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Matishak Financial Services

"We are always helping you to understand, secure and improve your financial position."

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Blog

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Corona Virus & You

Posted on 21 March, 2020 at 20:00

The Pandemic associated with Covid-19 is laying waste to our social and financial systems. We are in uncharted waters as we try to solve the crisis without tanking the economy. What can we do? Here is my list of the things we can each do to help flatten the curve while maintaining our collective sanity: 

  • Observe the public health directives - maintain social distance, self quarantine, wash your hands regularly and properly

  • Take care of yourself - ...

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Recent Bank of Canada Interest rate change

Posted on 19 January, 2018 at 1:15

On January 17, 2018, the Bank of Canada hiked its overnight rate by 25bps to 1.25 percent, which was  in line with market expectations. Policymakers said that recent data has been strong, inflation is close to target, and the economy is operating roughly at capacity but noticed that uncertainty surrounding the future of NAFTA is clouding the economic outlook.

Please see below Bank of Canada Interest rate changes over the past 5 years:


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Private Company Tax Changes

Posted on 19 January, 2018 at 0:25

The private company tax changes originally proposed during the summer of 2017 by Bill Morneau and the subsequent amendments that were issued in December, just in time for the Christmas season, were among the more controversial actions carried out by the Federal Liberals in 2017. These proposals sought to make changes that would impact the taxation of the following:

• Income sprinkling - i.e, the practice of allocating private company shares among family members so as to lower th...

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