6 d. ago 'If they don't know, that's really scary:' B.C. Conservatives take aim at NDP over loss of carbon tax revenue

Finance critic Peter Milobar said debate on budget estimates should be paused until province shows how it will make up $1.8 billion loss.

Economics

6 d. ago Internal Revenue Service agrees to send immigrant tax data to ICE for enforcement

WASHINGTON (AP) — The Internal Revenue Service has agreed to share immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S., according to a document signed by Treasury Secretary Scott Bessent and Department of Homeland Security Secretary Kristi Noem. The new data-sharing arrangement was signed […]

Economics

1 week ago Hochul Says Trump’s Tariffs Are Already Hurting New York Economy

President Donald Trump’s sweeping tariff push is already hitting New York’s economy, with falling Canadian tourism and cross-border shopping driving down sales tax revenue, Governor Kathy Hochul said.

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

2 w. ago All the ways Canadians can vote in the upcoming federal election

Voting season is about to kick off after Prime Minister Mark Carney called a snap federal election in Canada.On Sunday, Governor General Mary Simon agreed with Carney's request to dissolve parliament and call an election amid heightened tensions with the United States.The election in Canada will take place on Monday, April 28. With Canadians heading to the polling stations soon, here are all of the ways you can vote.Vote on election day in CanadaCanadians can vote on April 28 at their assigned polling station. You can register to vote in advance or at the polls.One way to register in advance is by checking "yes" to the question in the Elections Canada section in your Canada Revenue Agency tax return.The second way is to register online using the Online Voter Registration Service. You'll be asked to include your name, address, date of birth, and gender. The site also allows you to check if you're already registered and allows you to update your address.Once registered, keep an eye ou...

Politics

2 w. ago North Carolina government makes big tax revenues quickly from first year of sports betting

RALEIGH, N.C. (AP) — North Carolina government cashed in early when it came to reaping fiscal benefits from authorized sports wagering in the ninth-largest state. A report presented Wednesday to the North Carolina State Lottery Commission, which regulates the betting, says the state expects to have collected $131.3 million in taxes from sports betting operations […]

Sport

3 w. ago Canadian Jewish charity stripped of status fights CRA over potential multi

The Ne’eman Foundation had its charitable status stripped in August 2024 and was accused by the Canada Revenue Agency of several Income Tax Act infractions

Other

4 w. ago B.C.’s consumer carbon price is dying. How will the province make up the revenue?

The B.C. government faces a $1.8-billion hole in its budget with the end of the consumer carbon tax, but experts say new opportunities may help balance the challenges.

Economics

4 w. ago Canadian families can expect payout of hundreds of dollars this week

If you are eligible to receive child tax payments from the Canada Revenue Agency (CRA), check your account on Thursday.The third instalment of the Canada Child Benefit (CCB) payments is due on March 20.In July 2024, with the beginning of the new benefit year, the government of Canada increased child tax payments by 4.7 per cent. Under this, the maximum benefit for children under six grew from $7,437 to $7,787, and for kids aged six to 17, it increased from $6,275 to $6,570.Another boost to these deposits will come when the next benefit year begins in July 2025, but it won’t be as substantial as the last. The CRA says parents can anticipate a 2.7 per cent bump.On July 1, the annual base benefit for kids under six will increase from $7,787 to $7,997 ($666 monthly) and from $6,570 to $6,748 ($562 monthly) for kids aged six to 17 until June 2026.Starting at the same time, the annual child disability benefit (CDB) increases from $3,322 to $3,411. These amounts are tax-free.Provinci...

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