The federal government is looking at making Islamic home financing increasingly accessible to help more Canadians break into the housing market. As part of the 2024 federal budget that was released last week, Ottawa said it is “exploring new measures to expand access to alternative financing products, like halal mortgages.” Last month, the federal government started consulting … Read more
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors’ retirement savings. Kathleen Ross, the association’s president, says many doctors incorporate their medical practices and invest for retirement inside their corporations. The proposed changes would increase taxes on those investments, something the … Read more
The 2024 federal budget failed to spark a much-needed rebound in the polls for Prime Minister Justin Trudeau’s trailing Liberal party, according to new Ipsos polling released Tuesday. Canadian reaction to the Liberal government’s latest spending plans shows an historic challenge ahead of the governing party as it tries to keep the reins of government … Read more
Descrease article font size Increase article font size The Liberal government is having “very good conversations” with the New Democratic Party over getting this year’s federal budget through the House of Commons, Finance Minister Chrystia Freeland told reporters in Montreal on Monday. Freeland was asked if the Liberals were willing to go to polls if … Read more
The Trudeau government released its 2024 budget with a promise to bring “fairness for every generation” by pledging billions on housing and introducing a new capital gains tax on the wealthy, as part of its strategy to win back younger voters. But former Liberal deputy prime minister John Manley doubts the major spending geared at … Read more
As the federal government touts measures meant to curb the cost of Canadians’ cellphone bills, some say there is a disconnect between what consumers are paying and the rhetoric surrounding price declines. On Thursday, Prime Minister Justin Trudeau drew the ire of social media users when he posted on X, formerly known as Twitter, that … Read more
Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault. Guilbeault is taking the stand after Tuesday’s federal budget promised to amend the Financial Administration Act so government payments accepted for deposit … Read more
Foreign aid groups are hailing the federal Liberal government’s return to a policy of increasing humanitarian and development spending each year, while asking for a plan to push allies to reverse a global decline in aid. “It was a good moment for Canada to step up and show global leadership by making this commitment of … Read more
Higher interest rates last year contributed to the largest gap in income inequality since 2015, according to a new Statistics Canada report. The findings come one day after the federal government tabled its 2024 budget, which one economist says won’t make many short-term differences in Canadians’ bank accounts. The StatCan report released Wednesday said Canada’s … Read more
The federal government plans to push ahead with its crackdown on short-term rentals in Canada in an effort to alleviate the country’s housing crisis, but Airbnb says home-sharing regulations are not the solution. As part of the 2024 federal budget that was unveiled Tuesday, Ottawa has recommitted to spending $50 million to help municipalities limit … Read more
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