will be deferred into the future.</p>\n<h4><strong>No. 10: New capital cost allowance deductions</strong></h4>\n<p>Eligible capital property for income tax purposes includes intangible property such as goodwill and licenses, franchises and quotas of indeterminate duration, as well as certain other rights. To help simplify the income tax system, this Budget will repeal the eligible capital property regime and replace it with a new capital cost allowance (CCA) class.</p>\n<p>As part of this change, small balances of eligible capital property carried over to the new CCA class will be allowed to be deducted more quickly, and allow up to $3,000 in incorporation costs to be deducted as a current expense. The latter measure will allow approximately 80% of newly incorporated businesses to deduct the full amount of the incorporation expenses in their initial year.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-affects-ei-and-small-business/\">How the federal budget affects EI and small business</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the federal budget affects EI and small business','<p>The budget overhauls the employment insurance system but doesn\'t change the corporate tax rate for small businesses </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-affects-ei-and-small-business/\">How the federal budget affects EI and small business</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1044-revision-v1','','','2016-03-22 18:34:43','2016-03-22 22:34:43','',1044,'http://feedwordpress.radgeek.com/?rev=18b6546f4ae1e1a57c6123902a001ce4',0,'revision','',0),(1046,1,'2016-03-22 18:10:57','2016-03-22 22:10:57','<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<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 ‘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>Families will be happy with the introduction of the <strong>Canada Child Benefit</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>See scenarios attached.  The clawback zones are what we need to watch:</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>$50,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$60,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$70,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$80,000</td>\n<td>31.48%</td>\n<td>72.48%</td>\n</tr>\n<tr>\n<td>$90,000</td>\n<td>37.91%</td>\n<td>58.41%</td>\n</tr>\n<tr>\n<td>$100,000</td>\n<td>43.41%</td>\n<td>63.91%</td>\n</tr>\n<tr>\n<td>$110,000</td>\n<td>43.41%</td>\n<td>63.91%</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>$210,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000+</td>\n<td>53.53%</td>\n<td>53.53%</td>\n</tr>\n</tbody>\n</table>\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, as you will see later.</p>\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 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 Universal Child Care Benefit 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>The Canada Child Benefit: See how it affects you </strong></p>\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 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>Scenario: Ontario family has three children under 6 and family net income of $30,000</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>Source: Knowledge Bureau, Inc.</p>\n<p>Conclusions:</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<p><strong> </strong></p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">Federal budget winners and losers: Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Federal budget winners and losers: 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/\">Federal budget winners and losers: Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1014-revision-v1','','','2016-03-22 18:10:57','2016-03-22 22:10:57','',1014,'http://feedwordpress.radgeek.com/?rev=a2bbb2384bbdbbf154ed76170f359792',0,'revision','',0),(1047,1,'2016-03-22 17:29:29','2016-03-22 21:29:29','<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=\"Panel Segment 2\" />\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 17:29:29','2016-03-22 21:29:29','',1022,'http://feedwordpress.radgeek.com/?rev=fc0f2e78ec0b7721929b3207ed778f6c',0,'revision','',0),(1048,1,'2016-03-22 17:01:22','2016-03-22 21:01:22','<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=\"Panel Segment 2\" />\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, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn&#8217;t get much bigger than that $29.4 billion deficit), many families wonder just how this budget will affect them. Here are six key changes that will impact Canadian parents:</p>\n<h3><strong>No. 1: The introduction of the Canada Child Benefit </strong></h3>\n<p>Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>An example: Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child is under age six, or $3,916 if their child is aged six to 17. Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged six to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.&#8221;</p>\n<p>It adds: &#8220;It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system. Some examples:</p>\n<blockquote><p><strong>Increased Benefits for a Family of Four With $90,000<br />\n</strong>Fictional couple Aveen and Sarita have two children aged eight and five. Aveen earned $30,000 in 2015, and Sarita earned $60,000. Together, they would have received a total of $3,145 under the current system (for the July 2016 to June 2017 benefit year). In comparison, the Canada Child Benefit program will deliver $5,650 in tax-free payments, a net after-tax increase of $2,505.</p>\n<p><strong>Increased Benefits for a Single Parent With One Child and $30,000<br />\n</strong>Samantha is a single parent with one child aged three. She earned $30,000 in 2015. Samantha would have received $4,852 under the current system (for the July 2016 to June 2017 benefit year). Instead, she will receive $6,400 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,548.</p>\n<p><strong>Increased Benefits for a Family of Four With $120,000<br />\n</strong>Ann and Derek have two children aged seven and four. Derek earned $84,000 and Ann earned $36,000 in 2015. Together, they would have received $1,901 under the current system (for the July 2016 to June 2017 benefit year). They will receive $3,940 in tax-free Canada Child Benefit payments, a net after-tax increase of $2,039.</p>\n<p><strong>Increased Benefits for a Family With One Child Eligible for the Child Disability Benefit<br />\n</strong>Marion and Jacques have one child, aged four, who is eligible for the Child Disability Benefit. Marion earned $40,000 and Jacques earned $20,000 in 2015. Marion and Jacques would have received $5,129 under the current system (for the July 2016 to June 2017 benefit year). Instead, they will receive $7,030 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,901.</p>\n<p>These additional child benefits include:</p>\n<ul>\n<li>An increase of $1,607 from the introduction of the Canada Child Benefit</li>\n<li>And an increase of $294 from the change to the Child Disability Benefit.</li>\n</ul>\n</blockquote>\n<h3><strong>No. 2: A reduction in the middle-income tax bracket</strong></h3>\n<p>As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly nine million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for people who earn more than $200,000 each year.</p>\n<h3><strong>No. 3: </strong><strong>An increase in child disability benefits</strong></h3>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<h3><strong>No. 4: </strong><strong>The elimination of income splitting for couples with kids</strong></h3>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document this is in direct reference to the prior Conservative government’s introduction of the Family Tax Credit, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<h3><strong>No. 5: </strong><strong>No more fitness or arts tax credits for kids</strong></h3>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively). These will be eliminated. The justification for this is an attempt to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate nor retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<h3><strong>No. 6: </strong><strong>An investment in childcare</strong></h3>\n<p>The Liberals want to invest $500 million to establish a National Framework on Early Learning and Child Care, starting in 2017 ($100 million of this is earmarked for Indigenous child care and early learning on reserve). This will facilitate how provinces address childcare needs.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the budget will affect families','<p>Six big changes in the federal budget parents should know about</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1004-revision-v1','','','2016-03-22 17:01:22','2016-03-22 21:01:22','',1004,'http://feedwordpress.radgeek.com/?rev=4f9545b59610d17579d1ab16a0adf315',0,'revision','',0),(1049,1,'2016-02-10 00:48:21','2016-02-10 00:48:21','The 2016 Toyota Prius is the forth generation of this iconic car. The all-new Toyota Prius hybrid is longer, wider and lower built on an all-new global architecture. This provides a more sophisticated ride, better handling and improved fuel economy. The 2016 Toyota Prius is a mid-sized hatchback with room for 5-pasengers and loaded with all kinds of new tech including advanced safety features and in-car comfort features like wireless smartphone charging. Toyota hopes this new Prius will also appeal to non hybrid owners.\n\n\nCompetitors to the Toyota Prius are the Mazda 6, the VW Jetta, Honda Civic, Toyota Corolla, Ford Focus, Ford Fiesta, Kia Soul, Nissan Versa, Chevy Sonic, Chevrolet Sonic, Kia Rio, Honda Fit, Honda HR-V, Toyota Yaris, Chevy Spark, Chevrolet Spark, Chevy Cruze, Chevrolet Cruze, Kia Forte, VW Jetta, VW Golf, Volkswagen Jetta, Volkswagen Golf, Dodge Dart, Hyundai Accent, Hyundai Elantra, Nissan Sentra, Fiat 500, Fiat 500X, Mazda3, Mazda2, Mazda6, Scion iM and Mitsubishi Lancer, Acura TLX, Acura TL, Audi A4, Audi A3, Audi A6, BMW 3 Series, BMW 5 Series, BMW X1, BMW X3, BMW X5, Cadillac ATS, Cadillac CTS, Chevy Impala, Chevrolet Impala, Chevy Malibu, Chevrolet Malibu, Dodge Charger, Dodge Avenger, Ford Fusion, Ford Focus, ford Taurus, Honda Accord, Hyundai Sonata, Kia Optima, Kia Forte,  Mazda3, Mazda2, Nissan Altima, Nissan Sentra, Nissan Maxima, Subaru Legacy, Subaru Impreza, Toyota Camry, Toyota Avalon, Toyota Rav4, Volkswagen Passat, VW Passat, VW Golf\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','Toyota Prius (Video Blog #44)','','publish','open','open','','toyota-prius-video-blog-44','','','2016-02-10 00:48:21','2016-02-10 00:48:21','',0,'http://www.l2ocredit.com/2016/02/10/toyota-prius-video-blog-44/',0,'post','',0),(1050,0,'2016-03-22 19:47:09','2016-03-22 23:47:09','','Toyota Prius (Video Blog #44)','','inherit','open','closed','','toyota-prius-video-blog-44-2','','','2016-03-22 19:47:09','2016-03-22 23:47:09','',1049,'http://www.l2ocredit.com/wp-content/uploads/2016/03/toyota-prius-video-blog-44-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1051,0,'2016-03-22 19:47:09','2016-03-22 23:47:09','','Toyota Prius (Video Blog #44)','','inherit','open','closed','','toyota-prius-video-blog-44-2','','','2016-03-22 19:47:09','2016-03-22 23:47:09','',1049,'http://www.l2ocredit.com/wp-content/uploads/2016/03/toyota-prius-video-blog-44-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1052,0,'2016-03-22 19:47:09','2016-03-22 23:47:09','','Toyota Prius (Video Blog #44)','','inherit','open','closed','','toyota-prius-video-blog-44-2','','','2016-03-22 19:47:09','2016-03-22 23:47:09','',1049,'http://www.l2ocredit.com/wp-content/uploads/2016/03/toyota-prius-video-blog-44-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1053,1,'2016-02-26 00:20:43','2016-02-26 00:20:43','Like Us on Facebook! https://www.facebook.com/pages/Camerons-Car-Reviews/349462695066112?ref=hl \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews','2016 Infiniti QX50 3.7 L V6 Review | Camerons Car Reviews','','publish','open','open','','2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews','','','2016-02-26 00:20:43','2016-02-26 00:20:43','',0,'http://www.l2ocredit.com/2016/02/26/2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews/',0,'post','',0),(1054,0,'2016-03-22 20:04:53','2016-03-23 00:04:53','','2016 Infiniti QX50 3.7 L V6 Review | Camerons Car Reviews','','inherit','open','closed','','2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews-2','','','2016-03-22 20:04:53','2016-03-23 00:04:53','',1053,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1055,0,'2016-03-22 20:04:53','2016-03-23 00:04:53','','2016 Infiniti QX50 3.7 L V6 Review | Camerons Car Reviews','','inherit','open','closed','','2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews-3','','','2016-03-22 20:04:53','2016-03-23 00:04:53','',1053,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1056,0,'2016-03-22 20:04:54','2016-03-23 00:04:54','','2016 Infiniti QX50 3.7 L V6 Review | Camerons Car Reviews','','inherit','open','closed','','2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews-4','','','2016-03-22 20:04:54','2016-03-23 00:04:54','',1053,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1057,0,'2016-03-22 20:04:55','2016-03-23 00:04:55','','2016 Infiniti QX50 3.7 L V6 Review | Camerons Car Reviews','','inherit','open','closed','','2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews-5','','','2016-03-22 20:04:55','2016-03-23 00:04:55','',1053,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-infiniti-qx50-3-7-l-v6-review-camerons-car-reviews-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1058,1,'2016-02-13 23:14:05','2016-02-13 23:14:05','KBB\'s coverage of the 2017 Kia Optima Hybrids at the 2016 Chicago Auto Show. \n\nKelley Blue Book is your source for new car reviews, auto show coverage, features, comparison tests, and technology reviews. Subscribe to catch all the latest Kelley Blue Book videos. http://www.youtube.com/subscription_center?add_user=kbb','2017 Kia Optima Hybrids - 2016 Chicago Auto Show','','publish','open','open','','2017-kia-optima-hybrids-2016-chicago-auto-show','','','2016-02-13 23:14:05','2016-02-13 23:14:05','',0,'http://www.l2ocredit.com/2016/02/13/2017-kia-optima-hybrids-2016-chicago-auto-show/',0,'post','',0),(1059,0,'2016-03-22 20:24:26','2016-03-23 00:24:26','','2017 Kia Optima Hybrids &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-kia-optima-hybrids-2016-chicago-auto-show-2','','','2016-03-22 20:24:26','2016-03-23 00:24:26','',1058,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-kia-optima-hybrids-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1060,0,'2016-03-22 20:24:26','2016-03-23 00:24:26','','2017 Kia Optima Hybrids &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-kia-optima-hybrids-2016-chicago-auto-show-2','','','2016-03-22 20:24:26','2016-03-23 00:24:26','',1058,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-kia-optima-hybrids-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1061,0,'2016-03-22 20:24:26','2016-03-23 00:24:26','','2017 Kia Optima Hybrids &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-kia-optima-hybrids-2016-chicago-auto-show-3','','','2016-03-22 20:24:26','2016-03-23 00:24:26','',1058,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-kia-optima-hybrids-2016-chicago-auto-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1062,1,'2016-03-02 10:39:05','2016-03-02 10:39:05','Porsche has revealed its overhauled 718 Boxster at the 2016 Geneva Motor Show. \n\nFull story: http://www.autoguide.com/auto-news/2016/03/porsche-718-boxster-promises-four-cylinder-fun.html\n\nSubscribe\nhttp://www.youtube.com/subscription_c...