Manitoba Finance Warns of Budget Shortfall and Hydro Dependence
Manitoba's war government faces a bleaker fiscal picture for 2002-03 as Finance Minister Greg Selinger reports revenues $54.3 million below plan and expenditures $71.7 million higher at mid-year. He projects a $3.5 million year-end surplus but warns risks loom if the national economy falters. The report cites reduced equalization payments, wage settlements, and higher health care costs, with Manitoba Hydro profits plunging 75 percent to $24 million.
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RRSP tips for 2002 tax season and planning
Garth Turner surveys Canadians on RRSP contributions and offers ten actionable ideas to maximize tax relief and retirement planning. He notes low participation, preference for guaranteed investments, and housing market risks, then outlines strategies from borrowing to homebuyer plans and spousal transfers.
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