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Biden coming to Canada to visit Trudeau: What we know

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U.S. President Joe Biden is coming to Canada Thursday evening, kicking off his short but long-awaited overnight official visit to Canada.

During his stay in the nation’s capital, Biden will meet with Prime Minister Justin Trudeau, and deliver an address to Parliament on Friday. But, he and first lady of the United States Jill Biden have some other events on their itineraries, where key Canada-U.S. issues and shared priorities will be discussed.

With many layers of preparation underway—from major security precautions and an increased presence of police, including U.S. Secret Service, RCMP, and provincial and local officers, as well as military aircraft in the skies,, to extensive road closures—Biden’s brief trip will be a significant event in the cross-border relationship.

U.S. flags have been hung up throughout downtown, manhole covers have been forced shut, and the city is bracing for an influx of high-profile visitors.

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“It’s quite a packed schedule for a short trip,” said White House National Security Council spokesman John Kirby on Wednesday. “This is a meaningful visit. Canada is one of the United States’ closest allies and friends, and has been now for more than 150 years. This will be the first true in-person bilateral meeting between the two leaders in Canada since 2009.”

Here’s what we’ve confirmed with senior government officials about what will be on the agenda, and what key players are saying about the upcoming visit.

THURSDAY, MARCH 23: BIDEN ARRIVES

The Bidens and the delegation travelling with the president will be landing in Ottawa on Air Force One on Thursday evening, currently scheduled for around 6:25 p.m.

There, Biden will be greeted by a welcoming delegation of Canadian officials:

  • Gov. Gen. Mary Simon
  • Canada’s Ambassador to the U.S. Kirsten Hillman
  • Deputy Prime Minister and Finance Minister Chrystia Freeland
  • Treasury Board President Mona Fortier
  • Foreign Affairs Minister Melanie Joly
  • And, foreign affairs parliamentary secretaries, Liberal MPs Rob Oliphant and Maninder Sidhu

Upon his arrival, Biden will meet with the governor general inside the Canada Reception Centre at the Ottawa Airport. Simon’s husband Whit Fraser and the first lady will be part of this meeting.

Then, Biden will be taken—likely in his infamous armoured limousine known as ‘The Beast’—to Rideau Cottage to meet with Trudeau and his wife, Sophie Gregoire Trudeau. Rideau Cottage is the prime minister’s current residence, located on the grounds at Rideau Hall, approximately seven kilometres northeast of Parliament Hill.

There, according to a senior Canadian government source, the two couples will “have an informal meeting.” Kirby called this an “intimate gathering.”

FRIDAY, MARCH 24: BIDEN’S BIG DAY

Friday is the main day of Biden’s visit, and it’s largely going to be spent on Parliament Hill.

Before diving into that, just a note: The first lady is going to have her own itinerary on Friday. While she will attend the address to Parliament, she is expected to participate in other events during the day, potentially alongside Gregoire-Trudeau, but the details of what they’ll get up to have yet to be shared.

According to Kirby, the two will use their time together to build on their friendship and “participate in a spousal program that’s focused on our shared cultural connections, and of course empowering young people.”

Kicking off with a welcoming ceremony inside West Block, the temporary home of the House of Commons, Biden will be greeted by a welcoming party that includes the speakers of the House and Senate, and representatives from the opposition parties.

He will then have a bilateral meeting with Trudeau, followed by an extended meeting with ministers, expected to take place in the room where cabinet usually meets.

It’s likely that whomever is travelling with Biden, officials-wise, would likely also take part.

The Canadian ministers accompanying Trudeau on Friday will be Freeland, Joly, Minister of Innovation, Science and Industry Francois-Philippe Champagne, Minister of International Trade, Export Promotion Mary Ng, Minister of Environment and Climate Change Steven Guilbeault, Minister of Natural Resources Jonathan Wilkinson, and Defence Minister Anita Anand.

All of this will happen in the morning, before Biden’s speech to Parliament, which is expected to begin mid-afternoon. It’s customary for formal addresses from world leaders to include introductory and concluding remarks from parliamentary officials, and for the chamber to be filled with senators, dignitaries, and other key stakeholders or community members with relevant ties to whomever is speaking.