\n\nYouTube - http://www.youtube.com/user/Autoguide...\nFacebook - http://facebook.com/AutoGuide\nTwitter - http://twitter.com/AutoGuide\nGoogle+ - http://goo.gl/LBxsP\nWeb - http://www.AutoGuide.com\n\nAutoGuide reviews the latest new cars with test drives, car comparisons and shootouts plus coverage of breaking auto industry news, auto shows, rumors and spy photos. Help shop for your new car with informative car buying tips and car recall news, and be entertained with feature stories, Top 10s and car review videos.','2017 Porsche 718 Boxster First Look - 2016 Geneva Motor Show','','publish','open','open','','2017-porsche-718-boxster-first-look-2016-geneva-motor-show','','','2016-03-02 10:39:05','2016-03-02 10:39:05','',0,'http://www.l2ocredit.com/2016/03/02/2017-porsche-718-boxster-first-look-2016-geneva-motor-show/',0,'post','',0),(1063,0,'2016-03-22 20:41:32','2016-03-23 00:41:32','','2017 Porsche 718 Boxster First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-porsche-718-boxster-first-look-2016-geneva-motor-show-2','','','2016-03-22 20:41:32','2016-03-23 00:41:32','',1062,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-porsche-718-boxster-first-look-2016-geneva-motor-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1064,0,'2016-03-22 20:41:32','2016-03-23 00:41:32','','2017 Porsche 718 Boxster First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-porsche-718-boxster-first-look-2016-geneva-motor-show-2','','','2016-03-22 20:41:32','2016-03-23 00:41:32','',1062,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-porsche-718-boxster-first-look-2016-geneva-motor-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1065,0,'2016-03-22 20:41:32','2016-03-23 00:41:32','','2017 Porsche 718 Boxster First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-porsche-718-boxster-first-look-2016-geneva-motor-show-3','','','2016-03-22 20:41:32','2016-03-23 00:41:32','',1062,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-porsche-718-boxster-first-look-2016-geneva-motor-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1066,0,'2016-03-22 20:41:32','2016-03-23 00:41:32','','2017 Porsche 718 Boxster First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-porsche-718-boxster-first-look-2016-geneva-motor-show-4','','','2016-03-22 20:41:32','2016-03-23 00:41:32','',1062,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-porsche-718-boxster-first-look-2016-geneva-motor-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1067,0,'2016-03-22 20:41:32','2016-03-23 00:41:32','','2017 Porsche 718 Boxster First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-porsche-718-boxster-first-look-2016-geneva-motor-show-5','','','2016-03-22 20:41:32','2016-03-23 00:41:32','',1062,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-porsche-718-boxster-first-look-2016-geneva-motor-show-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1068,1,'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=\"Panel Segment 2\" />\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/how-the-federal-budget-will-affect-families/\" />\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=bcc032d486227581307a6aa639d37f20',0,'revision','',0),(1069,1,'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<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<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=4055b5c30d98c173370f19ace08875e0',0,'revision','',0),(1070,1,'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=\"Panel Segment 2\" />\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/how-the-federal-budget-will-affect-families/\" />\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=4caddbcbdfa9616a04bcfd3420a24c76',0,'revision','',0),(1071,1,'2016-03-22 17:01:22','2016-03-22 21:01:22','<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=\"Panel Segment 2\" />\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/how-the-federal-budget-will-affect-families/\" />\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, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn&#8217;t get much bigger than that $29.4 billion deficit), many families wonder just how this budget will affect them. Here are six key changes that will impact Canadian parents:</p>\n<h3><strong>No. 1: The introduction of the Canada Child Benefit </strong></h3>\n<p>Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>An example: Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child is under age six, or $3,916 if their child is aged six to 17. Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged six to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.&#8221;</p>\n<p>It adds: &#8220;It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system. Some examples:</p>\n<blockquote><p><strong>Increased Benefits for a Family of Four With $90,000<br />\n</strong>Fictional couple Aveen and Sarita have two children aged eight and five. Aveen earned $30,000 in 2015, and Sarita earned $60,000. Together, they would have received a total of $3,145 under the current system (for the July 2016 to June 2017 benefit year). In comparison, the Canada Child Benefit program will deliver $5,650 in tax-free payments, a net after-tax increase of $2,505.</p>\n<p><strong>Increased Benefits for a Single Parent With One Child and $30,000<br />\n</strong>Samantha is a single parent with one child aged three. She earned $30,000 in 2015. Samantha would have received $4,852 under the current system (for the July 2016 to June 2017 benefit year). Instead, she will receive $6,400 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,548.</p>\n<p><strong>Increased Benefits for a Family of Four With $120,000<br />\n</strong>Ann and Derek have two children aged seven and four. Derek earned $84,000 and Ann earned $36,000 in 2015. Together, they would have received $1,901 under the current system (for the July 2016 to June 2017 benefit year). They will receive $3,940 in tax-free Canada Child Benefit payments, a net after-tax increase of $2,039.</p>\n<p><strong>Increased Benefits for a Family With One Child Eligible for the Child Disability Benefit<br />\n</strong>Marion and Jacques have one child, aged four, who is eligible for the Child Disability Benefit. Marion earned $40,000 and Jacques earned $20,000 in 2015. Marion and Jacques would have received $5,129 under the current system (for the July 2016 to June 2017 benefit year). Instead, they will receive $7,030 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,901.</p>\n<p>These additional child benefits include:</p>\n<ul>\n<li>An increase of $1,607 from the introduction of the Canada Child Benefit</li>\n<li>And an increase of $294 from the change to the Child Disability Benefit.</li>\n</ul>\n</blockquote>\n<h3><strong>No. 2: A reduction in the middle-income tax bracket</strong></h3>\n<p>As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly nine million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for people who earn more than $200,000 each year.</p>\n<h3><strong>No. 3: </strong><strong>An increase in child disability benefits</strong></h3>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<h3><strong>No. 4: </strong><strong>The elimination of income splitting for couples with kids</strong></h3>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document this is in direct reference to the prior Conservative government’s introduction of the Family Tax Credit, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<h3><strong>No. 5: </strong><strong>No more fitness or arts tax credits for kids</strong></h3>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively). These will be eliminated. The justification for this is an attempt to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate nor retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<h3><strong>No. 6: </strong><strong>An investment in childcare</strong></h3>\n<p>The Liberals want to invest $500 million to establish a National Framework on Early Learning and Child Care, starting in 2017 ($100 million of this is earmarked for Indigenous child care and early learning on reserve). This will facilitate how provinces address childcare needs.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the budget will affect families','<p>Six big changes parents should know about</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1004-revision-v1','','','2016-03-22 17:01:22','2016-03-22 21:01:22','',1004,'http://feedwordpress.radgeek.com/?rev=ce33abc02ab6d3e836549e376ae37d06',0,'revision','',0),(1072,1,'2016-02-11 14:00:03','2016-02-11 14:00:03','NOTE: To watch 360 degree videos, you\'ll need the latest version of Chrome, Opera, Firefox, or Internet Explorer on your computer. On mobile, use the latest version of the YouTube app for Android or iOS.\n\nIn this extended FIRST EVER #360Video for our show and FIRST DRIVE REVIEW of the 2016 Chevrolet Volt EV, MotoMan by GM EV guru, Shad Balch – an old friend of the show from the early days. They start out with a full charge from YouTube Space LA and drive the 2016 Chevy Volt as it was intended – in traffic and around town: In this case, from Playa Vista down the beach cities of Los Angeles and the South Bay. . . . Along the way, they discuss the technical changes from Chevy Volt gen 1 to gen 2, test out the auto park feature and even welcome a very special guest via Apple Car Play . . .  In this FIRST EVER VR #360Video, you will not only be able to follow along with MotoMan &amp; @ShadBalch – but move the camera around to see the different angles and explore the small beach communities they drive through – and even give restaurant recommendations!\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\nDownload our MotoManTV App!\n\niTunes/iOS: https://itunes.apple.com/us/app/motomantv/id1049061634?mt=8\nGoogle Play/Android: https://play.google.com/store/apps/details?id=com.openpath.motoman&amp;hl=en\n\nCheck out our Chevrolet Playlist: https://www.youtube.com/playlist?list=PLF6ek7dWy48q3CFUdsbDG7G0JCHA4IWOG\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV','2016 Chevy Volt FIRST DRIVE REVIEW in #360Video','','publish','open','open','','2016-chevy-volt-first-drive-review-in-360video','','','2016-02-11 14:00:03','2016-02-11 14:00:03','',0,'http://www.l2ocredit.com/2016/02/11/2016-chevy-volt-first-drive-review-in-360video/',0,'post','',0),(1073,0,'2016-03-22 20:59:53','2016-03-23 00:59:53','','2016 Chevy Volt FIRST DRIVE REVIEW in #360Video','','inherit','open','closed','','2016-chevy-volt-first-drive-review-in-360video-2','','','2016-03-22 20:59:53','2016-03-23 00:59:53','',1072,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevy-volt-first-drive-review-in-360video-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1074,0,'2016-03-22 20:59:53','2016-03-23 00:59:53','','2016 Chevy Volt FIRST DRIVE REVIEW in #360Video','','inherit','open','closed','','2016-chevy-volt-first-drive-review-in-360video-3','','','2016-03-22 20:59:53','2016-03-23 00:59:53','',1072,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevy-volt-first-drive-review-in-360video-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1075,1,'2016-02-08 05:36:35','2016-02-08 05:36:35','Although the 2016 Volt is \"more hybrid\" than before, it\'s also \"more EV\" than the last Volt making this the ultimate EV/Hybrid... Well, EV/Hybrid Hybrid. What\'s that supposed to mean? Watch and find out. \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 Chevrolet Volt Review and Road Test - Detailed in 4K UHD','','publish','open','open','','2016-chevrolet-volt-review-and-road-test-detailed-in-4k-uhd','','','2016-02-08 05:36:35','2016-02-08 05:36:35','',0,'http://www.l2ocredit.com/2016/02/08/2016-chevrolet-volt-review-and-road-test-detailed-in-4k-uhd/',0,'post','',0),(1076,0,'2016-03-22 21:16:45','2016-03-23 01:16:45','','2016 Chevrolet Volt Review and Road Test &#8211; Detailed in 4K UHD','','inherit','open','closed','','2016-chevrolet-volt-review-and-road-test-detailed-in-4k-uhd-2','','','2016-03-22 21:16:45','2016-03-23 01:16:45','',1075,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevrolet-volt-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1077,0,'2016-03-22 21:16:45','2016-03-23 01:16:45','','2016 Chevrolet Volt Review and Road Test &#8211; Detailed in 4K UHD','','inherit','open','closed','','2016-chevrolet-volt-review-and-road-test-detailed-in-4k-uhd-2','','','2016-03-22 21:16:45','2016-03-23 01:16:45','',1075,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevrolet-volt-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1078,0,'2016-03-22 21:16:46','2016-03-23 01:16:46','','2016 Chevrolet Volt Review and Road Test &#8211; Detailed in 4K UHD','','inherit','open','closed','','2016-chevrolet-volt-review-and-road-test-detailed-in-4k-uhd-3','','','2016-03-22 21:16:46','2016-03-23 01:16:46','',1075,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevrolet-volt-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1079,1,'2016-01-28 14:30:00','2016-01-28 14:30:00','The HR-V and CX-3 are extremely close on paper, but which works better in the real world? Full article: http://wp.me/p3LQCT-Zru\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','SUV Comparison | 2016 Honda HR V vs 2016 Mazda CX 3 | Driving.ca','','publish','open','open','','suv-comparison-2016-honda-hr-v-vs-2016-mazda-cx-3-driving-ca','','','2016-01-28 14:30:00','2016-01-28 14:30:00','',0,'http://www.l2ocredit.com/2016/01/28/suv-comparison-2016-honda-hr-v-vs-2016-mazda-cx-3-driving-ca/',0,'post','',0),(1080,0,'2016-03-22 21:31:58','2016-03-23 01:31:58','','SUV Comparison | 2016 Honda HR V vs 2016 Mazda CX 3 | Driving.ca','','inherit','open','closed','','suv-comparison-2016-honda-hr-v-vs-2016-mazda-cx-3-driving-ca-2','','','2016-03-22 21:31:58','2016-03-23 01:31:58','',1079,'http://www.l2ocredit.com/wp-content/uploads/2016/03/suv-comparison-2016-honda-hr-v-vs-2016-mazda-cx-3-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1081,0,'2016-03-22 21:31:58','2016-03-23 01:31:58','','SUV Comparison | 2016 Honda HR V vs 2016 Mazda CX 3 | Driving.ca','','inherit','open','closed','','suv-comparison-2016-honda-hr-v-vs-2016-mazda-cx-3-driving-ca-3','','','2016-03-22 21:31:58','2016-03-23 01:31:58','',1079,'http://www.l2ocredit.com/wp-content/uploads/2016/03/suv-comparison-2016-honda-hr-v-vs-2016-mazda-cx-3-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1082,1,'2015-12-02 16:11:31','2015-12-02 16:11:31','Every bit as capable as Mercedes-Benz AMG and BMW M cars, ATS-V is letter perfect in its driving dynamics. Now, if Cadillac can only get enthusiasts to understand that.','2016 Cadillac ATS-V Coupe','','publish','open','open','','2016-cadillac-ats-v-coupe','','','2015-12-02 16:11:31','2015-12-02 16:11:31','',0,'http://www.l2ocredit.com/2015/12/02/2016-cadillac-ats-v-coupe/',0,'post','',0),(1083,0,'2016-03-22 21:47:03','2016-03-23 01:47:03','','2016 Cadillac ATS-V Coupe','','inherit','open','closed','','2016-cadillac-ats-v-coupe-2','','','2016-03-22 21:47:03','2016-03-23 01:47:03','',1082,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-cadillac-ats-v-coupe-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1084,0,'2016-03-22 21:47:03','2016-03-23 01:47:03','','2016 Cadillac ATS-V Coupe','','inherit','open','closed','','2016-cadillac-ats-v-coupe-3','','','2016-03-22 21:47:03','2016-03-23 01:47:03','',1082,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-cadillac-ats-v-coupe-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1085,1,'2016-02-09 13:00:01','2016-02-09 13:00:01','This is a VW Tiguan Review. 