24 h. ago Calgary’s budget applauded but ‘sustainability’ of spending questioned

To partly reduce the property tax increase, Calgary city council tapped into $50 million of investment income to help pay for city operations.

Other

56 h. ago Canadians could see federal income tax bracket change in 2026

Slight changes to tax brackets are proposed to keep inflation in check as consumer prices remain high

Economics

58 h. ago Anger brewing after ICE orders over $10M of armoured vehicles from Ontario company

U.S. Immigration and Customs Enforcement (ICE) placed a multimillion-dollar rush order for 20 Canadian-made armoured vehicles, according to federal procurements records from November. The agency is spending roughly USD$7.3 million (or about $10 million CAD) on a fleet of Senator Emergency Response Tactical Vehicles manufactured by Roshel, a defence manufacturer headquartered in Brampton. The vehicles are built to withstand bomb blasts and stop .50-calibre rounds. The procurement, which was first reported by U.K.-based newspaper The Independent, was published on a U.S. federal contracting website on Nov. 26, with the contract formally awarded two days later. ICE made the purchase through a sole-source arrangement, arguing that the Canadian company was the only supplier capable of meeting its delivery schedule and technical specifications. The same type of vehicles ordered by ICE have also been used by Ukraine in its defence against Russian aggression.This is outra...

Economics

2 d. ago Purpose Investments Inc. Announces 2025 Estimated Annual Income and Capital Gains Distributions

TORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the estimated annual distributions of income and capital gains for its open-end exchange-traded funds and closed-end funds (the “Funds”) for the 2025 tax year. The estimated distributions represent estimated income earned and capital gains realized by the Funds during the year. Please […]

Economics

4 d. ago 'It's a balancing act': Council approves proposal to allocate projected investment income to help reduce tax hike

The city is projecting $253 million in investment income next year and council voted to put $50 million towards public safety initiatives

Economics

4 d. ago Canadian families getting government payout early for holiday shopping

Families eligible for child tax payments under the Canada Child Benefit (CCB) can expect the money to arrive eight days earlier than usual.Usually, payments are sent out on the 20th of each month unless it falls on a holiday or weekend, in which case they go out on the working day before.Child tax payments always come a week early in December due to the gift-shopping-heavy holiday season. Make sure you're signed up for direct deposit instead of cheques to receive your payment on Dec. 12, so any mail interruptions don't put a damper on your plans.Canadian families got a 2.7 per cent boost in child tax payments. Annual payments for children under six will increase from $7,787 to $7,997, or $666 monthly. For children aged six to 17, this means an annual payment increase from $6,570 to $6,748, or $562 per month.Aside from the federal child tax, there are several other ways Canadians can get money from the government. Families will get additional benefit payments under ...

Politics

7 d. ago Harvest ETFs Announces Estimated Annual 2025 Reinvested Harvest High Income Shares ETFs Distributions

OAKVILLE, Ontario — Harvest Portfolios Group Inc. (“Harvest”) announces the estimated annual reinvested distributions for Harvest High Income Shares ETFs TM that are exchange traded mutual fund trusts for the 2025 tax year. Harvest High Income Shares ETFs TM that are a class of a mutual fund corporation will report separately. Please note these are […]

Other

8 d. ago Guilbeault resigns from cabinet after Carney signs Alberta pipeline deal

Global News has confirmed Canadian Identity and Culture Minister Steven Guilbeault, the former federal environment minister, has resigned from cabinet.

Transport

8 d. ago ‘The government has to spend less’: Taxpayers federation takes aim at Manitoba debt

A new report from the Canadian Taxpayers Federation says the Manitoba government has unsustainably increased its debt by 61 per cent over the past decade.

Economics

9 d. ago Independent grocers federation not happy with farmers’ call for cap on profits

HALIFAX — The Canadian Federation of Independent Grocers says it’s disappointed and surprised that a farmers lobby group is calling for caps on the profits of major grocery chains. Gary Sands, senior vice-president of the federation, says his members are also unhappy with the National Farmers Union’s push for publicly owned grocery stores. “I just […]

Other

1 week ago Here’s how Canada can go ‘elbows up’ and start winning the intellectual property war

Louis Carbonneau: Measures in this month's federal budget not nearly strong enough to protect Canadian IP for long run economic growth

Culture

1 week ago Somali woman who was in a polygamous marriage and lied to get into Canada wins another chance to stay

She 'could not be sponsored in Canada by her husband, because polygamous marriages are not legally recognized under Canadian law,' says a recent Federal Court decision

Other

1 week ago The Royal Canadian Legion on Federal Budget 2025: Big investments, Big cuts – Veterans want immediate clarity

Veterans unclear and anxious over details timelines uncertain OTTAWA, Ontario, Nov. 24, 2025 (GLOBE NEWSWIRE) — With the release of Canada’s 2025 budget, The Royal Canadian Legion is calling for immediate clarity and transparency over details and timelines related to key concerns that are now being repeatedly questioned by the Veterans we serve. “We are hearing […]

Other

2 w. ago Musical spoons, scarves and fancy dinners: Feds spent over $1M on pair of Montreal conferences in 2024

'The government should be able to host conferences without ballooning the tab so extravagantly,' says Franco Terrazzano of the Canadian Taxpayers Federation

Economics

2 w. ago Musical spoons, scarves and fancy dinners: Feds spent over $1M on pair of Montreal conferences

'The government should be able to host conferences without ballooning the tab so extravagantly,' says Franco Terrazzano of the Canadian Taxpayers Federation

Economics

2 w. ago Mortgages in Ontario cities are totally out of control and Toronto is the worst of all

The financial weight of mortgage payments in major Ontario cities has reached a breaking point in recent years, according to a new study that raises alarm bells about runaway costs and stagnating wages.The Home Ownership and Rent Affordability in Canadian CMAs study from The Fraser Institute, a politically conservative think tank, states that mortgage payments have grown to chew up more than 50 per cent of the local median after-tax income in the province's 14 major urban centres in the period from 2014 to 2023.Of these large cities, the monthly mortgage payment on a typical Ottawa-Gatineau home ate up between 50.4 per cent of monthly median incomes during this period, while Toronto topped the charts, with a monthly payment requiring a staggering 110.2 per cent of the local median after-tax family income after a 20 per cent down payment."There is a perception that housing outside of the GTA is still somewhat affordable, but that's not true. Even in cities like Windsor a...

Events

2 w. ago Esri Canada and Canadian Wildlife Federation Announce Major Boost to Nature

OTTAWA, Ontario, Nov. 19, 2025 (GLOBE NEWSWIRE) — More students, educators and community groups will gain access to high technology mapping software and nature-based learning to enhance environmental stewardship, thanks to a new partnership between Esri Canada and the Canadian Wildlife Federation (CWF). Esri Canada is contributing $1 million in geographic information system (GIS) software […]

Politics

3 w. ago Canada has the critical minerals the world needs, but there isn’t a ‘cookie cutter’ approach to getting them out: Hodgson

'It is far better for Canadians to not have the federal government financing these private-sector initiatives'

Events

3 w. ago Financial markets grow fretful after reports of UK government abandoning income tax hike

LONDON (AP) — British financial assets were under pressure Friday on growing speculation that the Labour government has ditched plans to raise income taxes in a crucial budget at the end of the month. Treasury chief Rachel Reeves was clearly considering becoming the first Chancellor of the Exchequer in 50 years to increase the basic […]

Politics

3 w. ago Varcoe: Canadian gas producers see door to global markets as LNG facility makes federal major projects list

'A lot of major work has taken place in the past five years, getting everything put together ... This announcement gets us so very close to the finish line'

Politics