“In his remarks, the president will underscore how the U.S.-Canada partnership benefits not only our two countries, but the entire world. And, that by working together we can address some of the biggest challenges we face,” Kirby said.

Following his address—we’ll see how long it is, Obama’s in 2016 was approximately 50 minutes—Biden and Trudeau will make their way across the street from Parliament Hill, to the Sir John A Macdonald building, for a joint media availability.

There, reporters from the parliamentary press gallery and those travelling from the White House press pool will be able to ask Biden and Trudeau about what was accomplished by the visit and whether there will be any concrete wins or policy moves made as a result.

At some point during his time on the Hill, Biden will have a pull aside meeting with Conservative Leader Pierre Poilievre, and will have an opportunity to meet with opposition leaders and exchange pleasantries in some capacity, according to a senior U.S. official briefing reporters.

Rounding out his day, Biden, the first lady and the American delegation will attend a “gala dinner” hosted by Trudeau and his wife, that “a few hundred” guests are set to attend. That’s happening at the Canadian Aviation and Space Museum, approximately 11 kilometres east of Parliament Hill.

On the invite list: ambassadors past and present, business leaders, members of Parliament, senators, and representatives of Indigenous groups.

“It’ll be a real cross-section of Canada,” said one senior Canadian government official briefing reporters on a not-for-attribution basis about the trip.

So far neither the White House nor the Prime Minister’s Office have confirmed if there will be any impromptu stops during the trip, meaning we’ll all have to wait and see whether there will be another ‘Obama cookie’ moment — when then-U.S. President Barack Obama popped into a bakery in the Byward Market during his 2009 trip.

While the not-quite two-day trip may seem condensed, Trudeau officials told reporters that they are pleased with the amount of time Biden and Trudeau will have together, while noting that on his past trips, Obama did not stay overnight.

“One of our primary goals of the visit was hoping to be able to share as much time as possible between the two leaders. And that’s why we are very happy that president Biden is spending a day and half in Ottawa, which allows three different blocks for the prime minister and the president to spend time together… And that’s actually quite a lot of time, several hours where they can cover all the issues they need to cover,” said one senior government official.

Kirby said there is a lot the two leaders have to talk about.

“Canada, as you know, is not only a neighbour to the north, but a NATO ally. The president and prime minister Trudeau have a terrific relationship. He’s looking forward to getting up there. There are a range of issues that you can imagine they’ll talk about, everything from Norad, and modernization of Norad capabilities… military, and national security issues… Migration concerns, climate change. There’ll be certainly issues of trade to discuss. There’s a lot,” Kirby said on Tuesday.

Offering more details during Wednesday’s briefing on the trip, Kirby said that the two leaders will also talk about stepping up to meet “the challenges of our time,” including “driving a global race to the top on clean energy, and building prosperous and inclusive economies.”

WHAT ARE THE BIG ISSUES SET TO COME UP?

Without diving into the nitty gritty of all the outstanding trade, economic, and cross-border irritants that could come up during the visit, the broad stroke topics that Canadian officials say will be discussed during the visit include:

  • North American continental and Arctic defence and related spending
  • Trade, supply chains, and the state of CUSMA/USMCA
  • Irregular migration and modernizing the Safe Third Country Agreement
  • Climate change and investing in the clean automotive sector
  • Addressing inflation and driving growth to create jobs
  • Threats to democracy such as domestic and foreign interference
  • Further support for Haiti and Ukraine

It remains to be seen how substantive of progress will be made on these issues, but typically visits of this sort conclude with some form of joint statement outlining any commitments made.

“The Canada-U.S. partnership is forged by shared geography, similar values, common interests, deep personal connections, and powerful economic ties that are critical for so many jobs and businesses in both of our countries,” said a senior Canadian government official.

“Throughout the day, the prime minister will highlight Canada’s partnership as a source of strength to the United States and our commitment to working closely together on the big serious challenges that we both face, as well as the world faces,” the official said.

