Top Results For: TAX CHANGES

Deputy Prime Minister Chrystia Freeland said Tuesday that the federal government remains “committed” to its proposed changes to the capital gains tax, which would see the inclusion rate increased from 50 per cent to two-thirds for those with more than $250,000 realized capital gains in a year. Freeland said she “looks forward” to introducing legislation...

The Liberals tabled the federal budget this week, and among the major changes was to how capital gains are taxed. The tech sector are the latest to speak out against the proposal. Financial analyst Robert Levy talks about the impact it could have on Canadians.

Following the announcement of an increase to capital gains tax changes by the federal government in the 2024 budget, doctors in Canada are warning that the change will have an impact on them as well. As Sean Previl reports, doctors and other professionals impacted want the government to make further changes because it could mean...

Big changes coming to the country’s capital gains tax are aimed at the wealthiest Canadians — part of Ottawa’s efforts to generate revenue to help pay for billions in new spending. But some middle-class Canadians who own small businesses or are selling a second property, might have to pay more too. Eric Sorensen looks at...

What are the risks of a greater escalation between Iran and Israel after more retaliatory strikes are exchanged between the two countries? ‘The West Block’ host Mercedes Stephenson interviews the Atlantic Council’s Jonathan Panikoff, the former deputy national intelligence officer for the Near East at the National Intelligence Council, about the possibility of a greater...

Speaking about the new 2024 federal budget Tuesday, Deputy Prime Minister Chrystia Freeland detailed changes to how capital gains are taxed. These proposed changes could see roughly 40,000 of the wealthiest Canadians pay a bigger share of their returns annually.

From home office expenses to house flipping, Tyler Thielmann of Spring Financial discusses the tax changes you need to know for the 2023 filing season.

The Liberal government unveiled its federal budget last week. The budget includes $57 billion in new spending, which the Liberals plan to offset with an additional $18 billion in new revenues from changes to the capital gains tax. ‘The West Block’ host Mercedes Stephenson speaks with John Manley, former Liberal finance minister, and Lisa Raitt,...

Financial expert Rubina Ahmed-Haq joins us to share some savvy tips to simplify your taxes and maximize your refunds. From getting organized to uncovering hidden benefits, Rubina’s advice will help you navigate tax time with confidence and put more money back in your pocket.

There are changes you need to know about as the 2023 tax season opens. Breanna Karstens-Smith looks at how you can save money or where you might lose money.

Ontario Premier Doug Ford announced in Mississauga new legislation planned for next week. As Jaden Lee-Lincoln reports, if passed, it will include rules around a potential carbon tax referendum and licence plate renewal changes.

After lengthy debate over amendments to the operating budget, Edmonton city council voted to approve changes that will result in an 8.9 per cent property tax hike in 2024. Jasmine King has more.

Tax refunds will soon be going back into Canadians’ pockets, but how they choose to manage those funds is changing. A new CIBC poll shows that investing the money is far less of a priority than it used to be as many struggle with the high cost of living. Naomi Barghiel reports.

The deadline to file your taxes without penalty has arrived on Tuesday. If you owe the federal government money, the Canada Revenue Agency will charge a late filing penalty plus interest. Anne Gaviola has this story and more in Business Matters for Tuesday, April 30.

Councillor Tim Cartmell says the City of Edmonton’s budget is broken. The 2024 property tax increase, which now sits at 8.9 per cent, is a little more than two per cent higher than what was originally approved in November 2023. Tim Cartmell joined Global News at Noon to talk about what he thinks need to...

Edmonton city councillors say they know where to find savings in a proposed 8.7 per cent tax hike. Another day of sharp exchanges between Alberta’s premier and the Prime Minister. Recent campaigns to remove elected officials have people on both sides of the campaign saying the recall process needs to change.

Thousands of Toronto homeowners may be getting tax bills under the city’s vacant home tax program even though they still live there. Seán O’Shea explains who has been charged and what went wrong.

Many Canadians have already filed their taxes, but the Canada Revenue Agency (CRA) has now paused new reporting requirements for bare trusts, giving thousands an unnecessary bill. Abigail Bimman explains what a bare trust is, why the CRA made the last-minute change, the fury from accountants, and how it could affect your tax returns.

Canada’s biggest province, Ontario, is cracking down on cell phones in class and making changes to the rules when it comes to vaping. The province says it’s plan includes some of the strongest measures in this country to “protect the “mental and physical health” of children and to curb distraction at school, but some advocates...

The province is revealing details of its new home-flipping tax. It would see as much as 20 per cent charged to those who relist a home within a year of buying it. As Aaron McArthur reports, not everyone agrees it will make a difference in the housing crisis.