Category Archives: Finance
Another ‘unique’ tax-filing season opens in Canada amid pandemic challenges: CRA
OTTAWA — The Canada Revenue Agency will begin accepting income tax returns Monday, marking the official start of tax-filing season. The agency cautions it will be another "unique" tax period as it continues to face challenges due to the COVID-19 pandem...
New leaked data shows most donors to ‘Adopt-a-Trucker’ GiveSendGo page were Canadian
OTTAWA — A new data leak shows that about 60 per cent of donors to an "Adopt-a-Trucker" page on the online fundraising platform GiveSendGo were Canadian and 37 per cent were American. About US$540,000 was raised on the page to support
Feds go after blockade financing with expanded Fintrac powers, directions to banks
OTTAWA — The federal government is broadening the scope of anti-money laundering rules and directing banks to cut off services to those suspected of aiding the trucker protesters as it looks to put an end to what it says are
Canadians donated most money to convoy protests through GiveSendGo: alleged leak
OTTAWA — A transparency group says it has received information on donors to antigovernment protests after a major fundraising platform was reportedly hacked, and an analysis of the data suggests Canadians contributed the largest amount of money to the ...
Top tips to trim your tax bill and beef up your returns before the end of 2021
HALIFAX — The clock is ticking on 2021 but financial experts say there's still time to trim your tax bill and beef up your return with these simple steps. Whether you're a student scraping by or an investor with sky-high returns,
Drought, wildfires, COVID-19 drives up deficit in Saskatchewan to $2.7B
REGINA — Recent drought and wildfires and the COVID-19 pandemic have heavily contributed to a rise in Saskatchewan's deficit. The government has released its mid-year financial report that shows a deficit of $2.7 billion, which is an increase of $97
New Brunswick fiscal update projects $89.1-million surplus due to higher revenues
FREDERICTON — New Brunswick's government is projecting that the fiscal 2021-22 year will end in a $89.1-million surplus instead of the $244.8-million deficit that had been estimated in the last budget. Finance Minister Ernie Steeves released the provin...
Health spending, roads and “staycations”: highlights from Ontario’s economic update
Here's a look at some of the highlights of Ontario's fall economic update released Thursday: HEALTH SPENDING Home care: $548.5 million to help patients recover at home and support people with complex health conditions. Long-term care: $57.6 million fo...
Canada’s climate plan gets good grade as Trudeau heads to summits in Europe
OTTAWA — A new analysis suggests the Liberal climate plan could meet Canada's greenhouse gas emissions targets for the first time before the end of this decade. The study by Clean Prosperity published Thursday could give some heft to Prime Minister
Ontario public accounts show spending increase, relief from COVID supports
TORONTO — Ontario reported a record spending increase in the first fiscal year of the pandemic but that figure was still lower than anticipated, prompting criticism the government held back funds that could have helped the fight against COVID-19. The p...