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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…

Multimillion-dollar fraud case

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Four Canadian women are facing charges for faked invoices, expenses and sales. They have allegedly committed multiple instances of tax fraud, all of whom have pleaded not guilty and will be representing themselves in their upcoming court case despite suggestions to seek professional legal advice. The women claim to own…

Inflation is a looming threat for Canada’s economy

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Inflation is a big topic of conversation for the Bank of Canada. The Canadian economy struggles following the aftereffects of the Covid-19 pandemic. Statistics Canada has confirmed the Canadian inflation rate had reached 3.1% in June. Shelter and transportation prices were found to have risen while those for food, women’s…

Senior Managers Likely To Resign As Canada Enters Post-Pandemic Era

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Recent research conducted in April 2021 by LifeWorks and Deloitte Canada indicates that about a quarter of all senior leaders are considering resigning post-Covid. A senior leader is considered anyone two levels below that of the chief executive. The study surveyed about 1,200 senior leaders across nine industries. The study…