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How to Buy a House in British Columbia 2024
Proposed Anti-Flipping Tax On April 7th, 2022, the federal budget plan proposed a new anti-flipping tax. The tax is imposed on people who own real estate for less than a year. You may lose your Principal Residence Exemption if you buy a primary residence and move for non-exempt reasons. Additionally, if you sell an investment…
Income | income tax | North
How much income tax Canadians will pay next year based on their bracket
Canadians will be paying more federal income tax next year, according to the Canada Revenue Agency (CRA). The CRA revealed the federal tax brackets for 2025, adjusted for inflation. While federal tax rates are the same, the income thresholds for each bracket have shifted. In 2025, the indexation increase will be 2.7%, which is lower than the 4.7% in 2024, according to the agency. This is how much income tax you’ll have to pay next year based on your bracket: Less than or up to $57,375 — 15% Between $57,375 and $114,750 — 20.5% Between $114,750 and $177,882 — 26% Between $177,882 and $253,414 — 29% $253,414 and over — 33% This comes after the federal government implemented the capital gains tax in June, which increased the inclusion rate from one-half to two-thirds for any Canadian or corporation that makes over $250,000 per year in capital gains. The tax hike only impacts a small portion (0.13%) of the wealthy population. “An increased Lifetime Capital Gains Exemption would ensure most middle-class entrepreneurs won’t pay more tax because of these changes, and the new Canadian Entrepreneurs’ Incentive would encourage entrepreneurs to invest in capital-intensive and high-growth sectors,” Canada’s Department of Finance stated. When it was first announced, Canadians ripped on the wealthy upset by the capital gains tax hike, and certain industries like the medical field said the hike could push doctors to quit. You can find more information on your income tax bracket here.
Why do we associate red and green with Christmas and is it time to branch out?
As December approaches, red and green take centre stage in shop windows, homes, and festive advertising. The roots of Christmas’s red and green palette are a mix of ancient tradition, nature’s seasonal palette, and a touch of early modern advertising genius. The colours, which sit directly opposite each other on the colour wheel and are therefore complementary, can be traced back to pagan winter festivals, where evergreen holly with its scarlet berries was a symbol of life and resilience, providing a lush green backdrop in an otherwise barren winter landscape. Ancient Romans decorated their homes with these hardy plants during Saturnalia, a festival of feasting and merriment marking the solstice, which later merged with early Christmas celebrations. In Christianity, red took on a sacred symbolism, representing both the blood of Christ and the love that underscored the nativity story. Paintings of the Virgin Mary often depicted her in red robes, a colour that eventually found its way into festive decorations to honour the Christmas season. The combination of red and green endured throughout the centuries, mingling and merging with folklore and spirituality until it felt deeply rooted in the holiday spirit. However, the clinching moment for red and green as Christmas colours was less ethereal and more commercial. In 1931, Coca-Cola’s advertising campaign, featuring a plump, jolly Santa in a vivid red suit (a shade closely aligned with the brand’s own red), solidified the colour pairing in popular culture. Before Coca-Cola, Santa Claus was depicted in a variety of colours, including tan, green, blue, and brown. He was also sometimes drawn in patriotic stars and stripes during the Civil War. The campaign’s success gave red and green a fresh relevance, and – as is the power of commercial advertising and messaging – permanently embedded these colours as the colours of Christmas in the public imagination. Yet, as with many traditions, even the most enduring ones can benefit from a little updating. Besides, red and green are not the globally accepted Christmas colour language: in Norway, purple is much more associated with Christmas (because of its association with royalty, and many associate it with the ‘King of Kings’, Jesus) and in Sweden you’ll find red, white and gold adorning the trees and presents. This year’s interiors often favour palettes far removed from the traditional primary versions of red and green, with colour experts identifying gentle terracottas and biscuit tones as the hues to know right now. Whilst red and green can feel very festive, red in its most primary form has been shown to increase your heart rate and create stress, so it makes sense to move towards something more gentle and calming. But if we’re attempting to slip through the traditional clutches of red and green, what are we moving towards? Teal, aqua and orange ALL RIGHTS RESERVED Offering a fresh take on the traditional Christmas colour scheme, House & Garden ‘s Decoration Editor Rémy Mishon whipped up a wonderfully inventive and whimsical take on the red and green regime, offering shades of teal, aqua and orange as this year’s alternative. After all, if you edge slightly along the colour wheel from green, you’ll find yourself at turquoise. Directly opposite the bluey-green shade is just the kind of burnt orange hues that Rémy recommends. So, despite veering away from tradition, Rémy’s palette still maintains familiarity by keeping it in the family of red and green, as well as ensuring significant contrast between her two main tones. “I had some pictures saved from a Rubelli and Formafantasma collection which looked particularly nice clustered