Australians’ superannuation savings are falling short of retirement expectations, new research has highlighted. And nearly one in two Australians do not know how much they pay in superannuation fees, according to research from superannuation and investments company Vanguard. WATCH THE VIDEO ABOVE: Aussie super savings falling short. Newsletters: Breaking news as it happens. Subscribe now … Read more
When Revenue NSW takes unpaid fines and debts directly from an individual’s bank account as a last resort measure, it uses a process called a garnishee order to do so. But for several years, that automated process was done illegally, a report from the NSW Ombudsman revealed in a report on Tuesday. Revenue NSW — … Read more
A plan to change how capital gains are taxed in Canada is not included in the Liberals’ bill to implement the 2024 federal budget, but Finance Minister Chrystia Freeland says the government is still committed to the plan. Freeland tabled the Budget Implementation Act in the House of Commons on Tuesday, which included plans to … Read more
Australian mortgage holders should not be banking on interest rate relief following surprisingly strong quarterly inflation data. The March quarter consumer price index revealed lingering price pressures, especially for services such as education, health, rents and insurance, slimming the chance of interest rate cuts any time soon. Fewer or no cuts in 2024 will delay … Read more
Tax time is nearing, with the financial year ticking over on July 1, 2024. If you are lodging your own tax return, you need to do so by October 31. Every year, the Australian Taxation Office (ATO) focuses on areas where taxpayers are prone — either accidentally or deliberately — to make errors, director of … Read more
New Delhi: Hero Electric scooter company Hero Electric has approached the Punjab and Haryana High Court seeking relief from recovery of subsidies availed under the government’s flagship scheme to promote electric mobility.The move comes in the backdrop of the Centre considering measures to recover money from three companies who allegedly availed sops wrongfully under the … Read more
Grocery price inflation may finally be slowing across Canada, but as some food costs remain high, a new report has found many are open to consuming “risky foods” despite the potential health risks. The report, set to be released Thursday by Dalhousie University’s Agri-Food Analytics Lab but provided to Global News in advance, found 58 per … Read more
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
Many small businesses across Australia have chosen a side in the cash debate — with some refusing to take physical money, and others only accepting digital payments, as bank branches close, and the use of physical cash dwindles across the country. But WA publican Sam James, who has been running her pub as a cash-only … Read more