WHAT ARE KEY PLAYERS SAYING ABOUT THE TRIP?

Ahead of the visit, Trudeau, federal cabinet ministers and the leaders of the opposition parties have been outlining their expectations for the visit, the state of the Canada-U.S. relationship and what hot issues they want to see addressed. Here’s some of what they’ve had to say.

Prime Minister Justin Trudeau:

“We’re going to be talking about a lot of things. We will of course be talking about China, but the centre of our conversations will be about jobs and growth, critical minerals and fighting climate change, and continuing to build an economy across our continent that works for all of our citizens… I think the big message is just going to be how we can, and will be working together,” Trudeau said on his way into a Wednesday caucus meeting.

Canada’s Ambassador to the U.S. Kirsten Hillman:

“In some respects, I think [the Canada-U.S. relationship] did require rebuilding. I think that, you know, with the previous administration, as people know, we had some important successes, the renegotiation of NAFTA was, was very good. The early days of pandemic management I think was a real success between Canada and the U.S… But it wasn’t an administration that was that interested in working with allies to solve certain kinds of problems. Climate change wasn’t high on the priority list. They had some skepticism around NATO. And so, there were a lot of these sorts of things that we do together bilaterally, and things that we do together in the world that required a bit of care and attention,” she said in an interview on CTV’s News Channel on Wednesday, speaking about the post-Donald trump era of Canada-U.S. relations.

Conservative Leader Pierre Poilievre:

“We all know that President Biden is coming this week to visit Canada. Our demands as Conservatives are very reasonable…. We want an end to softwood lumber tariffs so that our forestry workers can get bigger, more powerful, inflation-proof paycheques… We want an end to ‘Buy-America’ so that our construction workers get powerful paycheques … We want an end to the illegal border crossings at Roxham Road, and across the country… We will stand with the Americans for a stronger military and stronger continental defense to keep all of our people safe,” Poilievre said on his way into a Wednesday caucus meeting.

Immigration Minister Sean Fraser:

“Our focus right now is trying to solve a problem and provide a lasting solution. Of course, I expect that there is going to be a lot of attention on all issues tied to the Canada-U.S. relationship, but my focus right now is on solving a challenge for the long-term… The precise nature of how we can help address the issue of irregular migration more broadly is something that we still have some work to do to sort out finally,” Fraser said on his way into a Wednesday caucus meeting about the Safe Third Country Agreement and the issues at Roxham Road.

NDP Leader Jagmeet Singh:

“The number one concern we have is about the approach of the IRA, the Inflation Reduction Act, and the ‘buy-American’ provisions… We are deeply concerned that the connection between Canada and America is so – we’re so interlinked that a ‘Buy-American’ provision for infrastructure could mean a serious negative blow to producers in Canada, to workers in Canada. And we want to make sure it’s a North American approach as opposed to a ‘Buy-American’ approach… We also want to see that Canada responds to the Inflation Reduction Act with real incentives in Canada to encourage and create jobs here to reduce our emissions and ensure there’s good paying jobs

 

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Canada Child Benefit payment on Friday | CTV News – CTV News Toronto

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More money will land in the pockets of Canadian families on Friday for the latest Canada Child Benefit (CCB) installment.

The federal government program helps low and middle-income families struggling with the soaring cost of raising a child.

Canadian citizens, permanent residents, or refugees who are the primary caregivers for children under 18 years old are eligible for the program, introduced in 2016.

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The non-taxable monthly payments are based on a family’s net income and how many children they have. Families that have an adjusted net income under $34,863 will receive the maximum amount per child.

For a child under six years old, an applicant can annually receive up to $7,437 per child, and up to $6,275 per child for kids between the ages of six through 17.

That translates to up to $619.75 per month for the younger cohort and $522.91 per month for the older group.

The benefit is recalculated every July and most recently increased 6.3 per cent in order to adjust to the rate of inflation, and cost of living.

To apply, an applicant can submit through a child’s birth registration, complete an online form or mail in an application to a tax centre.

The next payment date will take place on May 17. 

