In other words, take your total Ontario remuneration for the year, subtract the amount of the tax exemption and then multiply that number by the applicable tax rate. Remuneration is the employment income(box 14 of the T4 slip)that is taxable under sections 5, 6, and 7 of the federal Inco...
"If enacted precisely as proposed, the broad tariffs proposed by President-elect Trump could pose a notable economic shock with tariff rates rising to levels not seen in the U.S. since the Great Depression," according to a recent analysis by Fitch. Experts also warn that stiff U.S. tariffs...
Finance Minister Peter Bethlenfalvy’s fall economic statement on Thursday contained an announcement that Ontario will be adding a provincial excise duty to vaping products, which would double the current federal duty rates. “Research suggests youth vaping can lead to smoking,...
The federal government believes recently announced electricity tax credits should offset the cost of taking gas out of the power mix or fitting it with carbon capture, but several provinces say building enough non-emitting power to meet Ottawa’s timeline is going to be difficult. Alberta and Sas...
The federal government of Canada has eased health insurance requirements for Super Visa applicants. Under the updated changes, candidates having health insurance policies from non-Canadian insurers are also eligible for a Super Visa application. Previously, applicants were required to have a health insur...
Starting January 1, 2022, the federal government introduced theUnderused Housing Tax. This is an annual, one-per-cent tax on residential properties owned by non-Canadians that are occupied for less than six months a year. Three-season cottages that aren’t winterized are exempt, but ...
Former Windsor area high profile provincial Liberal MPP and cabinet ministerDwight Duncanhas come out against the federal Liberal government’s controversial capital gains tax increase in the recent budget. In aFinancial Postop-ed the former deputy Ontario premier and finance minister joins with another...
This would cost the federal government $28 billion per year, with $10 billion allocated annually to Ontario. This new revenue would help Ontario address its aging population and provide additional revenues limiting the need for future tax hikes or cuts to services. The federal government has ...
ONTARIO'S left-of-center government plans to spend its way out ofthe recession. Most economists...Fred Langan
Ontario - Government, Society, Politics: The provincial government consists of the lieutenant governor, a viceregal representative appointed by the federal cabinet whose functions are purely formal; the Executive Council, or cabinet; and the elected Legi