3 hours ago Canadian parents can get an even bigger payout from the government in 2025

Canadian parents can expect an increase in their Canada Child Benefit payments in 2025, though it won't be as sizeable as the last two years.July always marks the start of the Canadian new benefit year. Since 2018, the government has used a process called indexation to increase benefit amounts to better support parents as the cost of living changes."This indexation means that the maximum benefit amounts and income thresholds at which benefits begin to be reduced are increased annually to keep pace with the rising cost of living, giving parents more support each month to help them provide for their children" an Employment and Social Development Canada (ESDC) spokesperson explains.The maximum benefits and the income thresholds are indexed annually based on the Consumer Price Index (CPI).In July 2024, child tax payments increased by 4.7 per cent, meaning the maximum benefit for children under six increased by $350, from $7,437 to $7,787. For children aged six to 17, it increased b...

Politics

3 hours ago BMO CEO says Canadian businesses facing more uncertainty than U.S. counterparts

Trudeau's resignation and Trump's tariff threats ramping up pressures north of the border

Economics

30 hours ago Letters January 7, 2025: ‘The wrong conservative to heading up the federal party.’

LET’S SHAKE Let’s shake up things in Canada for a change. Pierre Poilievre unfortunately has Trump-like tendencies. Danielle Smith, the current premier of Alberta, should be the leader of the federal Conservative Party. She would get a strong vote from this writer and not a weak vote for Poilievre in the next federal election. Robert […]

Culture

3 hours ago Finance Minister Dominic LeBlanc says he won’t run for Liberal leadership

OTTAWA — Finance Minister Dominic LeBlanc says he will not run for the Liberal party leadership. The New Brunswick MP says in a statement that Canada is at “a critical juncture in its relationship with its most important ally and trading partner, the United States.” As a result, LeBlanc says he will keep his full attention […]

Politics

25 hours ago Fate of Canada's capital gains tax hike uncertain after Parliament prorogued

The fate of the capital gains tax hike is uncertain after Prime Minister Justin Trudeau decided to resign and prorogue Parliament.Proposed changes to the capital gains tax were announced by the federal government in its budget last April and introduced as a ways and means motion in the House of Commons in June. The bill did not pass due to pushback from the Conservatives.The tax hike would impact a small portion (0.13 per cent) of the wealthy population. According to the government, the inclusion rate would be increased from one-half to two-thirds for any Canadian individual or corporation that makes over $250,000 per year in capital gains."An increased Lifetime Capital Gains Exemption would ensure most middle-class entrepreneurs won't pay more tax because of these changes, and the new Canadian Entrepreneurs' Incentive would encourage entrepreneurs to invest in capital-intensive and high-growth sectors," reads a news release from Canada's department of finance.A previous article cov...

Economics

16 hours ago Trudeau resignation leaves federal legislation affecting B.C. in limbo

Bill C-321 had nearly completed the federal legislative process and was just one vote away from becoming law, when it died on the order paper.

Politics

27 hours ago Here’s how capital gains tax changes will work after Parliament prorogued

When Prime Minister Justin Trudeau announced his pending resignation and prorogued Parliament, planned changes to how capital gains will be taxed were left in limbo.

Economics

22 hours ago Saskatchewan premier, producers react to Trudeau’s resignation announcement

With Justin Trudeau’s resignation Monday, Saskatchewan producers are concerned over what will happen with the Capital Gains Tax.

Politics

23 hours ago Champagne considering bid for Liberal leadership after Trudeau resignation

According to sources, Champagne is not the only Quebec MP considering a run for prime minister of Canada

Politics

24 hours ago CBC’s Rosie Barton ripped over ‘crying’ while reporting on Justin Trudeau’s resignation plan

While Monday was a day celebrated by many in Canada and around the world, there were others who were devastated by Prime Minister Justin Trudeau’s announcement that he will be stepping down as Liberal leader and PM. Rosie Barton, the CBC’s chief political correspondent, appeared to have tears in her eyes as she reported on […]

Politics

25 hours ago Musk weighs in on who should be Canada’s PM after Trudeau says he will resign

Following Trudeau's announcement, the Tesla CEO posted on X

Politics

25 hours ago B.C. Premier David Eby holds press conference 1 day after Trudeau’s resignation

B.C. Premier David Eby is holding a press conference on Tuesday morning, one day after Prime Minister Justin Trudeau announced his resignation as leader of the Liberal Party.

Politics

27 hours ago Biden praises Trudeau as friend, defender of freedom following resignation news

OTTAWA — U.S. President Joe Biden says he is proud to call Prime Minister Justin Trudeau a friend as both men now prepare for their departures from leadership. Biden says he spoke with Trudeau on the phone Monday after the prime minister announced he would resign his post as soon as a new Liberal leader […]

Politics

31 hours ago Doug Ford evades early election questions amid ‘uncertainty’ of Trudeau resignation

Ford was asked repeatedly if the threat of tariffs from President-elect Donald Trump and Justin Trudeau's resignation would push him to rule out an early election in 2025.

Politics