A key inflation gauge tracked by the Fed slowed in February
U.S. CPI up 6% year over year
- By: Paul Wiseman, The Associated Press
- March 31, 2023 March 31, 2023
- 12:12
Latest news in Industry News
Economy grew 0.5% in January, Statistics Canada reports
BMO increases GDP growth estimate for 2023
- By: The Canadian Press
- March 31, 2023 March 31, 2023
- 11:58
Why clients may have to wait for FHSAs
Firms are scrambling to set up back-office systems and internal procedures for the complex accounts
- By: Rudy Mezzetta
- March 30, 2023 March 31, 2023
- 16:47
Biden calls to revive U.S. bank regulations
Potential changes include greater capital requirements and more aggressive regulatory supervision
- By: Josh Boak, Fatima Hussein, The Associated Press
- March 30, 2023 March 30, 2023
- 14:42
FTX founder likely challenging new crypto charges, lawyer says
Earlier this week, a rewritten indictment charged Bankman-Fried with a new conspiracy count
- By: Larry Neumeister, The Associated Press, The Associated Press
- March 30, 2023 March 30, 2023
- 14:25
ESG reporting expectations on suppliers growing: BDC
Big companies are under pressure from investors to detail environmental, social and governance factors
- By: The Canadian Press
- March 30, 2023 March 30, 2023
- 14:04
U.S. revises down last quarter’s economic growth to 2.6% rate
The downgrade was slight, but consumer spending was down sharply
- By: Paul Wiseman, The Associated Press
- March 30, 2023 March 30, 2023
- 11:53
CRA announces increase in prescribed rate for Q2 2023
Rate to rise for the fourth consecutive quarter
- By: Rudy Mezzetta
- March 29, 2023 March 29, 2023
- 15:16
Employee ownership trusts introduced, but with no incentives
Advocate suggests EOT legislation, as proposed in the 2023 federal budget, will not lead to increased employee ownership
- By: Melissa Shin
- March 29, 2023 March 29, 2023
- 13:55
Liberals go after predatory lending
In another measure aimed at vulnerable Canadians, the CRA will pilot automatic tax filing in 2024
- By: IE staff, with files from Canadian Press
- March 28, 2023 March 28, 2023
- 17:59
Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive
The credits are for investments in clean electricity, clean-tech manufacturing and hydrogen
- By: The Canadian Press
- March 28, 2023 March 28, 2023
- 17:46
Government moving to increase oversight of bank, pension exposure to crypto
Proposed changes look to tighten financial oversight
- By: Mark Burgess
- March 28, 2023 March 28, 2023
- 17:00
Government proposes changes to financial institutions’ dividend deduction
The proposal follows the surtax and recovery dividend introduced in last year's budget
- By: Mark Burgess
- March 28, 2023 March 28, 2023
- 16:54
Budget 2023 shuts down loopholes left in Bill C-208
Budget 2023 proposes changes to framework of intergenerational business transfers
- By: Rudy Mezzetta
- March 28, 2023 March 28, 2023
- 16:46
Federal budget 2023 includes $59.5B in new spending, looks to increase revenue
Tax measures are aimed at wealthier individuals and corporations
- By: Nojoud Al Mallees, Canadian Press
- March 28, 2023 March 28, 2023
- 16:37
Government proposes including siblings in definition of ‘qualifying family member’ for RDSPs
Tuesday's budget also proposes extending a measure that was set to expire this year
- By: Rudy Mezzetta
- March 28, 2023 March 28, 2023
- 16:34
Feds boost limit on allowable EAP withdrawals from RESPs
Budget 2023 also proposed changes to allow divorced or separated parents to open joint RESPs
- By: Rudy Mezzetta
- March 28, 2023 March 28, 2023
- 16:11
Feds to overhaul alternative minimum tax in bid to target top earners
The proposed changes take aim at deductions, credits and other tax strategies
- By: Mark Burgess
- March 28, 2023 March 28, 2023
- 16:09
Fed official: Bank rules under review in wake of SVB failure
Barr anticipates higher capital, liquidity standards needed for American banks with more than $100B
- By: Christopher Rugaber, The Associated Press
- March 28, 2023 March 28, 2023
- 14:24
Canada heading into “mild recession” as tight monetary policy squeezes growth: Report
Deloitte predicts half-point real GDP drop in 2023
- By: The Canadian Press
- March 28, 2023 March 28, 2023
- 12:05
Bankman-Fried charged with paying $40M bribe to China
Allegations arose from freezing of certain Alameda Research crypto accounts
- By: Larry Neumeister, The Associated Press
- March 28, 2023 March 28, 2023
- 11:56
CRA waives penalties for late-filing the underused housing tax return
Affected owners have until Oct. 31 to file or pay before incurring interest and penalties
- By: Melissa Shin
- March 28, 2023 March 28, 2023
- 09:44
Fed says SVB itself was main cause of bank’s failure
Official nonetheless pledged that the Federal Reserve and other agencies would take whatever steps deemed necessary to protect the banking system
- By: Christopher Rugaber, The Associated Press
- March 27, 2023 March 27, 2023
- 17:19
Federal budget to increase RESP withdrawal limit: source
Finance Minister Chrystia Freeland has promised targeted inflation relief for low-income Canadians
- By: Nojoud Al Mallees, Canadian Press, Mia Rabson, The Canadian Press
- March 27, 2023 March 27, 2023
- 14:17
Troubled Silicon Valley Bank acquired by First Citizens
SVB's March 10 collapse in a bank run was the second-largest in U.S. history
- By: The Associated Press
- March 27, 2023 March 27, 2023
- 12:38