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Fragile Gaza Truce Struggles Amid Renewed Clashes

                                           Palestinians walk past the rubble of destroyed buildings in Gaza City Efforts to sustain peace in Gaza remain tenuous as violence between Israeli forces and Hamas continues to undermine a ceasefire agreement signed in early October. Despite international acclaim for the truce, progress toward lasting stability has been slow, with fresh clashes highlighting the fragility of the deal. On November 24, Israeli forces killed three Palestinians near the demarcation line separating areas of Israeli control. According to Palestinian medics, two were killed and another wounded by a drone strike east of Khan Younis, while a tank shell claimed another life in Gaza City. Israel’s military stated that its actions targeted “terrorists” crossing into restricted zones, posing an immediate threat to troops. The ceasefire, brokered...
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Trudeau's Resignation and CRA's Persistent Issues: A Taxpayer's Dilemma

 

The resignation of Prime Minister Justin Trudeau has thrown the proposed capital gains tax hike into uncertainty. Initially introduced in the April 2024 federal budget, the capital gains inclusion rate proposals aimed to increase the inclusion rate from 50% to 67%. However, with Trudeau's resignation and the prorogation of Parliament, these proposals are now on life support.

The Canada Revenue Agency (CRA) has stated that it will continue to apply the proposed increases even if an election is called. This decision has sparked controversy, with critics arguing that the CRA's administrative policies are not being respected. Despite the political chaos, the CRA maintains that its long-standing practice of asking taxpayers to file based on proposed legislation is proper and grounded in parliamentary convention.

The uncertainty surrounding the capital gains tax hike and the CRA's handling of the situation has left taxpayers in a difficult position. As the political landscape continues to shift, the future of the capital gains proposals remains unclear.


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