B.C. ringing in new year with home-flipping tax, with income tax rebate on the way
CTV
A maximum 20-per-cent home-flipping tax is among new regulations taking effect in British Columbia as of Jan. 1, with a promised middle-income tax cut arriving in the coming months as well as a spring carbon tax increase.
A maximum 20-per-cent home-flipping tax is among new regulations taking effect in British Columbia as of Jan. 1, with a promised middle-income tax cut arriving in the coming months as well as a spring carbon tax increase.
Premier David Eby said Tuesday the middle-income tax cut he promised during last fall's election campaign would help form the New Democrat government's agenda in the new year.
"I have heard that you want our government to work harder to tackle the issues that you and your family are talking about around the kitchen table," he said in a statement. "That is our focus for 2025 and beyond."
Eby had promised economic development and the tax cut in a year-end interview with The Canadian Press earlier in December.
"The focus will be on growing our economy," he said. "And, of course, affordability. British Columbians are going to see that middle-class tax cut."
Eby had said he expected the newly created Ministry of Infrastructure to help drive economic development in 2025.
"You're going to see an approach from us about streamlining projects to get them approved and ensure people are working," he said. "Around building the province, we've got a new infrastructure ministry that is focused on streamlining and expediting things like schools, hospitals and transit systems."
It was a warmer-than-usual New Year's Day in Montreal, with temperatures hovering just above freezing, but Environment and Climate Change Canada is predicting that colder temperatures are here to stay as we kick off 2025.
A special weather statement has been issued across Cape Breton, warning of a 'significant' winter storm.
A 37-year-old suspect has been charged in connection with a road rage incident last week in Temiskaming Shores.
From the Canada Child Benefit to Old Age Security, federal payment dates have been determined for 2025. Find out when you can expect your payments.
The City of Charlottetown is proposing a 'bike bus' to get students to bicycle to school.
A man has been rushed to hospital with life-threatening injuries following a crash near midtown on Thursday night, Toronto paramedics say.
Ottawa’s new north-south rail line will open to the public on Monday, Jan. 6, connecting downtown Ottawa and Riverside South with a spur to the Ottawa International Airport.
As many pledge to undertake a "Dry January" as a booze-free antidote to the excesses of the holidays, B.C. researchers have launched an online tool they say measures the costs of alcohol consumption and the benefits of cutting back.
A home in St. Andrews is a complete loss following an early morning fire on Thursday.
Thousands of people flooded downtown cores and landmarks in Toronto, Calgary and Seattle to ring in 2025 with a fireworks show, but B.C.'s largest city went without any public celebration.
Marco Mendicino, a prominent Toronto member of Parliament and former minister of public safety and immigration, won't run in the next federal election, CTV News has learned.