23 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

6 d. ago What’s targeted in Trump’s request for $9.4 billion in budget cuts from Congress

WASHINGTON (AP) — President Donald Trump is looking to cancel $9.4 billion in spending already approved by Congress. That’s just a sliver of the $1.7 trillion that lawmakers OK’d for the budget year ending Sept. 30. The package of 21 budget rescissions will have to be approved by both chambers of Congress for the cuts […]

Economics

7 d. ago Opinion: Most Canadians don’t support taxpayer subsidies for LNG

Opinion: There is new interest in liquified natural gas as a “nation-building” project but LNG isn't a good use of tax dollars, nor one supported by Canadian taxpayers.

Economics

8 d. ago Speaker of U.S. House of Representatives downplays Musk’s influence on Trump’s tax and budget bill

The Republican House leader said Musk's criticism of the GOP's massive tax and budget policy bill will not derail the measure.

Economics

8 d. ago Mike Johnson downplays Musk’s influence and says Republicans will pass Trump’s tax and budget bill

With an uncharacteristically feistiness, Speaker Mike Johnson took clear sides Sunday in President Donald Trump’s breakup with mega-billionaire Elon Musk. The Republican House leader and staunch Trump ally said Musk’s criticism of the GOP’s massive tax and budget policy bill will not derail the measure, and he downplayed Musk’s influence over the GOP-controlled Congress. “I […]

Politics

8 d. ago Trump’s tax and budget bill was written for ‘hardworking Americans, not ‘to please’ Musk: Mike Johnson

The House speaker hit back at the tech mogul's attack on the Big, Beautiful Bill and says Congress won't cave to his pressure to vote against it

Politics

1 week ago OPINION: Governments’ poor fiscal management raising Canadians’ tax burden

To pay for today's debt accumulation, future generations of Canadians may face higher taxes.

Politics

1 week ago GOLDSTEIN: Tax Freedom Day is Sunday, June 8, when Canadians finally start working for themselves: report

Tax Freedom Day — when Canadians stop working for the government in order to pay their taxes and start working for themselves — will arrive on Sunday, June 8 this year, according to a new study by the Fraser Institute.  “If Canadians paid all their taxes up front, they would work the first 158 days of this […]

Economics

1 week ago EISEN and HILL: Smith government should reintroduce single income tax to drive economic growth

At $75,000 in income, Albertans still face the ninth-highest combined (federal and provincial) income tax rate out of 61 Canadian provinces and U.S. states.

Politics

2 w. ago Even more people now have access to Canadian Dental Care Plan

Even more people are able to apply to the Canadian Dental Care Plan (CDCP) starting Thursday.The program, which was implemented in 2023, aims to lower dental costs for Canadians earning less than $90,000 a year.According to the federal government, the dental plan will help up to nine million uninsured people get access to oral health care.Earlier this month, Canadians ages 18 to 34 were able to apply for the CDCP. That age range expands on Thursday, May 29, to those aged 35 to 54.A notice from the government states that it will send letters to Canadian residents aged 18 to 64 who could be eligible for the CDCP based on their 2024 adjusted family net income.Eligible Canadians who have filed their 2024 tax returns and received their notice of assessment from the Canada Revenue Agency (CRA) can apply once applications open up for their age group, even if they haven't received the letter.Already covered by the dental care plan? Don't forget to renew for the 2025 to 2026 period b...

Transport

2 w. ago Will Trump’s budget bill tax Canadians more? What to know about fears

Canadian investors are sounding the alarm as U.S. President Donald Trump seeks to get his spending bill passed, some experts are concerned it will mean paying more in taxes.

Economics

3 w. ago How Trump’s ‘big beautiful bill’ could become a big headache for corporate Canada and investors

The legislation could upend decades of favourable U.S. tax treatment enjoyed by Canada's largest companies and pension funds

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