2026 Canadian Tax Changes: What You Need to Know
Inflation-indexed adjustments to income tax brackets and benefits in 2026 could mean more take-home pay for many Canadians. Learn about the new rates and credits.
Category : Search result: income tax brackets
Court Overturns CRA Denial of Bitcoin Loss Writeoff
A Canadian Tax Court judge has ruled a taxpayer can deduct a $505,142 bitcoin loss from her income, overturning a CRA decision. This landmark case involves the defunct QuadrigaCX exchange.
SAQ reports $336.5M Q2 net income, down 0.4%
The Société des alcools du Québec reports a slight year-over-year decline in second-quarter net income to $336.5 million. Explore the financial details and context for the provincial crown corporation.
Income of $122,440 needed to buy a home in Ottawa
A new report details the minimum household income required to purchase a home in Ottawa, highlighting the city's affordability challenges. Discover the figures and what they mean for potential buyers.
Canada defends U.S. carve-out in global minimum tax deal
Finance Minister François-Philippe Champagne defends a G7 tax agreement granting a U.S. exemption. China and EU nations object as OECD races for a year-end deal. Read the latest.
Alberta's Municipal Spending Problem: No Tax Relief
Despite promises, Alberta municipalities continue to raise property taxes, hitting businesses hardest. Calgary and Edmonton budgets reveal a pattern of unsustainable spending.
Toronto hikes land transfer tax on luxury homes over $3M
Toronto City Council has approved Mayor Olivia Chow's proposal to increase the land transfer tax for luxury home sales above $3 million. Learn about the new policy and its implications for the city's real estate market.
Free Mobile Vet Clinics Launch in Windsor for Low-Income Pet Owners
The Windsor/Essex County Humane Society launches 'Helping Paws,' a free mobile veterinary clinic serving low-income households to prevent deadly parvovirus outbreaks. Read how this initiative brings critical care to doorsteps.
Toronto Should Ditch Land Transfer Tax, Analyst Says
Following Calgary's move to reduce property tax hikes, calls grow for Toronto to scrap its municipal land transfer tax, which critics argue worsens housing affordability and distorts the market.
Federal government hints at resolving N.B. tax revenue fight
Internal Trade Minister Dominic LeBlanc suggests a resolution is near in the long-standing tax revenue dispute between Ottawa and New Brunswick's Holt government. Read the latest developments.
Canmore homeowners fight vacancy tax in court
Owners of secondary properties in Canmore are taking the town's livability tax to the Alberta Court of Appeal. Get the latest on this municipal financial dispute.
2026 Tax Changes: Income Down, Payroll Up
A look at the major tax changes coming for Canadians in 2026, including income tax cuts and increases to CPP, EI, and carbon levies. Find out how your finances will be affected.
Ottawa's Vacant Unit Tax Brings Empty Homes Back to Market
The City of Ottawa reports its Vacant Unit Tax is working, with previously empty properties now being offered for rent or sale. Learn how this policy is impacting the local housing supply.
CRA stops mailing paper tax forms automatically for 2025
The Canada Revenue Agency will no longer mail paper tax packages automatically to Canadians who filed on paper last year. Here's what you need to know and how to get your forms for the 2025 tax season.
Calgary readers critique weather warnings, education tax
Calgary Herald readers voice concerns over Canada's new weather warning system and Alberta's education property tax. Discover the local perspectives on provincial policies.
Crypto tax crackdown yields millions, no charges
Canada's CRA has recovered millions in unpaid crypto taxes, yet no criminal charges have been laid. Experts question the enforcement strategy's effectiveness as a deterrent.
Edmonton passes budget with 6.9% property tax increase
Edmonton City Council approved a 6.9% property tax hike for the 2025 budget, exceeding initial targets. Councillors Karen Principe and Mike Elliott voted against it, expressing disappointment over spending priorities.
Canada Scraps Digital Tax After Trump Threat
Canada repealed its digital services tax under U.S. pressure. An expert argues Trump did Canada a favor, as such taxes harm the countries that impose them. Explore the global tax debate.
CRA warns of critical illness insurance tax schemes
The Canada Revenue Agency warns Canadians about aggressive tax schemes using critical illness insurance. Participants face penalties, fines, and jail time. Learn how to protect yourself.
Calgary business community 'disappointed' by city budget
Calgary's business community expresses deep disappointment with the city's new budget, citing a costly 6.9% property tax increase. Key groups warn of negative impacts on competitiveness.
Edmonton Council Pushes 6.92% Property Tax Increase
Edmonton's city council has voted for a proposed 6.92% property tax increase, exceeding administration's recommendation. This continues a trend of significant tax hikes for homeowners.
Edmonton locks in 6.9% property tax hike
Edmonton City Council has finalized a 6.9% property tax increase for 2025. Get the details on the decision, budget pressures, and what it means for homeowners.
Vancouver lays off staff after property tax freeze
The City of Vancouver has cut dozens of positions following its decision to freeze property taxes. This move highlights the financial trade-offs of municipal budget decisions.
Vancouver lays off 30 staff after property tax freeze
The City of Vancouver has terminated 30 employees following a council decision to freeze property taxes. Learn about the budget impacts and municipal workforce changes.
Greater Sudbury Budget: 3.9% Tax Increase Approved
Greater Sudbury's finance committee has finalized the 2025 city budget, resulting in a 3.9% property tax increase. Learn what this means for homeowners and city services.
CRA warns of aggressive tax schemes in Canada
The Canada Revenue Agency has issued a public alert about aggressive tax avoidance schemes operating in the country. Learn what to watch for and how to protect yourself.
Quebec's $1.5B loss from language employment gap
A new report reveals Quebec's economy loses $1.5 billion yearly due to income and employment disparities between English and French speakers. Explore the findings and implications.
Leamington Proposes 2.5% Tax Increase for 2026
The Municipality of Leamington is considering a 2.5% property tax rate increase for its 2026 budget. Learn about the proposed changes and their potential impact on local residents.
TD Bank Q4 profit climbs on higher interest income
Toronto-Dominion Bank reports a rise in quarterly profit, driven by increased interest income. Get the key financial details and analysis for Canadian investors.
Citizen Letters: Basic Income Call, Climate Setback, Charge Move
Ottawa Citizen readers call for a Guaranteed Basic Income to tackle poverty, criticize the Canada-Alberta energy MOU as a climate setback, and suggest relocating the Ottawa Charge to Kanata. Read the latest community voices.
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