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business owner with open sign

Budget gives businesses greater access to small business rate

But with no adjustment to the passive income rules, some companies will remain shut out

Ottawa to review crypto, CBDC

Budget promises examination of digitalization, single complaint-handling body

Canadian Parliament in Ottawa

Budget pulls tax levers to drive low-carbon shift

Government cuts fossil-fuel credits, offers new credits for critical mineral, carbon capture development

Low angle view of Skyscrapers in downtown Toronto during the day

Feds set bank, insurer surtax at 1.5% for profits over $100M

Financial institutions will also have to pay a one-time Canada Recovery Dividend on 2021 taxable income over $1B

Miniature House on A Financial Graph

Feds propose anti-flipping tax to cool housing prices

Profits on sale of residential property held for less than 12 months would be taxed as business income

Large RRSP balances, Bill C-208 addressed in 2022 budget

The government plans to consult on how to allow "genuine" intergenerational share transfers

Canadian Parliament in Ottawa

Liberals to bring in new minimum tax on top earners

The measure would target those among the top 0.5% not paying their “fair share” of taxes

New tax-free account for first-time homebuyers

The accounts will have a $40,000 lifetime limit on contributions and an annual contribution limit of $8,000

parliament hill

Feds eye growth with $31B in new spending

To pay for some of the spending, the government is rolling out a tax on excess profits at banks and lifecos

Modern office building close up in sunlight

RBC CEO says “orderly transition” to net zero crucial

Dave McKay responded to criticism about the bank's climate strategy

Yellen calls for crypto regulation to reduce risks, fraud

In a speech on Thursday, the U.S. Treasury Secretary also advocated for maintaining the dollar's prominence

CI announces plan to sell part of its U.S. wealth business via IPO

The firm's U.S. assets are expected to reach US$133 billion on closing of recent deals

When is the best time to take CPP and OAS?

Advisors need to consider several aspects, such as life expectancy and whether the client will spend or invest CPP and OAS

Scotiabank shareholders raise ESG concerns at AGM

CEO's prepared remarks at the meeting included criticism of the proposed federal bank surtax, which is expected in Thursday's budget

A three-dimensional composition, a red arrow, breaks through the brick wall and can be used in any design

$4.8 billion in Canadian ETF net flows in March

Canadian ETFs concluded the first quarter of 2022 with $14 billion in flows

Metals market faces scrutiny after nickel disorder

FCA to review conditions that led to trading breakdown

a man pushing a giant ball while others push squares

TDAM’s new CIO is ready to tackle tough markets

With the firm's growing suite of offerings, now is an "exciting" time to assume the role, David Sykes says

CI agrees to buy US$11.4-billion Boston-based wealth business

Eaton Vance Investment Counsel provides wealth services to HNW, UHNW clients

RBC signs $2.6-billion deal to buy U.K.-based wealth management firm

Brewin Dolphin has more than 30 offices in Britain and Ireland

Toronto real estate

The Liberals plan to review tax treatment of REITs. Will this help renters?

Targeting REITs and other large owners of residential real estate such as life companies and pension plans might disincentivize investment, one expert says

Home for sale with red and white real estate sign during the fall season. Fall season with leaves on ground. Front porch and windows in background. Residential neighborhood. Moving house, relocation concept. Realtor putting up signs.

Ontario raises foreign homebuyer tax five points to 20%

Rebates remain for new permanent residents

Parliament Hill in Ottawa - Ontario, Canada

Federal budget to drop April 7

The budget is expected to include new social programs promised as part of the Liberals' agreement with the NDP

Nova Scotia to introduce tax measures targeting non-resident property owners

Scarcity of lower-cost housing has emerged as an issue in the province

cryptocurrencies

Canadian crypto industry launches Web3 council and push for regulation

The council's first priority is to advocate for a national strategy for cryptocurrency and digital assets

white house in washington dc

Biden’s budget plan includes 20% minimum tax on households worth $100 million or more

New tax on the ultra wealthy would include ``unrealized gains''

  • By: Josh Boak
  • March 28, 2022 March 28, 2022
  • 13:22