Ombudsman: federal tax relief program needs funding to improve response time + MORE Nov 17th

Some experts believe the government should adopt generous “pro-ownership” housing incentives, but they would put the financial system at risk by artificially boosting demand for homes

If you’ve ever done research on financial management or getting out of debt, the topic of savings has likely come up. Though it may seem strange that saving is a solution for debt, it can keep you from going further into debt and even help you out of a jam when you least expect it.
For most, however, saving is a financial task that is put on the back burner for one reason or another. If you, too, believe that having a stash tucked away for unforeseen circumstances is something you’ll get to when you have the time and money, maybe you should consider the importance of an emergency fund and what happens when you don’t have one.
Why You Need a Stash
Life is unpredictable. You can go years without having a financial emergency and then one day something you never planned for happens. You lose your job for a year, your car breaks down, you suddenly have to move, or some other emergency happens, and the only way to resolve it is if you have cash. When you have an emergency fund, you can withdraw funds from the account to handle your emergency and replenish it when you have the chance…

POINTE-CLAIRE, Que. _ Bombardier Inc.’s hiring of about 1,000 workers for its new business jet is a signal to young people that the aerospace industry is attractive despite waves of layoffs in recent years, chief executive Alain Bellemare said Friday.
“You go through cycles, but in a sense there’s always a very strong stable base of employment,” Bellemare said at the opening of its new interior completion centre.
Bombardier (TSX:BBD.B) confirmed it is hiring about 1,000 workers over the next 18 months to complete the interiors of the Global 7000 which is scheduled to enter into service late next year.
The company will hold a job fair next Friday at its main aerospace campus in Montreal.
The hiring follows mass layoffs in recent years by the company as part of a five-year turnaround plan to regain its financial footing. It eliminated 14,500 positions around the world in its aerospace and railway divisions.
Bellemare said it will be challenging to fill the skilled vacancies for its largest business jet that can fly non-stop between Montreal and Dubai…

OTTAWA _ The federal government’s Taxpayers’ Ombudsman says the Canada Revenue Agency needs more permanent base funding for a program that provides financial relief to taxpayers who fall behind on payments because of a disaster or hardship.
The ombudsman says in a report that it’s partially satisfied with the CRA’s efforts to set a standard for processing relief requests within 180 days, at least 85 per cent of the time, effective April 1, 2017.
But it says the CRA’s regional processing times should be more consistent and there needs to be more accuracy in communicating the times to the taxpayers making the requests.
The ombudsman says the CRA has implemented or accepted two recommendations, which deal with how taxpayers are notified about the estimated time required to process their request.
It also says the CRA has accepted in principle that it should identify the reasons for fluctuations in the number of requests received for tax relief following a flood, fire or other unusual hardship situation…

Jordan Peterson during his lecture at University of Toronto. (Rene Johnston/Toronto Star via Getty Images)
University of Toronto psychology professor Jordan Peterson was in the news this week—and one imagines this makes the university sad. Peterson first made the news and became a belle of the alt-right when, in September 2016, he announced that he would not use a student’s preferred pronoun if he were asked to, except that he might if he felt the request was “genuine,” and no one had asked him that anyway.
What that poor man has been through.
Needless to say, in an economy as desperately short of leadership and ideas as the alt-right’s is, Peterson’s stock went through the roof. He currently has legions of fans hanging on his every YouTubed word; he’s now hauling in around USD $50,000 a month through crowdfunding.
As a child, I was always a bit uncomfortable when my parents’ friends asked me to call them “Auntie.” I was pretty sure there was no peer-reviewed literature supporting this familial relationship, but it never occurred to me to attempt to politicize, let alone monetize, my unease…