The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Tax breaks for banks, commuters, teachers and more are renewed in final 2014 push by Congress
– canadianbusiness.com
WASHINGTON – Banks, retailers, commuters and teachers will keep their temporary tax breaks for another year after Congress gave final approval Tuesday to a massive tax package affecting millions of businesses and individuals.
The last-minute bill would extend the expired tax breaks through the end of the year, enabling taxpayers to claim them on their 2014 tax returns. Beyond this year, their fate will once again be uncertain.
The package now goes to President Barack Obama, who is expected to sign it. It would add nearly $42 billion to the budget deficit over the next decade, according to congressional estimates.
The 54 tax breaks benefit big corporations and small businesses, as well as struggling homeowners and people who live in states without a state income tax. More narrow provisions include tax breaks for filmmakers, racehorse owners and rum producers in Puerto Rico and the Virgin Islands.
The Senate voted 76-16 to approve the package Tuesday evening as lawmakers rushed to finish their work before heading home for the holidays…
The last-minute bill would extend the expired tax breaks through the end of the year, enabling taxpayers to claim them on their 2014 tax returns. Beyond this year, their fate will once again be uncertain.
The package now goes to President Barack Obama, who is expected to sign it. It would add nearly $42 billion to the budget deficit over the next decade, according to congressional estimates.
The 54 tax breaks benefit big corporations and small businesses, as well as struggling homeowners and people who live in states without a state income tax. More narrow provisions include tax breaks for filmmakers, racehorse owners and rum producers in Puerto Rico and the Virgin Islands.
The Senate voted 76-16 to approve the package Tuesday evening as lawmakers rushed to finish their work before heading home for the holidays…
Indian low budget airline SpiceJet grounded after oil companies stop supplies of jet fuel
– canadianbusiness.com
NEW DELHI – Low-cost Indian airline SpiceJet has grounded all flights after oil companies stopped supplies of jet fuel to the financially beleaguered carrier.
No SpiceJet flights had taken off Wednesday, Press Trust of India reported.
India’s civil aviation ministry Tuesday asked state-owned oil companies and airport operators to extend credit to SpiceJet for 15 days to prevent the airline from shutting down. But oil marketing companies are refusing to supply jet fuel to SpiceJet.
The aviation ministry also said it would ask Indian banks to extend loans of around 6 billion rupees ($95 million) to the airline to keep it afloat.
Like many Indian airlines, SpiceJet has been hit by high fuel costs and a weak rupee.
The post Indian low budget airline SpiceJet grounded after oil companies stop supplies of jet fuel appeared first on Canadian Business.
No SpiceJet flights had taken off Wednesday, Press Trust of India reported.
India’s civil aviation ministry Tuesday asked state-owned oil companies and airport operators to extend credit to SpiceJet for 15 days to prevent the airline from shutting down. But oil marketing companies are refusing to supply jet fuel to SpiceJet.
The aviation ministry also said it would ask Indian banks to extend loans of around 6 billion rupees ($95 million) to the airline to keep it afloat.
Like many Indian airlines, SpiceJet has been hit by high fuel costs and a weak rupee.
The post Indian low budget airline SpiceJet grounded after oil companies stop supplies of jet fuel appeared first on Canadian Business.
