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Effective January 1, 2012, the net federal corporate income tax rate in Canada was 15%, or 11% for corporations able to claim the small business deduction; in addition, corporations are subject to provincial income tax that may range from zero to 16%, depending on the province and the size of the business.
The 2024 Lambton—Kent—Middlesex provincial by-election and 2024 Milton provincial by-election are held. [42] May 10–15 – 2024 Canadian wildfires: Evacuation orders are issued in parts of British Columbia and Alberta due to wildfires. [43] May 18 – Three people are killed after a speed boat and a fishing boat collide in Bobs Lake ...
2024 Elmwood—Transcona federal by-election; 2024 LaSalle—Émard—Verdun federal by-election; September 19: Provincial by-election in Bay of Quinte, Ontario; September 21: Municipal by-election in Cumberland, Kimberley [39] and Harrison Hot Springs, British Columbia [40] September 29: Mayoral by-election in La Motte, Quebec
The rebate would allow renters and homeowners with mortgage to exempt up to $3,000 per month from their provincial income tax. The program would start in 2026, where the exemption would begin with $1,500 per month, costing $900 million for the first year.
The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. [1] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.
This national electoral calendar for 2024 lists the national/federal elections held, and scheduled to be held, in 2024 in all sovereign states and their dependent territories. By-elections are excluded, though national referendums are included. Specific dates are given where these are known, with unknown dates on the bottom.
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
Federal elections formerly used a mixture of first-past the-post and plurality block voting; provincial elections formerly used a variety of electoral methods See "Electoral reform" below. In the ten provinces and Yukon , elections are contested by candidates either representing political parties or running as independents.