News of the day: Alaska mining dispute, donating to CRA, jet fuel prices, foreign-held precious metals, retirement strategies and more

Prospectors work in northwestern B.C. The Golden Triangle is a key focus for both federal and provincial governments due to its role in Canada’s critical minerals strategy. Photo by Roca Mines

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It’s Thursday, April 23. Here are the top stories we’re following today.

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Republican Alaska Senator Dan Sullivan reignited a decade-long cross-border dispute about the effect mining in northwestern B.C. has on rivers flowing into Alaska, underscoring a growing disconnect between political pressure and the regulatory framework governing projects in one of Canada’s most important mining districts and what that could mean for investment as activity accelerates in the region.

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You can donate all or a portion of your refund to help pay down the debt in Canada’s largest province, which, as of the latest budget, is poised to exceed $485 billion. Photo by Getty Images

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Every time someone tells me they are “willing to pay more taxes,” it usually means they are happy to have someone else pay more. But here’s what those people can do. Put up or shut up. How many people preparing their taxes and getting a refund are willing to hand that cheque back to the government, or cut an even larger “donation” to the government? It turns out not that many.

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No airline in the world can escape the higher cost of jet fuel. Along with labour, fuel is one of the industry’s biggest operating expenses. Photo by Asanka Ratnayake/Getty Images

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The Financial Post looks at what makes aviation fuel pricier to produce, why Canada is somewhat insulated from the supply shortage and how airlines are responding.

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According to the Canada Revenue Agency, registered bars of gold, silver and other precious metals have a physical existence, and therefore can be considered tangible property situated outside Canada. Photo by Michaela Handrek-Rehle/Bloomberg

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A new technical interpretation released by the Canada Revenue Agency this week suggests that investors who have a beneficial interest in physical gold or other metals may have an obligation to file Form T1135, Foreign Income Verification Statement if the cost of their metals was more than $100,000 at any time in the prior year.

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There are practical ways to supplement your retirement income without sacrificing the lifestyle you have built. Photo by Getty Images/iStockphoto

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After decades of work, retirement is supposed to feel like freedom, and for many Canadians it did, until costs for groceries and essentials soared. What was once a comfortable retirement income in 2021 now does not go as far.

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