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Canada’s Inflation Rate Reaches Decade-Long High Of 3.6%

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Statistics Canada has confirmed a 3.6% increase in the consumer price index as of May. This is the highest inflation rate since May 2011. It is also a marked increase on April’s 3.4%. This increase has been attributed to the contrast in pricing from last year when the pandemic first…

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,…

High Percentage Of Entrepreneurs Opting To Sell Rather Than Go Public

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A recent study published by the University of Calgary indicates that there is a problem in the upscaling of businesses into public companies. While entrepreneurship continues to thrive in the Canadian market, very few of these companies end up going public. Instead, those that flourish are sold to other conglomerates…
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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…
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Report Highlights Muslim Profiling Problem At The CRA

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A recent report published by the National Council of Canadian Muslims (NCCM) and the University of Toronto has begun to attract attention after findings indicated that there may be biases in how the government has been undertaking audits of Muslim charities in the country. Titled “Under Layered Suspicion: A Review…