Budget

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Budgeting By Stealth

Surplus budgeting is a worthy goal; however, the means by which the Government gets there has to be transparent. Increasing El premiums beyond sustainment and reducing eligibility is not transparent. Sale of undisclosed assets is not transparent. Lapsing budgets by stealth is not transparent.
CP

Positive Economic News Expected

OTTAWA - After one of the more disappointing years in the current recovery cycle, Finance Minister Jim Flaherty is expected to offer some positive news for a change when he issues the government's fal...
CP

Wait A Minute..

OTTAWA - The surprising revelation last week that Ottawa is almost $7 billion ahead of schedule for eliminating the deficit is attracting the scrutiny of the budget watchdog.The No. 2 man in the Parli...
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Have a Credit-Friendly Turkey Day

Does Thanksgiving dinner leave you feeling like a turkey? Hosting dinner for friends and family can leave you feeling thankful, but let's face it, putting on a Thanksgiving spread isn't exactly cheap! But what if there were a way to cook for a crowd without spending a bundle this year? With these tips you can have a fun, festive and frugal holiday dinner without sacrificing taste or quality.
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How to Maximize Back to School Shopping With Your Kids

I recently went shopping for back to school clothes with my three young kids in tow. As insane as it may seem to take your kids along with you while picking out clothes for the season, it actually makes things easier and more efficient as you're able to size things on the spot. As the first day of school looms, here are some proven tips for back to school shopping with kids.
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Financial Dilemmas Are Really About Emotion

If you find yourself overwhelmed or stuck in making a financial decision, look inwards. This hesitance is a sign that there is an underlying issue you're struggling with. It can also mean that you are not considering the proper context. Are you too focused on the future and forgetting about today? Are you living according to your value system? Or conversely, are you so fearful of the future that you won't look at it and you live only for today? Either way, you're avoiding the real issue.
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What Your Provinces Did While You Were Out Partying

Politicians are often derided because they treat the public with disdain, such as when governments try to bury bad news by releasing it when they hope no one pays attention -- say, at the end of a day close to the first long weekend of summer. This happened twice in just the past two weeks.
PA

A Dirty Little Secret About Mortgage Interest Rates

TD Canada Trust announced that they were increasing the interest rate on a five year closed mortgage from 3.09 per cent to 3.29 per cent. If your mortgage interest rate goes from 3 per cent to 4 per cent, how much did it go up? The obvious answer is 1 per cent, but if your mortgage interest rate goes from 3 per cent to 4 per cent, your interest increased by one third, or just over 33 per cent.

Five Ways to Get Flight Deals This Summer

Summer is nearly here, which means it is time to start thinking about booking airfare deals for holiday trips. If you want to take a break without breaking the bank, use these quick tips to make the most of your travel budget and find the best flight deals this summer.
Alamy

Have Some Life-Long Debt, Son

Most people would agree that you shouldn't have to pay someone else's tax bill. Despite all of the myths surrounding tax filing, this one is actually in accordance with Canadian law. If a relative of yours were to die owing money, you have no obligation to pay their debts. It doesn't matter who they are, parents, siblings, aunts or uncles. If they have spent all their money, and die having nothing but debts, you're in the clear. However, unlike people whose debts die with them, a government's debt is carried forward forever (or until it's paid off). As we move through time, we're getting closer and closer to the point where it will be impossible to "clear our tab."
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Why We Shouldn't Mourn CIDA

When I first heard about the dismantling of the Canadian International Development Agency in the government's recent budget, I was rather dismayed. Nonetheless, upon delving into the issue further, it became clear that my initial reaction was quite misguided. International aid from Canada is not coming to an end; the budget has merely initiated the merging of CIDA with the Department of Foreign Affairs. The aim is not to slash aid, but rather to have a more synergized approach to its deliverance in developing countries. The merger of CIDA with DFAIT ensures the money our government spends internationally will be more focused, effective and better reflect and preserve the national interests of Canada.
CP

NDP Wants RCMP Investigation

OTTAWA - The RCMP should investigate last week's federal budget leak about tariff reductions because it could have allowed insiders to manipulate markets, the Opposition New Democrats charged Monday.N...
AP

Will Harper Keep His Promise on Budget Day?

Stephen Harper won his majority in 2011 -- on his fourth attempt -- because of certain promises he made. He promised to control spending. He promised to balance the federal budget in 2014-15. And he promised to deliver tax relief once the budget was balanced, by extending income splitting to working families and by doubling the amount we can all put in our Tax-Free Savings Accounts each year.This year's federal budget will show us if he's serious about keeping the promises that got him his majority.
CP

WATCH: What's On Flaherty's Shoe?

OTTAWA - Having all but ruled out new spending, the trick for Jim Flaherty in Thursday's budget is to maintain the impression of "action" in his fifth instalment of the Economic Action Plan series tha...