2017 Tiguan or 2018 Tiguan. The next generation all-new VW, or Volkswagen Tiguan will be arriving in 2017 as a 2018 model. This is the first small SUV or Crossover to be built of VW\'s MQB platform. The new Tiguan is larger, with more interior space for up to 7-passengers and three-rows of seats. The Tiguan will have an advanced all wheel drive (AWD) system with dynamic chassis control (DCC) and will come with a turbocharged 4-cylinder or DTI. The next VW Tiguan will now have what it takes to compete in the heart of the compact crossover segment.\nThe 2016 Subaru Crosstrek is formally the XV Crosstrek, or Subaru Crosstreck. With more ground clearance than a subcompact crossover, like the Honda HR-V or Mazda CX-3, this new Subaru is more manageable than the popular Compact crossovers like the Honda CR-V, Toyota Rav4 and Forester. \nFor Canadians that like to go off the beaten path, the 220mm of ground clearance will help this Subie Crosstrek in winter driving and off-road. Not a traditional SUV, this tall wagon style of compact crossover is what many Canadians are looking for.\nCompetitors to the VW Tiguan are the Subaru Crosstrek, the Jeep Renegade, Jeep Patriot, Ford Escape, Jeep Compass, Honda HR-V, Mitsubishi Outlander, Mazda CX-3, Fiat 500X, Chevy Trax, Chevrolet Trax, Nissan Rogue, Nissan Juke, Mazda CX-5, Mazda CX-3, Hyundai Tucson, Kia Sportage, Subaru Forester, Mini Countryman, Honda CR-V, Toyota RAV4, Buick Encore, Volkswagen Tiguan, VW Tiguan, BMW X1\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','VW Tiguan Review. ALL-NEW NEXT GENERATION Tiguan','','publish','open','open','','vw-tiguan-review-all-new-next-generation-tiguan','','','2016-02-09 13:00:01','2016-02-09 13:00:01','',0,'http://www.l2ocredit.com/2016/02/09/vw-tiguan-review-all-new-next-generation-tiguan/',0,'post','',0),(1086,0,'2016-03-22 22:02:10','2016-03-23 02:02:10','','VW Tiguan Review. ALL-NEW NEXT GENERATION Tiguan','','inherit','open','closed','','vw-tiguan-review-all-new-next-generation-tiguan-2','','','2016-03-22 22:02:10','2016-03-23 02:02:10','',1085,'http://www.l2ocredit.com/wp-content/uploads/2016/03/vw-tiguan-review-all-new-next-generation-tiguan-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1087,0,'2016-03-22 22:02:10','2016-03-23 02:02:10','','VW Tiguan Review. ALL-NEW NEXT GENERATION Tiguan','','inherit','open','closed','','vw-tiguan-review-all-new-next-generation-tiguan-3','','','2016-03-22 22:02:10','2016-03-23 02:02:10','',1085,'http://www.l2ocredit.com/wp-content/uploads/2016/03/vw-tiguan-review-all-new-next-generation-tiguan-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1088,0,'2016-03-22 22:02:10','2016-03-23 02:02:10','','VW Tiguan Review. ALL-NEW NEXT GENERATION Tiguan','','inherit','open','closed','','vw-tiguan-review-all-new-next-generation-tiguan-4','','','2016-03-22 22:02:10','2016-03-23 02:02:10','',1085,'http://www.l2ocredit.com/wp-content/uploads/2016/03/vw-tiguan-review-all-new-next-generation-tiguan-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1089,0,'2016-03-22 22:02:10','2016-03-23 02:02:10','','VW Tiguan Review. ALL-NEW NEXT GENERATION Tiguan','','inherit','open','closed','','vw-tiguan-review-all-new-next-generation-tiguan-5','','','2016-03-22 22:02:10','2016-03-23 02:02:10','',1085,'http://www.l2ocredit.com/wp-content/uploads/2016/03/vw-tiguan-review-all-new-next-generation-tiguan-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1090,1,'2016-02-25 22:25:20','2016-02-25 22:25:20','Like Us on Facebook! https://www.facebook.com/pages/Camero... \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews \nCamerons Car Reviews Score: 4.5/5 \nPowertrain Options: 5.6 L V8 with a 7-Speed Automatic 4x2 or 4x4 \nEngine &amp; Performance\nBASE ENGINE SIZE 5.6 L \nCAM TYPE Double overhead cam (DOHC)\nCYLINDERS V8 \nVALVES 32\nVALVE TIMING Variable \nTORQUE 413 ft-lbs. @ 4000 rpm\nHORSEPOWER 400 hp @ 5800 rpm \nTURNING CIRCLE 41.6 ft.\nFuel\nENGINE TYPE Gas \nFUEL TYPE Premium unleaded (recommended)\nFUEL TANK CAPACITY 26.0 gal. \nRANGE IN MILES (CTY/HWY) 364.0/520.0 mi.\nEPA MILEAGE EST. (CTY/HWY) 14/20 mpg  \nWeights and Capacities\nMAXIMUM TOWING CAPACITY** 8500 lbs. \nEPA INTERIOR VOLUME 169.1 cu.ft.\nCURB WEIGHT 5633 lbs. \nCARGO CAPACITY, ALL SEATS IN PLACE 16.6 cu.ft.\nMAXIMUM CARGO CAPACITY 95.1 cu.ft. \nCompetitors: Cadillac Escalade, Lexus LX, Land Rover Range Rover, Lincoln Navigator','2016 Infiniti QX80 Limited 5.6 L V8 Review | Camerons Car Reviews','','publish','open','open','','2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews','','','2016-02-25 22:25:20','2016-02-25 22:25:20','',0,'http://www.l2ocredit.com/2016/02/25/2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews/',0,'post','',0),(1091,0,'2016-03-22 22:19:10','2016-03-23 02:19:10','','2016 Infiniti QX80 Limited 5.6 L V8 Review | Camerons Car Reviews','','inherit','open','closed','','2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews-2','','','2016-03-22 22:19:10','2016-03-23 02:19:10','',1090,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1092,0,'2016-03-22 22:19:10','2016-03-23 02:19:10','','2016 Infiniti QX80 Limited 5.6 L V8 Review | Camerons Car Reviews','','inherit','open','closed','','2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews-2','','','2016-03-22 22:19:10','2016-03-23 02:19:10','',1090,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1093,0,'2016-03-22 22:19:10','2016-03-23 02:19:10','','2016 Infiniti QX80 Limited 5.6 L V8 Review | Camerons Car Reviews','','inherit','open','closed','','2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews-3','','','2016-03-22 22:19:10','2016-03-23 02:19:10','',1090,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1094,0,'2016-03-22 22:19:11','2016-03-23 02:19:11','','2016 Infiniti QX80 Limited 5.6 L V8 Review | Camerons Car Reviews','','inherit','open','closed','','2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews-4','','','2016-03-22 22:19:11','2016-03-23 02:19:11','',1090,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-infiniti-qx80-limited-5-6-l-v8-review-camerons-car-reviews-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1095,1,'2016-02-13 23:11:11','2016-02-13 23:11:11','KBB\'s coverage of the 2017 Kia Niro at the 2016 Chicago Auto Show. \n\nKelley Blue Book is your source for new car reviews, auto show coverage, features, comparison tests, and technology reviews. Subscribe to catch all the latest Kelley Blue Book videos. http://www.youtube.com/subscription_center?add_user=kbbDescription','2017 Kia Niro - 2016 Chicago Auto Show','','publish','open','open','','2017-kia-niro-2016-chicago-auto-show','','','2016-02-13 23:11:11','2016-02-13 23:11:11','',0,'http://www.l2ocredit.com/2016/02/13/2017-kia-niro-2016-chicago-auto-show/',0,'post','',0),(1096,0,'2016-03-22 22:37:52','2016-03-23 02:37:52','','2017 Kia Niro &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-kia-niro-2016-chicago-auto-show-2','','','2016-03-22 22:37:52','2016-03-23 02:37:52','',1095,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-kia-niro-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1097,0,'2016-03-22 22:37:52','2016-03-23 02:37:52','','2017 Kia Niro &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-kia-niro-2016-chicago-auto-show-2','','','2016-03-22 22:37:52','2016-03-23 02:37:52','',1095,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-kia-niro-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1098,0,'2016-03-22 22:37:52','2016-03-23 02:37:52','','2017 Kia Niro &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-kia-niro-2016-chicago-auto-show-2','','','2016-03-22 22:37:52','2016-03-23 02:37:52','',1095,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-kia-niro-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1099,0,'2016-03-22 22:37:52','2016-03-23 02:37:52','','2017 Kia Niro &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-kia-niro-2016-chicago-auto-show-3','','','2016-03-22 22:37:52','2016-03-23 02:37:52','',1095,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-kia-niro-2016-chicago-auto-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1100,1,'2016-03-02 09:06:49','2016-03-02 09:06:49','The Hyundai Ioniq will be available in three different versions: all electric, plug-in hybrid and standard hybrid. http://www.autoguide.com/auto-news/2016/02/hyundai-ioniq-hybrid-revealed-in-all-three-forms.html\n\n\nSubscribe\nhttp://www.youtube.com/subscription_center?add_user=AutoGuideVideo\n\nYouTube - http://www.youtube.com/user/AutoguideVideo\nFacebook - http://facebook.com/AutoGuide\nTwitter - http://twitter.com/AutoGuide\nGoogle+ - http://goo.gl/LBxsP\nWeb - http://www.AutoGuide.com\n\nAutoGuide reviews the latest new cars with test drives, car comparisons and shootouts plus coverage of breaking auto industry news, auto shows, rumors and spy photos. Help shop for your new car with informative car buying tips and car recall news, and be entertained with feature stories, Top 10s and car review videos.','2017 Hyundai Ioniq First Look - 2016 Geneva Motor Show','','publish','open','open','','2017-hyundai-ioniq-first-look-2016-geneva-motor-show','','','2016-03-02 09:06:49','2016-03-02 09:06:49','',0,'http://www.l2ocredit.com/2016/03/02/2017-hyundai-ioniq-first-look-2016-geneva-motor-show/',0,'post','',0),(1101,0,'2016-03-22 23:10:10','2016-03-23 03:10:10','','2017 Hyundai Ioniq First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-hyundai-ioniq-first-look-2016-geneva-motor-show-2','','','2016-03-22 23:10:10','2016-03-23 03:10:10','',1100,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-hyundai-ioniq-first-look-2016-geneva-motor-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1102,0,'2016-03-22 23:10:10','2016-03-23 03:10:10','','2017 Hyundai Ioniq First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-hyundai-ioniq-first-look-2016-geneva-motor-show-3','','','2016-03-22 23:10:10','2016-03-23 03:10:10','',1100,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-hyundai-ioniq-first-look-2016-geneva-motor-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1103,1,'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=\"description\" content=\"\" />\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=5384323e766d75973104372e46c56349',0,'revision','',0),(1104,1,'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=\"description\" content=\"\" />\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=294bdc2566c3ef24eae37214e51cc0ab',0,'revision','',0),(1105,1,'2016-03-22 17:01:22','2016-03-22 21:01:22','<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=\"description\" content=\"\" />\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, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn&#8217;t get much bigger than that $29.4 billion deficit), many families wonder just how this budget will affect them. Here are six key changes that will impact Canadian parents:</p>\n<h3><strong>No. 1: The introduction of the Canada Child Benefit </strong></h3>\n<p>Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>An example: Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child is under age six, or $3,916 if their child is aged six to 17. Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged six to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.&#8221;</p>\n<p>It adds: &#8220;It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system. Some examples:</p>\n<blockquote><p><strong>Increased Benefits for a Family of Four With $90,000<br />\n</strong>Fictional couple Aveen and Sarita have two children aged eight and five. Aveen earned $30,000 in 2015, and Sarita earned $60,000. Together, they would have received a total of $3,145 under the current system (for the July 2016 to June 2017 benefit year). In comparison, the Canada Child Benefit program will deliver $5,650 in tax-free payments, a net after-tax increase of $2,505.</p>\n<p><strong>Increased Benefits for a Single Parent With One Child and $30,000<br />\n</strong>Samantha is a single parent with one child aged three. She earned $30,000 in 2015. Samantha would have received $4,852 under the current system (for the July 2016 to June 2017 benefit year). Instead, she will receive $6,400 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,548.</p>\n<p><strong>Increased Benefits for a Family of Four With $120,000<br />\n</strong>Ann and Derek have two children aged seven and four. Derek earned $84,000 and Ann earned $36,000 in 2015. Together, they would have received $1,901 under the current system (for the July 2016 to June 2017 benefit year). They will receive $3,940 in tax-free Canada Child Benefit payments, a net after-tax increase of $2,039.</p>\n<p><strong>Increased Benefits for a Family With One Child Eligible for the Child Disability Benefit<br />\n</strong>Marion and Jacques have one child, aged four, who is eligible for the Child Disability Benefit. Marion earned $40,000 and Jacques earned $20,000 in 2015. Marion and Jacques would have received $5,129 under the current system (for the July 2016 to June 2017 benefit year). Instead, they will receive $7,030 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,901.</p>\n<p>These additional child benefits include:</p>\n<ul>\n<li>An increase of $1,607 from the introduction of the Canada Child Benefit</li>\n<li>And an increase of $294 from the change to the Child Disability Benefit.</li>\n</ul>\n</blockquote>\n<p>Read: <a href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a></p>\n<h3><strong>No. 2: A reduction in the middle-income tax bracket</strong></h3>\n<p>As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly nine million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for people who earn more than $200,000 each year.</p>\n<p>Read: <a href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the federal budget will affect you</a></p>\n<h3><strong>No. 3: </strong><strong>An increase in child disability benefits</strong></h3>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<h3><strong>No. 4: </strong><strong>The elimination of income splitting for couples with kids</strong></h3>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document this is in direct reference to the prior Conservative government’s introduction of the Family Tax Credit, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<h3><strong>No. 5: </strong><strong>No more fitness or arts tax credits for kids</strong></h3>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively). These will be eliminated. The justification for this is an attempt to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate nor retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<p>Read: <a href=\"http://www.moneysense.ca/save/debt/student-debt/how-the-federal-budget-affects-students/\">5 ways the budget affects students</a></p>\n<h3><strong>No. 6: </strong><strong>An investment in childcare</strong></h3>\n<p>The Liberals want to invest $500 million to establish a National Framework on Early Learning and Child Care, starting in 2017 ($100 million of this is earmarked for Indigenous child care and early learning on reserve). This will facilitate how provinces address childcare needs.