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Temporary GST/HST Relief and The Working Canadians Rebate
On November 21, 2024, the federal government announced a temporary two-month Goods and Services Tax/Harmonized Sales Tax (GST/HST) relief on groceries and “holiday essentials” to provide financial support to all Canadians, along with the Working Canadians Rebate—a one-time, tax-free $250 payment for eligible individuals who worked in 2023 and have a net income of up […]
Ontario Fall Economic Statement Tax Updates 2024-2025
November 22, 2024Overview On October 30, 2024, Ontario’s Minister of Finance has delivered the 2024 Ontario Fall Economic Statement “Building Ontario for You”. This comprehensive summary highlights the key changes introduced in the Fall Economic Statement. Personal Income Tax Measures New taxpayer rebates The Ontario government introduces a refundable Personal Income Tax credit that would provide a […]
Nova Scotia: New HST Rate Announced
October 31, 2024On October 23, 2024, Nova Scotia Premier Tim Houston announced the province’s plan to reduce the provincial portion of the Harmonized Sales Tax (HST) from 10% to 9%. This reduction will lower the combined HST rate from 15% to 14%, effective April 1, 2025. This marks the first change to the HST rate in Nova […]
Pollution pricing in Canada – the fuel charge
October 1, 2024Carbon tax: a contentious tax The Greenhouse Gas Pollution Pricing Act (“GGPPA”), which came into force on June 21, 2018, mandates that all provinces and territories are to implement a carbon pricing system that meet federal benchmarking criteria or be subject to the federal pricing system. Several provinces, including Alberta, Ontario, and Saskatchewan, have been […]