In this edition:
- SMEs must file 2023 taxes by July 15 to qualify for rebate: Canada Revenue Agency
- What you need to know about a possible LCBO strike on Friday
- Niagara Escarpment Commission celebrates 50 years protecting ‘unique’ landmark
- Canada invests millions to build chip network as U.S. races ahead
- United States looking at all options to respond to Canada’s digital services tax
- Temporary dock idea at Riverbeach faces rough waters from Niagara-on-the-Lake councillors
- Government of Canada launches consultations on plastic waste and pollution from textile and apparel sector
- Focus on Human Resources
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Photo credit: mehaniq41 / Adobe Stock
SMEs must file 2023 taxes by July 15 to qualify for rebate: Canada Revenue Agency
The Canada Carbon Rebate for Small Businesses is a refundable tax credit announced in Budget 2024 to return a portion of federal fuel charge proceeds directly to eligible Canadian-controlled private corporations (CCPCs). The Canada Revenue Agency (CRA) is working towards issuing the retroactive payments, which total over $2.5 billion with respect to the 2019-2020 to 2023-2024 fuel charge years.
For more information on how the rebate payments will be calculated and the designated provinces, go to Canada Carbon Rebate for Small Businesses.
Photo credit: Iryna / Adobe Stock
What you need to know about a possible LCBO strike on Friday
Ontarians could see long lineups at LCBO stores across the province today as customers prepare for a possible strike that will close all locations for the next two weeks.
Here is what you need to know about the looming labour action.
Photo credit: John / Adobe Stock
Niagara Escarpment Commission celebrates 50 years protecting ‘unique’ landmark
What if there was no Niagara Escarpment Commission to protect the 725-kilometre-long landmark that stretches from Lake Ontario to the tip of the Bruce Peninsula in Ontario?
“There would be a lot more homes, and smaller land parcels,” said former commission chair Jim Collard in a recent interview.
Photo credit: Dean Calma / IAEA
Canada invests millions to build chip network as U.S. races ahead
Canada will invest $120 million (US$88.2 million) over five years to build a national chip network, as calls intensify for the government to do more to bolster its lagging semiconductor sector.
Industry Minister François-Philippe Champagne announced the outlay from the federal Strategic Innovation Fund on Thursday.
Photo credit: Inter-American Dialogue
United States looking at all options to respond to Canada’s digital services tax
The Office of the United States Trade Representative says it will do what’s necessary to halt Canada’s tax on large foreign digital services companies.
Last month, Parliament approved the government’s plan to add a three per cent levy on foreign tech giants which generate revenue from Canadian users. It means the companies will have to pay taxes on that revenue in Canada.
Photo credit: NPCA
Temporary dock idea at Riverbeach faces rough waters from Niagara-on-the-Lake councillors
The idea to install a floating dock at Riverbeach Park has encountered rough waters from Niagara-on-the-Lake councillors.
However, since they previously endorsed a motion on the project, town staff will proceed with it.
Photo credit: Cavan for Adobe / Adobe Stock
Government of Canada launches consultations on plastic waste and pollution from textile and apparel sector
Today, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, launched a consultation to solicit feedback on the development of a roadmap to address plastic waste and pollution from the textile and apparel sector.
Building on the early interest and engagement from key stakeholders in the sector, the consultation document suggests a waste-management approach that keeps textiles and apparel in the circular economy for as long as possible.
Did you know?
Focus on Human Resources
Employees with drug and alcohol issues need better supports
Through the Daily Updates, the GNCC aims to deliver important business news in a timely manner. We disseminate all news and information we feel will be important to businesses. Inclusion in the Daily Update is not an endorsement by the GNCC.
