Skip to main content

Featured

Choking Capital: Delhi’s Toxic Smog Crisis Grounds Flights and Strains Health Systems

                              People walk in a smog-covered morning in New Delhi, India, Monday, Dec. 15, 2025. Dense toxic smog has engulfed New Delhi, reducing visibility, halting travel, and plunging the city’s Air Quality Index (AQI) to an alarming 471 , far above the hazardous threshold of 300. The blanket of pollution has led to over 40 flight cancellations and dozens of delays , while more than 50 trains were held up for hours , leaving thousands of commuters stranded. Authorities have imposed emergency pollution-control measures , including a ban on older diesel vehicles, suspension of construction activities, and hybrid schooling for children. Courts have even advised virtual hearings to minimize exposure. Hospitals across the capital are reporting a surge in patients suffering from breathing difficulties, eye irritation, and aggravated asthma conditions . Physicians...
Post a Comment
Read more

article

Labels

Navigating Uncertainty: Capital Gains Tax Changes Leave Taxpayers in a Bind

The recent prorogation of Parliament by Prime Minister Justin Trudeau has thrown taxpayers into a state of uncertainty regarding capital gains tax. The Canada Revenue Agency (CRA) continues to enforce the proposed changes, which increase the inclusion rate from 50% to 66.67% for gains over $250,000, despite the legislation not being formally enacted. This leaves taxpayers with two unappealing options: file based on the proposed legislation and potentially overpay, or file based on the previous rules and risk future penalties.

The CRA's decision to uphold the proposed changes, citing consistency and fairness, has frustrated many who made financial decisions based on the anticipated tax hike. With the future of the legislation uncertain, taxpayers are left scrambling to decide the best course of action.

This situation highlights the need for clear and timely legislative processes to avoid such dilemmas in the future. Until then, taxpayers must navigate these murky waters with caution and seek professional advice to mitigate potential risks.






Labels:

Comments

Post a Comment