Liberal Tax Cut to Raise Taxes for Nearly 40,000 Canadians, PBO Warns | AiF News Bites
PBO report: Liberal tax cut (lowest rate to 14%) will negatively impact <1% of Canadians (39,110 filers), increasing their average federal tax by $141-$155.
PBO report: Liberal tax cut (lowest rate to 14%) will negatively impact <1% of Canadians (39,110 filers), increasing their average federal tax by $141-$155.
Following My Account delays, advisors call for the CRA to offer penalty relief for TFSA overcontributions. Excess TFSA taxes assessed hit $166.2M in 2024.
StatCan survey: Despite cost pressures, 66.3% of Canadian firms remain optimistic. 40% are likely to transfer tariff-related price increases to customers next year.
Canada's 2024 government spending rose 3.1% to $1.1T. StatsCan analysis shows social protection and health care accounted for nearly half of the total budget.
Banks trade at 13x P/E entering Q4 earnings. Analysts debate if high valuation reflects economic resilience or ignores underlying credit and GDP risks.
The SEC alleges Solomon Lichtenstein's Taraxa hedge fund was a $2.7M Ponzi scheme, misappropriating investor funds for personal use.
Canada’s housing market weakened in October as benchmark prices fell to a four-year low and new listings hit an all-time high. With sales below pre-pandemic norms and inventory climbing, analysts warn the correction could last for years.
Coffee prices surged 41% since last year. Analysis of coffee price inflation driven by weather, futures, and tariffs, and the outlook after the U.S. tariff rollback.
Statistics Canada reports Q3 GDP surged 2.6%, beating expectations. Analysis of import-driven growth, weak domestic demand, and outlook for Bank of Canada's December rate decision.
New Fraser Institute report shows Ontario mortgage payments exceed 50% of median income. Toronto hits 110.2%, driven by stagnating wages.