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Dalai Lama Asserts Sole Authority Over Reincarnation Amid China’s Claims

In a landmark declaration just days before his 90th birthday, the Dalai Lama has reaffirmed that the centuries-old Tibetan Buddhist institution will continue after his death—and that his reincarnation will be determined solely by the Gaden Phodrang Trust , a foundation he established. This move directly challenges China’s long-standing assertion that it holds the final say in selecting the next Dalai Lama. Speaking in a pre-recorded message during a religious gathering in Dharamshala, India, the exiled spiritual leader stated that no external political power, including China, has any authority  to interfere in the reincarnation process. He emphasized that the search for his successor will follow traditional Tibetan Buddhist practices and be overseen by senior monks and spiritual advisors connected to the Trust. China swiftly responded, insisting that any reincarnation must be approved by Beijing and conducted within Chinese-administered Tibetan regions. Officials cited a Qing dynas...
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Canada’s Capital Gains Tax Changes: What You Need to Know

The Liberal government’s capital gains tax changes have officially taken effect today, sparking both support and opposition. Here’s a concise overview:

  1. What Changed?

    • The capital gains inclusion rate has increased from one-half to two-thirds for gains over $250,000 per year for individuals.
    • Corporations and most types of trusts now face the same inclusion rate on all capital gains.

  2. Why the Change?

    • Prime Minister Justin Trudeau frames this as generational fairness, aiming to address wealth disparities.
    • The $19.4 billion expected revenue will fund housing and other priorities for young Canadians.

  3. Backlash and Concerns:

    • Critics argue that the higher inclusion rate may harm the economy by reducing competition and innovation.
    • Physicians’ groups express concern about the impact on doctors who invest through incorporated medical practices.

  4. Opposition and Alternatives:

    • Conservative Leader Pierre Poilievre claims the wealthy will find ways to avoid the tax, affecting farmers, small businesses, and homebuilders.
    • Finance Minister Chrystia Freeland emphasizes the need for increased spending on health care and social services.

  5. Entrepreneurship Incentive:

    • To encourage entrepreneurship, the government proposes the Canadian Entrepreneurs’ Incentive, reducing the inclusion rate to a third on eligible capital gains up to $2 million.

In summary, these changes aim to balance fairness, revenue, and economic impact. The debate continues as Canada adapts to its evolving tax landscape. 

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