Fuel Excise Tax on Hold But Inflation is Not
The U.S.-Israel war on Iran has thrown global oil prices into turmoil and there is plenty of fallout for consumers. Travelling to Europe this summer? That’s in jeopardy, as jet fuel may run out. Looking for relief at the pumps instead? The recently announced suspended federal excise tax on gasoline, unleaded aviation gasoline, diesel fuel and aviation fuel here in Canada will soften the blow, but only temporarily: it will be zero from April 20 to September 7, 2026. Here’s what you need to know:Enhanced disclosure for scholarship plans
It is becoming easier to understand and invest in scholarship plans, thanks to new, enhanced disclosure requirements.
Travel expenses for medical, moving and Northern residents deduction claims
Evelyn Jacks: Tax protestors pay the price
Putting “goodwill” to work for you
Understanding the concept of “goodwill” will work to your advantage, as Greer Jacks explains in this first of a two-part series.
Lifestyle Column: 10 Neat Things
This week: 10 neat things about light.
Do you have to report income from foreign sources?
In some countries, such as the United States, taxation is based on citizenship. In Canada, however, the government levies income taxes based on residency.
