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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
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The Canadian government has announced that Bill C-78, known as the Tax Break for All Canadians Act, has received Royal Assent. This legislation will temporarily remove the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) on a range of holiday essentials from December 14, 2024, to February 15,
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The Canadian government has introduced Bill C-78, known as the Tax Break for All Canadians Act, which has been approved by the House of Commons and is currently under consideration by the Senate. The bill proposes a temporary exemption from the Goods and Services Tax (GST) and Harmonized Sales Tax
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The Canada Border Services Agency (CBSA) has released its report for the year 2024, detailing its activities and contributions to Canada's economy. The agency processed approximately 4.5 million commercial trucks, maintaining the same volume as 2023, and assessed around $32.5 billion in duties and taxes. Clarington
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The Canada Border Services Agency (CBSA) reported its enforcement activities in the Southern Ontario Region for the period from January 1 to October 31, 2024. During this time, the CBSA intercepted 392 firearms and 2,819 weapons, and seized 4,083 kilograms of narcotics. Additionally, 1,742,976 kilograms of
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On December 8, 2024, three individuals escaped from the Laval Immigration Holding Centre in Quebec. The individuals have been identified as Bryan Ulises Moya Rojas, Diego Nicolas Flores Sepulveda, and Daniel Eliseo Gonzalez Ihrig, all Chilean nationals. The Canada Border Services Agency (CBSA) has issued arrest warrants and is collaborating
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The Canadian government has announced a financial commitment of up to $240 million to Cohere, a Toronto-based company specializing in artificial intelligence (AI). This funding is part of the newly launched Canadian Sovereign AI Compute Strategy, which aims to enhance AI infrastructure in Canada. The strategy, with a total budget
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The Government of Canada has announced an expansion of the list of prohibited assault-style firearms, effective December 5, 2024. This measure includes an amnesty order, valid until October 30, 2025, to allow businesses and owners to comply with the new regulations. The amnesty also provides temporary exceptions for Indigenous peoples
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Health Canada has released the results of the 2024 Canadian Cannabis Survey, which was conducted from April 4 to July 2, 2024. The survey aims to provide insights into Canadians' knowledge, attitudes, and behaviors regarding cannabis use. Key findings from the survey include: * A decline in the proportion of
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The Government of Canada has announced a new strategy to enhance the country's artificial intelligence (AI) capabilities through significant financial commitments. The Canadian Sovereign AI Compute Strategy, launched by the Minister of Innovation, Science and Industry, François-Philippe Champagne, aims to allocate up to $2 billion to improve AI
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Environment and Climate Change Canada has released its winter outlook for the 2024-2025 season. The forecast indicates that temperatures in the north and east of Canada are expected to be close to or above normal, while the west may experience a warm start followed by normal to below normal temperatures.
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The Canadian government has announced two significant measures aimed at providing financial relief to Canadians and addressing housing availability issues. Tax Break on Goods and Services The government has introduced Bill C-78, known as the Tax Break for All Canadians Act, which has been adopted by the House of Commons