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Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain – CBC.ca

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A chorus of Canadian entrepreneurs and investors is blasting the federal government’s budget for expanding a tax on the rich. They say it will lead to brain drain and further degrade Canada’s already poor productivity.

In the 2024 budget unveiled Tuesday, Finance Minister Chrystia Freeland said the government would increase the inclusion rate of the capital gains tax from 50 per cent to 67 per cent for businesses and trusts, generating an estimated $19 billion in new revenue.

Capital gains are the profits that individuals or businesses make from selling an asset — like a stock or a second home. Individuals are subject to the new changes on any profits over $250,000.

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The government estimates that the changes would impact 40,000 individuals (or 0.13 per cent of Canadians in any given year) and 307,000 companies in Canada.

However, some members of the business community say that expanding the taxable amount will devastate productivity, investment and entrepreneurship in Canada, and might even compel some of the country’s talent and startups to take their business elsewhere.

WATCH | The federal budget hikes capital gains inclusion rate: 

Federal budget adds billions in spending, hikes capital gains tax

3 days ago

Duration 6:14

Finance Minister Chrystia Freeland unveiled the government’s 2024 federal budget, with spending targeted at young voters and a plan to raise capital gains taxes for some of the wealthiest Canadians.

Benjamin Bergen, president of the Council of Canadian Innovators (CCI), said the capital gains tax has overshadowed parts of the federal budget that the business community would otherwise be excited about.

“There were definitely some other stars in the budget that were interesting,” he said. “However, the … capital gains piece really is the sun, and it’s daylight. So this is really the only thing that innovators can see.”

The CCI has written and is circulating an open letter signed by more than 1,000 people in the Canadian business community to Trudeau’s government asking it to scrap the tax change.

Shopify CEO Tobi Lütke and president Harley Finkelstein also weighed in on the proposed hike on X, formerly known as Twitter.

Former finance minister Bill Morneau said his successor’s budget disincentivizes businesses from investing in the country’s innovation sector: “It’s probably very troubling for many investors.”

Canada’s productivity — a measure that compares economic output to hours worked — has been relatively poor for decades. It underperforms against the OECD average and against several other G7 countries, including the U.S., Germany, U.K. and Japan, on the measure. 

Bank of Canada senior deputy governor Carolyn Rogers sounded the alarm on Canada’s lagging productivity in a speech last month, saying the country’s need to increase the rate had reached emergency levels, following one of the weakest years for the economy in recent memory.

The government said it was proposing the tax change to make life more affordable for younger generations and fund efforts to boost housing supply — and that it would support productivity growth.

A challenge for investors, founders and workers

The change could have a chilling effect for several reasons, with companies already struggling to access funding in a high interest rate environment, said Bergen.

He questioned whether investors will want to fund Canadian companies if the government’s taxation policies make it difficult for those firms to grow — and whether founders might just pack up.

The expanded inclusion rate “is just one of the other potential concerns that firms are going to have as they’re looking to grow their companies.”

A man with short brown hair wearing a light blue suit jacket looks directly at the camera, with a white background behind him.
Benjamin Bergen, president of the Council of Canadian Innovators, said the proposed change could have a chilling effect for several reasons, with companies already struggling to access and raise financing in a high interest rate environment. (Submitted by Benjamin Bergen)

He said the rejigged tax is also an affront to high-skilled workers from low-innovation sectors who might have taken the risk of joining a startup for the opportunity, even taking a lower wage on the chance that a firm’s stock options grow in value.

But Lindsay Tedds, an associate economics professor at the University of Calgary, said the tax change is one of the most misunderstood parts of the federal budget — and that its impact on the country’s talent has been overstated.

“This is not a major innovation-biting tax change treatment,” Tedds said. “In fact, when you talk to real grassroots entrepreneurs that are setting up businesses, tax rates do not come into their decision.”

As for productivity, Tedds said Canadians might see improvements in the long run “to the degree that some of our productivity problems are driven by stresses like housing affordability, access to child care, things like that.”

