Prime Minister Justin Trudeau’s recent announcement of a temporary GST/HST holiday tax break has stirred significant public reaction. Social media users and experts have raised concerns, prompting clarification on the nature of grocery taxation in Canada and the potential consequences of the proposed measure. The Holiday Tax Break: What’s Included? Starting December 14, 2024, Canadians Continue reading
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GST Holiday: CFIB Warns GST Holiday Could Create “Chaos” for Small Businesses
As Canada’s temporary GST holiday nears, retailers are facing a rush of complications and confusion. Set to begin this Saturday, the new measure will remove the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) from dozens of items, including groceries, alcoholic beverages, and children’s clothing. While the initiative promises a savings of approximately Continue reading
GST Free Holiday Starts on this Weekend: What Need to Know About Upcoming Tax Break and Its Impact
The GST-free holiday, set to begin this weekend, is causing confusion among Calgary retailers and could come at a significant cost. Starting this Saturday, the temporary tax break will remove the five percent GST from a wide range of items, including food, beverages, clothing, diapers, and toys for children under 14 years old. While this Continue reading
Purolator and UPS Halt Shipments Amid Canada Post Strike
As Canada Post’s strike enters its fourth week, major courier companies, including Purolator and UPS, are freezing shipments from some partners, intensifying disruptions during the holiday season. Here’s what you need to know about the developing situation and its broader implications. Why Are Purolator and UPS Freezing Shipments? Purolator, a subsidiary of Canada Post, announced Continue reading
The Hidden Washington Quarter Coin Worth Up to $300 You Could Have in Your Change
Coins are often overlooked as everyday currency, but some Washington quarters may be worth far more than their face value. Whether due to minting errors, special designs, or their historical significance, these coins can command impressive prices. If you’re digging through your change, here’s what you should know about rare Washington quarters that could turn Continue reading
Winter Blast Hits Southern Ontario: Snowfall, High Winds, and Deep Freeze Warnings on this Weekend
Residents across southern Ontario are bracing for hazardous winter conditions as a potent band of heavy snow and strong winds sweeps through the region. With travel advisories in effect and sub-zero temperatures expected to persist, the next few days demand extra caution for both drivers and pedestrians. Dec. 6: Heavy Snow and Strong Winds Regions Continue reading
Trump Jokes About Making Canada the 51st State Amid Tensions Over Tariffs and Border Issues
During a high-stakes meeting last Friday at Mar-a-Lago, President-elect Donald Trump reportedly suggested to Canadian Prime Minister Justin Trudeau that if Canada couldn’t resolve key issues like trade imbalances and border security, perhaps the country should consider becoming the 51st U.S. state. The conversation unfolded after Trump had threatened to impose a 25% tariff on Continue reading
Lotto Max $80M Jackpot: Two Winners Take $40M Each in 2 Provinces
Two Big Winners Share $80M Jackpot Tuesday night’s Lotto Max draw created two multimillionaires, as the massive $80-million jackpot was split between a winner in Alberta and another in Quebec. Each of the lucky winners will take home an incredible $40 million. Ontario’s Wave of Winners Ontario residents also had a reason to celebrate. Nearly Continue reading
CRA Denied an Ontario Taxpayer’s RRSP Deduction due to Pension Adjustments & the Tax Court’s Ruling
Saving for retirement is a priority for many Canadians, with registered retirement savings plans (RRSPs) serving as an effective tool. The rules around RRSP contributions are designed to ensure fairness, especially for individuals participating in employer pension plans. A recent case in Tax Court sheds light on how a misunderstanding of pension adjustments (PAs) can Continue reading
Old Navy & Gap Face New Class-Action Lawsuit 2024 Over “False Discounts”
Canadian consumers who shop at Old Navy and Gap could be involved in a proposed class-action lawsuit. The legal challenge, initiated by Slater Vecchio LLP, claims that Gap (Canada) Inc. and Old Navy (Canada) Inc. have engaged in misleading pricing practices, promoting items online as being sold at “discounted prices” when they are rarely if Continue reading