Tag: election

bank

Banking Sector Braces for New Tax Following Liberal Minority Win

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Following Justin Trudeau’s Liberal Party win, big banks should expect changes that will see them pay more taxes. Having won just enough seats to form a minority government, the Liberals are expected to deliver on election promises that included a 3% surtax on profits exceeding $1 billion made by banks…

Wealth Tax On the Cards as Cliffhanger Elections Close

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One of the most highlighted issues during the elections has been the desire to see Canada’s wealthiest pay their fair share of taxes. The New Democratic Party (NDP) and conservatives have put forward proposals that would see an overhaul to the current tax system. NDP is seeking to introduce a…
real estate

Trudeau taxing banks to help real estate market

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With the Canada election looming, Liberal leader Justin Trudeau has made a new promise to fulfil another. He had previously promised to help young Canadians enter the housing market. Trudeau’s housing market plan involves billions in funding to try stop ‘home flipping’ and to regulate overseas investors buying properties. Additionally,…
wealth

Wealth Tax This Election

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With the 2021 Canada Election looming for September 20, the wealthy are bracing for potential tax changes. Many Canadians are voting with tax and income equality in mind and the New Democratic Party (NDP) will be the reason why a wealth tax may be implemented. If voted in, the NDP…