Budget pulls tax levers to drive low-carbon shift
Government cuts fossil-fuel credits, offers new credits for critical mineral, carbon capture development
- By: James Langton
- April 7, 2022 April 7, 2022
- 20:25
Latest news in Industry News
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
- By: Melissa Shin, The Canadian Press
- April 7, 2022 January 17, 2023
- 20:23
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
- By: Rudy Mezzetta
- April 7, 2022 April 8, 2022
- 19:56
Large RRSP balances, Bill C-208 addressed in 2022 budget
The government plans to consult on how to allow "genuine" intergenerational share transfers
- By: Melissa Shin
- April 7, 2022 April 7, 2022
- 19:42
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
- By: Mark Burgess
- April 7, 2022 April 7, 2022
- 19:37
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
- By: Craig Wong, The Canadian Press
- April 7, 2022 April 8, 2022
- 17:55
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
- By: Jordan Press, The Canadian Press
- April 7, 2022 April 8, 2022
- 16:25
RBC CEO says “orderly transition” to net zero crucial
Dave McKay responded to criticism about the bank's climate strategy
- By: The Canadian Press
- April 7, 2022 April 7, 2022
- 14:51
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
- By: The Associated Press
- April 7, 2022 April 7, 2022
- 13:55
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
- By: Rudy Mezzetta
- April 7, 2022 April 7, 2022
- 12:17
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
- By: Daniel Calabretta
- April 5, 2022 April 5, 2022
- 17:19
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
- By: Adena Ali, The Canadian Press
- April 5, 2022 April 5, 2022
- 15:36
$4.8 billion in Canadian ETF net flows in March
Canadian ETFs concluded the first quarter of 2022 with $14 billion in flows
- By: Daniel Calabretta
- April 5, 2022 April 5, 2022
- 12:10
Metals market faces scrutiny after nickel disorder
FCA to review conditions that led to trading breakdown
- By: James Langton
- April 4, 2022 April 4, 2022
- 14:06
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
- By: Katie Keir
- April 1, 2022 April 1, 2022
- 14:03
CI agrees to buy US$11.4-billion Boston-based wealth business
Eaton Vance Investment Counsel provides wealth services to HNW, UHNW clients
- By: Rudy Mezzetta
- March 31, 2022 March 31, 2022
- 14:30
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
- By: Adena Ali, The Canadian Press
- March 31, 2022 March 31, 2022
- 14:15
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
- By: Rudy Mezzetta
- March 30, 2022 March 31, 2022
- 16:37
Ontario raises foreign homebuyer tax five points to 20%
Rebates remain for new permanent residents
- By: Holly McKenzie-Sutter
- March 30, 2022 March 30, 2022
- 10:16
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
- By: The Canadian Press
- March 29, 2022 March 29, 2022
- 15:11
Nova Scotia to introduce tax measures targeting non-resident property owners
Scarcity of lower-cost housing has emerged as an issue in the province
- By: IE staff, with files from Canadian Press
- March 29, 2022 March 29, 2022
- 14:31
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
- By: The Canadian Press
- March 29, 2022 March 29, 2022
- 14:02
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
Canada can hike oil, gas output by 300,000 barrels a day: Federal natural resources minister
The EU imported about 2.3 million barrels of oil per day from Russia in 2021.
- By: Mia Rabson, The Canadian Press
- March 25, 2022 March 25, 2022
- 16:22
Federal deficit was $75.3 billion for first nine months
The federal government brought in $314 billion in revenue but spent $360 billion from April 1, 2021 through January, 2022.
- By: The Canadian Press
- March 25, 2022 March 25, 2022
- 16:10