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Pakistan's Crackdown on Afghan Refugees: A Controversial Move

In recent weeks, Pakistan has intensified its efforts to arrest Afghan citizens residing in the country without proper documentation. This move has sparked significant controversy, with the Afghan Embassy in Islamabad accusing Pakistan of attempting to expel all Afghan refugees from its territory. The Afghan Embassy issued a strongly worded statement, condemning the short timeframe given by Pakistani authorities and the unilateral nature of their decision. The embassy claimed that Afghan nationals in Islamabad and Rawalpindi have been subjected to arrests, searches, and orders to leave the cities and relocate to other parts of Pakistan. Pakistan's Foreign Ministry has dismissed these allegations, stating that the authorities are merely facilitating conditions for the swift return of Afghans to their home country. The ministry emphasized that Pakistan has long threatened to deport Afghans living in the country illegally. Prime Minister Shehbaz Sharif recently approved a March 31 dea...

Federal Government Delays Capital Gains Tax Increase to 2026

 

The federal government has announced a delay in the implementation of the capital gains tax increase, pushing the effective date from June 25, 2024, to January 1, 2026. Finance Minister Dominic LeBlanc stated that this decision aims to provide certainty to Canadians and businesses as the tax season approaches.

The proposed changes would increase the capital gains inclusion rate from one-half to two-thirds for individuals with capital gains earnings above $250,000 and for corporations. However, the delay means that the new government formed after the upcoming election will likely be responsible for legislating these changes.

In addition to the delay, the government has promised to maintain or enhance existing capital gains exemptions, including the Principal Residence Exemption and a new $250,000 annual threshold for modest capital gains. The Lifetime Capital Gains Exemption will also be increased to $1.25 million, and a new Canadian Entrepreneurs’ Incentive will be introduced to encourage entrepreneurship.

This move has been welcomed by many Canadians and businesses who were seeking clarity on the tax changes. However, some critics argue that the government should admit the policy was a mistake and reverse course entirely.



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