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The following News Release or Speech has just been posted on the Finance Canada Site.

Release of The Fiscal Monitor

Highlights of financial results for November 2006

November 2006: budgetary surplus of $0.3 billion
There was a budgetary surplus of $0.3 billion in November 2006, slightly higher than the restated $0.1-billion surplus in November 2005. Budgetary revenues increased by $1.0 billion, or 6.0 per cent, due to strong growth in personal income tax revenues and a large gain in non-resident withholding taxes, partly offset by lower excise taxes and duties. Program expenses increased by $1.1 billion, or 7.8 per cent, reflecting increases in transfer payments and departmental operating expenses. Public debt charges were down $0.3 billion.

April to November 2006: budgetary surplus of $6.1 billion
For the first eight months of the 2006–07 fiscal year, the budgetary surplus is estimated at $6.1 billion, down $0.5 billion from the $6.6-billion surplus posted in the same period of 2005–06. Budgetary revenues rose $6.4 billion, or 4.6 per cent, reflecting solid growth in income tax revenues, partly offset by declines in excise taxes and employment insurance (EI) premium revenues. Program expenses were up $7.1 billion, or 6.4 per cent, due to both higher transfers and other program expenses. Public debt charges were down $0.1 billion.

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10th Place: Positive Proof of Global Warming

9th Place: Latest Grill Accessories

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The following News Release or Speech has just been posted on the Finance Canada Site.

Ottawa, December 22, 2006
2006-088

Canadian families, students, workers and seniors will be able to keep more of their hard-earned money in 2006 and 2007. Canada’s New Government is providing substantial and immediate tax relief in every way the government collects taxes.

“Within the first 100 days of taking office, our government moved swiftly to lower taxes in order to create the right conditions and opportunities for families and businesses to be successful,” said Minister Flaherty. “While we have made great strides, Canadians still pay too much tax, and our government will continue to look at new ways to ease the tax burden and create a real Canadian tax advantage.”

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The following News Release or Speech has just been posted on the Finance Canada Site.

Release of The Fiscal Monitor

The Honourable Jim Flaherty, Minister of Finance, today released The Fiscal Monitor for October 2006.

Highlights
October 2006: budgetary surplus of $0.4 billion
There was a budgetary surplus of $0.4 billion in October 2006, compared to a $1.6-billion surplus in October 2005. Revenues decreased by $0.2 billion, or 1.0 per cent, reflecting both the goods and services tax (GST) rate reduction and a number of one-time factors affecting income tax revenues. Program expenses increased by $1.0 billion, or 7.0 per cent, reflecting increases in transfer payments and departmental operating expenses. Transfer payments, which account for about two-thirds of total program expenses, increased by $0.6 billion, or 6.3 per cent. Public debt charges were down $19 million.

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Last year .. on November 27, 2005 .. I blogged about some Year-End Tax Planning Considerations for 2005 that individuals could review and consider.

This year .. I thought I would just post some links “OUT THERE” that I have found around the ‘www … from sources that I frequently read or follow throughout the year.

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UPDATE: Congratulations to B.C. Lions with their 25-14 victory over Montreal .. and I hope that guy that fell off the railing is okay!

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The following News Release or Speech has just been posted on the Finance Canada Site.

Release of The Fiscal Monitor

The Honourable Jim Flaherty, Minister of Finance, today released The Fiscal Monitor for September 2006.

Highlights

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It seems like “Poll”s are quite popular around the internet and blogging community, so with the wordpress plugin called Democracy I have added 1-800-HART polls in the sidebar today.

I was going to ask everybody how the year 2005 went for you … being that I am an accountant and we generally tend to focus on past results … but I think I want to know how everybody feels about 2006 …

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Subject: CRA Electronic mailing list service

The following is now available on the CRA Web site:

CPP pensionable earnings ceiling for 2006 up to $42,100

News release

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I received this in my In-Box October 26, 2005 … it’s that time of year again, for us preparers to register with Canada Revenue Agency to renew our participation online.

Thank you for using our electronic services to file your client’s individual and corporation income tax returns.

To maintain your access to our electronic services for the coming year, you have to renew your participation online. This will allow you to use the following electronic services:

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