Editor's note: This article has been updated following news of the pause in implementing tariffs. After a weekend that saw U.S. President Donald Trump impose steep tariffs on Canadian goods and Prime Minister Justin Trudeau put forward retaliatory measures, the widely feared tariff war appears on hold ... READ MORE >
tax
Canada’s consumer price index rises by 1.8% as tax holiday takes hold
Canada’s consumer price index rose only 1.8 per cent in December and declined 0.4 per cent on a monthly basis thanks to the tax holiday and disinflation forces throughout the economy. These developments happened even with higher base effects and gasoline prices rising above their usual seasonal ... READ MORE >
Have consumers maxed out their spending?
Ominous economic conditions fueled by debt ceiling uncertainty and sticky inflation are taking a toll on consumer confidence while compelling consumer products companies to build resilience in pursuit of profitability. The University of Michigan’s Index of Consumer Sentiment in May fell to 57.7 from ... READ MORE >
President Biden’s 2023 budget: New and old tax proposals require perspective—and awareness
Key takeaways from RSM’s analysis of the tax proposals in President Biden’s 2023 budget proposal: The budget proposal and its proposed tax changes amount to an aspirational list; they are not drafted legislation. Proposed international tax reforms show commitment to implementing the OECD minimum ... READ MORE >