Latest news with #EI
Yahoo
5 hours ago
- Business
- Yahoo
Ottawa posts $43.2-billion budget deficit for April-to-March period
Canada's federal budget had a deficit of $43.2 billion for the April-to-March period of the 2024-25 fiscal year, $7.7 billion less than the deficit for the same period the previous year, according to an initial report by the Department of Finance. Before net actuarial losses, the budgetary deficit was $39.1 billion, compared to $43.4 billion the prior year. For just the month of March 2025, the federal government posted a budgetary deficit of $23.9 billion, compared to $33.6 billion in March 2024. The deficit before net actuarial losses and gains was $23.5 billion, compared to $33.0 billion in the same period of 2023-24. Revenues increased by $5.9 billion or 15.2 per cent in March, mostly due to higher corporate income tax revenue. Revenues totalled $45 billion for the month, up 15.2 per cent from the previous year. The report said tax revenues were up by $5.6 billion or 19.1 per cent compared to March 2024, largely due to higher corporate income tax revenue. It said the results in March 2025 reflect a substantial increase in customs import duties from countermeasures in response to U.S. tariffs. Program expenses excluding net actuarial losses were down 4.7 per cent to $64.2 billion compared to March of last year. Election promises add up to a lot of red ink — but reality could be even worse Canada needs a full federal budget now to show where taxpayers' money is going Major transfers to persons, which consist of elderly benefits, EI benefits, COVID-19 income support for workers and children's benefits were up $1.5 billion or 14.0 per cent, the report said. • Email: dpaglinawan@
Irish Independent
18 hours ago
- Business
- Irish Independent
Jenny Melia appointed CEO of Enterprise Ireland
Jenny Melia has held a number of senior roles during her career with EI. She is a graduate of UCD with a PhD in Chemistry. Enterprise Minister Peter Burke TD confirmed the appointment. 'I want to congratulate Jenny Melia on her appointment as Chief Executive Officer of Enterprise Ireland. Jenny is a dedicated public servant, who has spent much of her career supporting and fostering the development of the Irish enterprise base through her impressive tenure with Enterprise Ireland, which spans almost three decades,' he said. The chairman of Enterprise Ireland, Michael Carey, said Jenny Melia was appointed after a highly competitive recruitment process. "She has an outstanding track record of providing clear vision and strategic leadership within the organisation, has established deep relationships working collaboratively with key stakeholders from across the ecosystem, and has worked extensively and directly with our client companies,' he said. Employment at companies supported by Enterprise Ireland rose to a record 234,454 earlier this year, and the organisation's new strategy sets out a number of ambitious targets for the Irish enterprise base, including plans to increase exports to €50bn by 2029.
Cision Canada
20-05-2025
- Business
- Cision Canada
Tax Tip - Discover the Canada Revenue Agency's options to help you settle your tax debt Français
OTTAWA, ON, May 20, 2025 /CNW/ - Did you receive a letter from the Canada Revenue Agency (CRA) telling you that you owe money? We understand this can feel stressful, but we can work with you to resolve your debt. Let us help you It's important that you read all correspondence you receive from the CRA. The information and directions in the letter will explain how you can pay your debt. It's better for you to contact us as soon as possible If you can't afford to pay your debt in full, or on time, contact us to discuss your situation. You may be able to: Calculate your ability to pay Pay your debt over time Find other ways to reduce or resolve your debt Change a payment arrangement Visit Debt collection at the CRA to learn more about the options that are available to help with your debt payment. Ignoring your debt does not make it go away If you don't pay or call to discuss your situation, the CRA can take steps to recover the amount you owe. Your benefit and credit payments, or tax refunds could be withheld and applied to your outstanding debt. Not filing can lead to a tax assessment being made on your behalf. Some tax credits and deductions that you or your business may be entitled to will not be included in the assessment. Visit Unfiled tax returns for more information on non-filers. Visit us on to: Please note The CRA collects on behalf of the Canada Border Services Agency (CBSA) and Employment and Social Development Canada (ESDC) for overpayments of Employment Insurance (EI), Canada Pension Plan (CPP), Old Age Security (OAS), other overpayments, and overdue student loans. The CRA also provides collection services for defaulted Canada Emergency Business Account (CEBA) loans on behalf of Export Development Canada (EDC). To make a payment to: Contacts Media Relations Canada Revenue Agency 613-948-8366 [email protected] Stay connected Follow the CRA on Facebook Follow the CRA on X – @ CanRevAgency Follow the CRA on LinkedIn Follow the CRA on Instagram Subscribe to a CRA electronic mailing list Add our RSS feeds to your feed reader Watch our tax-related videos on YouTube Listen to our Taxology podcast SOURCE Canada Revenue Agency
Business Standard
20-05-2025
- Business
- Business Standard
RVNL emerges as L1 bidder for Rs 179 cr signalling and telecom project
Rail Vikas Nigam (RVNL) announced that it has emerged as the Lowest Bidder (L1) for Rs 178.64 crore contract from IRCON International for the supply of signalling, telecommunications, and EIMWB (Electronic In-Motion Weighbridge) materials. As part of the order, RVNL will undertake the installation, testing, and commissioning of distributed/centralised Electronic Interlocking (EI) systems at 10 new stations: Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan, and Bhadi. Additionally, the scope of work includes setting up six new Intermediate Block Signalling (IBS) systems in key block sectionsBhingra-Putuwa, Putuwa-Matin, Sendurgarh-Putipakhana, Putipakhana-Bhadi, Bhadi-Dhangawan, and Dhangawan-Pendra Road. The company will also install and commission a new Section Control System along with headquarters and wayside train control communication systems in the Gevra RoadPendra Road section. The project further involves the installation of a new telephone exchange and IMVVBs (Integrated Multi-Voltage Voice Boxes) at designated locations, in addition to signalling and telecommunications upgrades. Modifications will be made to the existing Panel Interlocking Installation at Kusmunda Block Station (KBS) yard and the Electronic Interlocking System at the East Cabin of the SECL SILO Siding (KMKA) yard. The project is expected to be completed within 11 months, including the monsoon period, as per the terms outlined in the Special Conditions of Contract (SCC CI 12.0). The counter declined 2.92% to Rs 418.40 on the BSE.
Time of India
20-05-2025
- Business
- Time of India
RVNL shares in focus on winning Rs 178.64 cr project from IRCON International
Synopsis RVNL shares: The contract covers the provision, installation, testing, and commissioning of signalling, telecommunications, and Electronic Interlocking (EI) systems at ten new stations: Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan, and Bhadi.
