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Ottawa’s luxury tax on high-priced cars, planes and boats is coming into effect today, despite warnings from some critics that the measure will hurt the economy and turn out to be more trouble than it’s worth. As of Thursday, luxury cars and personal aircraft with sale prices of over $100,000 …
Read More »Rural Alberta frustrated with oil and gas ‘bad actors’ not paying tax as industry swims in cash
As questions loom about how Canada’s oilpatch will spend its record profits, Alberta’s rural municipalities are once again calling for what they’re owed in outstanding property taxes. Jason Schneider, a director with the Rural Municipalities of Alberta (RMA), says the oil boom is good news, and the majority of companies are paying their …
Read More »Tax agency obtains ‘jeopardy order’ for debt from Downton Abbey-loving billionaire
Canada’s tax agency has obtained an order to seize debts owed by a Chinese billionaire whose love of Downton Abbey inspired him to pay more than $11 million for an iconic Vancouver mansion in the same year he claimed income of just $9,424. According to a federal court judgment issued …
Read More »Sales tax on seeds works against lower carbon footprint, expert and home growers say
Nicola Moore says it was the pandemic that triggered her interest in growing food. “My parents have always had a garden my whole life,” she said. “I never put two and two together until I had a family of my own. And then when we went through the pandemic, I think …
Read More »Promised Ontario gas tax cut of 5.7 cents per litre coming Friday
A cut to the provincial gas tax promised by Premier Doug Ford before the June election takes effect on Friday and experts say it may offer some relief to drivers facing sky-high pump prices, but the long-term benefits to consumers are unpredictable. The government passed legislation this spring to lower the gas tax by 5.7 cents …
Read More »Criminal probe into KPMG offshore tax scheme ends in secrecy
A criminal investigation by the Canada Revenue Agency of KPMG’s use of an offshore tax haven ended more than a year ago without any public announcements, sources have told Radio-Canada. The status of the case is uncertain. The Canada Revenue Agency (CRA) declined to comment on the file, as did federal prosecutors with …
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