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News

  • Scotiabank strikes $2.6-billion deal for MD Financial
    Scotiabank strikes $2.6-billion deal for MD Financial

      Scotiabank strikes $2.6-billion deal for MD Financial Source: The Globe and Mail  Authors: JAMES BRADSHAW, JACQUELINE NELSON, TIM KILADZE Bank of Nova Scotia is extending a string of acquisitions with a $2.6-billion deal to buy MD Financial Management, a leading wealth-management company...

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  • VIP associated with Chinese officials gambled with $490k at BC casino
    VIP associated with Chinese officials gambled with $490k at BC casino

    VIP linked to top Chinese officials, real estate, corruption allegations, gambled with $490k at B.C. casino Source: Global News Author: Sam Cooper A River Rock Casino VIP with links to high-ranking officials in China gambled with about $490,000 received in...

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  • Michaelle Jean in battle for re-election after expenses questions
    Michaelle Jean in battle for re-election after expenses questions

    An embarrassment to Canada’: After expenses questions, Michaelle Jean in tough battle for re-election Source: National Post Author: Morgan Lowrie MONTREAL — Praise flowed in from politicians of all stripes when former governor general Michaelle Jean was named the first...

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  • Canadian business directors expect our economy to get worse
    Canadian business directors expect our economy to get worse

    A third of Canadian business directors expect our economy to get worse Source: Financial Post Author: Jesse Snyder OTTAWA — Optimism about the Canadian economy among business directors has waned over the past year, according to a new survey, as...

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  • More than 1000 CRA employees disciplined
    More than 1000 CRA employees disciplined

    More than 1,000 CRA employees disciplined for misconduct over past 4 years Source: CBC News Author: Elizabeth Thompson The Canada Revenue Agency has disciplined more than 1,000 employees for professional misconduct over the past four years — on average one case...

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  • Federal deficit to come in near $19.4 billion
    Federal deficit to come in near $19.4 billion

    Federal deficit on track to come in near $19.4-billion for 2017-18: report Source: The Globe and Mail Author: Bill Curry Ottawa recorded a $10.6-billion deficit in March and now expects the final deficit figure for 2017-18 will be in...

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  • CIBC in tax battle with CRA
    CIBC in tax battle with CRA

    CIBC in tax battle with CRA over alleged ‘dividend rental arrangements’ Source: Financial Post Author: Geoff Zochodne The Canadian Imperial Bank of Commerce is fighting a tax reassessment that could cost it hundreds of millions of dollars after it was...

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  • Alberta tax advantage exists for the poor and rich
    Alberta tax advantage exists for the poor and rich

    Alberta’s income tax ‘advantage’ exists for the poor and the rich, but not those in between Source: CBC News Author: Robson Fletcher Alberta governments of every stripe love talking about the “tax advantage” in this province. And it’s generally true...

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  • Cryptocurrency Exchange to Give Customer Data to Government
    Cryptocurrency Exchange to Give Customer Data to Government

    Tax Evasion: Bitfinex Cryptocurrency Exchange Set to Give Out Customer Data to Government Source: BTCManager.com In a notice sent out to its clients, Bitfinex has made it clear that clients must compulsorily send in their tax information so that it will,...

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  • Canadians may eventually owe tax on their US stocks
    Canadians may eventually owe tax on their US stocks

    The little-known IRS rule that may have some wealthy Canadians eventually owing taxes on their U.S. stocks Source: The Globe and Mail Authors: Benj Gallander, Ben Stadelmann One of the great things about writing an investment letter is the opportunity to...

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