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Stamp duty was formerly a graduated progressive tax with the more expensive the house bought the greater the stamp duty rate. The top rate slowly increased from 0.5% in 1882 to 3% in 1947, 5% in 1973, 6% in 1975, reaching its peak at 9% in 1997. [ 7 ]
The 6% rate is effective for goods and services effective March 23, 2017. [15] Effective April 1, 2017, New Homes, restaurant meals and other prepared food and beverages are subject to PST. [ 16 ] There is a separate 10% liquor consumption tax.
The "Threepenny beaver" stamp of 1851. The postal and philatelic history of Canada concerns postage of the territories which have formed Canada.Before Canadian confederation, the colonies of British Columbia and Vancouver Island, Prince Edward Island, Nova Scotia, New Brunswick and Newfoundland issued stamps in their own names.
It was announced on September 19, 2006, that a series of new definitives would be issued in December of that year, as a non-denominated stamp, which will remain valid for domestic first class mail (up to 30g) through any future postal rate increases. The new series included a Queen stamp, which used a colour image taken during her tour to ...
The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. [1] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.
The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.
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October 23 – The Bank of Canada lowers the key interest rate to 3.75%, a drop of 0.5%. This was after inflation fell to 2%, with the Bank of Canada wanting to increase demand. [108] October 28 – The 2024 Saskatchewan general election is held. The Saskatchewan Party wins a fifth consecutive majority government. [109]