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the budget will affect families','<p>Six big changes parents should know about</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1004-revision-v1','','','2016-03-22 17:01:22','2016-03-22 21:01:22','',1004,'http://feedwordpress.radgeek.com/?rev=b94be40645dfee0a93072cfc0c0d5af1',0,'revision','',0),(1106,1,'2016-03-22 17:01:22','2016-03-22 21:01:22','<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=\"description\" content=\"\" />\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, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn&#8217;t get much bigger than that $29.4 billion deficit), many families wonder just how this budget will affect them. Here are six key changes that will impact Canadian parents:</p>\n<h3><strong>No. 1: The introduction of the Canada Child Benefit </strong></h3>\n<p>Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>An example: Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child is under age six, or $3,916 if their child is aged six to 17. Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged six to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.&#8221;</p>\n<p>It adds: &#8220;It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system. Some examples:</p>\n<blockquote><p><strong>Increased Benefits for a Family of Four With $90,000<br />\n</strong>Fictional couple Aveen and Sarita have two children aged eight and five. Aveen earned $30,000 in 2015, and Sarita earned $60,000. Together, they would have received a total of $3,145 under the current system (for the July 2016 to June 2017 benefit year). In comparison, the Canada Child Benefit program will deliver $5,650 in tax-free payments, a net after-tax increase of $2,505.</p>\n<p><strong>Increased Benefits for a Single Parent With One Child and $30,000<br />\n</strong>Samantha is a single parent with one child aged three. She earned $30,000 in 2015. Samantha would have received $4,852 under the current system (for the July 2016 to June 2017 benefit year). Instead, she will receive $6,400 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,548.</p>\n<p><strong>Increased Benefits for a Family of Four With $120,000<br />\n</strong>Ann and Derek have two children aged seven and four. Derek earned $84,000 and Ann earned $36,000 in 2015. Together, they would have received $1,901 under the current system (for the July 2016 to June 2017 benefit year). They will receive $3,940 in tax-free Canada Child Benefit payments, a net after-tax increase of $2,039.</p>\n<p><strong>Increased Benefits for a Family With One Child Eligible for the Child Disability Benefit<br />\n</strong>Marion and Jacques have one child, aged four, who is eligible for the Child Disability Benefit. Marion earned $40,000 and Jacques earned $20,000 in 2015. Marion and Jacques would have received $5,129 under the current system (for the July 2016 to June 2017 benefit year). Instead, they will receive $7,030 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,901.</p>\n<p>These additional child benefits include:</p>\n<ul>\n<li>An increase of $1,607 from the introduction of the Canada Child Benefit</li>\n<li>And an increase of $294 from the change to the Child Disability Benefit.</li>\n</ul>\n</blockquote>\n<p>Read: <a href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a></p>\n<h3><strong>No. 2: A reduction in the middle-income tax bracket</strong></h3>\n<p>As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly nine million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for people who earn more than $200,000 each year.</p>\n<p>Read: <a href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the federal budget will affect you</a></p>\n<h3><strong>No. 3: </strong><strong>An increase in child disability benefits</strong></h3>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<h3><strong>No. 4: </strong><strong>The elimination of income splitting for couples with kids</strong></h3>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document this is in direct reference to the prior Conservative government’s introduction of the Family Tax Credit, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<h3><strong>No. 5: </strong><strong>No more fitness or arts tax credits for kids</strong></h3>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively). These will be eliminated. The justification for this is an attempt to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate nor retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<p>Read: <a href=\"http://www.moneysense.ca/save/debt/student-debt/how-the-federal-budget-affects-students/\">5 ways the budget affects students</a></p>\n<h3><strong>No. 6: </strong><strong>An investment in childcare</strong></h3>\n<p>The Liberals want to invest $500 million to establish a National Framework on Early Learning and Child Care, starting in 2017 ($100 million of this is earmarked for Indigenous child care and early learning on reserve). This will facilitate how provinces address childcare needs.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the budget will affect families','<p>Six big changes parents should know about</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1004-revision-v1','','','2016-03-22 17:01:22','2016-03-22 21:01:22','',1004,'http://feedwordpress.radgeek.com/?rev=b94be40645dfee0a93072cfc0c0d5af1',0,'revision','',0),(1107,1,'2016-02-09 14:00:01','2016-02-09 14:00:01','In this #AskMotoManTV episode, MotoMan drives the 2016 Porsche Panamera GTS in South Florida to both provide some insight in a mini FIRST DRIVE REVIEW as well as answer your questions! Here he takes questions on VW and Audi driving dynamics as well as his choices for three important car segments – Get YOUR questions answered by sending MotoMan questions via Twitter using the hashtag #AskMotoManTV . . .\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\nDownload our MotoManTV App!\n\niTunes/iOS: https://itunes.apple.com/us/app/motomantv/id1049061634?mt=8\n\nGoogle Play/Android: https://play.google.com/store/apps/details?id=com.openpath.motoman&amp;hl=en\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','2016 Porsche Panamera GTS FIRST DRIVE REVIEW &amp; MotoMan Answers YOUR Questions - #AskMotoManTV','','publish','open','open','','2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv','','','2016-02-09 14:00:01','2016-02-09 14:00:01','',0,'http://www.l2ocredit.com/2016/02/09/2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv/',0,'post','',0),(1108,0,'2016-03-22 23:37:46','2016-03-23 03:37:46','','2016 Porsche Panamera GTS FIRST DRIVE REVIEW &amp; MotoMan Answers YOUR Questions &#8211; #AskMotoManTV','','inherit','open','closed','','2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv-2','','','2016-03-22 23:37:46','2016-03-23 03:37:46','',1107,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1109,0,'2016-03-22 23:37:46','2016-03-23 03:37:46','','2016 Porsche Panamera GTS FIRST DRIVE REVIEW &amp; MotoMan Answers YOUR Questions &#8211; #AskMotoManTV','','inherit','open','closed','','2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv-3','','','2016-03-22 23:37:46','2016-03-23 03:37:46','',1107,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1110,0,'2016-03-22 23:37:46','2016-03-23 03:37:46','','2016 Porsche Panamera GTS FIRST DRIVE REVIEW &amp; MotoMan Answers YOUR Questions &#8211; #AskMotoManTV','','inherit','open','closed','','2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv-4','','','2016-03-22 23:37:46','2016-03-23 03:37:46','',1107,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1111,0,'2016-03-22 23:37:46','2016-03-23 03:37:46','','2016 Porsche Panamera GTS FIRST DRIVE REVIEW &amp; MotoMan Answers YOUR Questions &#8211; #AskMotoManTV','','inherit','open','closed','','2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv-5','','','2016-03-22 23:37:46','2016-03-23 03:37:46','',1107,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-porsche-panamera-gts-first-drive-review-motoman-answers-your-questions-askmotomantv-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1112,1,'2016-02-08 03:50:12','2016-02-08 03:50:12','GM added a center seat belt to the 2016 Volt but because the Volt is still a compact car things are still tight in the back. \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 Chevrolet Volt Child Seat Review','','publish','open','open','','2016-chevrolet-volt-child-seat-review','','','2016-02-08 03:50:12','2016-02-08 03:50:12','',0,'http://www.l2ocredit.com/2016/02/08/2016-chevrolet-volt-child-seat-review/',0,'post','',0),(1113,0,'2016-03-23 00:00:16','2016-03-23 04:00:16','','2016 Chevrolet Volt Child Seat Review','','inherit','open','closed','','2016-chevrolet-volt-child-seat-review-2','','','2016-03-23 00:00:16','2016-03-23 04:00:16','',1112,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevrolet-volt-child-seat-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1114,0,'2016-03-23 00:00:17','2016-03-23 04:00:17','','2016 Chevrolet Volt Child Seat Review','','inherit','open','closed','','2016-chevrolet-volt-child-seat-review-3','','','2016-03-23 00:00:17','2016-03-23 04:00:17','',1112,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-chevrolet-volt-child-seat-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1115,1,'2016-01-12 14:53:08','2016-01-12 14:53:08','Crossovers remain popular but there were plenty of luxury car debuts from this year\'s Detroit Auto Show. Full Article: http://wp.me/p3LQCT-Zix\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','2016 Detroit Auto Show | Luxury Cars | Driving.ca','','publish','open','open','','2016-detroit-auto-show-luxury-cars-driving-ca','','','2016-01-12 14:53:08','2016-01-12 14:53:08','',0,'http://www.l2ocredit.com/2016/01/12/2016-detroit-auto-show-luxury-cars-driving-ca/',0,'post','',0),(1116,0,'2016-03-23 00:16:31','2016-03-23 04:16:31','','2016 Detroit Auto Show | Luxury Cars | Driving.ca','','inherit','open','closed','','2016-detroit-auto-show-luxury-cars-driving-ca-2','','','2016-03-23 00:16:31','2016-03-23 04:16:31','',1115,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-detroit-auto-show-luxury-cars-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1117,0,'2016-03-23 00:16:31','2016-03-23 04:16:31','','2016 Detroit Auto Show | Luxury Cars | Driving.ca','','inherit','open','closed','','2016-detroit-auto-show-luxury-cars-driving-ca-3','','','2016-03-23 00:16:31','2016-03-23 04:16:31','',1115,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-detroit-auto-show-luxury-cars-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1118,0,'2016-03-23 00:16:32','2016-03-23 04:16:32','','2016 Detroit Auto Show | Luxury Cars | Driving.ca','','inherit','open','closed','','2016-detroit-auto-show-luxury-cars-driving-ca-4','','','2016-03-23 00:16:32','2016-03-23 04:16:32','',1115,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-detroit-auto-show-luxury-cars-driving-ca-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1119,0,'2016-03-23 00:16:32','2016-03-23 04:16:32','','2016 Detroit Auto Show | Luxury Cars | Driving.ca','','inherit','open','closed','','2016-detroit-auto-show-luxury-cars-driving-ca-5','','','2016-03-23 00:16:32','2016-03-23 04:16:32','',1115,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-detroit-auto-show-luxury-cars-driving-ca-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1120,1,'2015-11-25 01:30:02','2015-11-25 01:30:02','The Mercedes-Maybach S600  is out of reach for most at $204,000, but the satisfaction of knowing the competition goes for 100 grand more is worth a million bucks.','2016 Mercedes-Maybach S600','','publish','open','open','','2016-mercedes-maybach-s600','','','2015-11-25 01:30:02','2015-11-25 01:30:02','',0,'http://www.l2ocredit.com/2015/11/25/2016-mercedes-maybach-s600/',0,'post','',0),(1121,0,'2016-03-23 00:33:37','2016-03-23 04:33:37','','2016 Mercedes-Maybach S600','','inherit','open','closed','','2016-mercedes-maybach-s600-2','','','2016-03-23 00:33:37','2016-03-23 04:33:37','',1120,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-mercedes-maybach-s600-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1122,1,'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/2015/08/Investor1-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"3 ways the federal budget will affect investors\" />\n        <meta itemprop=\"description\" content=\"First up: They can expect to pay more tax\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T19:48:29+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=\"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=860d3259ad5e7a9e9b05779708d35cb6',0,'revision','',0),(1123,1,'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/2015/08/Investor1-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"3 ways the federal budget will affect investors\" />\n        <meta itemprop=\"description\" content=\"First up: They can expect to pay more tax\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T19:48:29+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=\"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=304ce7ee8da83a5844e472399e3187d3',0,'revision','',0),(1124,1,'2016-03-22 17:01:22','2016-03-22 21:01:22','<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/2015/08/Investor1-150x150.jpg\" />\n        <meta itemprop=\"name\" content=\"3 ways the federal budget will affect investors\" />\n        <meta itemprop=\"description\" content=\"First up: They can expect to pay more tax\" />\n        <meta itemprop=\"uploadDate\" content=\"2016-03-22T19:48:29+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=\"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, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn&#8217;t get much bigger than that $29.4 billion deficit), many families wonder just how this budget will affect them. Here are six key changes that will impact Canadian parents:</p>\n<h3><strong>No. 1: The introduction of the Canada Child Benefit </strong></h3>\n<p>Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”</p>\n<p>An example: Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child is under age six, or $3,916 if their child is aged six to 17. Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged six to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.</p>\n<p>The Liberal rationale, as outlined in Budget 2016 is that “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.&#8221;</p>\n<p>It adds: &#8220;It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”</p>\n<p>According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system. Some examples:</p>\n<blockquote><p><strong>Increased Benefits for a Family of Four With $90,000<br />\n</strong>Fictional couple Aveen and Sarita have two children aged eight and five. Aveen earned $30,000 in 2015, and Sarita earned $60,000. Together, they would have received a total of $3,145 under the current system (for the July 2016 to June 2017 benefit year). In comparison, the Canada Child Benefit program will deliver $5,650 in tax-free payments, a net after-tax increase of $2,505.</p>\n<p><strong>Increased Benefits for a Single Parent With One Child and $30,000<br />\n</strong>Samantha is a single parent with one child aged three. She earned $30,000 in 2015. Samantha would have received $4,852 under the current system (for the July 2016 to June 2017 benefit year). Instead, she will receive $6,400 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,548.