In Canada, there are also provincial and territorial tax brackets to factor in. Provinces and territories each have their graduated tax brackets, income limits and tax rates that differ from one another and the federal rate. This means that if you and a friend both make the same amount of ...
The Canadian Federal Election Debate, This is What Democracy Looks LikeSean Fenley
Canada FPT deposits refer to federal, provincial, or Territorial program benefits that are paid out by the Canadian government. Social programs that may be captured in your FPT deposit include the CCB, GST/HST credit, and the climate action tax credit in British Columbia. Is Canada FPT the sa...
Some provinces require you to collectseparate provincial taxeson top of the federal GST/HST. How to file and remit indirect taxes Before you collect any taxes from your customers, ensure you are appropriately registered with the tax authorities in the area. In the US, businesses mustregister for...
The Canadian and U.S. economies are largely driven by credit. Credit essentially means funds borrowed from a financial institution. In Canada, for example, most people use credit cards for day-to-day transactions and repay the money to the bank later, once ...
On the other hand, a change in the prime rate will change all other interest rates regardless of the lender. Since the overnight rate affects the prime rate, which affects all other interest rates, it is important for individuals to look at what the Federal Reserve is doing to see where ...
How will the U.S. dollar respond to Federal Reserve rate cuts? The factors that have supported a strong dollar for years remain largely intact. The U.S. dollar has declined by about 4% since July against a basket of currencies including the euro, British pound and Canadian dollar and is...
Further, under Canadian securities regulations, public companies must disclose information material to investor decision-making. This would include material environmental matters associated with activities affecting climate change. Based on the latest federal budget, Canada’s financial regulator OSFI will requ...
The Federal Trade Commission recently changed its guidelines on U.S. origin claims to a rule. Here’s what you need to know.
Canadian residents who hold shares in a corporation may receive profits from those shares, called dividend income. Thedividendsare reported on annual tax returns, and taxpayers may be eligible to receive the Federal Dividend Tax Credit, a non-refundable credit that reduces the total tax owed. Key...