canadians-will-see-some-new-laws-and-rules-kick-in-next-month
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Canadians will see some new laws and rules kick in next month

Several new laws and regulations will be implemented in Canada next month. From a bill that protects shoppers from deceptive marketing practices to expanded dental care, these changes could affect workers, consumers and low-income Canadians. Here are the new laws and rules you can expect in Canada in June 2025. Canadian Dental Care Plan expansion and renewal Jacob Lund/Shutterstock The Canadian Dental Care Plan (CDCP) now accepts applications from eligible people aged 18 to 34. On May 29, the program will expand to include those aged 35 to 54. The program was implemented in 2023 to decrease dental costs for Canadians earning less than $90,000 annually. If you’re already part of the dental care program, don’t forget to renew for the 2025 to 2026 period before June 1 to avoid a possible gap in coverage. To do this, you must have filed your 2024 tax return and received the notice of assessment from the Canada Revenue Agency. Check to see if you qualify for the CDCP. “Anti-scab” law In May last year, the federal government passed Bill C-58, a law that aims to protect unionized workers during strikes or lockouts. Under the legislation, which will take effect on June 20, federal employers won’t be able to use replacement workers, AKA “scabs,” to do the jobs of unionized employees during legal strikes or lockouts. This is an offence punishable by a fine of up to $100,000 per day. The exceptions to this law include needing to use a replacement worker to prevent threats to life, health or safety of the public and prevent serious damage or destruction to their property. However, employers need to offer the opportunity to bargaining unit members first. Law holding businesses more accountable for greenwashing Bill C-59, which kicked in on June 20, 2024, also brought important changes to the Competition Act, specifically when it comes to greenwashing, or misleading consumers about a business’s environmental impacts. According to Canadian law firm BLG, the changes to legislation won’t only make it easier for the Commissioner of Competition to hold companies accountable, but also for private parties like environmental activists and climate advocacy groups. Starting June 20 this year, these groups can bring action against companies for deceptive greenwashing marketing practices before the Competition Tribunal if they can show “public interest.”

Living Trusts vs. Wills
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Living Trusts vs. Wills: What’s the Best Estate Planning Strategy for Canadians?

Most Canadians think a will is enough to protect their assets. Spoiler: It’s not. A will dictates who gets what when you die, but it doesn’t help minimize taxes, avoid probate, or keep your estate private. That’s where a living trust comes in. If you’re sitting on a real estate portfolio, investments, or a business, you might be losing tens…

First Time Home Buyer Incentives in Canada 2024
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First Time Home Buyer Incentives in Canada 2024

There are four main incentive programs for first-time home buyers in Canada: Land transfer tax rebates, which rebate some or all of your land transfer tax. Some municipalities have down payment assistance programs (DPAPs) for first-time homebuyers. The Home Buyers’ Plan which allows you to withdraw up to $60,000 (since April 16, 2024) from your Registered Retirement Savings Plan (RRSP) without…

BC Speculation and Vacancy Tax
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BC Speculation and Vacancy Tax 2024 FAQs, Rates, Declaring & More

What is the Speculation and Vacancy Tax?  The Speculation and Vacancy Tax is an annual tax that affects owners of vacant homes or homes that are empty more than 6 months of the year. The government has stated that it is designed to ensure that foreign owners and satellite families are fairly contributing to B.C’s…

bc home flipping tax
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BC Home Flipping Tax

If you’re a buyer considering purchasing a property for the short-term or a seller looking to sell within the first 730 days of ownership, there’s an important new tax you need to know about. Starting January 1, 2025, the BC Home Flipping Tax will apply to certain property transactions, and it’s important to understand how it…