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It's a new year. What financial changes take effect in 2025?

It's a new year. What financial changes take effect in 2025?

There are a few changes in federal policies that could affect Canadians' finances in the new year. Brian Quinlan, a chartered professional accountant with Allay LLP, says many of the changes are routine.
US and Boeing investigators examine the site of a deadly South Korean plane crash

US and Boeing investigators examine the site of a deadly South Korean plane crash

SEOUL, South Korea (AP) — A team of U.S.
B.C. ringing in new year with home-flipping tax, with income tax rebate on the way

B.C. ringing in new year with home-flipping tax, with income tax rebate on the way

VICTORIA — A maximum 20-per-cent home-flipping tax is among new regulations taking effect in British Columbia as of Jan. 1, with a promised middle-income tax cut arriving in the coming months as well as a spring carbon tax increase.
Private equity firm Birch Hill completes purchase of Rexall and Well.ca

Private equity firm Birch Hill completes purchase of Rexall and Well.ca

TORONTO — Toronto-based private equity firm Birch Hill Equity Partners has completed its acquisition of the Rexall Pharmacy Group. Birch Hill acquired the drugstore chain from previous owner McKesson Corp. in a transaction that closed Dec.
S&P/TSX composite ticks higher to close out a strong 2024

S&P/TSX composite ticks higher to close out a strong 2024

Canada's main stock index ticked higher on the final day of 2024, putting a bow on a year that saw impressive gains for North American markets. The S&P/TSX composite index was up 107.35 points at 24,727.
Stock market today: Wall Street indexes lose ground as market closes another record-breaking year

Stock market today: Wall Street indexes lose ground as market closes another record-breaking year

Stocks indexes closed mostly lower on Wall Street on the final day of another record-setting year. The S&P 500 slipped 0.4% Tuesday, but still managed to rack up a gain of 23.3% for the year, its second straight year with gains of more than 20%.
'Devastating loss': Fire engulfs popular Telegraph Cove boardwalk on Vancouver Island

'Devastating loss': Fire engulfs popular Telegraph Cove boardwalk on Vancouver Island

TELEGRAPH COVE, B.C. — Fire crews on Vancouver Island are warning people to stay away from the community of Telegraph Cove where a massive fire has engulfed a popular boardwalk.
Labradorians pay thousands to fly to Newfoundland. Could a Quebec energy deal help?

Labradorians pay thousands to fly to Newfoundland. Could a Quebec energy deal help?

ST. JOHN'S, N.L. — An airport executive in Labrador hopes a new energy deal with Quebec could help attract a competing airline company to the northern region, where flights costs have climbed at more than three times the national rate.
New year, new budget: A step-by-step guide on how to refresh your finances

New year, new budget: A step-by-step guide on how to refresh your finances

A simple copy and paste of your 2024 budget isn't enough to help you achieve your goals and maximize your finances for the new year, experts say. "Things don't stay the same.
Three teens arrested and charged after Fairview Mall robbery: Toronto police

Three teens arrested and charged after Fairview Mall robbery: Toronto police

TORONTO — Toronto police say they have arrested and charged three teenage boys after a robbery at a mall in North York Monday night. Officers were called to Fairview Mall shortly before 9 p.m. after reports of a robbery at a jewelry store.