Pop-up tax boutique: the home reno tax credit

The first major election promise from the federal Conservatives: a permanent home renovation tax credit. On the surface this looks like an astute manoeuvre, given that home renovation has been booming in recent years. Canadian Press called the proposed credit a “big budget campaign promise,” but on closer inspection it is pretty…
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July 1st: Tenants Have No Reason To Celebrate

Each year, Canada Day coincides with Moving Day in Quebec. For the luckiest in the lot, the celebrations include heat and sweat, heavy boxes, cumbersome household appliances, laughs with pals, beer and pizza. However, still too often, when leases expire families end up on the street, unable to find adequate…
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Privatizing CMHC?

In a recent interview with the Globe and Mail, Canadian Minister of Finance Jim Flaherty expressed worries about the financial burden laid on taxpayers by having the Canada Mortgage and Housing Corporation (CMHC) deal and trade mortgages. As a remedy, he suggests privatizing the federal Crown corporation within the next…
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CPI Deflates Case for Rate Hike

Today’s report that the national inflation rate fell to 1.2% in May deflates calls for higher interest rates to reduce inflation. The central bank’s core rate was 1.8%, also below the 2% target. The other argument for an interest-rate hike was to moderate mortgage lending and the housing market. However,…
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