Canada Financial News

The Department of Finance on Dec. 20, 2023, released the short-term rental draft legislation as part of a small package of taxation proposals. For those who need a reminder, short-term rental owners/operators that are operating in a municipality that prohibits such rentals are apparently evil and need to be punished to the extreme from an income tax perspective.

The Bank of Canada overnight rate started 2023 at 4.25 per cent and will finish the year at five per cent, for a rise of 0.75 per cent after a rise of four per cent in 2022. I believe we will see a two per cent decline in rates by the end of 2024, back to an overnight rate of three per cent. The impacts of this decline will be the story of 2024.

It has been a busy year for Industry Minister François-Philippe Champagne. He has several responsibilities, but building a new battery sector seemed to keep him the most occupied in 2023 as Canada inked multi-billion-dollar deals with battery and automakers Stellantis NV, LG Energy Solution Ltd., Volkswagen AG and Northvolt AB to build three battery plants.

immigration consultancy firm in Gujarat's capital Gandhinagar were arrested by the state Crime Investigation Department (CID) on Wednesday for allegedly forging bank account statements of visa seekers, said an official. Investigation revealed that the accused trio used to prepare fake statements of their clients' bank accounts and attach the forged documents with their visa applications to get speedy approval from the authorities, said a release by the state CID (Crime and Railways). Embassy officials review bank statements to ensure that visa seekers meet the financial requirements for their intended stay in the host country.

Canada’s government is willing to sign off on multimillion-dollar settlement packages for Canadians Michael Spavor and Michael Kovrig to compensate them for the near three years they were incarcerated in Chinese prisons, the Globe and Mail reported on Tuesday, citing government sources.

Narendra Modi has become the sole global leader with 20 million subscribers on his personal YouTube channel, as per latest data collated by Viennese startup Tubics. With 224 million views in December 2023 alone, Modi's YouTube channel had 43 times more views than Ukrainian President Volodymyr Zelenskyy's channel. Overall, with 4.5 billion video views, Modi's YouTube channel leads the pack, both in terms of subscribers and video views among top world leaders. Brazil's former president Jair Bolsonaro is at the second spot with a modest 6.4 million followers on his personal YouTube channel, which is less than a third of followers on Modi's channel. Modi, in fact, leads other global leaders on the subscribers/video viewership sweepstakes on personal YouTube channels by a mile. For instance, US President Joe Biden and French President Emmanuel Macron are at a distant fourth and sixth places with 789,000 and 316,000 subscribers, respectively, on their personal YouTube channels, as per Tubics data. Canada's Prime Minister Justin Trudeau is way down in the pecking order, at 10th place with under 70,000 subscribers on his YouTube channel. Video views and subscribers on Modi's YouTube channel are also way ahead of those recorded by the YouTube channels of other Indian political leaders.

As Canada enters its fifth year navigating COVID-19, some experts and advocates are worried treatment options for the virus remain disappointingly inadequate.

Kingston, Ont., Wine Rack stores will remain closed. However, where permitted by local municipalities, some LCBO Convenience Outlets might be open with regular hours of business.Most B.C. liquor stores will be closed.

Al Nassr is set for a pivotal encounter in the Saudi Pro League on December 26, gearing up to clash against reigning champions Al Ittihad in a much-anticipated showdown. While Al Ittihad teeters on the edge of relinquishing their title this season, Cristiano Ronaldo's squad is laser-focused on closing in on the current league leaders, Al Hilal. Their recent dominant display, sealing a convincing 3-1 victory against Al Ettifaq, has injected Al Nassr with a renewed surge of confidence as they aggressively pursue the coveted 2024 title. Ronaldo's pivotal 17th goal in the league during that decisive match has served as an added catalyst for the team's unwavering determination.

Boxing Day, shrouded in historical curiosities and evolving traditions, transcends its origins to become a globally observed occasion. Despite its name's misleading connotation, this holiday, rooted in Victorian England, reflects generosity, maritime rituals, and diverse cultural adaptations. Exploring its multifaceted nature unveils a tapestry of traditions, global resonance, and the commercial metamorphosis that characterizes contemporary celebrations. 1. What is the origin of Boxing Day?

