9 h. ago Franco Terrazzano: Canadians needs tax cuts, not retaliatory tariffs

Knee-jerk retaliatory tariffs will likely have little effect other than causing Canadians more pain

Economics

31 h. ago Letters, March 20: Liberals are gaslighting Canadians on carbon tax

Does Canada need more oil development? Vote in our daily poll! Liberals are congratulating themselves for pausing the carbon tax. Ironically, are they not the ones who brought in the punishing tax? Talk about gaslighting Canadians. Curtis Radcliffe (They learned the error of their ways?) Say what, grits? A message for Liberals: You blamed every […]

Economics

47 h. ago Here's how the end of carbon tax in Canada will affect your everyday expenses

With the carbon tax set to be scrapped next month, Canadians may be wondering exactly how much this will affect gas and food prices in Canada.According to an analysis from Desjardins Economics released on Tuesday, Canadians can expect a drop in prices at the pump immediately, but it may take a while for their grocery bills to go down.The report comes after Prime Minister Mark Carney announced that the federal government would be axing the consumer carbon tax in Canada as of April 1. The final Canada Carbon Rebate (CCR) will still be issued that month, but you'll need to get your affairs in order to cash in.Desjardins predicts that inflation will be about 0.7 per cent lower in April 2025 than it would have been if the carbon tax stayed.More specifically, the report suggests that removing the price of pollution will drop gas prices by about $0.18 per litre on April 1 in provinces where the fuel charge is applied.In comparison, the carbon tax in Canada was...

Economics

49 h. ago Trudeau’s two pensions worth $8.4 million, taxpayers federation estimates

'Taxpayers shouldn’t be on the hook for a second pension,' Franco Terrazzano says of extra stipend for heads of state

Economics

52 h. 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

3 d. ago LILLEY UNLEASHED: Poilievre will unleash Canada’s economy, Carney will keep our resources in the ground

WATCH BELOW as the Sun’s political columnist Brian Lilley says Poilievre has a plan including cutting the entire carbon tax while Carney will have a shadow tax he will try to hide from Canadians. What do YOU think? Tweet and Facebook us! And don’t forget to subscribe to our YouTube Channel. 

Transport

6 d. ago Company audited for tax schemes sues Canada Revenue Agency for $100 million

A $100-million lawsuit has just been launched against the Canada Revenue Agency (CRA) by a company audited for what the agency calls "tax shelter gifting schemes."On Friday, a statement of claim was filed at the Ontario Superior Court of Justice by Ken Gordon, founder of EquiGenesis Corporation, a service that helps high-net-worth investors with tax incentive investment opportunities.The lawsuit claims that Gordon's business has experienced over two decades of "harassment and abuse" by bureaucrats at the CRA focused on shutting it down and "punishing everyday taxpayers."Ken Gordon, founder of EquiGenesis Corporation (Equigenesis.com)According to the statement of claim, the "repeated harassment" began in 2003 when the CRA launched an audit on "gifting tax shelters," or what the agency calls "tax shelter gifting schemes."The government has issued warnings to Canadians about these schemes when a taxpayer is presented with a strategy where the tax benefits and deductions they can claim ...

Economics

8 d. ago Canadians can get their taxes done for free and here's who qualifies

Need help filing your taxes? According to the Canada Revenue Agency (CRA), some Canadians may be eligible for free tax assistance.It's that time of year again as everyone gets ready to file their taxes in Canada before the April 30 deadline. However, filing taxes can be a pretty daunting task for some, which is why the CRA offers a free service for Canadians who qualify."Doing your taxes each year can feel like a big job, but you don't have to do it alone!" reads a statement from the CRA.How can you file your taxes for free in Canada?Non-profits and organizations organize free tax clinics through the Community Volunteer Income Tax Program.In 2024, volunteers submitted 980,000 tax returns and helped over 857,000 people. Combined, their efforts resulted in Canadians receiving $2.3 billion in benefits and credit payments.And it's not just for filing taxes this year — volunteers can even help people with their taxes going back 10 years.Are you eligible?To get free tax help, you'll...

Economics

2 w. ago B.C. budget increases tax credits for Canadian television and film productions

“We're thrilled. It's great,” said Erin Haskett, president of Vancouver’s Lark Productions

Economics

2 w. ago Canadians can cash in on money from the government in March 2025

Canadians will get money from the government in multiple ways in March 2025.With high grocery prices, housing costs, and a generally soaring cost of living, money is tight for everyday Canadians. Food bank usage has hit record highs, and heightening unemployment makes a challenging situation even more difficult for many individuals and families.However, some benefits are available that can help alleviate the stress on your wallet a little.If you're eligible, ensure your direct deposit is enabled as you look forward to the following.Canada Child Benefit (CCB)Canadian parents eligible to receive child tax payments can expect the money from the government to arrive in their accounts on March 20.Child tax payments increased by 4.7 per cent in the summer of 2024. This means the maximum benefit for children under six increased by $350, from $7,437 to $7,787. For children aged six to 17, it increased by $295, from $6,275 to $6,570.Another much-needed federal child tax booster will come to ...

Politics

3 w. ago Letters Tuesday February 25, 2025: ‘Trudeau’s train isn’t for the people, it’s for him.’

MORE HIGH-SPEED SPENDING Re: Lame-duck PM can’t get off Liberal spending train, Lorne Gunter column, Feb. 23 So here is yet another expense that’s going to cost Canadians billions of tax dollars while our health care, education and military continue to crumble. The Liberals refuse to deal with issues they themselves have caused — massive […]

Politics

3 w. ago Freeland pledges to consult with Canadians on carbon tax alternatives

Freeland says her plan will build durable, lasting climate progress without making Canadians pay

Economics

last month Ford: Axe the tax talk: Canada's consumption tax — the GST — pays for myriad programs and services for all

Anyone who believes the 'government' is not 'us' needs a primary lesson in civics. All that lost revenue results in fewer services available to Canadians

Economics