Canada Budget

Why Ontario Should Stop Demanding Money From the Federal Government

Mark Milke | Posted 02.27.2015 | Canada Politics
Mark Milke

Instead of demanding more money from the federal government, Ontario could a) cut provincial spending or b) reform everything from labour laws to regulation to tax policy and electricity policy, to unleash the economy and thus produce more at-home tax revenue or c) both. Ontario should not expect continued billions in annual equalization payments. While the exact decline in equalization is unknown -- it depends on how badly the resource economies and their provincial treasuries are hit -- Ontario should face reality and act accordingly.

Why Veterans Spending Is Expected To Drop $54 Million

CP | The Canadian Press | Posted 02.25.2015 | Canada Politics

OTTAWA - The Harper government's road map to this year's federal budget suggests it is prepared to pour more money into programs and services for the ...

What Canadians Really Think About Valentine's Day

Jeffrey Schwartz | Posted 02.12.2015 | Canada Living
Jeffrey Schwartz

91 per cent would rather spend time with their partners watching Netflix or enjoying a home cooked meal. This was our favourite stat, because it shows your significant other probably doesn't want a big spectacle for Valentine's Day -- and of course, a cozy night at home is really easy on the wallet.

3 Ways to Fly for (Almost) Free

Parmjit Parmar | Posted 02.04.2015 | Canada Travel
Parmjit Parmar

Travelers looking to save money on accommodations can consider staying in a hostel, pitching a tent and camping or even give housesitting or couch surfing a try. While the sky is the limit when it comes to fine dining around the world, travelers can save money on food by cooking meals or eating local, street food.

5 Pre-Election Things To Keep An Eye On

CP | Bruce Cheadle, The Canadian Press | Posted 01.27.2015 | Canada Politics

OTTAWA - The House of Commons resumed Monday following a five-week break and now enters its last scheduled sitting before the fixed federal election d...

Kenney's Budget Musings Given Cold Shoulder By Gov't Source

CP | The Canadian Press | Posted 01.23.2015 | Canada Politics

OTTAWA - A federal official is distancing the Conservative government from Jason Kenney's public musings over the weekend that spending cuts might be ...

Oliver Vows Balanced Budget Or Bust

CP | The Canadian Press | Posted 01.18.2015 | Canada Politics

VANCOVUER, B.C. - Federal Finance Minister Joe Oliver says the government still plans to balance the budget and keep its commitments despite the colla...

Are You Suffering From Post-Holiday Bill Avoidance Disorder?

Jeffrey Schwartz | Posted 01.14.2015 | Canada Business
Jeffrey Schwartz

When you've caught the last scraps of tinsel floating around the house, and your New Year's resolutions have fallen by the wayside, there's still a final holiday tradition left to enjoy: dreading the arrival of holiday bills. Yes, this time every year, thousands of Canadians are struck with cases of Bill Avoidance Disorder (B.A.D. for short). Think you've come down with a case? Try all of the following, and call us in the morning.

A Few Points About Quebec's Debt

Michel Kelly-Gagnon | Posted 01.09.2015 | Canada Business
Michel Kelly-Gagnon

The current Quebec government is at least trying to tame its deficit and start chipping away at its huge debt. But there are some people out there who question whether or not Quebec's public debt is really such a serious problem, and therefore whether our provincial government's "austerity" policies are truly necessary.

How to Make Sure Your New Years Resolutions Are Accomplished

Coreen T. Sol, CFA | Posted 03.01.2015 | Canada Business
Coreen T. Sol, CFA

Predictably, the success or failure of your plans may be determined even before the strike of midnight. 'Tis the season for peak gym-membership sales and promises of budgeted spending. Whatever your goals are for 2015, there are a couple of safeguards you can implement to ensure that you aspirations are accomplished.

Harper's Secret Budget Cuts Undermine Canada's Democracy

Colin Kenny | Posted 01.31.2015 | Canada Politics
Colin Kenny

When a government underspends to the extent we are seeing with the Harper government, the estimates become unreliable. Parliamentarians aren't able to find out how much the government is actually spending until months after the end of the fiscal year. As a result, they can't inform the public about what programs and services have been diminished in time to make a difference. The way the underspending scheme stifles debate reminds me of the Harper government's omnibus legislation, except it's even worse.

Harper Was Briefed On 'Death By A Thousand Cuts'

CP | Bruce Cheadle, The Canadian Press | Posted 01.25.2015 | Canada Politics

OTTAWA - Prime Minister Stephen Harper was briefed earlier this year on how across-the-board budget cuts hurt public service morale, productivity and ...