</p>\n<p><strong>Increased Benefits for a Family of Four With $120,000<br />\n</strong>Ann and Derek have two children aged seven and four. Derek earned $84,000 and Ann earned $36,000 in 2015. Together, they would have received $1,901 under the current system (for the July 2016 to June 2017 benefit year). They will receive $3,940 in tax-free Canada Child Benefit payments, a net after-tax increase of $2,039.</p>\n<p><strong>Increased Benefits for a Family With One Child Eligible for the Child Disability Benefit<br />\n</strong>Marion and Jacques have one child, aged four, who is eligible for the Child Disability Benefit. Marion earned $40,000 and Jacques earned $20,000 in 2015. Marion and Jacques would have received $5,129 under the current system (for the July 2016 to June 2017 benefit year). Instead, they will receive $7,030 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,901.</p>\n<p>These additional child benefits include:</p>\n<ul>\n<li>An increase of $1,607 from the introduction of the Canada Child Benefit</li>\n<li>And an increase of $294 from the change to the Child Disability Benefit.</li>\n</ul>\n</blockquote>\n<p>Read: <a href=\"http://www.moneysense.ca/save/taxes/budget-winners-and-losers-child-benefit/\">The winners and losers of the Canada Child Benefit</a></p>\n<h3><strong>No. 2: A reduction in the middle-income tax bracket</strong></h3>\n<p>As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you&#8217;ll pay less tax.</p>\n<p>A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.</p>\n<p>According to Budget 2016, nearly nine million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.</p>\n<p>The Liberals also made good on their promise to introduce a new 33% tax bracket for people who earn more than $200,000 each year.</p>\n<p>Read: <a href=\"http://www.moneysense.ca/news/25-ways-the-federal-budget-impact-you/\">25 ways the federal budget will affect you</a></p>\n<h3><strong>No. 3: </strong><strong>An increase in child disability benefits</strong></h3>\n<p>“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.</p>\n<h3><strong>No. 4: </strong><strong>The elimination of income splitting for couples with kids</strong></h3>\n<p>Income splitting for couples with children under age 18 will be eliminated.</p>\n<p>While not referenced in the Budget document this is in direct reference to the prior Conservative government’s introduction of the Family Tax Credit, which allowed couples to income split and save up to $2,000 in taxes each year.</p>\n<h3><strong>No. 5: </strong><strong>No more fitness or arts tax credits for kids</strong></h3>\n<p>Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively). These will be eliminated. The justification for this is an attempt to simplify the tax code and better target support for families with children.</p>\n<p>But the elimination isn’t immediate nor retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.</p>\n<p>Read: <a href=\"http://www.moneysense.ca/save/debt/student-debt/how-the-federal-budget-affects-students/\">5 ways the budget affects students</a></p>\n<h3><strong>No. 6: </strong><strong>An investment in childcare</strong></h3>\n<p>The Liberals want to invest $500 million to establish a National Framework on Early Learning and Child Care, starting in 2017 ($100 million of this is earmarked for Indigenous child care and early learning on reserve). This will facilitate how provinces address childcare needs.</p>\n<p>&nbsp;</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','How the budget will affect families','<p>Six big changes parents should know about</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/news/how-the-federal-budget-will-affect-families/\">How the budget will affect families</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1004-revision-v1','','','2016-03-22 17:01:22','2016-03-22 21:01:22','',1004,'http://feedwordpress.radgeek.com/?rev=d4c60f52a347c1ebca459918d8a1405b',0,'revision','',0),(1125,1,'2016-02-04 13:00:01','2016-02-04 13:00:01','The 2016 Toyota Prius is the forth generation of this iconic car. The all-new Toyota Prius hybrid is longer, wider and lower built on an all-new global architecture. This provides a more sophisticated ride, better handling and improved fuel economy. The 2016 Toyota Prius is a mid-sized hatchback with room for 5-pasengers and loaded with all kinds of new tech including advanced safety features and in-car comfort features like wireless smartphone charging. Toyota hopes this new Prius will also appeal to non hybrid owners.\n\n\nCompetitors to the Toyota Prius are the Mazda 6, the VW Jetta, Honda Civic, Toyota Corolla, Ford Focus, Ford Fiesta, Kia Soul, Nissan Versa, Chevy Sonic, Chevrolet Sonic, Kia Rio, Honda Fit, Honda HR-V, Toyota Yaris, Chevy Spark, Chevrolet Spark, Chevy Cruze, Chevrolet Cruze, Kia Forte, VW Jetta, VW Golf, Volkswagen Jetta, Volkswagen Golf, Dodge Dart, Hyundai Accent, Hyundai Elantra, Nissan Sentra, Fiat 500, Fiat 500X, Mazda3, Mazda2, Mazda6, Scion iM and Mitsubishi Lancer, Acura TLX, Acura TL, Audi A4, Audi A3, Audi A6, BMW 3 Series, BMW 5 Series, BMW X1, BMW X3, BMW X5, Cadillac ATS, Cadillac CTS, Chevy Impala, Chevrolet Impala, Chevy Malibu, Chevrolet Malibu, Dodge Charger, Dodge Avenger, Ford Fusion, Ford Focus, ford Taurus, Honda Accord, Hyundai Sonata, Kia Optima, Kia Forte,  Mazda3, Mazda2, Nissan Altima, Nissan Sentra, Nissan Maxima, Subaru Legacy, Subaru Impreza, Toyota Camry, Toyota Avalon, Toyota Rav4, Volkswagen Passat, VW Passat, VW Golf\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 Prius Review','','publish','open','open','','2016-toyota-prius-review','','','2016-02-04 13:00:01','2016-02-04 13:00:01','',0,'http://www.l2ocredit.com/2016/02/04/2016-toyota-prius-review/',0,'post','',0),(1126,0,'2016-03-23 00:50:38','2016-03-23 04:50:38','','2016 Toyota Prius Review','','inherit','open','closed','','2016-toyota-prius-review-2','','','2016-03-23 00:50:38','2016-03-23 04:50:38','',1125,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-toyota-prius-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1127,1,'2016-02-23 22:28:13','2016-02-23 22:28:13','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 \nPowertrain Options: 1.5 L Gas Enginer with twin electric motors \nFuel\nENGINE TYPE Hybrid \nENGINE TYPE Electric fuel\nFUEL TANK CAPACITY 8.9 gal. \nRANGE IN MILES (CTY/HWY) N/A \nWeights and Capacities\nCURB WEIGHT 3543 lbs. \nCARGO CAPACITY, ALL SEATS IN PLACE 10.6 cu.ft. \nCompetitors: Toyota Prius Plug In, Honda Accord Plug In','2017 Chevrolet Volt LT Plug In Hybrid Review | Camerons Car Reviews','','publish','open','open','','2017-chevrolet-volt-lt-plug-in-hybrid-review-camerons-car-reviews','','','2016-02-23 22:28:13','2016-02-23 22:28:13','',0,'http://www.l2ocredit.com/2016/02/23/2017-chevrolet-volt-lt-plug-in-hybrid-review-camerons-car-reviews/',0,'post','',0),(1128,0,'2016-03-23 01:16:36','2016-03-23 05:16:36','','2017 Chevrolet Volt LT Plug In Hybrid Review | Camerons Car Reviews','','inherit','open','closed','','2017-chevrolet-volt-lt-plug-in-hybrid-review-camerons-car-reviews-2','','','2016-03-23 01:16:36','2016-03-23 05:16:36','',1127,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-chevrolet-volt-lt-plug-in-hybrid-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1129,0,'2016-03-23 01:16:36','2016-03-23 05:16:36','','2017 Chevrolet Volt LT Plug In Hybrid Review | Camerons Car Reviews','','inherit','open','closed','','2017-chevrolet-volt-lt-plug-in-hybrid-review-camerons-car-reviews-2','','','2016-03-23 01:16:36','2016-03-23 05:16:36','',1127,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-chevrolet-volt-lt-plug-in-hybrid-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1130,1,'2016-02-13 23:07:24','2016-02-13 23:07:24','KBB\'s coverage of the 2017 Ford Explorer XLT Sport Pack at the 2016 Chicago Auto Show. \n\nKelley Blue Book is your source for new car reviews, auto show coverage, features, comparison tests, and technology reviews. Subscribe to catch all the latest Kelley Blue Book videos. http://www.youtube.com/subscription_center?add_user=kbb','2017 Ford Explorer XLT Sport Pack - 2016 Chicago Auto Show','','publish','open','open','','2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show','','','2016-02-13 23:07:24','2016-02-13 23:07:24','',0,'http://www.l2ocredit.com/2016/02/13/2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show/',0,'post','',0),(1131,0,'2016-03-23 01:35:57','2016-03-23 05:35:57','','2017 Ford Explorer XLT Sport Pack &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-2','','','2016-03-23 01:35:57','2016-03-23 05:35:57','',1130,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1132,0,'2016-03-23 01:35:57','2016-03-23 05:35:57','','2017 Ford Explorer XLT Sport Pack &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-3','','','2016-03-23 01:35:57','2016-03-23 05:35:57','',1130,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1133,0,'2016-03-23 01:35:57','2016-03-23 05:35:57','','2017 Ford Explorer XLT Sport Pack &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-3','','','2016-03-23 01:35:57','2016-03-23 05:35:57','',1130,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1134,0,'2016-03-23 01:35:57','2016-03-23 05:35:57','','2017 Ford Explorer XLT Sport Pack &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-4','','','2016-03-23 01:35:57','2016-03-23 05:35:57','',1130,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1135,0,'2016-03-23 01:35:57','2016-03-23 05:35:57','','2017 Ford Explorer XLT Sport Pack &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-5','','','2016-03-23 01:35:57','2016-03-23 05:35:57','',1130,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-ford-explorer-xlt-sport-pack-2016-chicago-auto-show-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1136,1,'2016-02-06 14:00:01','2016-02-06 14:00:01','We’ve driven the 2016 Cadillac CT6 but now we go on a deep technical dive of the 34 speaker Bose Panaray audio system. We start with an actual count of what all those speakers are and then bring in the people behind the development of this system – Cadillac CT6 Executive Chief Engineer, Travis Hester, and VP of Bose Automotive and musician, Marc Mansell. Along with MotoMan, they take us behind the scenes of how the Bose Panaray system was developed . . .\n\nFor more information on the Cadillac CT6 - check out our FIRST DRIVE REVIEW: https://www.youtube.com/watch?v=tRFlNCT3ylc&amp;list=PLF6ek7dWy48rriuQI9OjyiLvXA1R2UPKf&amp;index=1\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_c...\n\niTunes/iOS: https://itunes.apple.com/us/app/motom...\nGoogle Play/Android: https://play.google.com/store/apps/de...\n\nCheck out our Cadillac Playlist:\nhttps://www.youtube.com/playlist?list...\n\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV','2016 Cadillac CT6 Bose Panaray 34 Speaker TECH REVIEW (3 of 3)','','publish','open','open','','2016-cadillac-ct6-bose-panaray-34-speaker-tech-review-3-of-3','','','2016-02-06 14:00:01','2016-02-06 14:00:01','',0,'http://www.l2ocredit.com/2016/02/06/2016-cadillac-ct6-bose-panaray-34-speaker-tech-review-3-of-3/',0,'post','',0),(1137,0,'2016-03-23 02:17:13','2016-03-23 06:17:13','','2016 Cadillac CT6 Bose Panaray 34 Speaker TECH REVIEW (3 of 3)','','inherit','open','closed','','2016-cadillac-ct6-bose-panaray-34-speaker-tech-review-3-of-3-2','','','2016-03-23 02:17:13','2016-03-23 06:17:13','',1136,'http://www.l2ocredit.com/2016/02/06/2016-cadillac-ct6-bose-panaray-34-speaker-tech-review-3-of-3/2016-cadillac-ct6-bose-panaray-34-speaker-tech-review-3-of-3-2/',0,'attachment','image/jpeg',0),(1138,1,'2016-02-05 05:36:07','2016-02-05 05:36:07','How does the hybrid system in the second gen Chevy Volt work? Here\'s how:\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','GM\'s Second Generation Voltec Drivetrain Explained (Voltec 2)','','publish','open','open','','gms-second-generation-voltec-drivetrain-explained-voltec-2','','','2016-02-05 05:36:07','2016-02-05 05:36:07','',0,'http://www.l2ocredit.com/2016/02/05/gms-second-generation-voltec-drivetrain-explained-voltec-2/',0,'post','',0),(1139,0,'2016-03-23 02:36:13','2016-03-23 06:36:13','','GM&#8217;s Second Generation Voltec Drivetrain Explained (Voltec 2)','','inherit','open','closed','','gms-second-generation-voltec-drivetrain-explained-voltec-2-2','','','2016-03-23 02:36:13','2016-03-23 06:36:13','',1138,'http://www.l2ocredit.com/wp-content/uploads/2016/03/gms-second-generation-voltec-drivetrain-explained-voltec-2-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1140,0,'2016-03-23 02:36:14','2016-03-23 06:36:14','','GM&#8217;s Second Generation Voltec Drivetrain Explained (Voltec 2)','','inherit','open','closed','','gms-second-generation-voltec-drivetrain-explained-voltec-2-3','','','2016-03-23 02:36:14','2016-03-23 06:36:14','',1138,'http://www.l2ocredit.com/wp-content/uploads/2016/03/gms-second-generation-voltec-drivetrain-explained-voltec-2-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1141,0,'2016-03-23 02:36:14','2016-03-23 06:36:14','','GM&#8217;s Second Generation Voltec Drivetrain Explained (Voltec 2)','','inherit','open','closed','','gms-second-generation-voltec-drivetrain-explained-voltec-2-4','','','2016-03-23 02:36:14','2016-03-23 06:36:14','',1138,'http://www.l2ocredit.com/wp-content/uploads/2016/03/gms-second-generation-voltec-drivetrain-explained-voltec-2-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1142,1,'2016-01-11 21:54:32','2016-01-11 21:54:32','The Detroit Auto Show might have been rocked with the debuts of the Ford GT and Acura NSX last year but this year has been all about family haulers. Full Article: http://wp.me/p3LQCT-ZfP\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','2016 Detroit Auto Show | Family haulers and CUV\'s | Driving.ca','','publish','open','open','','2016-detroit-auto-show-family-haulers-and-cuvs-driving-ca','','','2016-01-11 21:54:32','2016-01-11 21:54:32','',0,'http://www.l2ocredit.com/2016/01/11/2016-detroit-auto-show-family-haulers-and-cuvs-driving-ca/',0,'post','',0),(1143,0,'2016-03-23 02:54:08','2016-03-23 06:54:08','','2016 Detroit Auto Show | Family haulers and CUV&#8217;s | Driving.ca','','inherit','open','closed','','2016-detroit-auto-show-family-haulers-and-cuvs-driving-ca-2','','','2016-03-23 02:54:08','2016-03-23 06:54:08','',1142,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-detroit-auto-show-family-haulers-and-cuvs-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1144,0,'2016-03-23 02:54:08','2016-03-23 06:54:08','','2016 Detroit Auto Show | Family haulers and CUV&#8217;s | Driving.ca','','inherit','open','closed','','2016-detroit-auto-show-family-haulers-and-cuvs-driving-ca-2','','','2016-03-23 02:54:08','2016-03-23 06:54:08','',1142,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-detroit-auto-show-family-haulers-and-cuvs-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1145,0,'2016-03-23 02:54:09','2016-03-23 06:54:09','','2016 Detroit Auto Show | Family haulers and CUV&#8217;s | Driving.ca','','inherit','open','closed','','2016-detroit-auto-show-family-haulers-and-cuvs-driving-ca-3','','','2016-03-23 02:54:09','2016-03-23 