44 h. ago School tax increases raise questions about Manitoba’s property tax changes

Recent increases in school taxes have put a dent in the Manitoba government’s estimate of how many homeowners are better off under its new tax-credit system.

Society

3 d. ago Amid ‘Buy Canadian’ surge, should travel at home get you a tax credit?

Canadians are looking within their borders to travel, but some say governments making travel tax credits available could spur even more trips.

Economics

4 d. ago Four Senate Republicans Vow To Defend Climate Law Tax Credits

Four Republican senators are warning against a wholesale repeal of energy tax credits in former President Joe Biden’s signature climate law, asking their party’s leadership to instead take a measured approach.

Economics

1 week ago Canadians are about to get their second GST payment for 2025

Canadians are just days away from receiving their second GST credit payment of the year.The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment. Its purpose is to help families with low and modest incomes offset the taxes they pay.Eligible Canadians will see extra cash in their bank accounts on Friday, April 4.Are you eligible for the GST payment?According to the government, those eligible are at least 19 years old and a Canadian resident for income tax purposes a month before the Canada Revenue Agency (CRA) makes the payment.If you are under 19 years old, the government says you must meet at least one of the following conditions during the same period:You have (or had) a spouse or common-law partnerYou are (or were) a parent and live (or lived) with your childParents who share custody may be eligible for half of the credit for that child.If your income is equal to or exceeds the amounts below, you or your family won't qualify for the credit....

Other

1 week ago Ontario residents will get payments from the government next week

Good news for people living in Ontario: your monthly Ontario Trillium Benefit (OTB) payment will arrive soon.Many residents will see an OTB deposit in their accounts in just over a week, on April 10.This benefit is usually paid out on the 10th of each month unless there's a bank holiday or weekend, in which case, payments are issued on the last working day before the 10th.Ontario Trillium Benefit: Are you eligible?The OTB is a tax-free mix of three payments: the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit.You should be eligible for at least one of the three of the aforementioned credits to receive money.For the Ontario Energy and Property Tax Credit, you could get a maximum of $1,248 if you are between 18 and 64 years old, $1,421 if you are 65 or older, $277 if you live on a reserve or in a public long-term care home, and $25 for the time you lived in a designated college, university, or private school residence in 202...

Politics

2 w. ago All the government money payouts Canadians can get in April 2025

Canadians can expect some serious cash from the provincial or federal government in April 2025.Inflation rose for the first time in six months in February, from 1.9 per cent to 2.6 per cent. This was also the highest spike in eight months.Housing costs are high, and food continues to get more expensive. With the U.S. and China both slapping high tariffs on Canada, economic uncertainty is high.Canadians should take advantage of any benefits program for which they are eligible. Luckily, there are many opportunities to get money from the government next month. Make sure your direct deposit is enabled as you look forward to the following:GST/HST credit — April 4The second quarterly instalment of the goods and services tax/harmonized sales tax credit will be paid out to Canadians on April 4. It aims to help families with low and modest incomes offset the taxes they pay.According to the government, you could get up to:$519 if you are single$680 if you are married or have a common-la...

Politics

3 w. ago Scrapping carbon tax might make life more unaffordable, advocates say

Low-income British Columbians were receiving up to $400 a year through the climate action tax credit that was funded through the carbon tax.

Economics

3 w. ago What you need to do to get your final Canadian carbon tax rebate

If you want to cash in on the final carbon tax rebate, you will have to get some things in order in the next couple of weeks.Last Friday, Prime Minister Mark Carney scrapped the consumer carbon tax as his first move as Liberal Party leader."The consumer carbon tax was too divisive when we should be pulling together. That's why I took action to cancel it on day one," he posted on X.He announced last Friday that the fuel charge would be removed as of April 1 but that the Canada Carbon Rebate (CCR) would still be issued for that month.The carbon rebate, formerly known as the Canada Climate Action Incentive Payment (CAIP), is a quarterly, tax-free amount to help eligible individuals and families offset the cost of federal pollution pricing.According to a notice on the government's tax credits and benefits page, the final CCR payment will be issued starting April 22.However, to receive the payment, the government says individuals must have filed their 2024 income tax and benefi...

Economics