The federal government is looking at making Islamic home financing increasingly accessible to help more Canadians break into the housing market. As part of the 2024 federal budget that was released last week, Ottawa said it is “exploring new measures to expand access to alternative financing products, like halal mortgages.”Last month, the federal government started consulting financial
A sharp uptick in gas prices is fuelling road rage in some parts of Canada on Thursday. Many motorists filling up at the pumps are facing higher prices — some up as much as 22 cents from yesterday in parts of Ontario, for instance.Data from GasBuddy’s live gas price tracker shows prices were 10.9 cents higher
The federal government’s 2024 budget proposes changes to how capital gains are taxed, which could see the wealthiest Canadians pay up a bigger share of their returns. The Liberals announced plans Tuesday to increase the inclusion rate on capital gains, which are the proceeds of the sale of an asset like a stock, income property
The Liberal government delivered a federal budget on Tuesday geared towards young Canadians, proposing a spending plan that promises to do everything from make it easier to buy a first home to crack down on costly concert ticket fees. “We are acting today to ensure fairness for every generation,” Finance Minister and Deputy Prime Minister
Market watchers say some Canadian lenders are raising their fixed-mortgage rates on offer despite indications from the Bank of Canada that rate cuts are possible in the months ahead. Mortgage experts who spoke to Motorcycle accident toronto today say despite the Canadian central bank opening the door on rates coming down by mid-year, stubborn economic data in
The Liberal government faces a slowing economy and an uphill battle in the polls as it prepares to table its 2024 federal budget on Tuesday. Motorcycle accident toronto today spoke to Canada’s former parliamentary budget officer ahead of April 16, who said he’s expecting a tight spending plan with little room for surprises or hotly demanded relief
The federal government has announced a series of measures to make it easier for first-time buyers to break into the housing market with changes to the Home Buyers’ Plan and amortizations on some mortgages. Finance Minister Chrystia Freeland unveiled the changes Thursday morning, the latest housing-focused announcement ahead of her tabling the 2024 federal budget
Peter Corry from Alberta says he recently paid $700 for an accountant to file his bare trust tax returns, out of fear of a penalty for missing the April 2 deadline. However, following the Canada Revenue Agency’s (CRA) announcement last week that it is retracting the reporting requirement, Corry says he feels the money was
The recent demise of Lynx Air leaves Flair Airlines alone holding the banner for ultra-low-cost carriers in the Canadian airspace. Heading into the busy summer travel season when airlines make much of their money, some experts say travellers booking tickets across Canada will have to weigh cheap airfare against the reputational and financial uncertainty dogging
Descrease article font size Increase article font size Canadians with bare trust arrangements, such as a co-signed mortgage or joint bank account, are now exempt from filing a return this tax season. The Canada Revenue Agency (CRA) said in an announcement Thursday that bare trusts no longer have to file a T3 Income Tax and