Provinces Have Reined in Healthcare Costs -- But Not for Long

Livio Di Matteo | Posted 01.13.2015 | Canada Politics
Livio Di Matteo

In the wake of new health expenditure data from the Canadian Institute for Health Information (CIHI), the evidence continues to mount that Canadian public health expenditure growth is moderating. Moreover, adjusting for inflation and population growth, per capita provincial and territorial government health expenditures have actually declined since their peak in 2010.

Oliver Vows Balanced Budget Or Bust

CBC | Posted 12.31.2014 | Canada Business

Neither falling oil prices, today’s disappointing GDP numbers, nor the $2.4-billion cost of the new income-splitting and baby bonus programs announ...

How to Build an Emergency Fund

Jeffrey Schwartz | Posted 12.21.2014 | Canada Business
Jeffrey Schwartz

Thirty-nine per cent of Canadians surveyed have no idea how they would pay for their expenses if they had no income for six months -- and the number swells to 44 per cent for those under the age of 35. Here are five easy steps you can take to start building up an emergency fund.

Can You 'Getaway' With Only One Of Your Kids?

Kathy Buckworth | Posted 12.07.2014 | Canada Travel
Kathy Buckworth

Spending time with one child allows you to really connect with what they're doing at school, the friends they're hanging out with, and what they think about what's going on in the world as well. We also became quite adept at picking out the accents and languages of fellow travellers -- many British, German, and Eastern European dialects.

Ottawa Runs A Whopping Surplus

CP | The Canadian Press | Posted 10.29.2014 | Canada Business

OTTAWA - The federal government ran a surplus of $1.6 billion in June compared with a surplus or $200 million in the same month last year.The Finance ...

This Is How You Plan For College and University Debt

Jeffrey Schwartz | Posted 10.18.2014 | Canada
Jeffrey Schwartz

If you know you are about to be attacked, why not beat the other side to the punch? The same philosophy works with student debt. Build up a solid defense against it by working part time and saving money throughout the next 3-4 years. This way, when that debt tries to attack you after graduation, you'll be armed with a sizable nest egg you can use to pay down the principal.

What To Consider When Lending Money To Loved Ones

Jeffrey Schwartz | Posted 09.28.2014 | Canada Business
Jeffrey Schwartz

Have you ever had one of your friends ask to borrow money from you? Most of us are willing to oblige when the amount is small -- like $10 or $20 -- but what about when the amount is more significant? You are placed in an extremely difficult spot when a friend or family member is asking for $1,000, $5,000 or more.

How To Start Pulling Yourself Out of Debt

Jeffrey Schwartz | Posted 09.13.2014 | Canada
Jeffrey Schwartz

The important thing is to write the goals down and post them somewhere that you see them everyday. Don't be embarrassed about putting them on the fridge and having your friends see them when they come over for a visit. You may not be proud of falling into debt but you should be proud of overcoming it.

Sting Is Right to Deny His Kids A Big Inheritance

Samantha Kemp-Jackson | Posted 09.01.2014 | Canada Music
Samantha Kemp-Jackson

You think that kids of celebrities have it easy? Think again. Sting's surprising announcement that he's not leaving any of his vast fortune to his children was a shock to many. How could this multimillionaire leave his kids to have to *gasp* work for a living? It just didn't seem right.

Saving Tips for Canadians, Eh?

Jeffrey Schwartz | Posted 08.24.2014 | Canada Business
Jeffrey Schwartz

Canada Day is coming up on July 1. Proud Canadians will be gathering with their friends and family to celebrate the birth of our nation all those years ago. And in true Consolidated Credit fashion, utilize these truly Canadian ways to ensure that you and your family have a financially secure future.

This Father's Day, All Your Dad Really Wants Are the Three B's

Jeffrey Schwartz | Posted 08.09.2014 | Canada Living
Jeffrey Schwartz

Grab a couple of gloves and a ball and ask your dad to play catch with you just like you did years ago. You may not have the same coordination as in the past, but it will be fun nonetheless. And you know what? It's not even the act of throwing and catching that will make this gift memorable -- it's the quality time and conversation you'll have while doing it that he'll remember.

How to Budget For University

Melissa Jarman | Posted 07.30.2014 | Canada Business
Melissa Jarman

By now, most students planning to start college or university in the fall are beginning to think seriously about what needs to be done before their classes start. So how do we help students prepare for the coming year? A good starting point would be by taking some time now to review and discuss the following questions.

More Taxes Won't Fix Our Fiscal Mess

Michel Kelly-Gagnon | Posted 07.23.2014 | Canada Business
Michel Kelly-Gagnon

Not a day goes by without someone, somewhere, asking for politicians to levy another tax on a particular group -- ''the rich'', drivers, smokers, or taxpayers in general. And with fiscal deficits crippling many provinces -- especially Ontario and Quebec -- brace yourself. You can count on lobbies of all sorts and politicians to come up with ''innovative'' ideas on how to dig deeper into your pockets to pay for their pet projects.