06:54:09','',1142,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-detroit-auto-show-family-haulers-and-cuvs-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1146,1,'2015-11-18 05:51:14','2015-11-18 05:51:14','There’s a lot to like with Audi’s smallest crossover. Just understand the same kind of money buys a roomier vehicle with more technology.','2016 Audi Q3 Quattro Premium','','publish','open','open','','2016-audi-q3-quattro-premium','','','2015-11-18 05:51:14','2015-11-18 05:51:14','',0,'http://www.l2ocredit.com/2015/11/18/2016-audi-q3-quattro-premium/',0,'post','',0),(1147,0,'2016-03-23 03:28:17','2016-03-23 07:28:17','','2016 Audi Q3 Quattro Premium','','inherit','open','closed','','2016-audi-q3-quattro-premium-2','','','2016-03-23 03:28:17','2016-03-23 07:28:17','',1146,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-audi-q3-quattro-premium-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1148,0,'2016-03-23 03:28:18','2016-03-23 07:28:18','','2016 Audi Q3 Quattro Premium','','inherit','open','closed','','2016-audi-q3-quattro-premium-3','','','2016-03-23 03:28:18','2016-03-23 07:28:18','',1146,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-audi-q3-quattro-premium-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1149,1,'2016-01-26 13:00:02','2016-01-26 13:00:02','The Cadillac CT6 is an all-new entry for this iconic luxury brand. It is unique because it covers both mid-size luxury sedans and full-size cars. The CT6 is sold with three powerful engine, including an all-new 3.0L twin turbocharged engine, plus all-wheel steering and chassis control. The Cadillac CT6 has room for five-passnegrs and a lot of legroom in the back seat. The cabin is filled with new technology and massive screen for the driver and passengers. \n\n\nCompetitors to the Cadillac CT6 include the Jaguar XF, the Audi A7,  Tesla Model S, Mercedes E-Class, Mercedes S-Class, Mercedes GLE, Mercedes, Mercedes GL, Mercedes G, BMW 5 Series, BMW 7 Series, BMW 6 Series, BMW X5, BMW i8, BMW i3, Audi A6, Audi A7, Audi A8, Audi Q5, Audi Q6, Audi Q7, Audi E-tron, Audi electric SUV, Volvo XC60, Volvo XC90, Lexus LS450h, Lexus GS, Lexus LX, Infiniti Q70, Infiniti QX70, Acura RL, Acura RLX, Jaguar XF, Jaguar XJ, Jaguar F-Pace, Jaguar XE, Cadillac CTS, Cadillac ELR, cadillac CT6, Genesis, Aston Martin, Porsche Panamera, Lincoln MKS, Lincoln MKC, Lincoln MKZ, Land Rover Discovery Sport, Land Rover Discovery, Range Rover Sport, Range Rover, \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','Cadillac CT6 Q&amp;A (Video Blog #43)','','publish','open','open','','cadillac-ct6-qa-video-blog-43','','','2016-01-26 13:00:02','2016-01-26 13:00:02','',0,'http://www.l2ocredit.com/2016/01/26/cadillac-ct6-qa-video-blog-43/',0,'post','',0),(1150,0,'2016-03-23 03:58:06','2016-03-23 07:58:06','','Cadillac CT6 Q&amp;A (Video Blog #43)','','inherit','open','closed','','cadillac-ct6-qa-video-blog-43-2','','','2016-03-23 03:58:06','2016-03-23 07:58:06','',1149,'http://www.l2ocredit.com/wp-content/uploads/2016/03/cadillac-ct6-qa-video-blog-43-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1151,1,'2016-02-22 21:54:06','2016-02-22 21:54:06','Like Us on Facebook! https://www.facebook.com/pages/Camerons-Car-Reviews/349462695066112?ref=hl \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews','2005 Toyota 4Runner Sport Edition 4.0 L V6 Review | Camerons Car Reviews','','publish','open','open','','2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews','','','2016-02-22 21:54:06','2016-02-22 21:54:06','',0,'http://www.l2ocredit.com/2016/02/22/2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews/',0,'post','',0),(1152,0,'2016-03-23 04:19:10','2016-03-23 08:19:10','','2005 Toyota 4Runner Sport Edition 4.0 L V6 Review | Camerons Car Reviews','','inherit','open','closed','','2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-2','','','2016-03-23 04:19:10','2016-03-23 08:19:10','',1151,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1153,0,'2016-03-23 04:19:10','2016-03-23 08:19:10','','2005 Toyota 4Runner Sport Edition 4.0 L V6 Review | Camerons Car Reviews','','inherit','open','closed','','2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-2','','','2016-03-23 04:19:10','2016-03-23 08:19:10','',1151,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1154,0,'2016-03-23 04:19:10','2016-03-23 08:19:10','','2005 Toyota 4Runner Sport Edition 4.0 L V6 Review | Camerons Car Reviews','','inherit','open','closed','','2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-3','','','2016-03-23 04:19:10','2016-03-23 08:19:10','',1151,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1155,0,'2016-03-23 04:19:11','2016-03-23 08:19:11','','2005 Toyota 4Runner Sport Edition 4.0 L V6 Review | Camerons Car Reviews','','inherit','open','closed','','2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-4','','','2016-03-23 04:19:11','2016-03-23 08:19:11','',1151,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1156,0,'2016-03-23 04:19:11','2016-03-23 08:19:11','','2005 Toyota 4Runner Sport Edition 4.0 L V6 Review | Camerons Car Reviews','','inherit','open','closed','','2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-5','','','2016-03-23 04:19:11','2016-03-23 08:19:11','',1151,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2005-toyota-4runner-sport-edition-4-0-l-v6-review-camerons-car-reviews-youtube-thumbnail-4.jpg',0,'attachment','image/jpeg',0),(1157,1,'2016-02-13 23:03:52','2016-02-13 23:03:52','KBB\'s coverage of the 2017 Toyota Tacoma TRD Pro at the 2016 Chicago Auto Show. \n\nKelley Blue Book is your source for new car reviews, auto show coverage, features, comparison tests, and technology reviews. Subscribe to catch all the latest Kelley Blue Book videos. http://www.youtube.com/subscription_center?add_user=kbb','2017 Toyota Tacoma TRD Pro - 2016 Chicago Auto Show','','publish','open','open','','2017-toyota-tacoma-trd-pro-2016-chicago-auto-show','','','2016-02-13 23:03:52','2016-02-13 23:03:52','',0,'http://www.l2ocredit.com/2016/02/13/2017-toyota-tacoma-trd-pro-2016-chicago-auto-show/',0,'post','',0),(1158,0,'2016-03-23 05:17:28','2016-03-23 09:17:28','','2017 Toyota Tacoma TRD Pro &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-toyota-tacoma-trd-pro-2016-chicago-auto-show-2','','','2016-03-23 05:17:28','2016-03-23 09:17:28','',1157,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-toyota-tacoma-trd-pro-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1159,0,'2016-03-23 05:17:28','2016-03-23 09:17:28','','2017 Toyota Tacoma TRD Pro &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-toyota-tacoma-trd-pro-2016-chicago-auto-show-3','','','2016-03-23 05:17:28','2016-03-23 09:17:28','',1157,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-toyota-tacoma-trd-pro-2016-chicago-auto-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1160,0,'2016-03-23 05:17:29','2016-03-23 09:17:29','','2017 Toyota Tacoma TRD Pro &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-toyota-tacoma-trd-pro-2016-chicago-auto-show-4','','','2016-03-23 05:17:29','2016-03-23 09:17:29','',1157,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-toyota-tacoma-trd-pro-2016-chicago-auto-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1161,0,'2016-03-23 05:17:29','2016-03-23 09:17:29','','2017 Toyota Tacoma TRD Pro &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2017-toyota-tacoma-trd-pro-2016-chicago-auto-show-5','','','2016-03-23 05:17:29','2016-03-23 09:17:29','',1157,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-toyota-tacoma-trd-pro-2016-chicago-auto-show-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1162,1,'2016-02-04 17:00:04','2016-02-04 17:00:04','MotoMan drives the all new 2017 Hyundai Elantra which we learned in the TECH REVIEW has a lot of new safety tech and an Atkinson Cycle 4 cylinder engine – but most importantly, a completely revised rear suspension – the weak point of the previous generation Hyundai Elantra. Out in the back country roads of San Diego County, MotoMan pushes the C Segment Hyundai Elantra to determine if the changes in the rear suspension change the car . . . and along the way, he attempts his famous Apple CarPlay to Android Auto hot swap trick . . .\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\nDownload our MotoManTV App!\n\niTunes/iOS: https://itunes.apple.com/us/app/motomantv/id1049061634?mt=8\nGoogle Play/Android: https://play.google.com/store/apps/details?id=com.openpath.motoman&amp;hl=en\n\nCheck out our Hyundai Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48oQVaVl_pTsfkSvb3szUCNU\n\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV\n\nNEW MUSIC including Son of a Rocket and Raw by Kevin MacLeod/incompetech.com &amp; Jahzzar','2017 Hyundai Elantra FIRST DRIVE REVIEW (2 of 2)','','publish','open','open','','2017-hyundai-elantra-first-drive-review-2-of-2','','','2016-02-04 17:00:04','2016-02-04 17:00:04','',0,'http://www.l2ocredit.com/2016/02/04/2017-hyundai-elantra-first-drive-review-2-of-2/',0,'post','',0),(1163,0,'2016-03-23 05:51:06','2016-03-23 09:51:06','','2017 Hyundai Elantra FIRST DRIVE REVIEW (2 of 2)','','inherit','open','closed','','2017-hyundai-elantra-first-drive-review-2-of-2-2','','','2016-03-23 05:51:06','2016-03-23 09:51:06','',1162,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-hyundai-elantra-first-drive-review-2-of-2-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1164,0,'2016-03-23 05:51:07','2016-03-23 09:51:07','','2017 Hyundai Elantra FIRST DRIVE REVIEW (2 of 2)','','inherit','open','closed','','2017-hyundai-elantra-first-drive-review-2-of-2-3','','','2016-03-23 05:51:07','2016-03-23 09:51:07','',1162,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-hyundai-elantra-first-drive-review-2-of-2-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1165,0,'2016-03-23 05:51:07','2016-03-23 09:51:07','','2017 Hyundai Elantra FIRST DRIVE REVIEW (2 of 2)','','inherit','open','closed','','2017-hyundai-elantra-first-drive-review-2-of-2-4','','','2016-03-23 05:51:07','2016-03-23 09:51:07','',1162,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-hyundai-elantra-first-drive-review-2-of-2-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1166,1,'2016-01-30 03:21:32','2016-01-30 03:21:32','The 2016 X1 is better in almost every way vs the 2015 X1. Unfortunately it has lost the driving dynamics that made the X1 one of the most fun crossovers period. It\'s a shame but it\'s \"progress\".\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 BMW X1 Review and Road Test - DETAILED in 4K UHD','','publish','open','open','','2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd','','','2016-01-30 03:21:32','2016-01-30 03:21:32','',0,'http://www.l2ocredit.com/2016/01/30/2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd/',0,'post','',0),(1167,0,'2016-03-23 06:11:55','2016-03-23 10:11:55','','2016 BMW X1 Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-2','','','2016-03-23 06:11:55','2016-03-23 10:11:55','',1166,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1168,0,'2016-03-23 06:11:55','2016-03-23 10:11:55','','2016 BMW X1 Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-3','','','2016-03-23 06:11:55','2016-03-23 10:11:55','',1166,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1169,0,'2016-03-23 06:11:56','2016-03-23 10:11:56','','2016 BMW X1 Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-4','','','2016-03-23 06:11:56','2016-03-23 10:11:56','',1166,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1170,0,'2016-03-23 06:11:56','2016-03-23 10:11:56','','2016 BMW X1 Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-4','','','2016-03-23 06:11:56','2016-03-23 10:11:56','',1166,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1171,0,'2016-03-23 06:11:56','2016-03-23 10:11:56','','2016 BMW X1 Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-5','','','2016-03-23 06:11:56','2016-03-23 10:11:56','',1166,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1172,0,'2016-03-23 06:11:56','2016-03-23 10:11:56','','2016 BMW X1 Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-6','','','2016-03-23 06:11:56','2016-03-23 10:11:56','',1166,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-4.jpg',0,'attachment','image/jpeg',0),(1173,0,'2016-03-23 06:11:56','2016-03-23 10:11:56','','2016 BMW X1 Review and Road Test &#8211; DETAILED in 4K UHD','','inherit','open','closed','','2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-7','','','2016-03-23 06:11:56','2016-03-23 10:11:56','',1166,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-review-and-road-test-detailed-in-4k-uhd-youtube-thumbnail-5.jpg',0,'attachment','image/jpeg',0),(1174,1,'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<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 ‘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>Families will be happy with the introduction of the <strong>Canada Child Benefit</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>See scenarios attached.  The clawback zones are what we need to watch:</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>$50,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$60,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$70,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$80,000</td>\n<td>31.48%</td>\n<td>72.48%</td>\n</tr>\n<tr>\n<td>$90,000</td>\n<td>37.91%</td>\n<td>58.41%</td>\n</tr>\n<tr>\n<td>$100,000</td>\n<td>43.41%</td>\n<td>63.91%</td>\n</tr>\n<tr>\n<td>$110,000</td>\n<td>43.41%</td>\n<td>63.91%</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>$210,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000+</td>\n<td>53.53%</td>\n<td>53.53%</td>\n</tr>\n</tbody>\n</table>\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, as you will see later.