The 2018 Ontario budget contains several tax measures affecting individuals and corporations, including the elimination of the high-income surtax from the calculation of total Ontario personal income tax.
The Comprehensive & Progressive Trans-Pacific Partnership (CPTPP) agreement (formerly the 11-member Trans-Pacific Partnership agreement, or TPP-11) was signed by its member states, including Canada, on 8 March 2018. The agreement covers a market of 495 million people with a combined GDP of CAD$13.5 trillion, or nearly 13.5% of global GDP.
Alberta faces 5 more years of deficit and billions of dollars in mounting debt before it sees a balance sheet back in the black. It tells a story of an economy still recovering from a lingering oil price shock and struggling with the market access problems with its crude.
In Canada, using Bitcoin for purchases is considered a barter transaction. Transactions using a cryptocurrency are subject to GST/HST and any gain or loss arising on the disposition of the cryptocurrency can be considered business income or a capital gain or loss and depends on the circumstances of the transaction.
On 20 March 2018, Nova Scotia Finance and Treasury Board Minister Karen Casey tabled the province’s fiscal 2018–19 budget. The budget contains a few tax measures affecting individuals and corporations.
The Canadian Agricultural Partnership (CAP), launched in the 2018 Program year, is a five-year federal-provincial-territorial funding agreement that governs agriculture-specific programs including Business Risk Management (BRM) programs such as Crop Insurance, AgriStability, Western Livestock Price Insurance and AgriInvest.