32 h. ago Toronto Residents Say City’s Reliance on Land Transfer Tax Is Fueling the Housing Affordability Crisis

New polling shows growing frustration as Council considers yet another MLTT hike TORONTO, Dec. 04, 2025 (GLOBE NEWSWIRE) — As Toronto City Council considers a proposal to increase the Municipal Land Transfer Tax (MLTT) on higher-value homes, new Ipsos polling conducted for the Toronto Regional Real Estate Board (TRREB) shows that 416 residents are deeply […]

Economics

47 h. ago Council finally approves 2026 budget, outlining 1.64 per cent tax hike

Mayor Jeromy Farkas said for the average homeowner, the tax increase will be $103 less than the budget originally proposed, down from a $13.11 monthly increase to $4.50

Economics

48 h. ago King’s College facing $1.8M deficit as foreign student enrolment drops, costs rise

HALIFAX — The president of University of King’s College says the school needs to change how it operates as it faces a $1.8-million deficit. If nothing changes, the number of years remaining before the Halifax university runs out of money is in the “single digits,” president Bill Lahey said in an interview Wednesday. Rising salaries […]

Economics

51 h. ago Maple Leafs not the only Atlantic Division team already feeling early season pressure

In case you thought the Maple Leafs’ autumn affliction was a local strain of ‘Atlanticus Horribilis,’ just look around. The seaboard is full of flip-flopping franchises, save for Tampa Bay, which lost Tuesday and thus has only a single-digit point separation (nine) from last-place Florida. Those good folks at NHLStats confirmed our diagnosis that division […]

Other

54 h. ago Canadians could see federal income tax bracket change in 2026

Slight changes to tax brackets are proposed to keep inflation in check as consumer prices remain high

Economics

3 d. ago TRREB Statement on Proposed Increase to Toronto’s Land Transfer Tax on Higher Value Homes

TORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) — Municipal land transfer taxes (MLTTs) hurt the Canadian dream of home ownership by taking thousands of dollars out of home buyers’ pockets. With average home prices in the City of Toronto exceeding $1 million, the Toronto MLTT adds over $17,000 to the upfront closing cost of buying a […]

Economics

3 d. ago Calgary city council makes cuts to proposed property tax increase

The budget proposed an overall property tax increase of 3.6 per cent, but Calgary city council has whittled that down to 1.18 per cent so far.

Economics

3 d. ago Regina mayor eyes ‘pathway to single digits’ for proposed 15.6% tax hike

Regina mayor Chad Bachynski says he's hoping city council can find a way to whittle its record-high budget of 15.6% to single-digits in advance of budget talks later this month.

Economics

4 d. ago 'It's a balancing act': Council approves proposal to allocate projected investment income to help reduce tax hike

The city is projecting $253 million in investment income next year and council voted to put $50 million towards public safety initiatives

Economics

4 d. ago Caledonia Mining Corporation Plc: Proposed Changes to Royalty and Tax Regimes in Zimbabwe

ST HELIER, Jersey, Dec. 01, 2025 (GLOBE NEWSWIRE) — Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN, AIM and VFEX: CMCL) notes the proposed changes announced to the royalty and tax regimes, as they apply to gold miners, in the Republic of Zimbabwe’s 2026 National Budget presented by the Minister of Finance, the […]

Economics

1 week ago Keith Gerein: Despite another grim city budget, Edmonton may be closer to ending its financial funk

Though it’s hard to see, there is a hint of sunlight glimmering behind what otherwise appears to be another gloomy Edmonton city budget. The biggest dark cloud in the way is obviously the proposed 6.4 per cent tax hike for 2026, which comes on the heels of 5.7 per cent and 8.9 per cent increases, respectively, in the last two years. That’s tough for […]

Other

2 w. ago London city budget: Citizens weigh in as proposed 3.6% tax hike looms

Ahead of formal budget talks later this week, 21 Londoners visited city hall on Tuesday to let politicians know their thoughts on the London’s 2026 budget update. LFP’s Jack Moulton reports. WHERE DO THINGS SIT NOW? As of the release of Mayor Josh Morgan’s 2026 budget update, Londoners are faced with a 3.6 per cent […]

Economics

3 w. ago Wendy’s to close hundreds of US stores in bid to halt falling profit

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit. The Dublin, Ohio-based chain said during a conference call with investors Friday that it planned to begin closing restaurants in the fourth quarter of this year. The company said it expected a “mid-single-digit percentage” of its […]

Other

3 w. ago Calgarians optimistic about city’s future, question value for tax dollars ahead of budget

Mayor Jeromy Farkas wants to cut the proposed property tax increase by "at-least half," as new data shows just 42 per cent of Calgarians feel they get good value for their taxes.

Economics

4 w. ago Saskatoon city council proposes 8.23% property tax hike for next year

Saskatoon's city council announced Thursday a potential 8.23-per cent property tax increase to help balance next year's budget, with police asking for a $12.5 million increase.

Economics