together in my photo library,” explains Rémy, “there were apricots, a light pink, strong oranges and a zingy green which I thought would make a pretty, but off beat base for a scheme.” She then came across The Perfect Nothing Catalogue’s pieces of ordinary household items incrusted in semi-precious stones: “I thought the two were a good marriage with the stones complimenting the scheme whilst also not being too delicate. I added a deep green into the mix to further toughen it up and make it more wintery. I thought the combination had something quite magical and fairytale about it, fitting for Christmas, though maybe more Brothers Grimm than Disney.” Brown and gingerbread Nobody could have predicted quite the scale of brown’s return to favour, both in clothing and interior decoration terms. We’ve seen plenty of glossy brown front doors and stairways that would take well to being adorned with branches, pine cones and other neutral foliage. The oak-panelled walls and large mahogany table in the show-stopping entrance of Ven in Somerset means brown accessories make sense in this environment. The owners used russet-coloured strands of leaves instead of garish tinsel to create a natural, warm palette that fills the room with an opulence that still feels organic. At this former rectory in the West Country, foraged Christmas decorations and salvaged materials enhance the sense of a house that has been made suitable for modern family life, while retaining its Victorian character. At Christmas, the family gathers pine cones and branches of old man’s beard to decorate this room at the front of the house, which has walls painted in Farrow & Ball’s ‘Setting Plaster’, a sandy pink colour that complements browns very well. 1980s maximalist rainbow Paper decorations can make any room feel festive, and don’t reject streamers for being too naff. Bright and cheerful, they’re an
Majority of Canadians admit to speeding, driving over the limit
Posted November 20, 2024 6:39 am. It appears Canadian drivers have no issue putting the pedal to the metal. New public opinion research from the Canadian Automobile Association (CAA) revealed some fascinating statistics regarding fast drivers. Nearly 70 per cent of Canadians admit to speeding in a residential area at least once in the last year. According to the poll, half of respondents say they routinely speed on the highway, and one in five drivers say they regularly drive well over the speed limit. It would seem that age isn’t a deterrent to speeding, as the CAA’s poll revealed that speeding isn’t limited to young people. While 50-plus drivers self-reported doing it less, all age groups admitted to persistently exceeding the speed limit in their respective regions. “Higher speeds reduce drivers’ reaction time and increase the risk to themselves and everyone else,” said Kristine D’Arbelles, senior director of public affairs at CAA National. “Speeding increases your stopping distance, making a collision more likely and severe, but it saves you only a small amount of time.” Overconfidence on the roads? According to the CAA’s public opinion poll, only 35 per cent of Canadians think they will get caught speeding, while four in 10 admitted to running a red light. Additionally, the CAA found that 68 per cent of people drove when they were too tired, and 54 per cent admitted to using their phones while driving at least once in the last year. In recent years, automated speed cameras have become more prevalent on city streets, often nabbing drivers for exceeding the speed limit. In 2023, Toronto’s city council unanimously approved a motion to increase the number of cameras from 75 to 150. According to the city, speed cameras have effectively reduced the number of people speeding and overall vehicle speeds, pointing to increased compliance and improved driver behaviour. The latest CAA findings are based on a poll of 2,880 Canadians from Sept. 13 to 21, 2024.
Canadians getting first GST credit payment of the year today
New year, more money: Canadians are getting their first GST credit payments of 2025 today. The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment. According to the government, this credit aims to help families with low and modest incomes offset the taxes they pay. If you’re eligible, you’ll see extra cash in your bank account on Friday, January 3. Who’s eligible for the payment? The government says you’re generally eligible for the payment if you’re at least 19 years old and a Canadian resident for income tax purposes a month before the Canada Revenue Agency (CRA) makes the payment and at the beginning of the month. If you are under 19 years old, the government says you must meet at least one of the following conditions during the same period: You have (or had) a spouse or common-law partner You are (or were) a parent and live (or lived) with your child According to the government, parents in a shared custody situation may be eligible for half of the credit for that child. Additionally, if your income is equal to or exceeds the amounts below, you or your family won’t be eligible for the credit. Government of Canada How much will you get from the GST credit? According to the government, you could get up to: $519 if you are single $680 if you are married or have a common-law partner $179 for each child under the age of 19 Here are some examples of things you could spend this credit on. You don’t need to apply for the credit because you’re automatically considered for it when you file your taxes. In 2022, Ottawa doubled the GST credit for six months during the height of inflation. There are other ways you might get more money from the government this year. From the Canada Child Benefit to the Canada Carbon Rebate, check out the full list here.