Pictured: Teva’s site in Canada/iStock, JHVEPhoto Teva Pharmaceuticals on Tuesday announced that it has agreed to pay $750 million to put an end to what it calls a “historical income tax issue” in Israel. Under an agreement with the Israel Tax Authority, Teva will make its settlement payment in yearly installments, from 2024 to 2029. … Read more
The Saskatchewan government ended the last fiscal year with a $182-million surplus, lower than the original forecast but higher than other predictions.Increased tax revenues and a strong economy helped the province avoid a deficit, Finance Minister Donna Harpauer said Thursday.Saskatchewan initially forecasted a $1-billion surplus, but larger expenses on the agriculture sector reduced that figure, … Read more
AdobeStock / NongAsimo The new capital gains inclusion rate requires mutual funds to make an important choice. Mutual fund trusts and corporations — including ETFs — can flow out their capital gains to fund holders, and this year they must decide how to do so. The fund industry “was largely expecting this type of election … Read more
Canadian employees stand to greatly benefit from making EOTs widely available, says Simon Pek, an associate professor of business and society at the University of Victoria’s Gustavson School of Business, and a co-author of the report.Read: Feds’ new tax exemption could drive more employers to leverage employee ownership trusts: expertAmong the policies raised in the report, … Read more
A new report shows that indirect tax professionals are challenged by the increasingly global and digital business environment — and more tech means they need more people with tech skills In a world in which business operations are increasingly global and digital, the challenges surrounding indirect tax and compliance are becoming more complex. To learn … Read more
The Federal Reserve will most certainly hold US interest rates steady at the current 23-year high and investors need to review their portfolios amid a divergence in global monetary policy, a leading financial advisor said Wednesday. “With the annual CPI increase at 3.3%, markets might be hopeful for potentially more rate cuts, but there remains … Read more
Open this photo in gallery:A Canada Revenue Agency sign in Ottawa on March 1, 2021.Justin Tang/The Canadian Press Claude Lavoie is a contributing columnist for The Globe and Mail. He was director-general of economic studies and policy analysis at the Department of Finance from 2008 to 2023.A majority of people are tired with the Liberal … Read more
Breadcrumb Trail Links Opinion Columnists Published Jun 07, 2024 • Last updated 8 hours ago • 2 minute read Photo by file /Getty Images Article content The federal Liberal government’s current budget proposal budget proposal to increase the inclusion rate for capital gains tax was met with justifiable criticism and opposition — primarily from business groups. … Read more
Lowering corporate taxes and royalties for companies extracting minerals needed for cleaner technologies would spur investment and enrich public coffers, the world’s largest mining business group argued in a new report.The International Council on Mining and Metals’ report, released Wednesday, said lower rates would increase economic activity and long-term tax revenue in developed critical-minerals jurisdictions … Read more
Fred Ayton, a Royal Navy veteran, was an 18-year-old able seaman torpedoman on HMS Sweetbriar during the D-Day invasion on June 6, 1944. He was told he was “making history” by taking part in the biggest ever seabourne invasion.