2 d. ago Canadians can expect April tax benefit payments earlier than usual

Eligible families can expect to get Canada's child tax benefit a little earlier this month.The monthly Canada Child Benefit (CCB) payment usually comes on the 20th of each month unless it lands on a weekend or statutory holiday.April 20 is a Saturday, and April 18 is Good Friday, so parents will get CCB deposits three days early on the 17th.The Canadian government increased the child tax payments by 4.7 per cent in July 2024, which was the beginning of the new benefit year. 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.Families can look forward to another increase in the child tax benefit payment in July 2025, but it will not be as big as last year's raise.The Canada Revenue Agency (CRA) says parents can expect a 2.7 per cent bump, bringing the annual base benefit for children under six from $7,787 to $7,997 ($666 monthly) and from $6,570 to $6,748 ($562 monthly) for child...

Economics

6 d. 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

7 d. ago Rare greenhouse gas law in Southern state could get pulled back by GOP legislators

RALEIGH, N.C. (AP) — North Carolina Republican lawmakers and the Democratic governor worked together in 2021 to enact a rare energy law in the South that sought to sharply reduce power plant emissions by 2030 and ultimately reach carbon neutrality. “Today, North Carolina moves strongly into a reliable and affordable clean energy future,” then-Gov. Roy […]

Other

8 d. ago B.C. ends its carbon tax on consumers after marathon debate in legislature

The NDP government fast-tracked legislation in an effort to kill off the tax on Monday, in time to coincide with today's demise of the federal version of the tax, but it was 1:30 a.m. before it finally passed its third reading in the legislature.

Economics

9 d. ago Saskatchewan’s 6% PST on Vaping Undermines Harm Reduction, Fuels Illicit Market

New Vape Tax Puts Public Health at Risk Ottawa, ON, March 31, 2025 (GLOBE NEWSWIRE) — Last week, the Saskatchewan government announced it will remove the 6% provincial sales tax (PST) exemption on vaping products, effective June 1, 2025. As the national voice for the vaping industry, the Canadian Vaping Association (CVA) is deeply concerned […]

Other

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

2 w. ago Saskatchewan government introduces bill to apply sales tax on vaping products

The Saskatchewan government has introduced legislation that would apply the provincial sales tax of six per cent to vaping products.

Politics

2 w. ago Wildfires prompt evacuations and emergency declaration in Carolinas

Wildfires forced a mandatory evacuation in one North Carolina county as emergency crews fought separate fires in an area of the state still recovering from Hurricane Helene, while South Carolina’s governor declared an emergency in response to a growing wildfire. The North Carolina Department of Public Safety announced a mandatory evacuation starting at 8:20 p.m. […]

Events

2 w. ago North Carolina justices decide family can sue over unwanted COVID

RALEIGH, N.C. — A North Carolina mother and son can sue a public school system and a doctors’ group on allegations they gave the boy a COVID-19 vaccine without consent, the state Supreme Court ruled on Friday, reversing a lower-court decision that declared a federal health emergency law blocked the litigation. A trial judge and […]

Events

2 w. ago Prime Minister Carney to scrap taxes on certain home sales in Canada

Prime Minister Mark Carney has announced a bold new policy to eliminate the federal government's Goods and Services Tax (GST) on home sales up to $1 million for first-time homebuyers, aiming to make housing more affordable for younger Canadians.Eliminating the GST on home sales up to $1 million could make housing more affordable by saving buyers up to $50,000 in federal sales taxes. It may also stimulate the housing market by increasing sales and encouraging new construction, providing a boost to the economy."Our government is laser-focused on lowering costs for Canadians and making homeownership a reality. Eliminating the GST will save first-time homebuyers up to $50,000 and spur housing construction across the country," said Carney in a statement on Thursday."We will announce a series of new measures to increase housing supply shortly. It's time for focused action to solve the housing crisis, and it's time to build a Canada you can afford."This will apply to all new and "substanti...

Politics

3 w. 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

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

3 w. ago Annual inflation rate jumps to 2.6% in February with tax holiday end: StatCan

OTTAWA — The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday. That marks a sizeable jump from the 1.9 per cent increase seen in January, when Canadians saw GST and HST taken off a variety […]

Economics

3 w. ago Ford government to make gas tax cut permanent despite carbon tax change

During the election campaign, the Progressive Conservatives promised to make the gas tax discount permanent — a policy the party says it will follow through on.

Politics

3 w. ago IPG Facilities Achieve True Silver Certification for Zero Waste Efforts

Carrollton, TX, Everetts, NC, and Tremonton, UT plants recognized for outstanding waste diversion rates SARASOTA, Fla., March 17, 2025 (GLOBE NEWSWIRE) — IPG (itape.com), a global provider of packaging and protective solutions, today announced that its facilities in Carrollton, Texas, Everetts, North Carolina, and Tremonton, Utah, have been awarded Silver certification under the TRUE (Total […]

Other

3 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...

Other

3 w. ago End of federal tax holiday in February expected to lift inflation: Economists

OTTAWA — Economists are expecting the annual rate of inflation accelerated in February as the federal government’s temporary tax break came to an end mid-month. Statistics Canada is set to release February inflation figures on Tuesday. Economists polled by Reuters expect the annual inflation rate rose to 2.2 per cent last month, up from 1.9 […]

Economics

3 w. ago ‘They just have a lousy president,’ B.C. premier says of United States

Earlier this week, Eby’s government introduced legislation that would tax trucks and vehicles using B.C.s infrastructure to travel to Alaska.

Other

3 w. ago Bill Belichick’s girlfriend says she’s ‘popping’ his ‘cherry’ in recent post

Bill Belichick is known as a control freak in football circles, so we wonder how he feels about his girlfriend’s most recent cheeky post. Belichick, 72, the head football coach at the University of North Carolina and longtime coach of the New England Patriots, and Jordon Hudson, 23, are a couple despite the NFL legend […]

Other

3 w. 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