Credit Union Central

Credit Union Central of Canada is the national trade association for the Canadian credit union system. Canada's credit union system is a vital competitor in the financial services industry. Canadian Central represents five provincial/regional Centrals and one Federation representing 348 credit unions with more than $152.5 billion in assets and serving over 5.3 million members, outside of Quebec.

Credit unions hit with $205 million tax increase

May 092013

Consumers

Omnibus bill provision increases credit union taxes to be 'more fair' to banks. Seriously.

from Credit Union Central

Canada's credit unions were disappointed to see the March 21 federal budget increases taxes for credit unions and caisses populaires in 2013 and in future years. A tax provision designed to help credit unions compete with big banks will be eliminated.