SINGAPORE: Interest rates in the United States could stay unchanged because inflation has not improved enough. US Federal Reserve chairman Jerome Powell said it would likely take longer than previously expected to gain the “greater confidence” needed to start cutting rates. Singapore’s interest rates are determined by global rates and foreign exchange market expectations. That means … Read more
Canadians can begin filing their income tax returns online as of Monday, with several changes in store for the 2024 tax filing season. Those filing by paper should have received their income tax package in the mail by now, according to the Canada Revenue Agency (CRA). Most Canadians must file their tax return by April … 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