As much as big, hearty meals are part of the holidays for many, so are leftovers.

The Telcoin app recently faced a series of targeted attacks draining several wallets, causing a sharp 65% decline in the price of Telcoin ($TEL) for a brief period. The exploited vulnerability is estimated to have resulted in a loss of around $1.3 million.

left Vatry airport near Paris at 2:30 PM local time, reaching Mumbai after 4 AM. The flight was originally en route to Nicaragua from Dubai. French authorities interrupted it for a technical stopover after an anonymous tip, AFP reported.

India’s real estate market received private equity (PE) investments of USD 3.0 billion from 23 deals in 2023 (January 01 – December12, 2023), as against USD 5.3 bn recorded in 2022, according to Knight Frank India.

businesses, payments and API banking company Cashfree Payments has launched a self-hosted payments orchestration platform, FlowWise. The platform’s self-hosting feature claims to eliminate safety concerns, making it a secure solution for merchants. Akash Sinha, Co-founder & CEO, Cashfree Payments, says FlowWise is a single-point payments management solution for India’s digital-first businesses.

Christmas had begun his journey with an out-of-this-world first stop, according to NORAD: the International Space Station orbiting Earth. The reindeer-pulled sleigh was also seen traversing Israel as well as flying over southern Gaza, crisscrossing Africa, and venturing southward to Palmer Station, a research facility in Antarctica.

Justin Trudeau says he knows young people are frustrated with him, and chief among those frustrations is the high cost of housing, which has left many young people feeling home ownership is out of reach.However, Trudeau denies critics who suggest the federal government only began taking the housing file seriously in the last few months.“We’ve actually made commitments that are adding up to about 300,000 new units over the coming decade. These are the kinds of things we need to accelerate, and there’s no one way of doing it.

Red Sea with the help of a new security initiative, the world’s largest shipping firm has announced.Maersk said in a press release Sunday that it has received confirmation that U.S.-led Operation Prosperity Guardian (OPG) has been set up and deployed, allowing commerce to safely pass through the Red Sea using the Suez Canal as a gateway between Asia and Europe.“This is most welcome news for the entire industry and indeed the functionality of global trade,” Maersk said in the release.U.S. defence secretary Lloyd Austin announced the multi-national security initiative earlier this month, saying in a release that OPG is necessary to tackle the “recent escalation in reckless Houthi attacks originating from Yemen.”The operation is meant to protect commercial vessels traversing the Red Sea amid escalating missile and drone attacks by Iran-backed Houthi rebels in Yemen that have threatened global trade.A Canadian government official told Global News last week that Canada will be deploying “a handful of personnel” to the region “in the coming days” as part of the mission.The Iran-backed Houthis have targeted Israeli-linked vessels since Israel began its military response to Hamas’ brutal attacks on Oct.

menopause becoming more mainstream this year, advocates in Canada are hopeful this shift could drive progress in health care and workplaces to better support women in what can be a very difficult stage in their life.In an aging population, more women in their 40s and 50s are openly talking about their own experience with menopause on social media and elsewhere.Gen X women truly have had enough. We're a different generation who demand more & we're not afraid to stand up for ourselves.Thanks to everybody who has watched, commented and liked my TEDx – sitting at 6k views & growing!! https://t.co/glXlTm4ge2#menopause #perimenopause pic.twitter.com/Gyv5FccisP— Amanda Thebe (@amandathebex) December 18, 2023 #periomenopause was tough.

303 Indian passengers, suspected of human trafficking, detained near Paris, is set to leave on Monday, according to French judicial officials, AFP reported. 1. The Airbus A340, en route to Nicaragua, was held at Vatry airport after an anonymous tip-off upon its arrival from Dubai for refuelling.

For most Americans dreaming of a white Christmas, this year’s prospects aren’t good