Quebec announces $44 million to help modernize taxi industry, compensation to come later

Quebec announces $44 million to help modernize taxi industry, compensation to come later
MONTREAL — The Quebec government says it won’t be reimbursing taxi drivers immediately for the loss in value of their pricey permits but will create a body to establish future compensation. Transport Minister Andre Fortin told cabbies gathered for an announcement in Montreal on Friday the goal is to have a dollar figure by the end of February, before the next provincial budget. Some cab drivers have paid $200,000... Read More

Feds provide more details on revisions to controversial tax proposals

Feds provide more details on revisions to controversial tax proposals
OTTAWA — The federal government is releasing more details on changes to its controversial tax proposals in hopes of further addressing deep concerns over reforms that have angered the small-business community. The Liberals are tweaking a proposal that, as of Jan. 1, would tighten existing rules enabling small-business owners to lower their tax burden by distributing earnings among family members who do not make significant contributions to their companies —... Read More

Construction to go ahead on Site C dam, but cost soars to $10.7 billion

Construction to go ahead on Site C dam, but cost soars to $10.7 billion
VICTORIA — The Site C hydroelectric dam will be completed with the backing of British Columbia’s NDP government, but it is warning the price tag will be higher than estimated. Site C was projected to cost $8.3 billion to complete, but the government now estimates the project will total $10.7 billion. “Megaproject mismanagement by the old government has left B.C. in a terrible situation,” Premier John... Read More

Nova Scotia commits another $25 million to two venture capital funds

Nova Scotia commits another $25 million to two venture capital funds
HALIFAX — Nova Scotia’s government has plans to put another $25 million into two venture capital funds, with the expectation that other Atlantic provinces and private investors will join it as well. Innovacorp Inc., a Crown agency that already has invested in a $65-million regional venture capital fund started in 2013, announced today plans to put a second round of investment into startup... Read More

Market factors, not national strategies, make housing affordable

Market factors, not national strategies, make housing affordable
The federal government’s new National Housing Strategy will benefit specific groups but doesn’t target broader affordability issues in Canada’s most expensive housing markets. The strategy includes a portable “housing benefit” of $2,500 per year, on average, to low-income households. It also proposes the construction or renovation of hundreds of thousands of social housing units. But there are obvious gaps in... Read More

U.S. agency rules against Canada; says softwood imports harm American industry

U.S. agency rules against Canada; says softwood imports harm American industry
Canada’s softwood lumber industry suffered another blow after the U.S. International Trade Commission unanimously voted Thursday that its imports have harmed the American lumber industry. In a 4-0 vote, the agency sided with the U.S. lumber coalition. The U.S. Commerce Department last month lowered preliminary duties. Most Canadian producers will pay a combined countervailing and anti-dumping rate of 20.83 per cent, down from... Read More

‘Fairness’ rhetoric masks an income tax imbalance

‘Fairness’ rhetoric masks an income tax imbalance
Not only does the top one per cent pay a disproportionate share of Canada’s taxes, its share has increased over the past two decades By Charles Lammam and Hugh MacIntyre The Fraser Institute For months, the Trudeau government has used the term “tax fairness” to justify higher taxes on entrepreneurs and incorporated professionals. While what’s a fair distribution of taxes... Read More

MPs give Equifax Canada’s chief privacy officer a rough ride over data breach

MPs give Equifax Canada’s chief privacy officer a rough ride over data breach
OTTAWA — MPs chastised an Equifax Canada executive Monday for not doing more to make amends to thousands of Canadians whose personal information was compromised by hackers. John Russo, chief privacy officer for the Canadian branch of the global credit-reporting firm, faced a barrage of pointed questions at a House of Commons committee over how the breach happened and the adequacy of... Read More

Canada, China delay launch of trade talks as Trudeau continues state visit

Canada, China delay launch of trade talks as Trudeau continues state visit
BEIJING — Prime Minister Justin Trudeau concluded talks with the Chinese premier in Beijing, but they were not able to announce the start of formal free trade talks. Trudeau said there wasn’t one particular issue that held up the talks, but he wants a progressive trade deal that includes addressing issues such as gender, the environment and labour. “China is... Read More