Category Archives: Business
Budget 2022: Feds create new tax-free account for first-time homebuyers
OTTAWA — Canadians looking to save a down payment to buy their first home will have a new tax-free savings account to use starting next year. The federal government announced the Tax-Free First Home Savings Account (FHSA) in the budget Thursday
Budget 2022: Ottawa raising taxes on big banks and life insurance companies
Ottawa is raising taxes on Canada’s big banks and life insurance companies. The government says the country’s major financial institutions made significant profits during the pandemic and have recovered faster than other parts of the economy — in part...
Budget 2022: Ottawa unveils $2.6B carbon capture tax credit for energy sector
CALGARY — Ottawa is urging oil and gas companies to move quickly to take advantage of a major new tax credit for carbon capture and storage — a pricey technology that proponents say could play an important role in reducing
Budget 2022: Housing supply gets $10B boost; Feds add measures to curb speculation
TORONTO — The Liberal government will try to ease Canada's housing crisis with more than $10 billion in funding meant to speed up home construction and repairs along with measures to cool the market and help those trying to buy
Budget 2022: Flush from booming economy, Feds eye growth with $56B in new spending
OTTAWA — The federal Liberals have delivered a budget that looks to take advantage of a boom in economic growth that has padded federal books, and turn that extra spending space toward removing hurdles to long-term gains. However, experts cautioned tha...
China used TV, TikTok stars in discreet Olympics campaign
WASHINGTON (AP) — A “Real Housewives of Beverly Hills” TV star, a Paralympic swimmer and a self-described “brand king” were among the Instagram and TikTok influencers who were paid by Chinese officials for a discreet campaign that promoted the Beijing
UK Treasury chief pressured to explain wife’s tax status
LONDON (AP) — Britain’s Treasury chief faced pressure to explain his wife’s tax affairs Thursday after she acknowledged taking advantage of rules that allow many foreigners to escape U.K. taxes on their overseas income.
Biden bets strong job market will shield economy from slump
WASHINGTON (AP) — The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth.
Nations to release millions of barrels of oil amid war
PARIS (AP) — The International Energy Agency said Thursday that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since
Manhattan DA: Trump criminal investigation is continuing
NEW YORK (AP) — Rejecting suggestions he has lost interest in going after Donald Trump, the Manhattan district attorney said Thursday a criminal investigation into the former president and his business practices is continuing “without fear or favor” de...
