Finance

Trudeau is right: 40% of Canadians don’t pay income taxes, which means someone else is picking up the bill

Prime Minister Justin Trudeau said this week “low-income families don’t benefit from tax breaks because they don’t pay taxes."Cole Burston/The Canadian Press Many people were upset with Prime Minister Justin Trudeau this week for saying “low-income families don’t benefit from tax breaks because they don’t pay taxes.” Of course, some were upset because they felt […]

Business

Canadian meat giant Maple Leaf debuts its new plant-based burger

Maple Leaf Foods has high expectations for its new plant-based burger.Robyn Beck/AFP Watch out, Impossible. Beware, Beyond. A new competitor is entering the plant-based burger market. Lightlife Foods, the brand behind Gimme Lean meatless “beef,” Tofu Pups hot dogs, Organic Fakin’ Bacon Tempeh Strips and other vegetarian staples, is joining the looks-like, cooks-like, smells-like, tastes-like-the-real-thing veggie burger fray. The […]

Economy

Three gold stocks analysts think will outperform as lustre returns to overlooked sector

The Detour gold mine in Cochrane, Ont.Handout The Canadian gold industry’s second mega-deal in a little over four months has some investors taking another look at the  sector, which has been lagging for years. Earlier this week, Goldcorp Inc. announced that it would be merging with Colorado-based Newmont Mining Corp. in a US$10 billion deal […]

Real Estate

Down to Business podcast: Why Ottawa wants small businesses to export more

The Government of Canada offers support to help small businesses build an export plan./iStockphoto Welcome to Down to Business, a weekly podcast from the Financial Post. Our tenth episode covers Canadian small business exports. Only 12 per cent of small businesses export outside of Canada. Ottawa wants to change that. Minister of Small Business and […]

Finance

Three tips to help retirees minimize their taxes and maximize their cash flow

A recent survey showed that 89 per cent of respondents don’t fully know how their retirement income is taxed./iStockphoto Two-time heavyweight boxing champion and, later, grill aficionado George Foreman once quipped: “The question isn’t at what age I want to retire, it’s at what income.” A new CIBC retirement poll out this week found that […]

Business

Eddie Lampert sweetens bid to keep Sears open to more than $5 billion

Signage is displayed outside of a Sears Holdings Corp. store in San Bruno, California.David Paul Morris/Bloomberg Eddie Lampert’s ESL Investments is sweetening its offer to keep Sears Holdings Corp. in business, outlining a US$5-billion plan to buy the retailer out of bankruptcy. The new bid, about US$600 million more than Lampert previously offered, should satisfy […]

Business

Tim Hortons’ parent hikes dividend and makes changes to management

Burger King and Tim Hortons' parent Restaurant Brands International Inc. raised its dividend as it announced changes in its executive suite.Canadian Press/Sean Kilpatrick / THE CANADIAN PRESS TORONTO — The parent company of Tim Hortons and other fast food chains doubled down on its plans for fast international expansion, shaking up its executive suite in […]

Real Estate

Calgary’s small businesses to get break from rising property tax bills

Calgary council said it would find the budgetary savings from other sources.Postmedia file photo CALGARY — Complaining loudly about crushing tax hikes appears to have paid off for owners of small businesses in Calgary after moves by city hall that will see a 10-per-cent cut in non-residential property taxes this year. Council voted unanimously during […]

Business

Shoppers Drug Mart-branded Botox clinics launch amid ‘cookie-cutter’ cosmetics concerns

Medical esthetician Amra Nizar, who works for the Beauty Clinic by Shoppers Drug Mart, gives a demonstration using the picosure laser skin treatment which addresses a variety of skin concerns and is suitable for all skin types at the clinic in Oakville, Ont.Nathan Denette/The Canadian Press TORONTO — Shoppers Drug Mart takes its most aggressive […]