MW&CO Chartered Professional Accountants

10/14/2026

A single capital gain can trigger the alternative minimum tax for many Canadians. Understand its impact to avoid surprises at tax time. https://financialpost.com/personal-finance/a-one-time-capital-gain-can-trigger-alternative-minimum-tax-even-for-average-canadians

Jamie Golombek: A taxpayer argued the AMT was meant for high-income earners not for a single large capital gain, but lost in court. Read on

10/12/2026

🍂🦃 Happy Thanksgiving! 🦃🍂

Today, we gather with loved ones to reflect on what we’re grateful for. Whether it’s family, friends, or the simple joys of life, let’s take a moment to appreciate all the blessings.

10/07/2026

Are you a Canadian who has lived abroad? It's crucial to understand the TFSA contribution rules and avoid any penalties from the CRA! Read this article to learn how your status affects your savings and tax obligations. https://financialpost.com/personal-finance/canadian-lived-abroad-tfsa-contribution-rules-cra-penalty-tax

Jamie Golombek: Misunderstood non-residency rules and waiting too long to fix her overcontribution cost her any chance at relief. Read on.

10/05/2026

Thinking about your financial future? Should you pay off the remaining $100,000 mortgage or invest in an RRSP instead? Check out this insightful article that breaks down the pros and cons of both options. https://financialpost.com/personal-finance/little-savings-100000-remaining-mortgage-borrow-invest-rrsp

FP Answers: Borrowing to invest in an RRSP could be worth exploring but it is not an automatic “yes.” Find out more.

09/29/2026

Variable mortgage rates are gaining traction. With recent shifts, many homeowners are considering this option to save on interest payments. Are you contemplating a variable-rate mortgage? https://financialpost.com/real-estate/mortgages/mortgage-rates/variable-mortgage-rates-are-having-a-moment

Robert McLister: Every so often, the mortgage industry decides to hike rates in unison. This week was one of those times. Find out more here

09/28/2026

Should Canadian income tax rates match those in the U.S.? Explore this debate on fairness and economic impact. https://financialpost.com/personal-finance/canadian-income-tax-rates-should-match-u-s

Kim Moody: Strong is a tax system that competes. Ours doesn’t, and pretending otherwise is the actual rupture. Find out more here

09/22/2026

Mark Carney is expanding business tax breaks to encourage a wider range of investments. This initiative aims to stimulate economic growth and innovation. https://www.bloomberg.com/news/articles/2026-09-15/carney-expands-business-tax-break-to-broad-range-of-investments

Prime Minister Mark Carney is expanding the scope of a major investment tax write-off, adding oil and gas pipelines, oil production equipment, mining property and more to the list of assets eligible for immediate expensing in Canada.

09/21/2026

Canada is facing economic challenges as counter-tariffs begin to take their toll. The impact on businesses and consumers is becoming increasingly evident, raising concerns about the overall health of the economy. https://financialpost.com/news/canada-counter-tariffs-pile-more-pain-economy

Canada's retaliatory tariffs hitting back at U.S. duties will just drag on growth and raise prices for Canadians, warn economists. Read on

09/15/2026

Economists offer insights on strengthening the economy against political uncertainties. Explore strategies to create resilience and stability in uncertain times. Read more for valuable perspectives. https://bit.ly/4cxGc2h

The government's initial response was to offer support payments for companies and workers hit by this latest round of American tariffs.

09/14/2026

A Deloitte Canada study warns that the U.S. exiting CUSMA could significantly impact the Canadian economy and GDP. It's crucial to consider these potential repercussions for future trade relations. https://www.bnnbloomberg.ca/video/shows/2026/09/03/us-exiting-cusma-could-harm-canadian-economy-and-gdp-deloitte-canada-study/

Deloitte Canada partner and one of the authors of the study Matthew Stewart says ‘it is negative, but it’s not a terrible situation’ if the U.S. withdraws.