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The Canadian government has announced an extension for the deadline to make charitable donations eligible for tax credits for the 2024 tax year. The new deadline is February 28, 2025. This announcement was made by the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, and the Honourable Élisabeth Brière,
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The Canadian Transportation Agency (CTA) has announced its findings on the maximum grain revenue entitlements for the 2023–2024 crop year. The determination revealed that the Canadian National Railway Company (CN) remained within its revenue limits, while the Canadian Pacific Kansas City Railway Company (CPKC) exceeded its entitlement. The CTA&
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The North American Aerospace Defense Command (NORAD) is set to track Santa Claus on his annual journey on December 24, 2024. This event marks the 69th year of the NORAD Tracks Santa program, which began in 1955. NORAD, a joint organization between Canada and the United States, is tasked with
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The Competition Bureau has filed a lawsuit against Rogers Communications Inc., alleging that the company has engaged in misleading advertising practices related to its Infinite wireless phone plans. According to the Bureau, these plans are promoted as offering unlimited data, but they actually impose data caps. Once these caps are
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The Minister of Transport and Internal Trade, Anita Anand, has granted clearance for Santa Claus to travel through Canadian airspace for his annual global journey. This decision was announced on December 23, 2024, in Ottawa, Ontario. The clearance process involved reviewing necessary documentation and ensuring that all conditions were optimal
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The Government of Canada has provided an early summary of the country's greenhouse gas emissions estimates for 2023. According to the data, emissions have decreased to 694 megatonnes, a reduction of 6 megatonnes from the previous year. This marks the lowest level of emissions in 27 years, excluding
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The Canadian government has unveiled a new initiative to enhance border security and improve the immigration system. The announcement was made by the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, along with the Honourable Marc Miller, Minister of Immigration, Refugees and Citizenship, and the Honourable Ya'ara
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The Canadian government has announced a new initiative, "Powering Canada’s Future," which aims to enhance the country's clean electricity infrastructure. This plan includes finalized Clean Electricity Regulations and outlines over $60 billion in federal support over the next decade to support clean electricity projects across
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The Government of Canada has enacted new mortgage reforms, effective December 15, 2024, aimed at increasing accessibility to homeownership. These reforms include raising the price cap for insured mortgages from $1 million to $1.5 million and extending eligibility for 30-year mortgage amortizations to all first-time homebuyers and purchasers of
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On December 16, 2024, the Government of Canada released its Fall Economic Statement in Ottawa, Ontario. The statement outlines several key investments aimed at enhancing the country's social safety net and economic infrastructure. The government has announced plans to increase funding for child care, dental care, and prescription
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The Canadian government has announced new measures to encourage increased investment by pension funds within the country. These measures were outlined in the 2024 Fall Economic Statement and include several key changes aimed at facilitating domestic investment opportunities. * Investment Limit Removal: The government plans to remove the existing rule that
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The Government of Canada has announced proposed changes to the Scientific Research and Experimental Development (SR&ED) tax incentive program. These changes are outlined in the 2024 Fall Economic Statement and involve a planned investment of $1.9 billion over six years. Key proposed reforms include: * Increasing the expenditure