15 h. ago Is pension splitting worth it for a retired couple making about $70,000 annually?

FP Answers: Couple in their 70s also wonders if their children will inherit their debt

Economics

30 h. ago Q&A: Answering important questions about tax fraud in Toronto's construction industry

Construction in Toronto is a huge business — a $1-billion business, to be exact. With so much money flowing into this industry, there are plenty of contractors looking to keep some cash for themselves at the expense of workers' rights.Being paid off the books in cash is one of the oldest practices in the business, and it's a strategy some contractors use to evade taxes. Importantly, this common practice results in an "underground economy" where GTA workers have fewer rights on job sites — impacting their safety and equitable pay.This practice is so widespread that, for many general contractors, it quietly becomes an understood expectation. So much so that not only do we see it on GTA housing projects, but even workers on government-funded capital projects like bridges and highways are being paid in cash under the table.Stopping the fraudThe scale of this issue, and the general knowledge gap amongst the p...

Economics

31 h. ago Justin Bieber reps address ‘assumptions’ about his alleged financial debt

Recently, there has been concern for the Canadian singer after his introspective, brooding posts on social media.

Economics

31 h. ago Mitel Receives Court Approval of its Restructuring Plan, Clearing the Path to Capitalize on the Hybrid Market Opportunity

Company is expected to emerge from the restructuring process within the current calendar quarter with significantly reduced debt, improved capital structure, and renewed strategic focus on hybrid communications SUNNYVALE, Calif. — Mitel Networks Corporation, (together with certain affiliates, “Mitel” or “the Company”), a global leader in business communications, today announced that the U.S. Bankruptcy Court […]

Economics

33 h. ago Supreme Court of Canada clarifies treatment of student loan debt under bankruptcy law

OTTAWA — The Supreme Court of Canada says a person must wait seven years after completely finishing their post-secondary studies before they may be released from student loan debt under the federal bankruptcy law. The top court’s decision comes today in the case of a woman who received government student loans in the course of […]

Economics

34 h. ago Have a side hustle? Here’s what you need to know as tax filing deadlines draw near

You could be selling your art on Etsy or delivering late-night orders for Uber Eats. Maybe you dog-sit on weekends for out-of-town pet owners, or tutor kids who need help with their homework after school. No matter the side hustle, financial experts say it’s important to be aware of the rules surrounding your income declaration, […]

Economics

38 h. ago CIBC Innovation Banking Provides Funding to Traction Complete

VANCOUVER, British Columbia — CIBC Innovation Banking announced today that it has provided a debt financing facility to Vancouver-based Traction Complete. Traction Complete’s suite of Revenue Operations Data Management apps is designed to help organizations automate critical business processes to streamline sales, improve data quality, and optimize go-to-market strategies. Founded in 2019 when it spun […]

Other

39 h. ago The CRA needs a reset as it’s slipping up again despite its growing head count

Kim Moody: The taxman is wreaking havoc among tax filers for the third year in a row

Other

53 h. ago HAUBRICH: Carney needs to leave Ottawa’s expensive and failed gun policy behind

Liberal Leader Mark Carney rebuilt his party by scrapping failed policies like the carbon tax, but there’s one apparent failure he’s doubling down on.  Carney announced that, if elected, he will “reinvigorate the implementation” of Ottawa’s gun ban and buyback program.  Carney should be listening to law enforcement experts and scrapping the expensive and ineffective gun buyback, […]

Events

53 h. ago Police officer's use of force on man who died two days after was lawful, necessary and proportionate: ASIRT report

A report by Alberta’s civilian oversight team has found that police use of force on a man who died two days after he was arrested for impaired driving was lawful, necessary and proportionate “in all the circumstances.” The report shared on Wednesday by the executive director of Alberta Serious Incident Response Team (ASIRT), comes three […]

Events

55 h. ago Here’s what happened when a taxpayer claimed a swimming pool as a medical expense

Jamie Golombek: Ontario couple with a disabled son installed it for him during COVID in what tax judge called a ‘tragic’ case

Economics

56 h. ago Cause, manner of death undetermined after autopsy on body found in Holyrood: Edmonton police

The cause and manner of death are still unclear following an autopsy on the man found dead in a Holyrood parking lot on Sunday, Edmonton police said. Officers responded after 4:15 p.m. to a “suspicious circumstance complaint” at a community hall near 94 Avenue and Holyrood Road, police said in a Tuesday news release. When […]

Events

58 h. ago They met at grief camp after their spouses died. Now they’re married

Nancy Jalowiecki was holding mementos from her late husband – photos and his guitar pick – at a bereavement camp when her daughter Navah rushed toward her with news. Navah said she’d made a friend, a girl named Molly, whose mother had died weeks earlier of cancer. Molly’s father, Michael Sullivan, approached and said hello. […]

Events

61 h. ago PolicyMe Announces $30 Million CAD in Funding and Expanded Product Suite, Transforming Digital Insurance

PolicyMe has expanded from Life Insurance into a new Health & Dental offering and introduces an end-to-end white-labeled platform, advancing its mission to make insurance more effortless for Canadians. TORONTO — PolicyMe, Canada’s leading digital insurance provider, announced $30 million CAD in additional funding—secured through multiple tranches of equity and debt financing between 2023 and […]

Economics

3 d. ago Mexico Halts Fuel Imports at Texas Border as Inspections Ramp Up

Fuel shipments from Texas headed to Mexico have ground to a halt as the Mexican government cracks down on imports over tax payments.

Economics

3 d. ago These are the tax credits and deductions most commonly missed by Canadians

There are only a few more weeks of tax season left in Canada, so don't forget to claim any missed benefits, credits, and deductions.According to a new H&R Block Canada survey, nearly two out of three Canadians (65 per cent) report that they did not know they could amend their tax returns from the last 10 years to claim benefits, credits or deductions they were entitled to but missed."There are likely hundreds of thousands of Canadians who have left money on the table from missed credits and benefits from prior tax returns," said Yannick Lemay, H&R Block Canada tax expert, in the report."Meaning, if you filed a tax return and missed a credit or deduction you were entitled to in years past, you can go back to the Canada Revenue Agency [CRA] and amend the previous assessment."Despite knowing they can amend their prior tax returns, the report found that a whopping 72 per cent of Canadians say that amending it is "too much hassle."Lemay says the tax prep company's free ...

Economics

3 d. ago Carbon taxes on businesses still make life more expensive, Canadians say

44% of Canadians believe businesses pass on all of the carbon tax costs to the consumer

Economics

3 d. ago Verde Announces Court Approval of Debt Renegotiation Agreement

The Agreement Secures Extended Payment Terms and Reduced Interest Rates, Enhancing Liquidity SINGAPORE, April 15, 2025 (GLOBE NEWSWIRE) — Verde Agritech Ltd (TSX: “NPK”) (“Verde” or the “Company”) is pleased to announce that the civil court has homologated Verde’s Debt Renegotiation Agreement, as disclosed in press releases dated October 2, 20241 and November 11, 20242. […]

Economics

3 d. ago Inflation cooled to 2.3% in March as gas prices fell, StatCan says

OTTAWA — Canadians got a break on inflation in March even without a tax holiday as Statistics Canada says the pace of price increases slowed last month.  The agency says the annual inflation rate was 2.3 per cent in the month, down from 2.6 per cent in February.  StatCan says a drop in the price […]

Economics

3 d. ago Peabody Holds Off Private Debt Refinancing of $2.1 Billion Loan

Coal mining company Peabody Energy Corp. has held off seeking a $500 million private debt, which would help refinance an acquisition loan after the planned deal was put under review, according to people familiar with the matter.

Economics