Canada’s tax season is now officially open – and there a few key changes that could affect Canadian pocketbooks. Starting Monday, Canadians can file their income tax and benefit returns online.“Considering all of the financial stress the Canadians are feeling right now, this might be a good year to take a bit of a closer
The Bank of Canada delivered a sixth consecutive interest rate cut on Wednesday but slowed the pace of its easing cycle. The central bank also warned that Canada’s economy would be “tested” if the United States delivers on a threat to impose blanket tariffs on Canadian goods, and said there was more “uncertainty” in its
The Bank of Canada is being pulled in a few different directions ahead of its first interest rate decision of the year on Wednesday. On one hand, there are signs of trouble bubbling up in underlying inflation that could make an argument for keeping borrowing costs higher for longer.On the other: fears of a trade
Chinese startup DeepSeek sent shockwaves through financial markets Monday on claims that it could develop advanced artificial intelligence models using much cheaper semiconductors than previously thought possible. Those implications sent shares of Nvidia, a chipmaker whose value surged in recent years on promises to power the AI revolution, down double digits as markets opened for
U.S. President Donald Trump’s threats to impose tariffs on imports from China could send shockwaves through global supply chains that experts warn could raise prices on everything from big-ticket household goods to dollar store purchases in Canada. Since Trump’s re-election in November, Canadian officials have been largely focused on a response to his threats to impose
Some Canadian real estate watchers are expecting borrowing costs to hit their floor at the same time sellers flood the spring market with listings, unleashing a flood of activity in many housing markets across Canada in early 2025. That could send home prices higher in many cities — but not all markets will feel the
Some eligible working Canadians are set to receive advanced payments of workers benefits from the federal government this week. The Advanced Canada Workers Benefit (ACWB) will go out on Friday to individuals and families who earn a low income.The CWB is a refundable tax credit and the payments are aimed to help workers cope with
The federal government has provided clarity on how proposed changes to capital gains taxes will work after Prime Minister Justin Trudeau prorogued Parliament without passing legislation to put the new tax rules into law. But tax experts warn that until it’s clear which party will form government this year in Canada’s upcoming federal election, the
News of Prime Minister Justin Trudeau’s impending resignation helped push the Canadian dollar higher on Monday morning in a move some experts say reflects higher confidence in Canada’s economy with new leadership on the way. The loonie, which had been struggling for months heading into the new year, briefly surged by roughly one per cent
Canada’s 100 highest-paid CEOs earned $13.2 million on average in 2023 from salaries, bonuses and other compensation, according to the Canadian Centre for Policy Alternatives. It was the third biggest year for CEO pay since the CCPA began tracking the data in 2007, but a decline after 2021 and 2022 broke records.“It’s still well up