Canadian government announces major tax reductions

Wednesday, October 31, 2007 Canadian Finance Minister Jim Flaherty announced a five-year program that could reduce taxes by a total C$60 billion. The planned tax reduction measures include: Low-end personal income tax rates would be reduced from 15.5% to 15%, taking retroactive effect to the start of 2007; The basic personal exemption, the amount at […]

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US home sales fall at fastest pace on record

Monday, January 25, 2010 Sales of previously owned homes in the US fell at the fastest rate ever recorded last December, according to data from the National Association of Realtors (NAR). According to the association, existing home sales fell 16.7% last month, to an annual rate of 5.45 million, the largest crash since 1968. The […]

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