Tag: bank

BOC Announces Fourth Consecutive Interest Rate Hike

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Bank of Canada (BOC) has announced its fourth consecutive interest rate hike to 3.25%, the highest level since early 2008. It has further boosted the bank rate to 3.5% and the deposit rate to 3.25%. the latest hike is again part of measures being used to control spiralling inflation that…
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…

Wealth Tax On the Cards as Cliffhanger Elections Close

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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…
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.…