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Expect movement on electric vehicle tax credit proposal, says key democratic congressman
After a closed-doors meeting with Prime Minister Trudeau, U.S. Rep. Brian Higgins tells Power & Politics there could be some room to negotiate an exemption for Canada under Biden's proposed EV tax credit.
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Trudeau says Canada wanted a more ambitious climate plan at G20 summit
Prime Minister Justin Trudeau says progress was made at the G20 summit in Rome, but noted that Canada was among the countries that left wanting a more ambitious plan to tackle climate change.
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NYT Piece Claims Silicon Valley Investors and Founders Contorted Legal Tax Break to Avoid Taxes on Investment Profits
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows...
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What to do if you've been locked out of your CRA account
The Canada Revenue Agency says 800,000 taxpayers will be locked out of their online accounts tomorrow after an investigation revealed that some usernames and passwords have been obtained by "unauthorized third parties."
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Trudeau announces changes to how the CERB benefit is repaid
Prime Minister Justin Trudeau spoke with reporters outside Rideau Cottage on Tuesday.
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EU plans tax overhaul to shore up post-lockdown economy
Brussels wants to introduce a string of measures to cut down on corporate tax evasion and help shore up the economic recovery. It aims to: remove obstacles to registering, declaring and paying tax; use new technologies to increase...
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Apple Wins in EU Tax Ruling
Apple wins its $15 billion EU tax dispute after it was found that the European Commission was unable to prove terms of Ireland's deal with the tech giant.
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Apple ruling: Tax battle is 'a marathon not a sprint,' says EU's competition chief Vestager
Apple's win over the EU won't stop officials probing tax deals, says the EU's competition chief Margrethe Vestager. Brussels was dealt a blow on Wednesday when the union's second-highest court ruled the tech giant did not have to pay €13...
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How the pandemic could shape Canada's future economy
One of the U.S.'s big three credit agencies, Fitch Ratings, has downgraded Canada's credit rating to AA+ from AAA, citing the federal government's move to borrow about a quarter of a trillion dollars to prop the economy up during the...
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Tax ‘excess profits’ to help with COVID-19 recovery, says NDP
NDP Leader Jagmeet Singh is calling on the government to tax the excess profits of companies that have increased their wealth during the COVID-19 pandemic.
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Singh questions Trudeau on bailing out tax avoiding corporations
NDP Leader Jagmeet Singh and Prime Minister Justin Trudeau attended a special COVID-19 meeting of the House of Commons
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Scheer proposes no tax hikes and a virtual Commons to hold government to account
Opposition Leader Andrew Scheer spoke to reporters in Regina on Friday
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Scheer calls for tax relief for small and medium sized businesses
Opposition Leader Andrew Scheer spoke to reporters from Regina on Wednesday.
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Why Preston Manning is worried about Canada | The Weekly with Wendy Mesley
Former Reform Party leader Preston Manning sits down with The Weekly to discuss the future of Canada’s Conservative Party, and why he thinks so many politicians are getting it wrong.
Press Association
Chancellor launches The Better Futures Fund
Chancellor Rachel Reeves and Culture Secretary Lisa Nandy join a Lego therapy session at Westleigh Methodist Primary School as they launch The Better Futures Fund, which will support 200,000 vulnerable children, young people, and their...
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No go for 'no tax on tips' in Canada, economists say
The idea of "no tax on tips" is one that is appealing to both sides of the political spectrum in the U.S. But economists here in Canada warn it's an idea that isn't worth importing here.
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U.S. commerce secretary thanks Canada for removing 'deal breaker' digital tax
In a social media post, U.S. Commerce Secretary Howard Lutnick thanked Canada for rescinding the Digital Services Tax on American tech companies, saying such a tax was a 'deal breaker for any trade deal with America.'
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South Africa slashes planned VAT hike after pushback from Democratic Alliance
South African finance minister Enoch Godongwana has dropped a planned VAT increase that would have seen value-added tax increase by one percentage point over two years after the Democratic Alliance (DA) threatened to quit the coalition.
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Inflation cooled more than expected in March to 2.3%, Statistics Canada says
Canadians got a break on inflation in March even without a tax holiday, as Statistics Canada says the pace of price increases slowed last month. The agency says the annual inflation rate was 2.3 per cent in the month, down from 2.6 per...
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Canada Votes | Poilievre to cut development taxes to boost home building
At a Milton, Ont., campaign stop, Conservative Leader Pierre Poilievre pledged to cut development taxes to boost more home construction. He also promised to monetarily reward municipalities that cut development taxes themselves.
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South Africa: ANC set 5-day deadline to conclude negotiations on budget
South Africa is facing a potential constitutional crisis with the top governing body of the ruling African National Congress calling for a fresh look at its coalition alliance. This comes after snap divisions emerged with its main...
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South Africa passes controversial budget amid coalition rift
South Africa's government has passed a contentious budget, but key coalition partners, including the EFF and MK, have rejected the fiscal framework. Tensions rise as the proposed VAT increase sparks dissent. Meanwhile, the nation faces a...
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South African budget vote passes but key coalition partner dissents
South Africa's government has passed a contentious budget, but key coalition partners, including the EFF and MK, have rejected the fiscal framework. Tensions rise as the proposed VAT increase sparks dissent. Meanwhile, the nation faces a...
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Lakshmi Mittal considers leaving UK over 'non-dom' tax crackdown
Steel magnate Lakshmi Mittal is reportedly weighing the option of leaving the UK in response to the Labour government’s decision to abolish the “non-dom" tax regime. Watch this report for more details!