News
Sidney Poitier, first Black actor to win best actor Academy Award, dies at 94
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Sidney Poitier, who broke through racial barriers as the first Black winner of the best actor Oscar for his role in “Lilies of the Field,” and inspired a generation during the civil rights movement, has died at age 94, Bahamas Prime Minister Philip Davis said on Friday.
“It is with great sadness that I learned this morning of the passing of Sir Sidney Poitier,” Davis said in a speech broadcast on Facebook. “But even as we mourn, we celebrate the life of a great Bahamian: a cultural icon, an actor and film director, an entrepreneur, civil and human rights activist and, latterly, a diplomat.”
Poitier created a distinguished film legacy in a single year with three 1967 films at a time when segregation prevailed in much of the United States.
In “Guess Who’s Coming to Dinner” he played a Black man with a white fiancee and “In the Heat of the Night” he was Virgil Tibbs, a Black police officer confronting racism during a murder investigation. He also played a teacher in a tough London school that year in “To Sir, With Love.”
Poitier had won his history-making best actor Oscar for “Lilies of the Field” in 1963, playing a handyman who helps German nuns build a chapel in the desert. Five years before that Poitier had been the first Black man nominated for a lead actor Oscar for his role in “The Defiant Ones.”
His Tibbs character from “In the Heat of the Night” was immortalized in two sequels – “They Call Me Mister Tibbs!” in 1970 and “The Organization” in 1971 – and became the basis of the television series “In the Heat of the Night” starring Carroll O’Connor and Howard Rollins.
His other classic films of that era included “A Patch of Blue” in 1965 in which his character was befriended by a blind white girl, “The Blackboard Jungle” and “A Raisin in the Sun,” which Poitier also performed on Broadway.
“If you wanted the sky i would write across the sky in letters that would soar a thousand feet high.. To Sir… with Love Sir Sidney Poitier R.I.P. He showed us how to reach for the stars,” Whoopi Goldberg, Oscar winning actress and TV host, wrote on Twitter.
“The dignity, normalcy, strength, excellence and sheer electricity you brought to your roles showed us that we, as Black folks, mattered!!!,” Oscar winner Viola Davis tweeted.
Poitier was born in Miami on Feb. 20, 1927, and raised on a tomato farm in the Bahamas, and had just one year of formal schooling. He struggled against poverty, illiteracy and prejudice to become one of the first Black actors to be known and accepted in major roles by mainstream audiences.
Poitier picked his roles with care, burying the old Hollywood idea that Black actors could appear only in demeaning contexts as shoeshine boys, train conductors and maids.
“I love you, I respect you, I imitate you,” Denzel Washington, another Oscar winner, once told Poitier at a public ceremony.
As a director, Poitier worked with his friend Harry Belafonte and Bill Cosby in “Uptown Saturday Night” in 1974 and Richard Pryor and Gene Wilder in 1980’s “Stir Crazy.”
Poitier was knighted by Britain’s Queen Elizabeth II in 1974 and served as the Bahamian ambassador to Japan and to UNESCO, the U.N. cultural agency. He also sat on Walt Disney Co’s board of directors from 1994 to 2003.
STARTED ON STAGE
Poitier grew up in the small Bahamian village of Cat Island and in Nassau before he moved to New York at 16, lying about his age to sign up for a short stint in the Army and then working at odd jobs, including dishwasher, while taking acting lessons.
The young actor got his first break when he met the casting director of the American Negro Theater. He was an understudy in “Days of Our Youth” and took over when the star, Belafonte, who also would become a pioneering Black actor, fell ill.
Poitier went on to success on Broadway in “Anna Lucasta” in 1948 and, two years later, got his first movie role in “No Way Out” with Richard Widmark.
In all, he acted in more than 50 films and directed nine, starting in 1972 with “Buck and the Preacher” in which he co-starred with Belafonte.
In 1992, Poitier was given the Life Achievement Award by the American Film Institute, the most prestigious honor after the Oscar, joining recipients such as Bette Davis, Alfred Hitchcock, Fred Astaire, James Cagney and Orson Welles.
“I must also pay thanks to an elderly Jewish waiter who took time to help a young Black dishwasher learn to read,” Poitier told the audience. “I cannot tell you his name. I never knew it. But I read pretty good now.”
In 2002, an honorary Oscar recognized “his remarkable accomplishments as an artist and as a human being.”
Poitier married actress Joanna Shimkus, his second wife, in the mid-1970s. He had six daughters with his two wives and wrote three books – “This Life” (1980), “The Measure of a Man: A Spiritual Autobiography” (2000) and “Life Beyond Measure: Letters to My Great-Granddaughter” (2008).
“If you apply reason and logic to this career of mine, you’re not going to get very far,” he told the Washington Post. “The journey has been incredible from its beginning. So much of life, it seems to me, is determined by pure randomness.”
Poitier wrote three autobiographical books and in 2013 published “Montaro Caine,” a novel that was described as part mystery, part science fiction.
In 2009, Poitier was awarded the highest U.S. civilian honor, the Presidential Medal of Freedom, by President Barack Obama.
The 2014 Academy Awards ceremony marked the 50th anniversary of Poitier’s historic Oscar and he was there to present the award for best director.
(Reporting by Katharine Jackson; Editing by Howard Goller and Diane Craft)
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.
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.
News
Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain – CBC.ca
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.
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.
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.
We need to be doing everything we can to turn Canada into the best place for entrepreneurs to build 🇨🇦<br><br>What’s proposed in the federal budget will do the complete opposite. Innovators and entrepreneurs will suffer and their success will be penalized — this is not a wealth tax,…
—@harleyf
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.”
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.
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.
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
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?'”
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.
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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