4 h. ago Some Canadians receiving increased GST credit payments next month

Some Canadians can expect to receive an increase in GST credit payments from the federal government soon.The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is a tax-free quarterly payment, but this time it will include a 2.7 per cent increase.According to the government, the credit payment aims to help families with low and modest incomes offset the taxes they pay.If you’re eligible, you'll see the new amount in your bank account on Friday, July 4.Who's eligible for the payment?The government says you're generally eligible for the payment if you're at least 19 years old and a Canadian resident for income tax purposes a month before the Canada Revenue Agency (CRA) makes the payment at the beginning of the month.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...

Economics

5 d. ago Credit rating agency says Manitoba’s recent tax changes outweigh affordability offers

The Manitoba government is expected to use more "revenue levers," similar to its recent income and property tax changes, as part of its plan to reduce the deficit.

Economics

7 d. ago Ontario residents will get payouts from the government this week

Ontario residents may want to check their bank accounts this week, as the monthly Ontario Trillium Benefit (OTB) payments are scheduled to be distributed.Eligible Ontario residents who are registered to receive the payment can expect to see the deposit in their bank account on Tuesday, June 10.Payments are usually issued on the 10th of the month; however, if payment dates fall on a weekend or bank holiday, payments are deposited on the last working day before the 10th.Are you eligible for the Ontario Trillium Benefit?The OTB is a tax-free combination of three payments: the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit.You must be eligible for at least one of the payments to receive monthly payments.You could get a maximum of $1,283 for the Ontario Energy and Property Tax Credit if you're between 18 and 64 years old, $1,461 if you are 65 or older, $285 if you live on a reserve or in a public long-term care home, and $...

Politics

7 d. ago Belgravia Hartford Announces Update on Bitcoin Purchases and Tax Loss Credits

TORONTO — BELGRAVIA HARTFORD CAPITAL INC. (CSE:BLGV)(OTC:BLGVF)(FRA:ECA) (“Company” or “Belgravia”) is pleased to announce it has completed the first purchase transaction of the Company’s Bitcoin (“BTC”) treasury strategy as well as other corporate developments. Bitcoin Purchase As previously announced on May 28 and June 4, 2025, Belgravia has agreed to a credit facility (“Facility”) of […]

Economics

1 week ago Elon Musk Urges Americans Take Action to ‘Kill’ Trump Tax Cut Bill

Elon Musk is on a mission to block President Donald Trump’s tax bill after he tried — and failed — to convince Republican lawmakers to preserve valuable tax credits for electric vehicles in the legislation, according to a person familiar with the matter.

Economics

1 week ago Lobbyists Blitz Senate to Save Billions in Energy Tax Credits

A coalition of clean energy trade groups are launching a lobbying blitz to convince the Senate to save billions of dollars in clean energy incentives set to be gutted by House-passed legislation.

Economics

3 w. ago GOP Tax Bill Revisions End Clean Energy Credits Years Earlier

Tax incentives for clean electricity production are set to end years earlier then initially proposed in a new version of the giant tax and spending bill released by House Republicans on Wednesday night.

Economics

3 w. ago Manitoba government says it’s working to get promised tax credit to homeowners

The Manitoba government faced more questions about its property tax reforms Tuesday after some homeowners did not receive a promised $1,500 credit on their annual bill.

Economics

3 w. ago IRS nominee who sponsored legislation to abolish the agency faces pointed questions

WASHINGTON (AP) — A former congressman who sponsored legislation to abolish the IRS and is now the nominee to lead that agency faced pointed questions from senators Tuesday about his past promotion of questionable tax credits, his lack of background in tax administration and the political contributions he received after being picked to lead the […]

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