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...
OTTAWA - Canada's premiers are warning the federal government not to overreach into their jurisdictions when it comes to delivering the programs laid out in Ottawa's latest budget. In a letter responding to the Liberals' budget, the premiers say they worry new federal programs are eventually going to be downloaded onto provinces and territories. They also say the housing crisis cannot be solved by the federal government working with municipalities alone. Prime Minister Justin Trudeau...
Local developers are calling the multibillion-dollar affordable housing measures in the 2024 federal budget “a good start” but say much work remains before any real impact is felt. The Liberal government on Tuesday committed to spending $8.5 billion on various housing programs to build nearly 3.9 million residences across the nation by 2031. “Overall, you […]
Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government
Canadian Prime Minister Justin Trudeau is imposing higher taxes on the
WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated
Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. In a speech, Jefferson said he expects inflation to continue to slow this year. But he omitted a reference to the likelihood of future rate […]
by Suzette Smith The Mercury provides news and fun every single day—but your help is essential. If you believe Portland benefits from smart, local journalism and arts coverage, please consider making a small monthly contribution, because without you, there is no us. Thanks for your support! Good Morning, Portland! My notes from yesterday, about today's news, simply read: "moilun rogue’s windmill blades fell off," so that's the sort of day I (and...
Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. The federal government says it plans to lease and build on under-used federally-owned lands. The government says the plan is part of what it calls an “ambitous housing strategy” and part of the 2024 federal budget tabled this week. The federal lands can include post offices, government buildings, or an armoury. An armoury in Nova […]
Raducanu exited the Stuttgart Open in the quarter-finals but that encouraging form deserted her on Wednesday as she was crushed 6-2 6-2 by her Argentinian opponent, who is ranked 83.
Don’t fly religious flags on city-owned property.
HORSEHEADS, N.Y. (WETM) - The Horseheads Board of Education voted on a tax cap challenge scenario that would save the four jobs potentially in jeopardy. “This is a watershed moment for the board for the community that they’ve asked for.” The board of education was given three options. The option they chose would include a []