Tag: Technology

BC EV Rebate Program Amended

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British Columbia’s (BC) electric vehicle (EV) rebate program has proven popular over the years. To the extent, it has severally run out of funds. However, this has prompted concern that perhaps the program has not been assisting ordinary citizens, but rather those that could have easily afforded such vehicles even…

Two Canadian Men Scammed Out of a Combined $25,000

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Criminals impersonating Canada Revenue Agency officials have been scamming people by approaching them with fraudulent complaints, which they then offer to resolve via Bitcoin. Canadian Police have sent out warnings to citizens, urging caution if they are confronted over related issues. Up to CAD $25,000 has been leeched off of…

Canada Revenue Agency is Investigating Failed Cryptocurrency Exchange QuadrigaCX

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The Canada Revenue Agency is auditing QuadrigaCX’s corporate tax returns, according to the bankruptcy trustee overseeing its case. The CRA sent a letter to bankruptcy trustee Ernst & Young announcing that it will be reviewing QuadrigaCX’s tax corporate tax returns ranging from 2015 to 2018. QuadrigaCX was Canada’s largest cryptocurrency…

Canada’s Complex Tax System Lost Millions in Revenue

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As Canada’s tax system continues to grow in complexity, it may be losing its ability to function as intended. The country lost an estimated $169 million in potential tax revenue on foreign digital products and services in 2017, according to an Auditor General’s report released on May 7, 2019. The…