Canada’s Tax Landscape Shifts: Understanding the 2024 Budget Changes

In a recent announcement, the Canadian government unveiled plans to adjust the inclusion rate on capital gains taxes, signifying a significant transformation in the tax landscape outlined in Budget 2024. These changes aim to address disparities in the tax system…

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Government to Extend Amortization Periods for First-Time Homebuyers

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The Canadian federal government has recently revealed significant changes aimed at easing the path to homeownership for first-time buyers amidst soaring housing prices. Finance Minister Chrystia Freeland announced these measures during a press conference in Toronto, emphasizing the government's commitment…

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Brookswood-Fernridge Plan: Navigating the Impact of Bill 44

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Neighbourhood planning in Brookswood-Fernridge, Township of Langley, has encountered a twist with the introduction of Provincial small-scale multi-unit housing legislation (Bill 44). This legislation, which received Royal Assent on December 7, 2023, mandates municipalities to allow for a significant increase…

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Canadian Inflation Decelerates: A Positive Sign for Economic Stability

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In February, Canada's inflation rate dropped to 2.8%, marking progress for central bank policymakers. This decline marks the first instance of consecutive months below 3% since early 2021. Let's explore economists' viewpoints and predictions:Leslie Preston, Senior Economist at Toronto-Dominion Bank…

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Economic Resilience: RBC and National Bank of Canada Lead Amidst Heightened Provisions

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In the inaugural quarter of the fiscal year, the Royal Bank of Canada (RBC) and the National Bank of Canada showcased notable resilience, outstripping market expectations despite elevating provisions for loan losses, emblematic of a broader trend among Canada's banking…

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