The Canadian government has postponed the capital gains tax increase to January 1, 2026. The Trudeau government had announced this tax increase in the April 2024 budget, originally set to take effect on June 25, 2024. However, it was not officially enacted by Parliament, even though the government began collecting the increased tax from the scheduled date. People affected by this tax expressed concerns about whether they would have to continue paying the higher capital gains tax without formal legislative approval. The bill failed to pass the House of Commons last year due to political deadlo

Leader of Opposition in Punjab Vidhan Sabha, Partap Singh Bajwa, has strongly criticized Chief Minister Bhagwant Mann, accusing him of failing to represent Punjab in central NITI Aayog meetings. Bajwa alleged that the Chief Minister has never addressed Punjab’s economic challenges seriously, which explains his absence from key NITI Aayog discussions. The senior Congress leader further expressed skepticism about any significant announcements for Punjab in the upcoming budget, holding Mann responsible. He said the people of Punjab are suffering due to the indifferent attitude of both the stat

Liberal leadership contender Mark Carney is expected to announce a plan on Friday to abandon consumer carbon pricing but keep industrial pricing in place. “The consumer carbon tax isn’t working — it’s become too divisive," Carney said in a written statement provided to The Canadian Press ahead of the announcement. "That’s why I’ll cancel it and replace it with incentives to reward people for greener choices." That would include energy efficient appliances, electric vehicles and improvements to home insulation, he said. Carney, a former Bank of Canada governor who has spent the las

The third week of striking by educational assistants at Edmonton Public Schools is almost over and the union says there’s no end in sight. They say negotiations are deadlocked. The school board and educational assistants with public schools returned to the bargaining table last Thursday, both sides still unable to strike a deal. Union leaders want significant raises to account for the increased cost of living since the last union agreement ended five years ago. A third-party mediator landed on a 2.75 per cent raise over four years, not nearly enough says the union. Education support staff

Statistics Canada says real gross domestic product decreased 0.2 per cent in November, the largest monthly contraction since December 2023.However, the agency says its preliminary estimate for December pointed to an increase of 0.2 per cent for the final month of the year. The advance estimate suggests an annualized growth rate of 1.8 per cent in the fourth quarter of 2024.For November, Statistics Canada says goods-producing industries contracted 0.6 per cent, with the mining, quarrying, and oil and gas extraction and utilities sectors driving most of the decline. Services-producing industri

As many as 11 persons (all employed as waitors) were killed and 11 others were injured in a tragic road accident on the Ferozepur-Fazilka road near Mohan Ke Utar village this morning. As per information, a Bolero pickup collided with a canter, resulting in the death of 11. Among the injured, five are reported to be in critical condition. At the time of the accident, over 25 people were travelling in the pickup. With the help of bystanders, the police rushed the injured to the hospital, where they are currently receiving treatment. According to police officials, dense fog is suspected to be th

Conservative leader Pierre Poilievre has declined to apply for a security clearance from the Canadian Security Intelligence Service (CSIS) in order to read a report on foreign interference, rejecting the requirement. Poilievre argued that the security clearance requirements would prevent him from speaking freely on the issue and limit his ability to hold the Liberal government accountable. He further stated that the spy agency is welcome to report directly to any of his MPs or senators if it believes foreign interference poses a risk to any of his party members. It is worth noting that Marie-

In the lead-up to the Delhi Assembly elections, opposition parties are targeting the Aam Aadmi Party (AAP) over the pollution of the Yamuna River. On Thursday, Congress leader Rahul Gandhi visited the banks of the Yamuna, where he criticized Delhi Chief Minister Arvind Kejriwal, questioning when he would take a dip in the Yamuna now that 2025 has arrived. Delhi is waiting. Gandhi pointed out that Kejriwal had promised during the last elections to clean the Yamuna and bathe in its waters, but five years later, the pollution and garbage in the river remain unchanged. He also claimed that Kejriw

British Columbia's premier is assembling a "war room" over the looming trade war between Canada and the United States, with President Donald Trump's threatened tariffs on Canadian goods coming as soon as Saturday. A statement from Premier David Eby's office says he is tasking a new cabinet committee with co-ordinating a "whole-of-government" approach aimed at protecting B.C. workers, businesses and the economy against the tariff threat. The committee is described as a "day-to-day war room" chaired by Housing Minister Ravi Kahlon. Eby says Trump's proposed 25 per cent tariffs are a "direct atta