A new tax of 0.5% could disrupt the hemp industry in Canada - Newsweed

As a new DC Mayor and DC Council face budget spending pressures and slow revenue growth, one idea that has begun appearing is a Business Activity Tax, or BAT. The Fair Budget Coalition urges the creation of “a Business Activity Tax (BAT) to ensure all businesses pay their fair share of DC’s business taxes,” citing an estimated $500 million in extra revenue at a 2% rate. Likely next Mayor Janeese Lewis George has expressed openness to a BAT, and the D. C. Council has directed the Chief Financial Officer to report on the feasibility of a BAT by January 2027. The D. C. Fiscal Policy Institute writes that a BAT “would make business taxation fairer and more racially equitable while raising significant revenue for the District.” The D. C. Tax Revision Commission considered a plan to impose a 0.9% BAT (including a 0.5% rate on nonprofits) and use the revenue to reduce other business taxes, but ultimately did not produce a report of recommendations in large part due to opposition to the proposed tax. No other state imposes a BAT, nor is the concept familiar even to tax experts.

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TorontoPublished: October 17, 2026 at 2:31p.m. EDTThe next Lotto Max draw is on Tuesday, Oct. 20, 2026. The largest lottery prize ever offered in Canada is still up for grabs after there were no winners for Friday’s Lotto Max draw. The winning numbers were 01, 11, 13, 36, 41, 43, 51. The next draw for the $90 million Lotto Max will take place on Tuesday, Oct. 20. The jackpot is unchanged, as $90 million is the cap. While no one claimed the jackpot on Friday, the Ontario Lottery and Gaming Corporation said four Maxmillion tickets worth $1 million each were sold in Ontario. Fourteen other tickets won $100,000 each, including seven in the Greater Toronto Area. Tuesday’s draw will also feature 20 Maxmillions prizes worth $1 million each and at least 90 Maxplus prizes worth $100,000 each. How to set CP24 as your preferred source on GoogleHow to set CTV News as your preferred source on Google