On Oct. 25, Ontario’s Ford government announced its More Homes Built Faster Act, which would allow the province to rewrite municipal plans, with the aim of allowing more land for development.
These and many more recent changes have been controversial. And more such plans are expected. Premier Doug Ford has been accused of trampling upon democracy and the environment.
But the bottom line is that Mr. Ford’s plans are going to have a substantial beneficial effect on prices for home buyers. Amid a housing crisis, this is what really matters, and Mr. Ford’s moves are necessary because, otherwise, Ontario cities won’t build up and out as much as needed on their own accord.
Some of the biggest changes in the act and…
« C’est seulement quand la marée se retire qu’on découvre qui nageait nu », a constaté Warren Buffett pendant la crise financière de 2008. Cette fois, des investisseurs sont surpris à poil par l’effondrement de la plateforme FTX, vedette de l’univers crypto.
Des institutionnels réputés ont perdu 1,9 milliard US dans le capital de FTX, dont Ontario Teachers, BlackRock, SoftBank, Temasek et Sequoia. La Caisse, qui a brûlé 150 millions dans Celsius, est en belle compagnie.
Pire est le sort d’un million de clients pris dans un trou de 8 milliards dans les liquidités. La faillite de la deuxième plus importante plateforme de cryptos projette une onde de choc qui fera d’autres victimes.
Voici…
This week we learned the consumer price index was up 6.9 per cent year over year in October on the same day we got predictions about how much the federal government’s inflation-indexed tax will raise the price of beer. Inflation and tax rules often combine to increase Canadians’ tax burdens. Governments seem readier to adjust taxes for inflation when doing so makes the burden heavier than when it makes the burden lighter. That should change.
Adjusting some tax rules for inflation is easy. Most taxes on employment income and government benefit payments use thresholds that rise as prices do. The federal government indexes personal income tax thresholds, benefit payments and most tax credits to the CPI. But some provinces do not.…
