Skip to content

National Business

Federal budget 2022: Highest-earning Canadians face minimum tax rate increase

Federal budget 2022: Highest-earning Canadians face minimum tax rate increase

OTTAWA — The federal government is moving to raise the minimum tax rate paid by wealthy Canadians in the budget and narrowing its focus on the highest earners.
Federal budget 2023 includes $59.5 billion in new spending, looks to increase revenue

Federal budget 2023 includes $59.5 billion in new spending, looks to increase revenue

OTTAWA — The federal government announced $59.5 billion of new spending over the next five years as part of a narrowly focused budget that also promises to find savings in the public service and increase tax revenues.
Budget 2023 belt-tightening: Liberals order federal spending review, cuts

Budget 2023 belt-tightening: Liberals order federal spending review, cuts

OTTAWA — Federal departments and agencies are being told to start tightening their belts as the Trudeau government looks for ways to pay for its latest budget promises while easing recent criticism over its use of outside consultants such as McKinsey
Budget 2023: Feds commit consultation money for Indigenous resource sharing

Budget 2023: Feds commit consultation money for Indigenous resource sharing

OTTAWA — The federal Liberal government is committing $8.7 million to hold more consultations on Indigenous resource sharing in a budget that offers relatively little new spending on its reconciliation agenda.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,657.53, up 32.79): TC Energy Corp. (TSX:TRP). Energy. Up 18 cents, or 0.34 per cent, to $52.62 on 20 million shares.
Quick quotes from the release of Canada's 2023 federal budget

Quick quotes from the release of Canada's 2023 federal budget

OTTAWA — The federal Liberals released their 2023-24 budget on Tuesday. Here are some quotes about the spending plan from the finance minister, opposition leaders and the head of the Assembly of First Nations.
S&P/TSX composite posts small gain, U.S. markets slightly down

S&P/TSX composite posts small gain, U.S. markets slightly down

TORONTO — Canada's main stock index eked out a small gain Tuesday thanks to strength in the energy sector, while U.S. markets were slightly down. The S&P/TSX composite index was up 32.79 points at 19,657.53.
Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive

Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive

OTTAWA — Serious money is heading for Canadian industries looking to reduce emissions after the federal government unveiled its answer to the U.S. Inflation Reduction Act.
Budget 2023: Liberals add foreign interference office, new money-laundering rules

Budget 2023: Liberals add foreign interference office, new money-laundering rules

OTTAWA — Prime Minister Justin Trudeau's Liberal government plans to launch a National Counter-Foreign Interference Office, amid ongoing scrutiny of allegations that Beijing interfered in recent federal elections.
Budget 2023: Key highlights from the federal Liberals' spending plan

Budget 2023: Key highlights from the federal Liberals' spending plan

OTTAWA — The federal Liberal government has released a 2023-24 spending plan that prioritizes spending on health care, transitioning Canadian businesses to a clean economy and offering affordability measures to help Canadians dealing with high prices