Federal Budget 2021 Highlights

On April 19, 2021, the Federal Government released their 2021 budget. Our article contains highlights of the various financial measures in this budget, divided into three different sections: • Business Highlights, including an extension to COVID-19 Emergency Business Supports, new programs to support job creation, and a change in interest deductibility limits. • Individual Highlights, including details on the tax treatment and repayment of personal COVID-19 benefits (such as CERB), eligibility changes to the Disability Tax Credit, an increase in OAS for those 75 and up, and support for job skills retraining. • Additional Highlights, including a proposed federal minimum wage of $15, changes to the GST New Housing Rebate conditions, and new or increased taxes in areas such as luxury goods, tobacco, and Canadian housing owned by non-resident foreign owners.

Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients

Great news for some ineligible self-employed Canadians who received the Canada Emergency Response Benefit (CERB)

NEWS + SUPPORT

Keep up to date with the latest news and helpful websites that share important information related to your business and personal financial needs.

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The RDSP: A Long-Term Savings Tool Canadian Families and Individuals Should Know About

The federal government has contributed $5.1 billion in grants and $2.1 billion in bonds to Registered Disability Savings Plans since 2008 — yet only 23% of eligible Canadian children aged 0 to 18 have one. Here's how the RDSP works, how much the government match can add each year, why starting early matters, and what the latest 2024 data reveals about the families already benefiting.
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Redesigning Group Benefits: Balancing Cost and Employee Value

As benefits advisors, we see employers struggling to balance rising costs with employee expectations for flexibility and support. This article explores what employees value most, the risks of cutting coverage, and how data-driven strategies can help organizations redesign plans that deliver both cost control and employee satisfaction.
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Generic Ozempic Is Here. Will Your Drug Plan Actually Save Money?

Generic semaglutide (the active ingredient in Ozempic) is now available in Canada, and it has the potential to meaningfully reduce drug costs for employer-sponsored benefits plans. But savings are not automatic. Without the right plan design in place, many members may stay on the brand-name drug and costs could remain unchanged. Here is what plan sponsors need to know and do right now.
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Creststone Wealth is a financial planning, investing + insurance firm located in British Columbia, serving clients across Canada.

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Insurance products, including segregated fund policies, are offered through Creststone Wealth by Financial Advisors Stephen Cameron, Noreen G. Winzoski, Rochelle Bates, Terry Sorensen, Bharpur Singh Gill and Lise Winzoski, and Financial Advisors Stephen Cameron, Noreen G. Winzoski, Rochelle Bates, Bharpur Singh Gill and Lise Winzoski offer mutual funds through IPC Wealth Inc. IPC Wealth Inc. is a member of CIRO and the Canadian Investor Protection Fund.

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Make your investment decisions wisely. Important information about mutual funds is found in the Fund Facts document. Please read this carefully before investing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Unit values and investment returns will fluctuate.