Prices at the grocery store rose 9.1% in sign of tricky balancing act ahead for central bank Published Jul 18, 2023 • Last updated 3 hours ago • 3 minute read A man shops for fruit at a produce market in Toronto. Photo by Peter J. Thompson/Financial Post The rise in consumer prices decelerated again in… Continue reading Inflation cools to 2.8% in June
Posthaste: Is income tax rate on the wealthy too high? A lot of Canadians seem to think so, poll suggests
More than half of Canadians say top personal tax rate should be 50% or less, but it exceeds that in all but two provinces Published Jul 18, 2023 • Last updated 8 hours ago • 5 minute read Wealthy Canadians are taxed at a combined income tax rate of more than 50 per cent across all… Continue reading Posthaste: Is income tax rate on the wealthy too high? A lot of Canadians seem to think so, poll suggests
Posthaste: Canada’s standard of living is falling behind the rest of the developed world
OECD predicts country will rank last in real GDP per capita growth until 2060 Published Jul 17, 2023 • Last updated 1 day ago • 5 minute read Canada is one of the few advanced economies that has not recovered its pre-pandemic standard of living. Photo by Peter J. Thompson/National Post Article content Good morning, Advertisement… Continue reading Posthaste: Canada’s standard of living is falling behind the rest of the developed world
FP Answers: What are the ins-and-outs of splitting RRIF income with a spouse to get the $2,000 tax credit?
For most people, it makes sense to convert enough of your RRSP to a RRIF and claim the pension tax credit Published Jul 14, 2023 • Last updated 11 hours ago • 4 minute read The pension tax credit is non-refundable, meaning you can’t reduce your income below zero and expect to get a tax refund… Continue reading FP Answers: What are the ins-and-outs of splitting RRIF income with a spouse to get the $2,000 tax credit?
Court backs CRA in rejecting Montreal couple’s $54,000 moving expense claim
Jamie Golombek: Moving closer to work isn’t enough to claim expenses Published Jul 13, 2023 • 5 minute read For eligible individuals, the costs of moving can be significantly defrayed by claiming a tax deduction for your moving expenses, but only if you meet certain conditions. Photo by Getty Images/iStockphoto Summer is a popular time… Continue reading Court backs CRA in rejecting Montreal couple’s $54,000 moving expense claim
More than 1,000 Canadians take CRA to court over CERB payments — and some win
‘The federal government just uses this system to rip people off’ Author of the article: The Canadian Press Darryl Greer Published Jul 12, 2023 • Last updated 2 days ago • 6 minute read Tressa Mitchell at a park near her home in Weyburn, Sask. Photo by Michael Bell/The Canadian Press In late 2021, Tressa Mitchell… Continue reading More than 1,000 Canadians take CRA to court over CERB payments — and some win
Jack Ma’s wealth drops $4.1 billion as Ant’s valuation slashed following China’s tech crackdown
Still country’s fifth-richest person, based on billionaire index Author of the article: Bloomberg News Venus Feng Published Jul 11, 2023 • Last updated 3 days ago • 2 minute read Jack Ma Photo by Marlene Awaad/Bloomberg Jack Ma’s fortune is dwindling further as a planned repurchase of shares reveals a much reduced valuation for Ant Group… Continue reading Jack Ma’s wealth drops $4.1 billion as Ant’s valuation slashed following China’s tech crackdown
Bank of Canada hikes interest rate to 5%
Central bank doesn’t see inflation returning to target until mid-2025 Get the latest from Barbara Shecter straight to your inbox Published Jul 12, 2023 • Last updated 1 hour ago • 3 minute read Bank of Canada governor Tiff Macklem speaks during a news conference in Ottawa on July 12 after the interest rate decision. Photo… Continue reading Bank of Canada hikes interest rate to 5%
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