Alberta NDP scraps tax credit plan to reward business for new hires + MORE Apr 12th

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EDMONTON – Alberta’s NDP government has scrapped a plan that was intended to create up to 27,000 jobs this year by rewarding businesses that hired new employees.
The incentive program once hailed by Premier Rachel Notley planned to offer tax credits worth $89 million in the first year for businesses putting new people to work.
Hiring was to be encouraged by refunding 10 per cent of each new employee’s salary to a maximum salary of $50,000.
Economic Development Minister Deron Bilous said employers in the business community just didn’t like the idea.
“In response to a great deal of feedback, we have decided not to proceed with the Job Creation Incentive Plan,” Bilous said in a speech Monday.
The two-year program was to be launched this spring and could have cost the government up to $178 million in total.
Bilous said the NDP will introduce a new plan in Thursday’s budget that is to include $10 million to support innovation and job creation in Calgary and Edmonton…

Continue Reading On macleans.ca »

How to consolidate debt

– moneysense.ca

If you feel pinched making payments on your debts, it may make sense to roll them all into one monthly bill. But bear in mind that while it’s meant to ease your debt situation, you’ll need to qualify for that lower-interest consolidation loan. Here’s how to stack the odds in your favour.
1. Choose your battles
Not all debts are worth consolidating. The most common contenders are high-interest, unsecured consumer debts like credit cards and personal loans. Things like student loans are better dealt with separately as you are eligible for tax credits on interest.
2. Review your budget
You should know how much you can realistically pay per month against your debts. Take a hard look at your expenses and decide what you can spare to pay down your loans. You’ll need to have this figure ready if and when you approach a consolidator.
3. Choose your consolidation method
Now you have some options: You could consider a consolidation loan, take on a secured or unsecured line of credit, or refinance your home…

Continue Reading On moneysense.ca »

EDMONTON – Alberta’s NDP government has scrapped a plan that was intended to create up to 27,000 jobs this year by rewarding businesses that hired new employees.
The incentive program once hailed by Premier Rachel Notley planned to offer tax credits worth $89 million in the first year for businesses putting new people to work.
Hiring was to be encouraged by refunding 10 per cent of each new employee’s salary to a maximum salary of $50,000.
Economic Development Minister Deron Bilous said employers in the business community just didn’t like the idea.
“In response to a great deal of feedback, we have decided not to proceed with the Job Creation Incentive Plan,” Bilous said in a speech Monday.
The two-year program was to be launched this spring and could have cost the government up to $178 million in total.
Bilous said the NDP will introduce a new plan in Thursday’s budget that is to include $10 million to support innovation and job creation in Calgary and Edmonton…

Continue Reading On macleans.ca »

A group of bank and credit unions in three Ontario cities plan to offer interest discounts to businesses that hire people from some disadvantaged groups.

Continue Reading On cbc.ca »

Credit limits for subprime consumers are down from a year ago

Continue Reading On creditcards.com »

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