Finance Minister Chrystia Freeland’s fourth budget delivers a big-ticket housing program for millennials and Generation Z voters — a multi-billion dollar commitment to be paid for in part with a tax hike on the rich and corporate Canada.
OTTAWA - Finance Minister Chrystia Freeland introduced the 2024 federal budget on Tuesday. Some key highlights: Housing In hopes of building nearly 3.9 million new homes across Canada by 2031, the government plans to: increase the capital cost allowance rate for apartments from four to 10 per cent, allowing builders larger tax writeoffs; extend the mortgage amortization period to 30 years for first-time homebuyers purchasing new builds; make more public lands available for...
President Joe Biden and his wife, Jill, on Monday released tax returns showing that their income rose 7% to $619,976 in 2023 and that the couple paid 23.7% of their income in federal taxes. Biden released the data on the day U.S. taxes for the prior year are due and as the Democrat seeks re-election in 2024. Donald Trump, his Republican opponent, broke with the tradition of presidents making their federal tax returns public, saying he was not able to do so while being audited by the Internal...
OTTAWA - Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget - but won't say if corporations or the wealthy are in for the same treatment. Freeland pointedly did not answer Tuesday when asked during a news conference about the prospect of new taxes on corporate Canada or others not part of the middle class. Instead, she emphasized the “urgent” need to invest in things that are important to Canadians, such as housing and...
(The Center Square) – Survey results show Seattle officials may not receive much support from taxpayers as the city deals with a growing budget deficit. The Seattle Office of Economic and Revenue Forecasts presented new data on Monday that revealed that the city’s general fund is now expected to be $44.7 million higher than originally budgeted in 2024, with expectations that city revenues will continue growing in 2025 and 2026. But the city is still facing a...
Finance Minister Chrystia Freeland today tabled a 400-page-plus budget her government is pitching as a balm for anxious millennials and Generation Z. The budget proposes more than $52 billion in new spending over five years - and a focus on getting more affordable houses built. Here are some of the notable funding initiatives and legislative commitments in budget 2024.
If you pay New York state taxes, you’re paying top dollar and getting bupkis.
When you open a pack of Topps UEFA Club Competitions 2023/24, you could well be in for a big surprise. Inserted into one lucky piece of foil, will be an incredible one of a kind Jude Bellingham ins
After a chaotic finish to Night 1 of WrestleMania 40, the stage is now set
After a chaotic finish to Night 1 of WrestleMania 40, the stage is now set
The epic weekend is set to begin in Philadelphia with plenty of wild action
Governor Glenn Youngkin has announced his amendments to the state’s budget passed by the Democratic-controlled General Assembly last month.