New findings from Foodbank Australia reveal a deepening food insecurity crisis, prompting renewed calls for the Federal Government to introduce a National Food Donation Tax Incentive. The Hunger Report shows that food insecurity is no longer confined to low-income households.…

After a major sell-off that wiped out more than NZ$800 billion, US markets rebounded overnight. However, financial experts warn that the turbulence may not be over. For Kiwi investors, the volatility highlights how closely New Zealand’s economy is tied to…

The bank’s latest report warns that the mortgage renewal “payment shock” will peak in 2026. This will occur when a wave of homeowners from the low-interest pandemic years face significantly higher borrowing costs. Overall household credit quality remains strong. Insolvency…

The review found that only a small fraction of people seeking help from CRA call centres received the correct answers to their tax-related questions, while many others faced long wait times and inconsistent guidance. For many Canadians, the CRA is…

After years of flexibility during the pandemic, the department is stepping up efforts to collect overdue payments and close a growing tax debt gap. IR has sent out tens of thousands of notices warning that deductions could be made from…

The original idea aimed to double the tax rate on earnings from super balances over $3 million. This was designed to limit generous tax breaks that mainly benefit high-income earners. While only about 80,000 Australians currently have accounts above that…

The move has drawn comparisons to the ATO’s controversial 2023 “robotax” initiative, which was suspended following public backlash. Under this new campaign, some Australians have discovered previously unseen debts appearing on their online tax portals, in some cases dating as…

While the move aims to stimulate growth and control inflation, its most immediate impact will be felt in the wallets of everyday New Zealanders. By cutting interest rates more than expected, the Reserve Bank is helping to reduce borrowing costs…

This initiative, part of the federal government’s cost-of-living support plan, is designed to help low- and middle-income households cope with rising grocery prices and persistent inflation that continue to stretch family budgets. The CRA has confirmed that payments will begin…

The issue stems from new tax rules introduced in 2022 that required certain trusts, including so-called “bare trusts,” to be reported to the Canada Revenue Agency (CRA). These rules were intended to tackle tax avoidance, money laundering, and other illicit…