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Your daily horoscope: March 18, 2026

  IF TODAY IS YOUR BIRTHDAY Anyone who thinks you are too timid to strike out on your own will be proved totally wrong over the coming year. A Pisces new moon, plus the influence of changes planet Uranus, will empower you to do magical things. ARIES (March 21 - April 20): The time is approaching when you will get the chance to make amends for recent failures and show the world you are still a force to be reckoned with. Use the Pisces new moon to draw a line under the past, then stride confidently into the future. TAURUS (April 21 - May 21): As well as a new moon there is a fine link today between the sun and changes planet Uranus, which will give you the confidence to strike out in a new direction. Your willingness to take chances will surprise everyone, including yourself. GEMINI (May 22 - June 21): Reach out and seize the rewards and applause you know you deserve. Don’t worry about getting on the wrong side of your employer or your rivals because it is only by being forceful that...
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Seven Ways the 2024 Federal Budget Impacts Your Finances

 

The 2024 federal budget in Canada has introduced several measures that directly affect your financial well-being. Let’s explore seven key ways this budget impacts you:

  1. Capital Gains Inclusion Rate Increase:

    • The budget proposes raising the capital gains inclusion rate from 50% to 66.67% for corporations, trusts, and individuals (for capital gains exceeding $250,000) on or after June 25, 2024.
    • This change affects how much tax you pay when selling assets like stocks, real estate, or businesses.

  2. Employee Stock Options:

    • If you receive employee stock options, the taxable benefit deduction will be reduced to 33.33% (from 50%) due to the higher capital gains inclusion rate.
    • However, you can still claim a combined deduction of up to $250,000 for both stock options and capital gains.

  3. Net Capital Losses:

    • Prior-year net capital losses can offset taxable capital gains in the current year, even after the rate change.
    • This means losses realized before the rate increase can fully offset equivalent gains afterward.

  4. Affordable Housing Initiatives:

    • The budget aims to build more affordable homes, addressing the challenge of elevated living costs.
    • While there are no changes to personal tax brackets, housing affordability remains a priority.

  5. Alternative Minimum Tax (AMT):

    • The budget proposes amendments to AMT proposals, reducing the negative impact on charitable donations’ tax treatment.
    • This benefits those who contribute to charities while minimizing their tax liability.

  6. Carbon Tax Offset:

    • Although not explicitly mentioned, the budget likely includes measures to offset the carbon tax impact on households.
    • These efforts align with environmental goals and may affect your energy costs.

  7. Small Business Investment:

    • Expect further investment incentives for small businesses, encouraging growth and job creation.
    • The budget aims to boost the economy and support entrepreneurs.

In summary, the 2024 federal budget combines tax changes, housing initiatives, and economic strategies to enhance financial stability for Canadians. Stay informed and adapt your financial plans accordingly.

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