Saturday, October 31

Taxes

Sales tax holiday would help small biz: Del Duca
Coronavirus, Ontario, Taxes

Sales tax holiday would help small biz: Del Duca

Ontario Liberal Leader Steven Del Duca is proposing a three-month provincial sales tax holiday to help small businesses struggling to stay afloat during the pandemic.Prior to the pandemic, the majority of workers in the province were employed by small and medium-sized businesses, Del Duca said.Ontario will need these businesses to recover strongly for the sake of the economy, he said.Businesses that were particularly hard hit — such as non-essential sales, personal grooming and hotel accommodations — need an enticement to bring back customers, he said.“Providing a three-month holiday from the provincial portion of the HST will help get customers back into those stores, either virtually or physically, and help get those customers spending, which I think is one of those initial boo...
EDITORIAL: Reject capital gains tax on home sales
Editorial, Editorials, federal government, Taxes

EDITORIAL: Reject capital gains tax on home sales

If Prime Minister Justin Trudeau and his government have no plans to impose a capital gains tax on the sale of residential homes, why is the Canada Mortgage and Housing Corp. — a federal Crown agency — spending $250,000 to study a capital gains tax on residential homes?“The objective is to identify solutions that could level the playing field between renters and owners,” a CMHC spokesperson told Blacklock’s Reporter last week.The research is being conducted by the University of British Columbia’s School of Population.“Many Canadians bank on profits from home ownership to secure their financial future and gain wealth,” the UBC project Generation Squeeze said. UBC researchers previously described homeowners as “lottery winners.”“We need to make it so that no Canadian relies on gain...