Forest Financial Planning

We wish you a Happy Holiday season and a peaceful and prosperous New Year.

Warmest wishes,

Forest Financial Planning

“If re-elected, the Liberals said they would increase OAS by 10% for seniors over age 75 and raise the CPP survivor’s benefit by 25%”

Liberals promise to boost OAS, CPP survivor’s benefit | Investment Executive If re-elected, the party would increase OAS by 10% for seniors over 75

Luxury tax: The proposed approach to tax the wealthy. It could generate $604M in revenues over five years.

“The federal government’s first budget in two years proposes a new tax on luxury goods such as yachts, personal aircraft and cars.

The tax would be applied to cars and personal aircraft that retail over $100,000; and boats for personal use that retail over $250,000. If the budget passes, the tax would come into effect on January 1, 2022.” - CTV News

What are your thoughts?

https://www.ctvnews.ca/politics/luxury-tax-on-yachts-cars-and-personal-aircraft-laid-out-in-new-federal-budget-1.5393511

Luxury tax on yachts, cars and personal aircraft laid out in new federal budget The federal budget proposes a new tax on luxury goods such as yachts, personal aircraft and cars. The tax would be applied to cars and personal aircraft that retail over $100,000; and boats for personal use that retail over $250,000.