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The last Canada Carbon Rebate arrives on Tuesday after Liberal Leader Mark Carney killed the federal consumer price on carbon. Only those who filed their 2024 income taxes electronically by April 2 will receive the payment on Tuesday. Otherwise, the final payment will be deposited once the Canada Revenue Agency assesses …
Read More »Canada election: Poilievre pledges tax haven crackdown, touts size of Edmonton rally
Former Prime Minister Stephen Harper introduced Conservative Leader Pierre Poilievre at a packed campaign event in Edmonton, which is believed to be one of his biggest rallies yet. During an exchange with a reporter from the Globe and Mail, Poilievre asked whether she enjoyed his rally in Edmonton last night …
Read More »The consumer carbon tax is gone. How will that affect Canada’s emissions?
The federal government has ended its carbon pricing for consumers, and that’s expected to lead to savings at the gas pump. But what did the carbon tax and rebate actually do for the climate? And now that it’s gone, what impact will that have on emissions? Here’s a closer look. How …
Read More »Carney, Poilievre spar over whether consumer carbon tax is really dead
For the first time since 2019, Canadian voters are waking up in a country without a federal consumer carbon levy. We’re expecting the now-defunct carbon tax and other affordability issues to dominate the election campaign today. News Source link
Read More »Annual rate of inflation accelerates sharply to 2.6% in February as tax break ends
The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday. That marks a sizeable jump from the 1.9 per cent increase seen in January, when Canadians saw GST and HST taken …
Read More »Alberta premier not sold on killing of consumer carbon tax, wants industrial levy plan
Despite calling for its demise for years, Alberta Premier Danielle Smith says she isn’t fazed by the new prime minister’s move to kill the consumer carbon levy. On Friday — moments after news broke that Prime Minister Mark Carney had eliminated the pricing scheme — Smith told reporters in Calgary …
Read More »How The Fifth Estate tracked down alleged imposters who duped the tax collector
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Read More »Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway
The prorogation of Parliament has led to confusion around the federal government’s plans to boost the rate of tax some Canadians pay on the capital gains — or profits — they make from selling assets like stocks, a family business or a cottage. Last spring, the federal Liberal government proposed …
Read More »New year, new tax measures — what to expect in 2025
The coming year will see some changes to existing tax measures, but those changes are expected to have only minor impacts on individuals. Daniel Rogozynski of the University of Waterloo’s School of Accounting and Finance told CBC News that, for the most part, 2025 will be a “status quo year” on the …
Read More »Distilleries disappointed to be left out of tax holiday mix
Some independent distilleries are asking why they have been left out of the federal government’s GST holiday, with some worried it’s part of a trend of recent financial policies that have let the industry down. From Dec. 14, 2024, to Feb. 15, 2025, many essential goods will be exempt from the GST …
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