Unpublished Newswire
The federal budget is being met with disdain from Canada’s innovation industry, including tech darling Shopify, which called the capital gains measures in the fiscal plan a potential cause of “irreparable harm.”The sector is disappointed that the Liberal government’s budget tabled Tuesday includes a proposed increase to the proportion of capital gain earnings on which businesses pay income tax, to two-thirds from one half.The hike would also be applied to individuals for capital gains earnings above $250,000 in a year and come into effect on June 25.
April 17, 2024 - 15:13 | Tara Deschamps | The Globe and Mail
Finance Minister Chrystia Freeland's predecessor Bill Morneau says there was talk of increasing the capital gains tax while he was on the job — but he resisted such a change because he feared it would discourage investment by companies and job creators.
April 17, 2024 - 15:01 | | CBC News - Canada
The House of Commons is reprimanding a private citizen for the first time in more than 100 years over the handling of the controversial ArriveCan app
April 17, 2024 - 15:00 | Touria Izri | Global News - Canada
Snow dumped across large parts of Saskatchewan Tuesday night.
April 17, 2024 - 14:59 | Brody Langager | Global News - Canada
The changes to capital gains taxation have been billed as a way to ensure the government can make up some for some of the big spending measures announced in Tuesday’s budget.
April 17, 2024 - 14:57 | Uday Rana | Global News - Canada
A former massage therapist who pleaded guilty to a string of sexual assaults has had his day parole revoked.
April 17, 2024 - 14:56 | Rory MacLean | CTV News - Canada
