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Finance Minister Jim Flaherty is stepping into Canada’s mortgage insurance market once again.

In the federal budget tabled Thursday, Ottawa announced further steps to limit taxpayers’ exposure to the mortgage market by cracking down on banks’ ability to use bulk mortgage insurance as a tool to offset their risks and boost their bottom lines.

The move is the latest indication of Mr. Flaherty ...

If you are planning on buying a new home over the next two years, then you need to know about the 2% BC Transition Tax.

It is a new tax that comes into effect on April 1, 2013. It will apply to the sale of new residential homes that are 10% or more complete as of April 1, 2013. The 2% BC Transition Tax will end on March 31, 2015.

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OTTAWA -- Canadians who tip off the revenue agency on major international tax evasion cases could be rewarded with 15 per cent of the recovered money, Finance Minister Jim Flaherty announced in the federal budget Thursday, as part of an overall plan to boost "fairness and integrity" to the tax system.

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They are forecasting a flatline of price increases in the next decade, moving with the rate of inflation. Interesting details that they see a drop in prices over the next 3 years or so and then price rises above inflation for the latter part of the decade.

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Ottawa - 

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

The global economic outlook is broadly consistent with the Bank’s projection in its January Monetary Policy Report (MPR).  Global financial conditions remain stimulative, despite recen ...

Finance Minister Jim Flaherty is issuing a warning to the country’s banks, as stiff competition for mortgage customers is prompting lenders to cut rates heading into the key spring home-buying season.

“My expectation is that banks will engage in prudent lending – not the type of ‘race to the bottom’ practices that led to a mortgage crisis in the United States,” Mr. Flaherty said in a state ...