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Here’s what’s new this tax filing season, from climate incentive credits to expensing your service dog | Financial Post
For residents of Saskatchewan, Manitoba, Ontario and New Brunswick, the most significant change to the 2018 tax return is the climate action incentive (CAI) payment. Announced last fall as part of the government’s climate change plan, it directs proceeds from carbon pollution pricing received under the federal system back to the residents of the four jurisdictions that do not meet the Canada-wide federal standard for reducing carbon pollution. The federal government has stated that it would not keep any direct proceeds from carbon pollution pricing.

Saskatchewan residents can claim a base amount of $305, Manitoba residents $170, Ontario residents $154 and New Brunswick residents may claim $128. In addition, if you’re married or living common law, an additional 50 per cent can be claimed for your spouse or partner. If you have qualified dependents under age 18, 25 per cent of the base amount can be claimed for each child.

In addition, a 10 per cent supplement is available for residents of small and rural communities who live outside a Census Metropolitan Area (as defined by Statistics Canada), “in recognition of their increased energy needs and reduced access to clean transportation options.”

Being a rare, refundable credit, the CAI payment will first reduce any balance owing for the year, and may increase any refund.
carbonpricing  federal  saskatchewan  manitoba  ontario  taxes 
18 days ago by badeconomist
Who are the gilets jaunes and what do they want? | World news | The Guardian
The first 18 months of Macron’s presidency were defined by his drive for businesses to become more competitive; he cut taxes on companies and transformed France’s wealth tax, easing the tax burden on the very wealthy.

He is now under pressure to consider the gilets jaunes’ demands, and to that end the government executed a U-turn on 5 December when it scrapped the fuel tax rise, one day after announcing a six-month freeze on the policy.
france  cars  fuel  taxes  wealth  protest 
7 weeks ago by badeconomist
Removing Uncertainty from Community Amenity Contributions | BC Chamber of Commerce
In 2014, one project was required to pay $148 million in community amenities. Along the Cambie Corridor, the CAC charges are $45 per square foot or $33,750 for a 750 square foot apartment. According to the Union of BC Municipalities, in 2000, developer contributions (Development Cost Charges and CACs) to municipalities were $100 million province-wide. This increased to $720 million in 2010 .(
vancouver  taxes  realestate  housing 
9 weeks ago by badeconomist
British Columbia Cracks Down on Dirty Money in Real Estate - Bloomberg
The government has also sought to bring more transparency to the murky property market after a study by Transparency International found that it’s not possible to identify who owns nearly half of Vancouver’s most expensive properties. This month, the province began demanding more information about beneficial property ownership in tax forms. The province plans to make the information available in a public registry and share it with tax authorities and law enforcement agencies.
bc  realestate  foreignownership  taxes  housing 
october 2018 by badeconomist
Vaughn Palmer: Weaver outlines how he’d change NDP speculation tax | Vancouver Sun
“I would not support legislation that would apply a vacancy tax — it is not a speculation tax — to various local communities without the support of those local communities,” Weaver told reporters.

He delivered that comment against the backdrop of UBCM delegates calling on the province to “modify the proposed speculation tax to empower local governments to collect a levy on vacant residential properties and to require local governments that choose to impose such a levy to invest the revenues in non-market housing. “

The originating municipality for the motion was Oak Bay. Weaver, being the MLA for that community, fully supports allowing municipalities to opt for a vacancy tax of their own, as Vancouver has already been permitted to do under the city charter.
bc  housing  taxes  green_party 
september 2018 by badeconomist
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