News / Current Affairs

What do the New Capital Gains Tax Rules Mean to You?

Enacting the current rules for Capital Gains tax changes may require individuals, trusts, and corporations to include more capital gains in their taxable income. Specifically, 66.67 percent of capital gains realized on or after June 25, 2024, for corporations and trusts would need to be included in income for tax – up from 50 percent.

Home Affordability is still Challenging Despite Mortgage Rate Cuts in Canada

Canada’s housing market is among the most unaffordable in the world, with one of the highest house-price-to-income ratios among OECD (Organization for Economic Co-operation and Development) member states. Between 2000 and 2021, housing prices soared over 355 percent in Canada, while median nominal salary incomes for Canadians increased by only 113 percent.

Canada Should Heed Germany’s Destructive Climate Policies

According to a recent report in the Wall Street Journal (WSJ), Germany’s climate policies—chasing after “net-zero” greenhouse gas emissions, aggressive electric vehicle sales mandates, and moving electricity production away from fossil fuels to renewable sources such as wind and solar—has imperiled Germany’s massive auto-sector, the central pillar of its economy.