The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay. It ...

As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in ...

The IRS just announced its plans to issue the payments starting later this month to 1 million taxpayers who didn't claim it while filing for their 2021 tax returns. "The IRS announced the special ...

Even with high inflation, though, the seven federal income tax rates generally don’t change. However, the federal income tax brackets tied to those rates shift. So, for the 2024 tax year (and ...

The Bank of England has held interest rates at 4.75% in December - following two falls in 2024. Interest rates affect the mortgage, credit card and savings rates for millions of people across the UK.

Bank of Japan (BoJ) Governor Kazuo Ueda explains reasons behind keeping interest rates intact at the December meeting while speaking at the post-policy meeting press conference on Thursday.

The average mortgage rate for buyers’ first homes in 42 big cities inched up to 3.08% in November from a record low of 3.05% in the previous month, the first increase since October 2021 ...

Marc Jones is a senior global markets correspondent based in London with a focus on economics, central banks, policymakers, and crises. Previously he worked in Frankfurt covering the European ...

The Fed cut its key interest rate Wednesday by a quarter-point ... On top of that, U.S. president-elect Donald Trump has proposed a range of tax cuts and a scaling-back of regulations that ...

The Federal Reserve cut interest rates by a quarter point, its third reduction this year, but suggested only two more reductions next year as inflation lingers. Actual target rate Latest ...

The rate cut was the latest maneuver in the Fed's efforts to bring the economy in for a "soft landing" from the high inflation that spiked in late 2021 and early 2022. High interest rates were ...

While borrowers may be hoping that the Fed's latest move helps to lower mortgage rates, the Federal Reserve's 25 basis point rate cut is unlikely to lead to a dramatic drop. Here's why ...