4 h. ago Duelling income tax cuts: What you need to know about the election’s first key promises

Are Canada’s lowest-income filers being left out of the benefits?

Politics

25 h. 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

26 h. ago Tories tout 15% income tax cut during Brampton campaign stop

Tory plan promises typical two-income family with nearly $2,000 in annual savings

Economics

33 h. ago Canada’s Poilievre Promises Deeper Income Tax Cut Than Carney

Canadian Conservative Leader Pierre Poilievre is promising a deeper income tax cut than Liberal Leader Mark Carney, as the two politicians battle to attract affordability-minded voters in a tight election race.

Economics

35 h. ago Poilievre proposes tax cut to save ‘modest income’ families about $1,800 per year

In a video posted early on Monday morning, Poilievre described taxes as 'the fine you pay for the crime of working hard'

Economics

35 h. ago Poilievre promises income tax cut and to ‘spell out’ spending cuts in platform

In a video posted early on Monday morning, Poilievre described taxes as 'the fine you pay for the crime of working hard'

Economics

5 d. ago Indigenous agency's staff face big income tax bills over mix

Potentially hundreds of current and former employees of a London Indigenous organization face up to 10 years of income tax bills after learning they don't qualify for a federal tax exemption.

Economics

5 d. ago Indigenous agency's staff face big income tax bills due to mix

Potentially hundreds of current and former employees of a London Indigenous organization face up to 10 years of income tax bills after learning they don’t qualify for a federal tax exemption. The employees believed Canada’s Indian Act exempted them from paying income tax, but their employer, Atlohsa Family Healing Services, recently learned that’s not the […]

Economics

6 d. 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

1 week 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

3 w. ago Canagold Resources Ltd. Announces Closing of $3.22M Charity Flow Through Financing

VANCOUVER, British Columbia — Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) (the “Company” or “Canagold“), is pleased to announce it has closed a charity flow-through financing. The Company issued 9,200,000 common shares of the Company (each a “FT Share”) that qualify as flow-through shares for the purposes of the Income Tax Act (Canada) […]

Economics

3 w. ago Protect Canadian unity ‘through the protection of its media,’ industry execs say

The coalition wants the feds to help the industry by closing what it describes as a loophole in the Income Tax Act

Other

3 w. ago Albertans to get promised tax cut in Budget 2025 — here's what it means

Albertans can expect to see a tax cut starting this summer after the government released Budget 2025 on Thursday. The income tax cut, which was promised during the spring 2023 election, is being introduced amid a projected $5.2-billion deficit for the fiscal year, with future deficits of $2.4 billion and $2 billion expected in the […]

Economics

3 w. ago Premier Danielle Smith talks about budget’s income tax cuts for Albertans

The tax break was first promised in the 2023 election, and could save individuals up to $750 per year.

Economics

3 w. ago Tax cuts, increases, tariff uncertainty highlight 2025 Alberta budget

The Alberta government's 2025/26 budget includes an income tax break for Albertans, but also increases in some other taxes and fees amid uncertainty over U.S. tariffs.

Economics