All items tagged with: carbon tax
Posted in: Strategic Thinking , Debt, bankruptcy, interest rates, mortgage, Climate Action Incentive Payment, carbon tax
Despite the Bank of Canada’s recent interest rate hold and decreasing mortgage rates, many families are on the brink of being unable to pay all of their bills. This, as new carbon taxes are about to emerge in some of the hardest hit provinces. Early tax filing may help.
Posted in: Strategic Thinking , Evelyn Jacks, CE summits, tax credit, Climate Action Incentive Payment, carbon tax, provincial climate plans, carbon pollution pricing, tax rebate
Canada now has a nationwide standard for reducing carbon pollution, which means that starting in 2019, a federal “backstop” carbon pollution pricing system will apply to four provinces – Saskatchewan, Manitoba, Ontario and New Brunswick – that have not implemented their own systems. For taxpayers in these provinces, a new refundable tax rebate will be claimed on the 2018 tax return. But, like most tax provisions, it has its wrinkles.
Posted in: Strategic Thinking , Personal Tax, CRA, Federal Government, Canada Pension Plan, CPP, finance canada, business tax, Canada Workers benefit, carbon tax, 2019 tax changes, 2019 economic forecast, tax facts 2019
Happy 2019! Welcome back to Knowledge Bureau Report and to what’s sure to be a fascinating year for interpreting tax and financial news, based on recent stock market volatility and significant tax change. It’s an election year, too, so broadly misunderstood tax reforms recently introduced will likely re-emerge for debate. What lies ahead for 2019? Here are just some of the facts Canadians should know.
Posted in: Strategic Thinking , Federal Government, Evelyn Jacks, tax deductions, tax incentives, budget 2018, Climate Action Incentive Payment, carbon tax, Bill C-86, Budget Implementation Act, climate change
On December 13, the second Budget Implementation Act was granted Royal Assent by the House of Commons*, thus giving the green light for Climate Action Incentive payments to offset new carbon taxation programs coming into effect April 1, 2019.
Posted in: Strategic Thinking , CRA, Canada Revenue Agency, gender equality, Canadian economy, finance canada, tax news, Morneau, Fall Economic Statement, budget 2018, Canada Workers benefit, Employment Insurance Parental Sharing Benefit, Climate Action Incentive Payment, carbon tax
Finance Canada will release its Fall Economic Statement on November 21, about a month later than it was last year. In the meantime, it released two important documents on October 25 and 29: A Notice of Ways and Means Motion and Bill C-86: the second Budget Implementation Act which together enable remaining initiatives outlined in the February 27, 2018 Federal Budget.