City Ottawa Financial News

23.04 / 07:24

economy Solomonic Experts show social Interviews Posthaste: Canadians are concerned about federal deficit, believe Ottawa is spending 'too much'

Most Canadians are worried about the federal deficit and feel that government spending is too high as Ottawa prepares to table its budget on Tuesday, according to new data from the Angus Reid Institute.

20.04 / 21:25

markets UPS security Universities inclusion Equality How capital gains tax changes could affect some family doctors

Ottawa’s proposed tax increases on some capital gains, announced in this week’s federal budget has some family doctors worried, as they warn the changes may affect their ability to save for retirement.

20.04 / 19:28

COST UPS Discover Department rights Updates Ottawa to force banks to identify carbon rebate by name in direct deposits

OTTAWA — Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault.

17.04 / 18:39

COST UPS FIVE economy pandemic reports Department Posthaste: 4 charts that tell you what you need to know about Canada's budget 2024

Prime Minister Justin Trudeau hit the trail to make a series of pre-budget announcements, mostly on housing, that left some wondering what was left to be said when the federal budget 2024 was released on Wednesday. It turned out, the Liberals still had some surprises in store for Canadians and businesses.

17.04 / 10:39

markets UPS Digital Aware Updates Relationships Why big banks and pension giants are likely breathing easier after the Liberal budget

Businesses and wealthy Canadians will be paying higher taxes but Canada’s largest banks and pension managers were most likely breathing a sigh of relief when they read Finance Minister Chrystia Freeland’s latest federal budget, which lays out next steps for competitive “open” banking and persuading pensions to invest more of their billions at home.

16.04 / 22:43

UPS security Charity inclusion reports donates Ottawa hikes capital gains tax, amends AMT rules in federal budget 2024

The federal budget released on Tuesday did not contain a general tax rate increase for the wealthy, but the government did announce that the capital gains inclusion rate will be going up and it amended the draft alternative minimum tax rules in response to concerns of the charitable sector.

16.04 / 22:43

COST UPS Provident FIVE community inclusion Canada budget 2024: The key highlights

OTTAWA — Finance Minister Chrystia Freeland introduced the 2024 federal budget on Tuesday. Some key highlights:

16.04 / 22:43

COST UPS economy Remark Opinion show Ottawa hikes capital gains tax to raise billions for housing

Canada will raise capital gains taxes on businesses and wealthy individuals to help pay for tens of billions in new spending aimed at making housing more affordable and improving the lives of young people.

15.04 / 17:01

UPS Action show Carbon rebate payments going out to some Canadians. Here’s what to expect

the finance ministry’s estimates, annual payment totals for 2024/25 for a family of four are $1,800 in Alberta, $1,200 in Manitoba, $1,120 in Ontario, $1,504 in Saskatchewan, $760 in New Brunswick, $824 in Nova Scotia, $880 in Prince Edward Island and $1,192 in Newfoundland and Labrador.The top-up for rural residents remains at 10 per cent for now, as the amendment to increase that top-up to 20 per cent has not yet passed the House of Commons.

13.04 / 05:13

Citi security WhatsApp wellness Universities testing Colleges NTA declares CUET-PG results, check toppers list here

National Testing Agency (NTA) declaring the CUET PG Result 2024 today, April 13, the agency has released a list of toppers as well. Candidates who have appeared for the Common University Entrance Test (Postgraduate) 2024 can check and download the CUET PG 2024 Result from the official website at pgcuet.samarth.ac.in. The NTA conducted the CUET PG 2024 between March 11 and 28, 2024 via a computer-based test (CBT) in 572 different centres located in 262 cities including nine cities outside India (Manama, Dubai, Kathmandu, Muscat, Riyadh, Ottawa, Abu Dhabi, Vienna, and Qatar) How to check CUET PG Result 2024:

12.04 / 17:11

COST FIVE Action economy Opinion fun NOT Opinion: The dirty, but not so little secrets of the federal carbon tax

By Dan Kelly

11.04 / 18:17

markets UPS FIVE CEO Dreams Experts Ottawa changing RRSP Home Buyers’ Plan, some mortgage amortization rules

The federal government has announced a series of measures to make it easier for first-time buyers to break into the housing market with changes to the Home Buyers’ Plan and amortizations on some mortgages.

11.04 / 15:41

COST economy Opinion Research PayDay Cycling Opinion: Budget a chance for Ottawa to reverse course on misguided lending cap

Tucked away in the depths of last year’s federal budget, the federal government outlined bold plans to crack down on payday lenders — but instead, they’ve gone after Canada’s non-prime lenders.

11.04 / 05:53

Citi Bill War innovations reports Schools Courts Alberta proposes legislation giving it gatekeeping role on federal funding

Alberta Premier Danielle Smith has introduced a gatekeeping law that would allow the province to veto any future deal struck between municipalities and the federal government.

09.04 / 17:23

UPS Provident Election community War rights Liberals launching $500M fund for youth mental health

Ottawa is setting up a $500-million fund to help community health organizations provide more mental health care to young people.

08.04 / 14:09

markets COST UPS Citi country cover reports Posthaste: Affording a home in Canada has never been tougher, with one city in 'full-blown crisis'

The latest edition of the Royal Bank of Canada‘s housing affordability measures makes for some grim reading.

08.04 / 14:09

COST UPS Fighting poverty country consequences International Frank McKenna: Alberta's pension plan gambit risks undermining a great Canadian achievement

By Frank McKenna

06.04 / 03:07

Election SPY country reports Investigations International India and Pakistan tried to interfere in Canadian elections, it's top spy agency claims

Government of India had tried to use its proxy agency in Canada in 2021, according to an unclassified summary written by the CSIS. Similarly, the Government of Pakistan had also attempted to “clandestinely influence" the Canadian politics in 2019, Canada's foreign intelligence agency wrote as quoted by cbc.ca. The documents submitted as part of the federal commission inquiry into foreign influence contain stark assessments — potential interference in Canada's elections by India, China, Russia, and other countries.

05.04 / 18:43

markets COST UPS FIVE Election Bill politician Budget 2024: Here’s what Canadians want from Ottawa

Canadians are mostly looking for help paying their bills in the 2024 federal budget, not investments in the military or clean energy transitions, according to polling released Friday.

05.04 / 00:31

markets COST UPS Action students Discrimination Schools ‘Pink tax’: Calls grow to scrap ‘unfair’ prices on women’s products

Some Canadian high school girls want to take their “pink tax” fight to the House of Commons, calling on the federal government to scrap an “unfair pricing practice” that research suggests discriminates against women.

02.04 / 20:27

UPS Target students country International Trudeau says temporary immigration needs to be brought ‘under control’

Justin Trudeau says the government wants to rein in the number of temporary immigrants coming to the country, saying the situation needs to be brought “under control.”“Whether it’s temporary foreign workers or whether it’s international students in particular, that have grown at a rate far beyond what Canada has been able to absorb,” Trudeau said at a housing announcement in Dartmouth, N.S.“To give an example, in 2017, two per cent of Canada’s population was made up of temporary immigrants. Now we’re at 7.5 per cent of our population comprised of temporary immigrants.

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