Blog

A New Platform For Accountants

Blog
Countable just arrived to the accounting scene and it promises to shake up how accountants practice. It is an online platform that can help small to mid-size firms streamline their practice. It is designed to free up time by automating workflow. The platform is a ‘one-stop’ solution for everything from…
bank

Banking Sector Braces for New Tax Following Liberal Minority Win

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Following Justin Trudeau’s Liberal Party win, big banks should expect changes that will see them pay more taxes. Having won just enough seats to form a minority government, the Liberals are expected to deliver on election promises that included a 3% surtax on profits exceeding $1 billion made by banks…
housing

Rising Property Prices Not Due To Lack Of Supply

Blog
Canada’s housing crisis is not just local to Canada but felt around the world. Shelter and housing are a human right yet high house prices and affordability is at an all-time low. High prices can be partially attributed to shortage of supply, but that’s not the only reason and building…

Wealth Tax On the Cards as Cliffhanger Elections Close

Blog
One of the most highlighted issues during the elections has been the desire to see Canada’s wealthiest pay their fair share of taxes. The New Democratic Party (NDP) and conservatives have put forward proposals that would see an overhaul to the current tax system. NDP is seeking to introduce a…

Automated Cryptocurrency Apps Potentially A Scam

Blog
Cryptocurrency has continued to grow in interest, and many investors big and small are interested in investing in digital currencies for the first time. With this, new exchanges and ways to make money are being created. A new platform created is called Bitcoin Rush. Bitcoin Rush is a software that…
financial

Financial Literacy Workshop For Kids

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Free online workshops have just been launched to help kids with their financial literacy. Money management is a key skill in life that hasn’t always been taught in school curriculum. This virtual online series released by CPA Canada and Canada Life will be able to teach kids fundamentals of finance.…
issb

Canada Bids to Host ISSB Headquarters

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Finance Minister Chrystia Freeland has made a bid to have the International Sustainability Standards Board (ISSB) headquartered in Canada. The ISSB is a new global body established by the International Financial Reporting Standards (IFRS) Foundation to govern sustainability-related reporting. The body is set to be unveiled ahead of the COP26…

Cryptocurrency Trading Sees A Rise

Blog
Cryptocurrency is finally stripping itself of its old title as a fad, and is seeing widespread adoption. Particularly a lot more investing is happening in Canada. A lot of speculation is normal surrounding a new concept, especially a digital currency that is separate from the government. However nowadays holding cryptocurrency…
real estate

Trudeau taxing banks to help real estate market

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With the Canada election looming, Liberal leader Justin Trudeau has made a new promise to fulfil another. He had previously promised to help young Canadians enter the housing market. Trudeau’s housing market plan involves billions in funding to try stop ‘home flipping’ and to regulate overseas investors buying properties. Additionally,…
wealth

Wealth Tax This Election

Blog
With the 2021 Canada Election looming for September 20, the wealthy are bracing for potential tax changes. Many Canadians are voting with tax and income equality in mind and the New Democratic Party (NDP) will be the reason why a wealth tax may be implemented. If voted in, the NDP…