News / Current Affairs

The Canadian Tax System: What are the taxes we pay?

Canada has a comprehensive taxation system to pay for the many publicly funded infrastructure, health, and social services Canadians enjoy. Personal, business, and corporate taxes pay for our schools, hospitals, roads, essential services, and everything else.

Key issues for the Federal Elections in 2025

Canada faces key challenges from the U.S. tariffs and the need to fund the government for the next fiscal year. With the recent election of Mark Carney as the new Federal Liberal leader and former Prime Minister Trudeau’s successor, he might secure support from the left-wing New Democratic Party.

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.