Tax season opens with changes to 2024 filing rules
The Canada Revenue Agency marks the start of tax season with online filing available and paper packages arriving. Key changes include a shift from the home office deduction to a detailed method, automatic Canada Workers Benefit payments, and new credits like the First Home Savings Account and the Multigenerational Home Renovation Tax Credit. The deadline is April 30 for most, June 15 for self employed plus partners, with extensions to June 17 if on time by postmark.
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Ottawa
Canada Revenue Agency
CRA
Chartered Professional Accountants of Canada
CPA
John Oakey
Oakey
Canada
Inflation cools but housing stays a drag on Canada
Bank of Canada faces a tough call as inflation wobbles near the 3.2 percent area while shelter costs keep rising. Economists say rate cuts should not wait for housing to slow, arguing price trends beyond shelter may justify easing despite elevated rents.
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Ottawa
Bank of Canada
Canada
Statistics Canada
BBC
CIBC
Nathan Janzen
ABC
James Orlando
Orlando
RBC
Canadian Real Estate Association
Central Bank
CN Rail faces possible strike over rest provisions
The Teamsters union says CN and CPKC demand elimination of safety critical rest clauses, risking public safety as negotiations stall. A dispute notice could trigger a strike or lockout within about 81 days, with CN citing regulatory rest changes and the union seeking predictable schedules and rest between shifts.
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Montreal
Canada
Teamsters Canada
Francois Laporte
Canadian National Railway Co
Canadian Pacific Kansas City Ltd
CPKC
Jonathan Abecassis
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