Tag: finance

Bank of Canada Worried by Mounting Household Debt

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With mortgage rates expected to be renewed at higher levels in the coming years, the Bank of Canada is worried that many households that are overly burdened by debt may not be able to absorb the financial shock. The issue of growing household debt loads was a recurring theme in…

Calls To Suspend Carbon Tax Implementation Rise

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As fuel prices continue to rise, there are growing calls for the Canadian government to put a freeze on the implementation of the carbon tax set to go into effect as of April 1. The planned increase will raise the federal carbon tax by 2.2 cents, pushing the total carbon…
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…
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,…
business

KPMG’s Finance Plus Brings Accounting Solutions Closer To Home For SMBs

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This week saw KPMG launch its Finance Plus cloud accounting product targeted at small to medium sized businesses (SMBs). It will help them to handle bookkeeping and financial reporting within the safety and convenience of the cloud. All that they update will be checked for correctness by an experienced KPMG…