Trudeau To Reveal How Canadians Will Be Repaid For Carbon Tax Costs

OTTAWA — The federal government will take some of the sting out of its upcoming carbon tax Tuesday with a promise to give rebates directly to Canadians. Prime Minister Justin Trudeau will be in Toronto with Environment Minister Catherine McKenna where they will begin making a hard sell of their carbon pricing plan ahead of the next federal election. That sell includes offsetting the hit to a family’s pocketbook with carbon price rebates that are expected to be based on income and the size of your family, loosely based on the scheme Alberta introduced when it implemented a carbon levy in 2017. They will also announce Tuesday which provinces will… Read More

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Ann Cavoukian Quits Google’s Sidewalk Labs Project In Toronto

TORONTO — Ontario’s former privacy commissioner has resigned from her consulting role at a company that is preparing to build a high-tech community on Toronto’s waterfront, becoming one of many to step away from the project due to concerns about how personal information and data will be managed. Ann Cavoukian resigned from Google sister company Sidewalk Labs on Friday after she said a privacy framework she developed was being overlooked when Sidewalk Labs said it couldn’t guarantee people’s personal information would be protected. “What I wanted was a wake up call,” said Cavoukian of her resignation. Earlier: Alphabet gets approval to build high-tech neighbourhood in Toronto. Story continues below. She… Read More

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As Ontario Winds Down Basic Income, Photographer Jessie Golem Gives Participants A Legacy

Jessie Golem is a Hamiltonian, a photographer, a piano teacher and an employee at a non-profit. To some people online, she’s also a “leech,” a “parasite,” and a “piece of shit.” The 29-year-old took up a call to answer strangers’ questions about being on Ontario’s basic income pilot project on news aggregation site Reddit. While many people were supportive, congratulating her on doing meaningful work and asking thoughtful questions, many others were hostile. One person wrote Golem a message telling her to kill herself. “I feel like the hate is wrongly directed,” she told HuffPost Canada. “There are rich people, there are corporations, there are so many other things that… Read More

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Trump pledges to debut new middle class tax cuts plan this month

President Trump said at a campaign rally in Nevada Saturday his administration is working on new tax cuts for the middle class and expects to reveal the plan before the midterms. “We are going to be putting in and are studying very deeply right now, around the clock, a major tax cut for middle-income people,” he said. “Not for business at all. For middle-income people.” He described the timeline for the new cuts, as promised in May, as “sometime just prior, I would say, to November.” Congress is in recess until after the midterm elections and cannot pass any new tax law before November begins. Last December, Trump signed into… Read More

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The mortgage pain point

Here are three of the week’s top pieces of financial advice, gathered from around the web: The mortgage pain point Interest rates on the most common type of mortgage topped 5 percent last week for the first time since January 2011, said Wolf Richter at WolfStreet, and another point higher will hit the “pain threshold” for the housing market. Thirty-year fixed rates for “conforming loans” — mortgages for single family homes priced below $453,100, with a 20 percent down payment — are now at 5.05 percent, up from below 4 percent in 2016. While that’s still a historically low number, it’s likely to rise as the Federal Reserve steadily lifts… Read More

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