Canada’s tax system needs a Big Bang and soon

Breadcrumb Trail Links Personal Finance Taxes Kim Moody: Canada needs to have broad-based personal tax reductions, especially in light of the recent outcome in the U.S. election Published Nov 19, 2024  •  Last updated 1 hour ago  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. The Canada Revenue Agency headquarters’ Connaught Building in Ottawa. Photo by Sean Kilpatrick/The

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Warning retail job cuts ‘inevitable’ after NI tax rise in Budget

High Street job losses are “inevitable”, prices will rise, and shops will close as the result of the tax increases in the Budget and other rising costs, a group of the biggest retailers in the UK is warning. Tesco, Amazon, Greggs, Next, and dozens of other chains are urging the Treasury to reconsider some of the measures. In a letter to Chancellor Rachel Reeves, they said the “cumulative burden” of

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UK Pizza Hut to raise funds after Budget tax hikes

The operator of Pizza’s Hut restaurants in the UK is looking to raise more than £10m to help it cope with increased costs after tax rises on business were announced in last month’s Budget. The money could come from a sale of part of the business, or new investment from existing shareholders. It comes amid growing backlash from business owners who warn rises in employers’ national insurance contributions and the

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Year-end tax tips: Here’s what is unique to 2024

Breadcrumb Trail Links Personal Finance Taxes Jamie Golombek: From First Home Savings Accounts to Alternative Minimum Tax, pay attention to some critical deadlines Published Nov 15, 2024  •  Last updated 2 hours ago  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. With just six weeks to go before Dec. 31, now is the perfect time to begin your

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Moody: Trump’s win should make Canada more tax competitive

Breadcrumb Trail Links Personal Finance Taxes Moody: Instead of simply responding to measures that are sure to come, Canada should get ahead of them Published Nov 12, 2024  •  Last updated 6 minutes ago  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. U.S. President elect Donald Trump and Prime Minister Justin Trudeau are pictured in this file photograph.

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The Entertainer blames Budget tax rise for axing new shops

Getty Images The Entertainer toy shop chain says it has been forced to drop plans to open two new stores after the government said it would raise National Insurance (NI) Contributions for employers. Chief executive Andrew Murphy told the BBC the higher taxes, announced in last week’s Budget, meant it could no longer go ahead with the shops and it had also frozen hiring at its head office. A number

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How to allocate assets across accounts for tax efficiency

Breadcrumb Trail Links Personal Finance Taxes Where to locate different investments is secondary to which assets you allocate in your portfolio Published Nov 01, 2024  •  Last updated 1 week ago  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. For many investors, asset location planning is not of significance as it mostly comes into play once someone maxes

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Mnuchin says Trump’s top priorities will include tax cuts and tariffs

President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when he assumes office in January, his former Treasury secretary said Thursday. Steven Mnuchin, who held the post throughout Trump’s first term from 2017-21, told CNBC that he sees those items as critical to the Republican’s agenda. Tax cuts are “a signature part of his program,” Mnuchin said in a

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