Capital Gains Proposal to Be Presented to Parliament on Monday, Freeland Says

Published on June 9, 2024

The Liberal government plans to take the first legislative step on June 10 toward increasing the inclusion rate on capital gains. Finance Minister Chrystia Freeland flagged the timing on June 9, saying the government is taking action to improve tax fairness for Canadians. Ms. Freeland announced the capital gains tax changes as part of her April budget, but left the new inclusion rate out of the budget legislation. The government proposes to make two-thirds of capital gains taxable. Currently, only one-half of the profits made on the sale of assets—such as stocks or secondary real estate property—are taxed. The Liberals must table a motion in the House of Commons before they bring forward the actual legislation on capital gains. The government says the change will take effect June 25, even if a bill has yet to pass....

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Meals Will Have to Cost Under $3 for National School Food Program to Hit Target

June 9, 2024
The federal government’s plan to feed 400,000 schoolchildren a day with a school food program was based on the cost of meals being under $3 per child.Promises made by the government will only be met if each meal costs $2.78, which is below the minimum cost identified by the Breakfast Club of Canada, as first reported by Blacklock’s Reporter.“We would need at least $3 to $6 per child per day,” Judi

Boxer Ryan Garcia Arrested at Beverly Hills Waldorf Astorial

June 9, 2024
BEVERLY HILLS, Calif.—Former world champion boxer Ryan Garcia was arrested on suspicion of felony vandalism for allegedly causing an estimated $15,000 worth of damage at a hotel in Beverly Hills, authorities said June 9.Officers were dispatched at about 5:15 p.m. Saturday to the Waldorf Astoria Beverly Hills, 9850 Wilshire Blvd., for an “intoxicated person” call for service, according to Lt. Andre