Updated tax-avoidance proposals include new penalty
Tax lawyers express concerns about overreach as Ottawa proposes to revamp the general anti-avoidance rule
- By: Michael McKiernan
- September 12, 2023 September 11, 2023
- 06:00
Latest news in Industry News
CRA offers minor relief on reportable transactions
The 90-day deadline for the first mandatory disclosures under the new law is Sept. 20
- By: Michael McKiernan
- September 11, 2023 September 11, 2023
- 10:31
New alternative minimum tax regime to raise $2.6B: PBO
Canadians making above $300,000 to contribute 98% of total AMT
- By: Rudy Mezzetta
- September 8, 2023 April 10, 2025
- 16:08
IRS plans crackdown on 1,600 millionaires to collect back taxes
Artificial intelligence is playing a big role in identifying wealthy tax dodgers
- By: Fatima Hussein, The Associated Press
- September 8, 2023 September 8, 2023
- 12:02
Don’t jump hastily into Canada’s cross-border advice market
More wealth firms have entered the U.S.-Canada cross-border space in recent years. But are they ready?
- By: Katie Keir
- September 7, 2023 September 7, 2023
- 18:31
Poland bank governor says large interest rate cut justified by falling inflation
The central bank cut its reference rate from 6.75% to 6%
- By: Vanessa Gera, The Associated Press
- September 7, 2023 September 7, 2023
- 16:12
Bank of Canada may need to raise rates again, despite this week’s hold: Macklem
In a speech on Thursday, BoC governor said reining in inflation is the best way the central bank can support the economy
- By: Nojoud Al Mallees, Canadian Press
- September 7, 2023 September 7, 2023
- 15:59
FSRA revokes licence of life agent who sold repeat policies
Alleged misconduct included untrustworthiness, fraud and deception
- By: IE Staff
- September 7, 2023 September 7, 2023
- 15:53
Former FTX crypto executive pleads guilty to making millions in illegal U.S. campaign contributions
Exec is the fourth high-ranking official at the company or its affiliates to plead guilty to criminal charges
- By: Jake Offenhartz, The Associated Press
- September 7, 2023 September 7, 2023
- 15:33
Help clients find lost bank accounts and insurance policies
Although there are tools to help, financial advisors still say it’s best to maintain updated information
- By: Jonathan Got
- September 1, 2023 September 27, 2023
- 15:00
120 CRA employees fired for claiming Covid benefits while employed
The CRA said in July that it had let 20 employees go as a result of its CERB investigation
- By: The Canadian Press
- September 1, 2023 September 1, 2023
- 12:15
RBC takeover of HSBC Canada approved by Competition Bureau
Nonetheless, the bureau found evidence of several instances when HSBC Canada’s lineup had influenced RBC’s offerings
- By: The Canadian Press
- September 1, 2023 September 1, 2023
- 10:06
CRA extends deadlines for taxpayers affected by wildfires
Relief of penalties and interest may also be available to affected people and businesses
- By: IE Staff
- September 1, 2023 September 1, 2023
- 09:56
CIBC profits down on higher loan loss provisions after revised economic outlook
Full-time employee equivalent count was down 1,709 from Q4 of 2022
- By: Ian Bickis, The Canadian Press
- August 31, 2023 August 31, 2023
- 15:11
National Bank Q3 profit edges higher, provision for credit losses also up
Revenues in wealth management increased 6% year over year
- By: Ian Bickis, The Canadian Press, IE Staff
- August 30, 2023 August 30, 2023
- 13:14
U.S. economic growth for last quarter revised downward
Consumer spending showed a decent gain but was down from Q1
- By: Paul Wiseman, The Associated Press
- August 30, 2023 August 30, 2023
- 11:42
Conquest partners with CapIntel
Deal brings Conquest software to CapIntel platform
- By: IE Staff
- August 30, 2023 August 29, 2023
- 09:01
Scotiabank loan growth slows on cautious approach, deposit focus
The bank's wealth management profits declined from the previous quarter
- By: Ian Bickis, The Canadian Press
- August 29, 2023 August 29, 2023
- 14:10
BMO earnings hit by severance, legal costs as it focuses on containing expenses
Costs related to layoffs totalled $223 million, though the bank didn't disclose the number of employees let go
- By: Ian Bickis, The Canadian Press
- August 29, 2023 August 29, 2023
- 13:15
Survey reveals age divide in use of AI for finances
Many who remain skeptical may be using the technology already
- By: IE staff, with files from Canadian Press
- August 28, 2023 August 28, 2023
- 14:15
Five things to watch for in the Canadian business world this week
Bank earnings continue, with jobs and GDP data later in the week
- By: The Canadian Press
- August 28, 2023 August 28, 2023
- 10:27
Canadian banks face squeeze between climate expectations, market pressures
Activists say banks aren't delivering on efforts against climate change
- By: Ian Bickis, The Canadian Press
- August 28, 2023 August 28, 2023
- 10:20
RBC reports $3.9B profit, says ramping up job cuts ahead of economic slowdown
The warning about cuts follows the bank's trimming of 1% of full-time equivalent employees in Q3
- By: Ian Bickis, The Canadian Press
- August 24, 2023 August 24, 2023
- 15:33
TD Bank Group discloses U.S. regulatory inquiry into compliance practices
The bank also reported lower profits and rolled out an expanded share buyback program
- By: Ian Bickis, The Canadian Press
- August 24, 2023 August 24, 2023
- 14:54
Advocis addresses liquidity after poor 2022 results
The association extended its line of credit, got a loan and tapped into its $5.5-million reserve fund
- By: Michelle Schriver
- August 24, 2023 August 25, 2023
- 14:33