MPs will vote on capital gains tax changes in confidence measure
Global News
For the third time in seven days the House of Commons will vote on a confidence measure on Wednesday, but this one comes from the government itself.
For the third time in seven days the House of Commons will vote on a confidence measure on Wednesday, but this one comes from the government itself.
The Liberals have called for a vote on the proposed changes to the capital gains tax that they announced in the spring budget.
The capital gains inclusion rate was adjusted in June and the motion before the House today will allow the government to introduce the legislation to formalize the changes.
Most Canadians who make more than $250,000 in profits in a single year from capital income like the sale of secondary properties or stock options will now pay more in tax on that income.
The move was widely panned by business groups and doctors, with the government saying it’s meant to ensure millionaires aren’t paying a smaller tax rate than middle-class income earners.
The parliamentary budget officer says the increase to the capital gains inclusion rate will bring in $17.4 billion in revenue over five years.
A weaker Canadian dollar tied to Donald Trump's victory could be inflationary north of the border, which could make our central bank more hesitant to cut rates too quickly.
The employee was indicted for allegedly distributing personal information of TD Bank customers, the latest criminal probe to hit the U.S. arm of the Canadian financial institution.
Stock markets were rising broadly higher on news of Donald Trump's U.S. election victory on Wednesday. Here's how investors say you should adjust your portfolio.
The Bank of Canada's Carolyn Rogers says improving housing affordability ultimately requires reaching a balance between supply and demand, which she says will take time.
Donald Trump was previously a crypto skeptic but changed his mind and took a favorable view of cryptocurrencies ahead of the election.
Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans.
Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans.
Bell Canada will use $4.2 billion of the proceeds it got from selling its stake in Maple Leaf Sports & Entertainment to Rogers Communications to fund this acquisition.
With the costs of pet ownership rising, the Competition Bureau sees an opportunity to drive down the prices of medication by expanding distribution to pharmacies.
Major North American carriers with international operations are cashing in on a booming demand for overseas travel and a resurgence in business bookings.