Given the growing frequency and intensity of severe weather events around the world, like hurricanes, wildfires, floods and violent storms, households have had to make increasingly costly home insurance claims. Canada has not been spared; it even saw a record year for damages in 2024, caused particularly by flooding in Quebec and Ontario, and by wildfires and a hailstorm in Alberta. Consequently, insurers in Canada and abroad have raised premiums, tightened underwriting standards or withdrawn...| HillNotes
One of Parliament’s fundamental roles is to review and approve the government’s taxation and spending plans. To fulfill this role, parliamentarians follow the parliamentary financial cycle, which consists of a continuous loop of activities that take place throughout the calendar year. Because the federal government’s fiscal year begins on 1 April and ends on 31 March, activities that take place during a single calendar year may relate to different fiscal years.| HillNotes
The federal budget outlines the government’s revenue estimates and expenditure priorities for the fiscal year. It is a key component of the parliamentary financial cycle. The outlook for budgetary revenues and expenses can be found in tables A1.6 and A1.7 of Budget 2024.| HillNotes