Cost of Living5:50Why is gas always more expensive in the summer? As summer approaches, Canadian drivers have likely already experienced the all-too-familiar rise in prices at gas station pumps. A boosted demand for gasoline by people on road trips affects prices, as did the latest increase in the federal carbon tax in most provinces and territories. But there’s another key … Read more
Quebec wants to boost transparency around gas prices. The province will force gas stations to report their prices to the government, and it’s going to publish them online. Pierre Fitzgibbon, Quebec’s economy minister, made the announcement on Thursday as he revealed a government-commissioned study that recommended making some changes to how Quebec regulates gas stations. The … Read more
Prime Minister Justin Trudeau should convene an emergency meeting with the country’s premiers to discuss the federal carbon price, Conservative Pierre Poilievre wrote in a letter Tuesday. Poilievre circulated the letter following the $15-per-tonne increase to the consumer carbon price that kicked in on Monday. The scheduled increase added about 3.3 cents to the carbon … Read more
New tax measures, and changes to existing ones, will begin affecting Canadians in 2024. But tax experts say the effects on most individuals are likely to be minor, unless they’re high-income earners. GST/HST exemptions, the elimination of deductions for some short term rentals, new alternative minimum tax rates and changes to Canada Pension Plan (CPP) … Read more