‘One foot on the gas, one foot on the brake’

Some say the government is sending mixed messages to entrepreneurs by touting tailored tax breaks — like the Canada Entrepreneurs’ Incentive, which reduces the capital gains inclusion rate to 33 per cent on a lifetime maximum of $2 million — while introducing measures they say would dampen investment and innovation.

“They seem to have one foot on the gas, one foot on the brake on the very same file,” said Dan Kelly, president of the Canadian Federation of Independent Business.

WATCH | Could the capital gains tax changes impact small businesses?: 

How could capital gains tax increases impact Canadian small businesses? | Power & Politics

2 days ago

Duration 12:18

Some business groups are worried that new capital gains tax changes could hurt economic growth. But according to Small Business Minister Rechie Valdez, most Canadians won’t be impacted by that change — and it’s a move to create fairness.

A founder may be able to sell their successful company with a lower capital gains treatment than otherwise possible, he said.

“At the same time, though, big chunks of it may be subject to a higher rate of capital gains inclusion.”

Selling a company can fund an individual’s retirement, he said, which is why it’s one of the first things founders consider when they think about capital gains.

LISTEN | What does a hike on the capital gains tax mean?: 

Mainstreet NS7:03Ottawa is proposing a hike to capital gains tax. What does that mean?

Tuesday’s federal budget includes nearly $53 billion in new spending over the next five years with a clear focus on affordability and housing. To help pay for some of that new spending, Ottawa is proposing a hike to the capital gains tax. Moshe Lander, an economics lecturer at Concordia University, joins host Jeff Douglas to explain.

Dennis Darby, president and CEO of Canadian Manufacturers & Exporters, says he was disappointed by the change — and that it sends the wrong message to Canadian industries like his own.

He wants to see the government commit to more tax credit proposals like the Canada Carbon Rebate for Small Businesses, which he said would incentivize business owners to stay and help make Canada competitive with the U.S.

“We’ve had a lot of difficulties attracting investment over the years. I don’t think this will make it any better.”

Tech titan says change will only impact richest of the rich

A man sits on an orange couch in an office.
Ali Asaria, the CEO of Transformation Lab and former CEO of Tulip Retail, told CBC News that the proposed change to the capital gains tax is ‘going to really affect the richest of the rich people.’ (Tulip Retail)

Toronto tech entrepreneur Ali Asaria will be one of those subject to the expanded capital gains inclusion rate — but he says it’s only fair.

“It’s going to really affect the richest of the rich people,” Asaria, CEO of open source platform Transformer Lab and founder of well.ca, told CBC News.

“The capital gains exemption is probably the largest tax break that I’ve ever received in my life,” he said. “So I know a lot about what that benefit can look like, but I’ve also always felt like it was probably one of the most unfair parts of the tax code today.”

While Asaria said Canada needs to continue encouraging talent to take risks and build companies in the country, taxation policies aren’t the most major problem.

“I think that the biggest central issue to the reason why people will leave Canada is bigger issues, like housing,” he said.

“How do we make it easier to live in Canada so that we can all invest in ourselves and invest in our companies? That’s a more important question than, ‘How do we help the top 0.13 per cent of Canadians make more money?'”

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Canada Child Benefit payment on Friday | CTV News – CTV News Toronto

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More money will land in the pockets of Canadian families on Friday for the latest Canada Child Benefit (CCB) installment.

The federal government program helps low and middle-income families struggling with the soaring cost of raising a child.

Canadian citizens, permanent residents, or refugees who are the primary caregivers for children under 18 years old are eligible for the program, introduced in 2016.

300x250x1

The non-taxable monthly payments are based on a family’s net income and how many children they have. Families that have an adjusted net income under $34,863 will receive the maximum amount per child.

For a child under six years old, an applicant can annually receive up to $7,437 per child, and up to $6,275 per child for kids between the ages of six through 17.

That translates to up to $619.75 per month for the younger cohort and $522.91 per month for the older group.

The benefit is recalculated every July and most recently increased 6.3 per cent in order to adjust to the rate of inflation, and cost of living.

To apply, an applicant can submit through a child’s birth registration, complete an online form or mail in an application to a tax centre.

The next payment date will take place on May 17. 

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