taxes

Federal government in good financial shape, provinces not so much: PBO

Feb 27, 2020 | 12:05pm

OTTAWA — Parliament’s budget watchdog says the federal government has room to increase spending and still remain financially sustainable over the long run, though the same can’t be said for many provinces. In a new report, parliamentary budget officer Yves Giroux says based on current policies and programs, the federal government could permanently increase spending […]

New Year means new taxes and increases

Jan 1, 2020 | 1:33pm

The new decade has arrived and with it means some changes as some things are going up. Regina City Council called for a property tax increase of 3.25 percent which is the lowest increase in a decade.  It means your tax bill is going up by just over $67 a year. There is also a […]

Lower taxes, new RRSP rules and digital news tax credit among 2020 changes

Dec 31, 2019 | 1:30pm

Federal tax changes coming into effect Jan. 1 will lower taxes for most Canadians and also impact retirees, recently separated individuals who want to use their retirement savings to buy a home and digital news consumers. The basic amount most Canadians can earn tax-free is going up on Jan. 1, resulting in slightly lower federal […]

Data suggests average carbon-tax rebates are lagging federal estimates

Jun 8, 2019 | 6:00am

The federal government has returned $1.75 billion in carbon-tax rebates to more than eight million Canadian families, the Canada Revenue Agency says. As of June 3, 8,022,780 families had claimed the rebate, the federal tax agency said Friday. Families in Saskatchewan, Manitoba, Ontario and New Brunswick are eligible for the “climate action incentive,” which is […]

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