👉In an official statement, the province announced that this year's rate adjustment will align with the national consumer price index, augmented by one percentage point from the preceding April's minimum wage. This results in a 4.7 percent increase from the April 2023 rate. The adjustment adheres to the formula recommended by Nova Scotia's minimum wage review committee, comprising an equal representation of employee and employer representatives. Jill Balser, the Minister of Labour, Skills, and Immigration, emphasized in the news release that the increase reflects the perspectives of both employers and workers, aiming for a balanced approach to minimum wage increments.✅ Previous changes to minimum wage: April 1, 2022 - $13.35 an hour. Oct. 1, 2022 - $13.60 an hour. April 1, 2023 - $14.50 an hour. Oct. 1, 2023 - $15 an hour. 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 . . #GasTax #Manitoba #Alberta #TaxPolicy #EnergyNews #CanadianEconomy #FuelPrices #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Finance Minister Chrystia Freeland advocates for increased competition in Canada's grocery sector as consumers grapple with rising food prices, following higher sales and profits reported by major grocers Loblaw and Metro. Freeland emphasizes the need for significant changes to Canadian competition law to stabilize food prices, expressing willingness to utilize tax policy and all available tools. Loblaw's third-quarter profit rose to $621 million, and Metro's fourth-quarter profit increased to $222.2 million. As Canadians seek to save on food costs, both companies are converting stores to discount banners, experiencing higher sales growth in private-label brands. The federal government previously urged major grocers to stabilize food prices, but Conservative Leader Pierre Poilievre questions the efficacy of such efforts. The Competition Bureau underscores the importance of increased grocery sector competition to control food prices. Legislation strengthening the Competition Bureau's powers has been introduced in September, aiming to enhance market studies and prevent collaborations detrimental to competition.✅ . . #GroceryCompetition #FoodPrice #CanadianEconomy #CompetitionLaw #TaxPolicy #ConsumerCosts #InflationChallenge #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Ontario's finance minister, Peter Bethlenfalvy, confirms the province's next budget, scheduled for March 26, will not include tax increases. Bethlenfalvy emphasizes the government's commitment to rebuilding the economy without additional tax burdens. Although details are scarce, he assures a focus on affordability for individuals and businesses. Recent projections indicate a $4.5 billion deficit for the fiscal year, significantly higher than earlier forecasts. The financial impact of the courts' ruling on the unconstitutional Bill 124 is also noted, leading to increased spending on public sector compensation. The path to budget balance remains uncertain amid these challenges.✅ . 𝐄𝐱𝐩𝐞𝐫𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐞- 𝐀𝐭 𝐚 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐩𝐥𝐚𝐜𝐞 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮! 𝐉𝐨𝐦 𝐌𝐚𝐭𝐭𝐚𝐦 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 +𝟏 𝟔𝟒𝟕 𝟗𝟐𝟎 𝟔𝟓𝟑𝟎 𝐣𝐨𝐦.𝐦𝐚𝐭𝐭𝐚𝐦@𝐜𝐢𝐛𝐜.𝐜𝐨𝐦 @jom_mattam . . #OntarioBudget #TaxPolicy #EconomicRecovery #AffordabilityFocus #FiscalUpdate #BudgetDeficit #Bill124 #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉In an effort to lessen the impact of inflation on drivers, Manitoba offers relief by suspending a 14 cent per litre fuel tax for a period of six months. On the other hand, after being suspended for almost two years, Alberta reinstates a petrol tax of nine cents per litre. According to Alberta's Finance Minister, Nate Horner, there could be savings if oil prices remain at the current level of US$80 per barrel because the tax rate is correlated with average oil prices. Although opposition requests are made, British Columbia and Saskatchewan decline similar relief, and Ontario extends its petrol tax break until June.✅ . . #GasTax #Manitoba #Alberta #TaxPolicy #EnergyNews #CanadianEconomy #FuelPrices #mnm #malayalisnearmeapp #canadaupdate #canadanews