NATO and Ukraine to hold emergency talks after Russian attack with hypersonic missileVikings have ruled out tight end Josh Oliver. What does that mean for the running game?
New Data Shows Over 65,000 Turning to Homelessness Services in NSWEssex Property Trust ( NYSE: ESS ) declares $2.45/share quarterly dividend , in line with previous. Forward yield 3.27% Payable Jan. 15; for shareholders of record Jan. 2; ex-div Jan. 2. See ESS Dividend Scorecard, Yield Chart, & Dividend Growth. More on Essex Property Trust Essex Property Trust: Limited Supply Enables Further Growth Essex Property Trust, Inc. (ESS) Q3 2024 Earnings Call Transcript Essex Property Trust: Tailwinds From Both Supply And Demand Stocks with the highest passive ownership in the S&P 500 - Goldman Sachs MAA, NXRT upgraded, ESS, CSR downgraded at Raymond JamesUnwrap the latest AI features with Amazon Fire Tablets
Last month, the Federal Government and Canada Revenue Agency came out with a number of tax updates for the 2025 tax year. These included a new TFSA limit, an increase in CPP payouts, and several other goodies for workers and investors alike. Many of these benefits were discussed in the media extensively after the government/CRA announced them. The new TFSA limit in particular has been discussed to death since it was announced. Less talked about was the increase in the basic personal amount. The basic personal amount is an amount of income on which you pay no taxes. In November, the government increased this amount from $15,704 to $16,129. This is a significant increase, ensuring that lower income Canadians pay low taxes, and that all Canadians enjoy a shelter on their first $16,129. In this article, I will explore the basic personal amount tax credit and what the recent increase means for your finances. All about the basic personal amount The basic personal amount is an amount of income that is tax-free. Those who earn the basic personal amount or less, pay no taxes. Everybody else gets a portion of their income sheltered through a tax credit. The way it works is, taxes on income below the basic personal amount are taxed at 15% or less. In Canada, tax credits are worth 15%. So, by putting a tax credit on income at or below the basic personal amount, the CRA reduces tax on that amount to zero. How to claim the basic personal amount tax credit You actually don’t need to take any specific action to “claim” the basic personal amount tax credit. You simply need to file your taxes, and the CRA will take care of the rest. There are ways to maximize the amount of income you save via the basic personal amount tax credit, though. For example, if you hold your investments in a tax-free savings account (TFSA) rather than a taxable account, you reduce your taxable income, while increasing your “real” income (if the investments pay off). Investing in ETFs: A way to reduce your taxes Holding (ETFs) in a TFSA is a great way to reduce your overall tax burden. ETFs generally pay dividends, which are immediately taxable. This creates an incentive to hold such ETFs in a TFSA – especially bond ETFs, which do not get the dividend tax credit. Consider the ( ) for example. It is a fund that invests exclusively in Canadian bonds, including treasuries, provincial bonds, corporate bonds, and more. The fund pays about $0.2884 in annual distributions, which at today’s price ($20.8) provides a 1.38% yield. That’s not an especially high yield, but if you hold CORE in a taxable account, you could end up paying on it than you’d pay on a high yield stock. The reason being that CORE’s distributions – being interest not dividends – aren’t eligible for the dividend tax credit. So, if you’re going to be holding bond ETFs like CORE, be sure to hold as high a percentage of them as possible in a . Doing so can result in considerable tax savings.Cured-In-Place Pipe (CIPP) Market Is Forecasted To Reach US$ 3.8 Billion In 2030, Says Stratview Research
The Supportive Cabins Initiative was presented to Gananoque council on Tuesday for information purposes. The initiative will consist of 25 individual cabins in Brockville, each equipped with essential amenities to provide residents with a comfortable and secure place to live. The point is to combat homelessness in Leeds and Grenville and serve as a stable, structured, and supervised independent living environment as they reintegrate back into the community, town council heard. Tuesday’s presentation was provided by United Counties of Leeds and Grenville’s Alison Tutak, the director of community and social services. The service provider is the John Howard Society of Kingston and District. The initiative mirrors similar initiatives in Ontario, like in Peterborough and Waterloo. Each cabin will provide a private space for residents, including basic living amenities. The site will be managed by the John Howard Society, with round-the-clock supervision and support for residents. Examples of supports and programming offered by on-site staff includes life skills training, educational workshops, employment support, health and wellness programming, peer support groups, recreation activities, cultural and community engagement, and housing stability support. Residents of the cabins will be required to engage in a participation agreement with the John Howard Society. Resident rules will be inclusive of topics such as violence and harassment, resident restrictions, curfew, substance use, and contraband. Emergency services, like the Brockville Police Service, Brockville Fire Department and Leeds Grenville Paramedic Service have been part of ongoing discussions to ensure the site is safe for residents and the community. Officially, this initiative is located at 1805 County Road 2 East, in Brockville, with a long-term lease arrangement with the City of Brockville for the site. A physical design has been established with consideration of Crime Prevention Through Environmental Design (CPTED) principles and will feature fully-fenced controlled access, Tutak’s presentation noted. Keith Dempsey is a Local Journalism Initiative reporter who works out of the Brockville Recorder and Times. The Local Journalism Initiative is funded by the Government of Canada.
