Browsing: tax increase

Canada has officially canceled its proposed increase in the capital gains tax, a decision met with mixed reactions. Critics argued it could stifle investment, while supporters claimed it was necessary for equitable taxation. The government aims to focus on economic stability.

Ontario has announced a 25% tax increase on electricity exports to the U.S., a strategic move in response to escalating trade tensions fueled by Trump’s trade policies. This decision aims to protect local consumers and stabilize the province’s energy market.