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Trump Signals Iran War Deal ‘Soon’ as Strait of Hormuz Stays Open, Easing Market Fears

                                   U.S. President Donald Trump said a deal to end the Iran war could come “soon,”   President Donald Trump said a deal to end the Iran war could come “soon,” a comment that helped calm global markets as the vital Strait of Hormuz remains open to commercial shipping. The waterway, which handles roughly one‑fifth of the world’s oil supply, has been a central concern for investors since the conflict began. With tankers continuing to move through the strait, oil prices have stabilized after weeks of volatility. Analysts note that even the perception of reduced risk in the region can ease pressure on global inflation, particularly in energy‑dependent economies like Canada. For Canadian households, a more stable oil market could help limit further increases in gasoline, transportation, and food costs. Equity markets reacted cautiously but positively,...
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CRA Extends Deadline for Claiming Charitable Tax Benefits

                                         

The Canada Revenue Agency (CRA) has confirmed the extension of the deadline for claiming certain charitable tax benefits for the 2024 tax year. Originally set to expire at the end of December 2024, the new deadline has been extended to February 28, 2025.

This extension aims to provide donors with additional time to ensure their contributions are received and processed, especially in light of the recent Canada Post mail stoppage. The CRA will administer this proposed legislation, consistent with its longstanding practice.

Individuals, corporations, and graduated rate estates can now claim eligible donations made up to the new deadline on their 2024 tax returns. For more information, visit the CRA website or the Department of Finance Canada website.





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