OTTAWA - With a variety of fiscal and policy measures announced in the federal budget, here's a look at some of the winners and losers: Winner: Small businesses Carbon tax rebates for small businesses are coming, five years after consumers began receiving their share. The measure is “a big relief,” says Dan Kelly of the Canadian Federation of Independent Businesses, which represents the sector. The budget says as many as 600,000 small firms would be eligible for a share of $2.5 billion. ...
Walmart said clinics are not a sustainable business model due to a challenging reimbursement environment for primary care and increasing operating costs.
Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Still trending here in Canada is the federal budget after it was tabled by the Liberals in the House of Commons on Thursday. Prime Minister Justin Trudeau is accusing the Conservatives of siding with multi-millionaires and standing against fairness, after the Tories said they won’t support the proposed budget. In it, the Liberals included a […]
Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Budget 2024… titled “Fairness for Every Generation.” It has people talking online because the federal Liberals are spending more than $52 billion more than planned over the next five years. With interest rates at a 20-year high, Ottawa’s cost to borrow has spiked from just over $20 billion in 2020 to a whopping $54.1 billion […]
Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Finance Minister Chrystia Freeland is promising billions in new spending in the federal budget, while also laying more taxes on the highest earners. Freeland announced this year’s federal budget inside the House of Commons Tuesday afternoon. After weeks of teasing many budgetary items, the Liberal government unveiled its plans on how it intends to offset […]
Budget 2024 contains a new tax credit designed to support the EV supply
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...
As lawmakers debate work requirements in Medicaid expansion bills, Walker faces a Catch-22: she first needs health insurance to get healthy enough to be able to return to work.
Canada’s federal budget, released this week, includes a proposal to limit the fees that banks charge customers for overdrawing their accounts. This move is expected to provide relief for low-income clients but could potentially impact the revenue of Canadian banks, Bloomberg reported Thursday (April 18). The proposed cap would be 10 Canadian dollars ($7) for non-sufficient funds […]
The 2024 budget included $8.5 billion in new housing initiatives. Here's what experts say that money means for prospective homebuyers trying to break into the market.
The 2024 budget tabled by Finance Minister Chrystia Freeland Tuesday promised to put money back into Canadians’ wallets. So what will that look like?
OTTAWA - The federal government is eyeing underutilized Canada Post and National Defence properties as a way to deliver affordability and supply to the country's housing market. In its federal budget released Tuesday, it announced plans to free up lands held by both entities in order to build housing at a pace and scale “not seen in generations” and help younger Canadians get into the real estate market. The goal is creating a supply of 3.87 million new homes - adding two million net new...