Tag: Tax

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…
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

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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…

Canada Registers Record-High Trade Surplus In June

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In a surprising turn, Canada has posted a trade surplus of C$3.23 billion for the month of June. This is the highest surplus on record since a figure of C$3.45 billion was registered in September 2008. The record set is all the more impressive given analysts’ prediction that trade would…

Uber Canada Shifts Base From Netherlands To Canada

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Uber Canada’s ride hailing and food delivery business is set to relocate from the Netherlands to Canada from July 1. This is the culmination of a transfer process that started in 2018. This change will put into effect sales taxes that will go to the government. Uber has confirmed that…

CBC Shines Spotlight On Offshore Tax Evasion

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In a Fifth Estate news report, the Canadian Broadcasting Corporation (CBC) has revived the story of how wealthy KPMG clients may be dodging taxes through secret offshore havens. This was done by highlighting the case of the Coopers. After having amassed a fortune from selling scrap metal in South Africa,…