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Each April 1, based on New Brunswick CPI for the previous calendar year. The minimum wage was lifted to $12.75 on April 1, 2022, and there was an additional increase of $1.00 on October 1, 2022. [13] Newfoundland and Labrador: 15.60 April 1, 2024 Each April 1 (resumed in 2024), based on Canada CPI for the previous calendar year. [14]
The date for the 4th Nunavut general election, held in 2013, was set almost a year prior. [41] The following year the legislative assembly amended the Nunavut Elections Act to mandate an election be held on the last Monday in October in the fourth calendar year following the previous election day.
The Income Tax Act, Part I, subparagraph 2(1), states: "An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year." After the calendar year, Canadian residents file a T1 Tax and Benefit Return [5] for individuals. It is due April 30, or June 15 ...
In Canada, federal budgets are presented annually by the Government of Canada to identify planned government spending and expected government revenue, and to forecast economic conditions for the upcoming year. They are usually released in February or March, before the start of the fiscal year. All the Canadian provinces also present budgets.
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau, who is mulling his future amid a major political crisis, has the full support of his cabinet to stay on, new Finance Minister Dominic ...
The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September. In 1843, the federal government changed the fiscal year from a calendar year to one starting on 1 July, [ 68 ] which lasted until 1976.
The smaller projected adjustment for 2025 comes amid rapidly cooling inflation, which dropped to a three-year low in August after touching a 40-year high in 2022. Why adjusting tax brackets matter
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