Blog

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…

Automated Cryptocurrency Apps Potentially A Scam

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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

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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

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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…
accounting

FreshBooks Secures US$130 Million in Funding for Expansion

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Accounting software provider FreshBooks is all set to boost its global expansion following a successful funding round that has netted it US$130 million. The company provides cloud accounting software solutions that aid small businesses in invoicing, receiving payments, filing taxes, and managing payroll. Its lead investors during this round include…
betting

Single Event Sports Betting Legalised

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Around Canada, ample regulation will need to begin to moderate a big change for the country’s economy. A new legal bill that allows betting has received royal assent. It has taken ten years to legalise Bill C-218. Legally, there will be now an option to lawfully bet on single-event sports…

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…