</p>\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 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 Universal Child Care Benefit 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<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 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>Scenario: Ontario family has three children under 6 and family net income of $30,000</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 3 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 Universal Child Care Benefits 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 Universal Child Care Benefits 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 Benefits</h3>\n<p>The following table shows the income level at which the Child Tax Benefit 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 Universal Child Care Benefit (UCCB) in favour of the Canada Child Benefit 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>&nbsp;</p>\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/\">Federal budget winners and losers: Canada Child Benefit</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Federal budget winners and losers: 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/\">Federal budget winners and losers: 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=79c7a0776c34ab2a978c478ef8e1709a',0,'revision','',0),(1175,1,'2016-01-07 21:00:07','2016-01-07 21:00:07','Is CES an auto show? It\'s quickly becoming one! Check out the newest and most exciting cars of the show. Full article: http://wp.me/p3LQCT-ZcA\n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','Auto Show | 2016 Consumer Electronics Show','','publish','open','open','','auto-show-2016-consumer-electronics-show','','','2016-01-07 21:00:07','2016-01-07 21:00:07','',0,'http://www.l2ocredit.com/2016/01/07/auto-show-2016-consumer-electronics-show/',0,'post','',0),(1176,0,'2016-03-23 06:35:44','2016-03-23 10:35:44','','Auto Show | 2016 Consumer Electronics Show','','inherit','open','closed','','auto-show-2016-consumer-electronics-show-2','','','2016-03-23 06:35:44','2016-03-23 10:35:44','',1175,'http://www.l2ocredit.com/wp-content/uploads/2016/03/auto-show-2016-consumer-electronics-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1177,0,'2016-03-23 06:35:44','2016-03-23 10:35:44','','Auto Show | 2016 Consumer Electronics Show','','inherit','open','closed','','auto-show-2016-consumer-electronics-show-2','','','2016-03-23 06:35:44','2016-03-23 10:35:44','',1175,'http://www.l2ocredit.com/wp-content/uploads/2016/03/auto-show-2016-consumer-electronics-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1178,0,'2016-03-23 06:35:44','2016-03-23 10:35:44','','Auto Show | 2016 Consumer Electronics Show','','inherit','open','closed','','auto-show-2016-consumer-electronics-show-3','','','2016-03-23 06:35:44','2016-03-23 10:35:44','',1175,'http://www.l2ocredit.com/wp-content/uploads/2016/03/auto-show-2016-consumer-electronics-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1179,0,'2016-03-23 06:35:44','2016-03-23 10:35:44','','Auto Show | 2016 Consumer Electronics Show','','inherit','open','closed','','auto-show-2016-consumer-electronics-show-3','','','2016-03-23 06:35:44','2016-03-23 10:35:44','',1175,'http://www.l2ocredit.com/wp-content/uploads/2016/03/auto-show-2016-consumer-electronics-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1180,0,'2016-03-23 06:35:44','2016-03-23 10:35:44','','Auto Show | 2016 Consumer Electronics Show','','inherit','open','closed','','auto-show-2016-consumer-electronics-show-4','','','2016-03-23 06:35:44','2016-03-23 10:35:44','',1175,'http://www.l2ocredit.com/wp-content/uploads/2016/03/auto-show-2016-consumer-electronics-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1181,1,'2015-11-10 17:01:37','2015-11-10 17:01:37','Much like it’s namesake, the Ghost is a car you may never see. It is as luxurious and substantial as it is allusive.','2015 Rolls-Royce Ghost Series II','','publish','open','open','','2015-rolls-royce-ghost-series-ii','','','2015-11-10 17:01:37','2015-11-10 17:01:37','',0,'http://www.l2ocredit.com/2015/11/10/2015-rolls-royce-ghost-series-ii/',0,'post','',0),(1182,0,'2016-03-23 06:56:04','2016-03-23 10:56:04','','2015 Rolls-Royce Ghost Series II','','inherit','open','closed','','2015-rolls-royce-ghost-series-ii-2','','','2016-03-23 06:56:04','2016-03-23 10:56:04','',1181,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-rolls-royce-ghost-series-ii-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1183,0,'2016-03-23 06:56:04','2016-03-23 10:56:04','','2015 Rolls-Royce Ghost Series II','','inherit','open','closed','','2015-rolls-royce-ghost-series-ii-2','','','2016-03-23 06:56:04','2016-03-23 10:56:04','',1181,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-rolls-royce-ghost-series-ii-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1184,1,'2016-01-26 13:00:01','2016-01-26 13:00:01','The Cadillac CT6 is an all-new entry for this iconic luxury brand. It is unique because it covers both mid-size luxury sedans and full-size cars. The CT6 is sold with three powerful engine, including an all-new 3.0L twin turbocharged engine, plus all-wheel steering and chassis control. The Cadillac CT6 has room for five-passnegrs and a lot of legroom in the back seat. The cabin is filled with new technology and massive screen fro the driver and passengers. \n\n\nCompetitors to the Cadillac CT6 include the Jaguar XF, the Audi A7,  Tesla Model S, Mercedes E-Class, Mercedes S-Class, Mercedes GLE, Mercedes, Mercedes GL, Mercedes G, BMW 5 Series, BMW 7 Series, BMW 6 Series, BMW X5, BMW i8, BMW i3, Audi A6, Audi A7, Audi A8, Audi Q5, Audi Q6, Audi Q7, Audi E-tron, Audi electric SUV, Volvo XC60, Volvo XC90, Lexus LS450h, Lexus GS, Lexus LX, Infiniti Q70, Infiniti QX70, Acura RL, Acura RLX, Jaguar XF, Jaguar XJ, Jaguar F-Pace, Jaguar XE, Cadillac CTS, Cadillac ELR, cadillac CT6, Genesis, Aston Martin, Porsche Panamera, Lincoln MKS, Lincoln MKC, Lincoln MKZ, Land Rover Discovery Sport, Land Rover Discovery, Range Rover Sport, Range Rover, \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 Cadillac CT6 Review. The Big Cadillac is back!','','publish','open','open','','2016-cadillac-ct6-review-the-big-cadillac-is-back','','','2016-01-26 13:00:01','2016-01-26 13:00:01','',0,'http://www.l2ocredit.com/2016/01/26/2016-cadillac-ct6-review-the-big-cadillac-is-back/',0,'post','',0),(1185,0,'2016-03-23 07:17:03','2016-03-23 11:17:03','','2016 Cadillac CT6 Review. The Big Cadillac is back!','','inherit','open','closed','','2016-cadillac-ct6-review-the-big-cadillac-is-back-2','','','2016-03-23 07:17:03','2016-03-23 11:17:03','',1184,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-cadillac-ct6-review-the-big-cadillac-is-back-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1186,0,'2016-03-23 07:17:03','2016-03-23 11:17:03','','2016 Cadillac CT6 Review. The Big Cadillac is back!','','inherit','open','closed','','2016-cadillac-ct6-review-the-big-cadillac-is-back-2','','','2016-03-23 07:17:03','2016-03-23 11:17:03','',1184,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-cadillac-ct6-review-the-big-cadillac-is-back-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1187,1,'2016-02-19 21:59:05','2016-02-19 21:59:05','Like Us on Facebook! https://www.facebook.com/pages/Camerons-Car-Reviews/349462695066112?ref=hl \nFollow Us on Instagram: cameronscarreviews \nSnapchat: camscarreviews','My New 2015 Jeep Grand Cherokee!','','publish','open','open','','my-new-2015-jeep-grand-cherokee','','','2016-02-19 21:59:05','2016-02-19 21:59:05','',0,'http://www.l2ocredit.com/2016/02/19/my-new-2015-jeep-grand-cherokee/',0,'post','',0),(1188,0,'2016-03-23 07:39:11','2016-03-23 11:39:11','','My New 2015 Jeep Grand Cherokee!','','inherit','open','closed','','my-new-2015-jeep-grand-cherokee-2','','','2016-03-23 07:39:11','2016-03-23 11:39:11','',1187,'http://www.l2ocredit.com/wp-content/uploads/2016/03/my-new-2015-jeep-grand-cherokee-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1189,0,'2016-03-23 07:39:11','2016-03-23 11:39:11','','My New 2015 Jeep Grand Cherokee!','','inherit','open','closed','','my-new-2015-jeep-grand-cherokee-3','','','2016-03-23 07:39:11','2016-03-23 11:39:11','',1187,'http://www.l2ocredit.com/wp-content/uploads/2016/03/my-new-2015-jeep-grand-cherokee-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1190,0,'2016-03-23 07:39:11','2016-03-23 11:39:11','','My New 2015 Jeep Grand Cherokee!','','inherit','open','closed','','my-new-2015-jeep-grand-cherokee-3','','','2016-03-23 07:39:11','2016-03-23 11:39:11','',1187,'http://www.l2ocredit.com/wp-content/uploads/2016/03/my-new-2015-jeep-grand-cherokee-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1191,0,'2016-03-23 07:39:11','2016-03-23 11:39:11','','My New 2015 Jeep Grand Cherokee!','','inherit','open','closed','','my-new-2015-jeep-grand-cherokee-3','','','2016-03-23 07:39:11','2016-03-23 11:39:11','',1187,'http://www.l2ocredit.com/wp-content/uploads/2016/03/my-new-2015-jeep-grand-cherokee-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1192,0,'2016-03-23 07:39:11','2016-03-23 11:39:11','','My New 2015 Jeep Grand Cherokee!','','inherit','open','closed','','my-new-2015-jeep-grand-cherokee-4','','','2016-03-23 07:39:11','2016-03-23 11:39:11','',1187,'http://www.l2ocredit.com/wp-content/uploads/2016/03/my-new-2015-jeep-grand-cherokee-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1193,0,'2016-03-23 07:39:11','2016-03-23 11:39:11','','My New 2015 Jeep Grand Cherokee!','','inherit','open','closed','','my-new-2015-jeep-grand-cherokee-5','','','2016-03-23 07:39:11','2016-03-23 11:39:11','',1187,'http://www.l2ocredit.com/wp-content/uploads/2016/03/my-new-2015-jeep-grand-cherokee-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1194,1,'2016-02-13 22:35:33','2016-02-13 22:35:33','KBB\'s coverage of the 2016 Subaru Crosstrek Special Edition at the 2016 Chicago Auto Show. \n\nKelley Blue Book is your source for new car reviews, auto show coverage, features, comparison tests, and technology reviews. Subscribe to catch all the latest Kelley Blue Book videos. http://www.youtube.com/subscription_center?add_user=kbb','2016 Subaru Crosstrek Special Edition - 2016 Chicago Auto Show','','publish','open','open','','2016-subaru-crosstrek-special-edition-2016-chicago-auto-show','','','2016-02-13 22:35:33','2016-02-13 22:35:33','',0,'http://www.l2ocredit.com/2016/02/13/2016-subaru-crosstrek-special-edition-2016-chicago-auto-show/',0,'post','',0),(1195,0,'2016-03-23 07:55:49','2016-03-23 11:55:49','','2016 Subaru Crosstrek Special Edition &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2016-subaru-crosstrek-special-edition-2016-chicago-auto-show-2','','','2016-03-23 07:55:49','2016-03-23 11:55:49','',1194,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-subaru-crosstrek-special-edition-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1196,0,'2016-03-23 07:55:49','2016-03-23 11:55:49','','2016 Subaru Crosstrek Special Edition &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2016-subaru-crosstrek-special-edition-2016-chicago-auto-show-2','','','2016-03-23 07:55:49','2016-03-23 11:55:49','',1194,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-subaru-crosstrek-special-edition-2016-chicago-auto-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1197,0,'2016-03-23 07:55:49','2016-03-23 11:55:49','','2016 Subaru Crosstrek Special Edition &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2016-subaru-crosstrek-special-edition-2016-chicago-auto-show-3','','','2016-03-23 07:55:49','2016-03-23 11:55:49','',1194,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-subaru-crosstrek-special-edition-2016-chicago-auto-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1198,0,'2016-03-23 07:55:50','2016-03-23 11:55:50','','2016 Subaru Crosstrek Special Edition &#8211; 2016 Chicago Auto Show','','inherit','open','closed','','2016-subaru-crosstrek-special-edition-2016-chicago-auto-show-4','','','2016-03-23 07:55:50','2016-03-23 11:55:50','',1194,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-subaru-crosstrek-special-edition-2016-chicago-auto-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1199,1,'2016-03-02 08:06:30','2016-03-02 08:06:30','The 2017 Ferrari GTC4Lusso made its public debut at the Geneva Motor Show as the replacement for the FF.\n\nFull story: http://www.autoguide.com/auto-news/2016/02/ferrari-gtc4lusso-debuts-with-least-romantic-name-ever.html\n\nSubscribe\nhttp://www.youtube.com/subscription_center?add_user=AutoGuideVideo\n\nYouTube - http://www.youtube.com/user/AutoguideVideo\nFacebook - http://facebook.com/AutoGuide\nTwitter - http://twitter.com/AutoGuide\nGoogle+ - http://goo.gl/LBxsP\nWeb - http://www.AutoGuide.com\n\nAutoGuide reviews the latest new cars with test drives, car comparisons and shootouts plus coverage of breaking auto industry news, auto shows, rumors and spy photos. Help shop for your new car with informative car buying tips and car recall news, and be entertained with feature stories, Top 10s and car review videos.','2017 Ferrari GTC4Lusso First Look - 2016 Geneva Motor Show','','publish','open','open','','2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show','','','2016-03-02 08:06:30','2016-03-02 08:06:30','',0,'http://www.l2ocredit.com/2016/03/02/2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show/',0,'post','',0),(1200,0,'2016-03-23 08:12:21','2016-03-23 12:12:21','','2017 Ferrari GTC4Lusso First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show-2','','','2016-03-23 08:12:21','2016-03-23 12:12:21','',1199,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1201,0,'2016-03-23 08:12:21','2016-03-23 12:12:21','','2017 Ferrari GTC4Lusso First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show-3','','','2016-03-23 08:12:21','2016-03-23 12:12:21','',1199,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1202,0,'2016-03-23 08:12:22','2016-03-23 12:12:22','','2017 Ferrari GTC4Lusso First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show-4','','','2016-03-23 08:12:22','2016-03-23 12:12:22','',1199,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1203,0,'2016-03-23 08:12:22','2016-03-23 12:12:22','','2017 Ferrari GTC4Lusso First Look &#8211; 2016 Geneva Motor Show','','inherit','open','closed','','2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show-5','','','2016-03-23 08:12:22','2016-03-23 12:12:22','',1199,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2017-ferrari-gtc4lusso-first-look-2016-geneva-motor-show-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1204,1,'2016-02-02 14:00:00','2016-02-02 14:00:00','MotoMan drives the 2016 Buick Cascada – an Opel by a different name and 600 new parts – from Key West, Florida to Miami Beach, Florida. In the process he  demonstrates turbo overboost, sightseeing beyond Cayo Hueso in the Florida Keys, benefits of developing a Convertible in a cold weather climate and even finds a very appropriate surprise along the way . . .\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\nDownload our MotoManTV App!