Budget 2024 makes changes to capital gains tax. Who will it affect?
The changes to capital gains taxation have been billed as a way to ensure the government can make up some for some of the big spending measures announced in Tuesday’s budget.
Canada
Apr 17
Here’s what to know about changes to capital gains taxes in Budget 2024
Budget 2024 proposes a change to how capital gains are taxed in Canada. Here’s who could see the biggest impact on their pocketbook.
Money
Apr 16
How capital gains tax changes could affect some family doctors
Some family doctors have warned that the changes to capital gains taxation will affect their ability to save for retirement and their families' futures.
Canada
Apr 20
Budget 2024 tries to sell youth a more affordable life with billions in spending
The Liberal government’s 2024 federal budget includes tax changes and efforts to make life more affordable for millennial and gen Z Canadians.
Money
Apr 16
Electricity, gas bills could rise given proposed tax change. Why?
Electricity Canada is sounding the alarm over a proposed tax change it warns could see some private utilities saddled with millions in additional income taxes.
Consumer
Mar 5
CRA’s bare trust filing change had costly consequences: ‘A lot of angry people’
The CRA announced last week that it is no longer requiring bare trusts to file a tax return this year, but it's left some taxpayers and accountants fronting the cost.
Money
Apr 7
Ontario is changing what developers pay to build. Feds say it means ‘higher taxes’
Tensions between the Ford and Trudeau governments are continuing on the housing file. Now, Ottawa says changes to development charges amount to higher taxes.
Politics
Apr 17
CRA no longer requiring tax return for bare trusts this year
The CRA says it’s making the change after the new reporting rules around bare trusts had an “unintended impact on Canadians.”
Money
Mar 28
Kinew can change Manitoba carbon pricing, but likely not until 2027
Manitoba Premier Wab Kinew wants to take a look at how the federal carbon price is applied in the province, but residents likely won't see any change for three years.
Canada
Jan 25
Brampton man charged in charitable tax fraud case involving $34 million
The CRA says a Brampton man was a partner in a tax preparation business known as E & F Tax Associates or as Bankay Financial Services Inc. in Toronto and Brampton.
Crime
Mar 22
Toronto vows to waive vacant home tax late fees after rollout ‘mess’
Anyone who was wrongly hit with a late fee for failing to submit details under the vacant home tax is being told to ignore the charge as the city grapples with a chaotic rollout.
Canada
Apr 5
Four premiers to tell a House of Commons committee to ditch carbon price increase
Conservative premiers from Alberta, Saskatchewan, Nova Scotia, and New Brunswick will be grilled by MPs on their views about the carbon tax and climate change.
Canada
Mar 26
Manitoba government plans to lift ban on homegrown recreational cannabis
The Manitoba government is planning to end its ban on homegrown recreational cannabis — a move that would leave Quebec as the only province with such a restriction.
Politics
Apr 23
Capital gains changes are ‘really fair,’ Freeland says, as doctors cry foul
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Canada
Apr 23
Tax filing is open: Here are the changes to know about in 2024
The 2024 tax filing season is officially open. Here are the changes to know about, particularly for remote workers and Canadians saving for their first home.
Canada
Feb 19
S&P/TSX composite index little changed Tuesday, U.S. markets mixed
Canada's main stock index was little changed Tuesday as bank earnings began to roll in, while U.S. markets were mixed.
Economy
Feb 27
Man faces voyeurism, child pornography charges after incidents at St. Albert tanning salon
A 37-year-old man has been charged with possession of child pornography and nearly two dozen counts of voyeurism following an investigation at a St. Albert tanning salon.
Crime
Feb 23
Health-care spending, income tax indexing highlight Nova Scotia budget
Nova Scotia has tabled a $16.5-billion budget that spends heavily on health care and contains a tax break touted as one of the largest in the province’s history.
Economy
Feb 29
Here are the tax changes that will affect your pocketbook in 2024
While inflation has eaten away at Canadians' pocketbooks in recent years, the resulting changes to how marginal tax rates and other benefits are indexed might be a boon for filers.
Money
Jan 2
Payroll taxes have gone up. What to know if your paycheque is feeling pinched
Nearly all Canadian workers will have to pay a bigger sum of federal income-based taxes this year. Here's what to do if you are feeling the pinch.
Money
Mar 1