\n\niTunes/iOS: https://itunes.apple.com/us/app/motomantv/id1049061634?mt=8\nGoogle Play/Android: https://play.google.com/store/apps/details?id=com.openpath.motoman&amp;hl=en\n\nCheck out our Buick Playlist:\nhttps://www.youtube.com/playlist?list=PLF6ek7dWy48oN4PH0Uklm9nekCbsw_qmz\nFacebook - http://www.facebook.com/MotoManTV\nTwitter - http://twitter.com/MotoManTV\nInstagram – http://instagram.com/motomantv\n\nWebsite - http://www.MotoMan.TV\n\nNEW MUSIC including Son of a Rocket and Raw by Kevin MacLeod/incompetech.com &amp; Jahzzar','2016 Buick Cascada TURBO Convertible FIRST DRIVE REVIEW (2 of 2)','','publish','open','open','','2016-buick-cascada-turbo-convertible-first-drive-review-2-of-2','','','2016-02-02 14:00:00','2016-02-02 14:00:00','',0,'http://www.l2ocredit.com/2016/02/02/2016-buick-cascada-turbo-convertible-first-drive-review-2-of-2/',0,'post','',0),(1205,0,'2016-03-23 08:43:32','2016-03-23 12:43:32','','2016 Buick Cascada TURBO Convertible FIRST DRIVE REVIEW (2 of 2)','','inherit','open','closed','','2016-buick-cascada-turbo-convertible-first-drive-review-2-of-2-2','','','2016-03-23 08:43:32','2016-03-23 12:43:32','',1204,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-buick-cascada-turbo-convertible-first-drive-review-2-of-2-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1206,0,'2016-03-23 08:43:32','2016-03-23 12:43:32','','2016 Buick Cascada TURBO Convertible FIRST DRIVE REVIEW (2 of 2)','','inherit','open','closed','','2016-buick-cascada-turbo-convertible-first-drive-review-2-of-2-2','','','2016-03-23 08:43:32','2016-03-23 12:43:32','',1204,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-buick-cascada-turbo-convertible-first-drive-review-2-of-2-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1207,0,'2016-03-23 08:43:33','2016-03-23 12:43:33','','2016 Buick Cascada TURBO Convertible FIRST DRIVE REVIEW (2 of 2)','','inherit','open','closed','','2016-buick-cascada-turbo-convertible-first-drive-review-2-of-2-3','','','2016-03-23 08:43:33','2016-03-23 12:43:33','',1204,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-buick-cascada-turbo-convertible-first-drive-review-2-of-2-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1208,1,'2016-01-29 19:07:13','2016-01-29 19:07:13','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 BMW X1 Child Seat Review','','publish','open','open','','2016-bmw-x1-child-seat-review','','','2016-01-29 19:07:13','2016-01-29 19:07:13','',0,'http://www.l2ocredit.com/2016/01/29/2016-bmw-x1-child-seat-review/',0,'post','',0),(1209,0,'2016-03-23 08:58:57','2016-03-23 12:58:57','','2016 BMW X1 Child Seat Review','','inherit','open','closed','','2016-bmw-x1-child-seat-review-2','','','2016-03-23 08:58:57','2016-03-23 12:58:57','',1208,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-child-seat-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1210,0,'2016-03-23 08:58:57','2016-03-23 12:58:57','','2016 BMW X1 Child Seat Review','','inherit','open','closed','','2016-bmw-x1-child-seat-review-2','','','2016-03-23 08:58:57','2016-03-23 12:58:57','',1208,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-child-seat-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1211,0,'2016-03-23 08:58:57','2016-03-23 12:58:57','','2016 BMW X1 Child Seat Review','','inherit','open','closed','','2016-bmw-x1-child-seat-review-2','','','2016-03-23 08:58:57','2016-03-23 12:58:57','',1208,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-child-seat-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1212,0,'2016-03-23 08:58:57','2016-03-23 12:58:57','','2016 BMW X1 Child Seat Review','','inherit','open','closed','','2016-bmw-x1-child-seat-review-2','','','2016-03-23 08:58:57','2016-03-23 12:58:57','',1208,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-child-seat-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1213,0,'2016-03-23 08:58:57','2016-03-23 12:58:57','','2016 BMW X1 Child Seat Review','','inherit','open','closed','','2016-bmw-x1-child-seat-review-2','','','2016-03-23 08:58:57','2016-03-23 12:58:57','',1208,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-child-seat-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1214,0,'2016-03-23 08:58:57','2016-03-23 12:58:57','','2016 BMW X1 Child Seat Review','','inherit','open','closed','','2016-bmw-x1-child-seat-review-3','','','2016-03-23 08:58:57','2016-03-23 12:58:57','',1208,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-child-seat-review-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1215,0,'2016-03-23 08:58:57','2016-03-23 12:58:57','','2016 BMW X1 Child Seat Review','','inherit','open','closed','','2016-bmw-x1-child-seat-review-3','','','2016-03-23 08:58:57','2016-03-23 12:58:57','',1208,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-child-seat-review-youtube-thumbnail-2.jpg',0,'attachment','image/jpeg',0),(1216,0,'2016-03-23 08:58:59','2016-03-23 12:58:59','','2016 BMW X1 Child Seat Review','','inherit','open','closed','','2016-bmw-x1-child-seat-review-4','','','2016-03-23 08:58:59','2016-03-23 12:58:59','',1208,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-child-seat-review-youtube-thumbnail-3.jpg',0,'attachment','image/jpeg',0),(1217,0,'2016-03-23 08:59:00','2016-03-23 12:59:00','','2016 BMW X1 Child Seat Review','','inherit','open','closed','','2016-bmw-x1-child-seat-review-5','','','2016-03-23 08:59:00','2016-03-23 12:59:00','',1208,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-bmw-x1-child-seat-review-youtube-thumbnail-4.jpg',0,'attachment','image/jpeg',0),(1218,1,'2015-12-23 15:00:01','2015-12-23 15:00:01','BMW\'s flagship luxury car is absolutely packed with futuristic technology. Full Article:  \n\nFollow Driving!\nTwitter: https://twitter.com/drivingdotca\nInstagram: http://instagram.com/drivingca\nFacebook: https://www.facebook.com/drivingdotca','Car Review | 2016 BMW 750Li xDrive | Driving.ca','','publish','open','open','','car-review-2016-bmw-750li-xdrive-driving-ca','','','2015-12-23 15:00:01','2015-12-23 15:00:01','',0,'http://www.l2ocredit.com/2015/12/23/car-review-2016-bmw-750li-xdrive-driving-ca/',0,'post','',0),(1219,0,'2016-03-23 09:25:09','2016-03-23 13:25:09','','Car Review | 2016 BMW 750Li xDrive | Driving.ca','','inherit','open','closed','','car-review-2016-bmw-750li-xdrive-driving-ca-2','','','2016-03-23 09:25:09','2016-03-23 13:25:09','',1218,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-bmw-750li-xdrive-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1220,0,'2016-03-23 09:25:09','2016-03-23 13:25:09','','Car Review | 2016 BMW 750Li xDrive | Driving.ca','','inherit','open','closed','','car-review-2016-bmw-750li-xdrive-driving-ca-2','','','2016-03-23 09:25:09','2016-03-23 13:25:09','',1218,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-bmw-750li-xdrive-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1221,0,'2016-03-23 09:25:09','2016-03-23 13:25:09','','Car Review | 2016 BMW 750Li xDrive | Driving.ca','','inherit','open','closed','','car-review-2016-bmw-750li-xdrive-driving-ca-2','','','2016-03-23 09:25:09','2016-03-23 13:25:09','',1218,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-bmw-750li-xdrive-driving-ca-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1222,0,'2016-03-23 09:25:09','2016-03-23 13:25:09','','Car Review | 2016 BMW 750Li xDrive | Driving.ca','','inherit','open','closed','','car-review-2016-bmw-750li-xdrive-driving-ca-3','','','2016-03-23 09:25:09','2016-03-23 13:25:09','',1218,'http://www.l2ocredit.com/wp-content/uploads/2016/03/car-review-2016-bmw-750li-xdrive-driving-ca-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1223,1,'2015-11-04 04:54:15','2015-11-04 04:54:15','With diesel’s future cloudy in the U.S. hybrid technology looks to be the go-to technology for families going green. If only it were less expensive.','2015 Toyota Highlander Hybrid Limited','','publish','open','open','','2015-toyota-highlander-hybrid-limited','','','2015-11-04 04:54:15','2015-11-04 04:54:15','',0,'http://www.l2ocredit.com/2015/11/04/2015-toyota-highlander-hybrid-limited/',0,'post','',0),(1224,0,'2016-03-23 09:51:44','2016-03-23 13:51:44','','2015 Toyota Highlander Hybrid Limited','','inherit','open','closed','','2015-toyota-highlander-hybrid-limited-2','','','2016-03-23 09:51:44','2016-03-23 13:51:44','',1223,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2015-toyota-highlander-hybrid-limited-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1225,1,'2016-01-24 14:00:03','2016-01-24 14:00:03','The Lexus RC-F is the top sports car from Lexus. It is a nice combination of Lexus refinement and true sports car power. With 467hp, this two-door coupe with a 5.0L V8 engine has plenty of power but wrapped in refinement. The Lexus RC-F is the rear deal, the RC F-Sport isn\'t the same product, that car has more show than go. \n\nJaguar introduces the new 2016 F-Type R, now with AWD and 550hp. This supercharged GT car can now be driven in a Canadian winter! This car has the latest Jaguar entertainment unit. With a V8 engine and a solid platform, this is a wonderful convertible roadster that you can drive all year around thanks to all wheel drive.\n\nCompetitors to the Lexus RC-F are the Jaguar F-Type, the Porsche Boxster, Boxster S, Porsche Cayman, Cayman S, Porsche 911, 911 cabriolet, Audi TT, Alfa Romeo 4C, Audi A5, BMW Z4, BMW 4 Series, BMW 6 Series, BMW @ Series, Chevrolet Corvette, Chevy Corvette, Corvette Z06, Ford Mustang GT, Lamborghini Huracan, Lexus, Mazda MX-5 Miata, Mclaren 650s, Mercedes CLK, Mercedes SL550, Mercedes E-Class\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 Lexus RC F Review','','publish','open','open','','2016-lexus-rc-f-review','','','2016-01-24 14:00:03','2016-01-24 14:00:03','',0,'http://www.l2ocredit.com/2016/01/24/2016-lexus-rc-f-review/',0,'post','',0),(1226,0,'2016-03-23 10:14:42','2016-03-23 14:14:42','','2016 Lexus RC F Review','','inherit','open','closed','','2016-lexus-rc-f-review-2','','','2016-03-23 10:14:42','2016-03-23 14:14:42','',1225,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-lexus-rc-f-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1227,0,'2016-03-23 10:14:42','2016-03-23 14:14:42','','2016 Lexus RC F Review','','inherit','open','closed','','2016-lexus-rc-f-review-2','','','2016-03-23 10:14:42','2016-03-23 14:14:42','',1225,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-lexus-rc-f-review-youtube-thumbnail.jpg',0,'attachment','image/jpeg',0),(1228,0,'2016-03-23 10:14:43','2016-03-23 14:14:43','','2016 Lexus RC F Review','','inherit','open','closed','','2016-lexus-rc-f-review-3','','','2016-03-23 10:14:43','2016-03-23 14:14:43','',1225,'http://www.l2ocredit.com/wp-content/uploads/2016/03/2016-lexus-rc-f-review-youtube-thumbnail-1.jpg',0,'attachment','image/jpeg',0),(1229,1,'2016-03-23 10:30:41','2016-03-23 14:30:41','<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>It’s reasonably common knowledge that higher wealth accumulators in Canada will want to do some extra planning to avoid the 33% high income tax rate in the terminal return of the last surviving spouse.  This is generally accomplished by averaging in their taxable pension amounts throughout retirement, if possible.</p>\n<p>However, a sharp eye on marginal tax rates is important in this activity, because clawbacks of the Age Amount and Old Age Security can make income averaging opportunities challenging.</p>\n<p>In fact, when you ask the question, who pays the highest marginal tax rates in Canada, you might be surprised to know it’s not always those whose income exceeds $200,000.  The answer depends on the type of income sources and also depends on whether the taxpayer is subject to a clawback of social benefits and credits.</p>\n<p>Let’s see how clawbacks affect seniors and investors in 2016 under various scenarios.</p>\n<p>In the first, seniors are subject to clawbacks of the age amount, the GST/HST Credit and the Old Age Security at various income levels.  (We have looked at incomes over $30,000 which ignores those who  qualify for the Guaranteed Income  Supplement  (GIS), which is clawed back at rates of 50% as income rises)</p>\n<p><strong> Scenario: Ontario senior couple, one with eligible pension income spouse has no income</strong></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>$50,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$60,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$70,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$80,000</td>\n<td>31.48%</td>\n<td>72.48%</td>\n</tr>\n<tr>\n<td>$90,000</td>\n<td>37.91%</td>\n<td>58.41%</td>\n</tr>\n<tr>\n<td>$100,000</td>\n<td>43.41%</td>\n<td>63.91%</td>\n</tr>\n<tr>\n<td>$110,000</td>\n<td>43.41%</td>\n<td>63.91%</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>$210,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000+</td>\n<td>53.53%</td>\n<td>53.53%</td>\n</tr>\n</tbody>\n</table>\n<p>Clawbacks of social benefits and credits occur as income rise. A typical relief is to reduce net income with an RRSP contribution, if the taxpayer is age eligible and if there is contribution room.</p>\n<p>That’s important. Given the prohibitive marginal tax rates, RRSP contribution opportunities form part of the overall retirement income planning pre-retirees do. So do subsequent re-investments of after-tax remainders into Tax Free Savings Accounts.</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/federal-budget-winners-and-losers-watch-out-for-clawbacks/\">Budget winners and losers: Watch out for clawbacks</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Budget winners and losers: Watch out for clawbacks','<p>Our tax expert lays out the numbers </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/federal-budget-winners-and-losers-watch-out-for-clawbacks/\">Budget winners and losers: Watch out for clawbacks</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1016-revision-v1','','','2016-03-23 10:30:41','2016-03-23 14:30:41','',1016,'http://feedwordpress.radgeek.com/?rev=ae0d4b4d8ab62ff14bc6bcd638dcd53b',0,'revision','',0),(1230,1,'2016-03-23 10:30:41','2016-03-23 14:30:41','<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>It’s reasonably common knowledge that higher wealth accumulators in Canada will want to do some extra planning to avoid the 33% high income tax rate in the terminal return of the last surviving spouse.  This is generally accomplished by averaging in their taxable pension amounts throughout retirement, if possible.</p>\n<p>However, a sharp eye on marginal tax rates is important in this activity, because clawbacks of the Age Amount and Old Age Security can make income averaging opportunities challenging.</p>\n<p>In fact, when you ask the question, who pays the highest marginal tax rates in Canada, you might be surprised to know it’s not always those whose income exceeds $200,000.  The answer depends on the type of income sources and also depends on whether the taxpayer is subject to a clawback of social benefits and credits.</p>\n<p>Let’s see how clawbacks affect seniors and investors in 2016 under various scenarios.</p>\n<p>In the first, seniors are subject to clawbacks of the age amount, the GST/HST Credit and the Old Age Security at various income levels.  (We have looked at incomes over $30,000 which ignores those who  qualify for the Guaranteed Income  Supplement  (GIS), which is clawed back at rates of 50% as income rises)</p>\n<p><strong> Scenario: Ontario senior couple, one with eligible pension income spouse has no income</strong></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>$50,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$60,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$70,000</td>\n<td>29.65%</td>\n<td>51.15%</td>\n</tr>\n<tr>\n<td>$80,000</td>\n<td>31.48%</td>\n<td>72.48%</td>\n</tr>\n<tr>\n<td>$90,000</td>\n<td>37.91%</td>\n<td>58.41%</td>\n</tr>\n<tr>\n<td>$100,000</td>\n<td>43.41%</td>\n<td>63.91%</td>\n</tr>\n<tr>\n<td>$110,000</td>\n<td>43.41%</td>\n<td>63.91%</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>$210,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000</td>\n<td>51.97%</td>\n<td>51.97%</td>\n</tr>\n<tr>\n<td>$220,000+</td>\n<td>53.53%</td>\n<td>53.53%</td>\n</tr>\n</tbody>\n</table>\n<p>Clawbacks of social benefits and credits occur as income rise. A typical relief is to reduce net income with an RRSP contribution, if the taxpayer is age eligible and if there is contribution room.</p>\n<p>That’s important. Given the prohibitive marginal tax rates, RRSP contribution opportunities form part of the overall retirement income planning pre-retirees do. So do subsequent re-investments of after-tax remainders into Tax Free Savings Accounts.</p>\n<p>&nbsp;</p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/federal-budget-winners-and-losers-watch-out-for-clawbacks/\">Budget winners and losers: Watch out for clawbacks</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>\n','Budget winners and losers: Watch out for clawbacks','<p>Our tax expert lays out the numbers </p>\n<p>The post <a rel=\"nofollow\" href=\"http://www.moneysense.ca/save/taxes/federal-budget-winners-and-losers-watch-out-for-clawbacks/\">Budget winners and losers: Watch out for clawbacks</a> appeared first on <a rel=\"nofollow\" href=\"http://www.moneysense.ca/\">MoneySense</a>.</p>','inherit','closed','closed','','1016-revision-v1','','','2016-03-23 10:30:41','2016-03-23 14:30:41','',1016,'http://feedwordpress.radgeek.com/?rev=ae0d4b4d8ab62ff14bc6bcd638dcd53b',0,'revision','',0);
