North American Finance

Layoffs during tax season! CRA terminates contracts for 450 temporary employees, affecting those under observation

During the annual tax season, the Canada Revenue Agency (CRA) notified 450 temporary employees nationwide that their contracts will not be renewed after the end of this month.CRA spokesperson Etien...

Ontario's natural gas costs have surged since April 1st, with households spending an average of $189 more per year

Due to the rise in natural gas prices, Enbridge has issued a notice warning that natural gas bills are about to experience a significant increase.According to a letter submitted by Enbridge to the ...

Far sighted receives approval letter for $1 billion international consortium financing, fully committed to building a new energy vehicle industry ecosystem

Recently, Farsight announced that it has reached a $1 billion financing agreement letter with Qatar's Alfardan Group. The financing will be used for the product research and development of Farsight...

Heavy weight! The United States announced that tariffs on Canada will take effect as scheduled, but there may be significant adjustments to the tax rates

US Commerce Secretary Howard Lutnick stated in an interview with Fox News on Sunday that tariffs on Canada and Mexico will take effect as scheduled on Tuesday, but the final tax rates will be deter...

Far sighted enters the field of new energy vehicles, aiming at the global market

Recently, Vision Holdings Limited (hereinafter referred to as "Vision", NASDAQ stock code: GV), a technology company listed on the NASDAQ main board, announced that after years of research and deve...

Trump repeatedly changes his stance, White House: tariffs on Canada will still be implemented as planned on March 4th

At the first cabinet meeting held at the White House on the 26th, US President Donald Trump announced that he would postpone the imposition of new tariffs on Canada and Mexico until April 2nd. Howe...

Key dates for Canada's tax season announced, missing them will result in fines!

This year's tax season is coming, here are the important dates and deadlines in Canada that you should mark on your calendar this year. The Canada Revenue Agency (CRA) states, "By filing and paying...

Trump's new tariff policy targets developing countries, global trade may stir up waves again

US President Trump posted a fully capitalized post on Truth Social on Thursday, hinting at the upcoming launch of a new round of comprehensive equivalent tariffs to match higher tariffs imposed by ...

Toronto's land tax increases by 6.9% in 2025! City Council cancels Tesla taxi subsidy

The Toronto City Council voted on Tuesday to approve Mayor Olivia Chow's 2025 municipal budget, which includes a 6.9% tax hike to support an operating budget of $18.8 billion and a capital plan of ...

By 2025, Canada's EI benefits will increase, with an additional $1000 for unemployment, maternity leave, and illness

As the cost of living and unemployment continue to rise, employment insurance (EI) is becoming increasingly important for many Canadians.This year, eligible EI recipients not only receive more bene...

Heavy pressure from US tariffs! Canadian company Sheertex forced to lay off 40% of its workforce

Due to the upcoming tariffs imposed by the United States on Canadian goods, the Montreal based manufacturer of high-strength and durable pantyhose has had to temporarily lay off 40% of its employee...

Canada launches first round of retaliatory tariffs, with US alcohol, food, and daily necessities up 25%

The Canadian government has released a list of the first batch of US goods to be subject to a 25% retaliatory tariff that will take effect on Tuesday. Prices for US made alcohol, tobacco, poultry, ...

Luxury brands flood into the cryptocurrency market, with Bitcoin payments becoming a new trend

As the value of the virtual currency Bitcoin continues to soar, attracting the attention of more and more luxury brands, they have decided to offer cryptocurrency as a payment method, explore new s...

The Bank of Canada cuts interest rates by 25 points to 3%! The US trade war has impacted the economy, putting pressure on the Canadian dollar to fall!

The Bank of Canada lowered its overnight interest rate target to 3% today, marking the sixth consecutive rate cut by the central bank.The central bank also warned that the trade war with the United...

Canada has launched a nationwide boycott of "American products", and Wal Mart and Amazon have become targets!

Some Canadians plan to take action under the threat of the upcoming 25% tariff imposed by US President Trump. Trump previously announced that all goods entering the United States from Canada will f...

CRA system questioned again: man stolen 32000 yuan refund by tax advisor

An elderly man in Edmonton claimed that a tax advisor who could access his account stole his $32000 tax refund.Two years ago, Bruce Currie hired an independent tax consultant to assist him with tax...

Canadian small business owners face challenges: social media fluctuations affect business, big ups and downs are difficult to control

Recently, a series of adjustments made by some well-known social media platforms have brought many challenges to Canadian small business owners.According to CTV, for Monika Scott and Robyn Mair, th...

Trump imposes 25% tariffs on Canada, federal government plans to retaliate against US imports

Sources confirmed to CTV News that if US President elect Donald Trump imposes tariffs immediately on his inauguration day, the Canadian government is preparing to retaliate with tariffs on the firs...

Rapid interest rate cuts continue to alleviate financial pressure, leading to a surge in Canadian debt burden

The rapid interest rate cuts by the Bank of Canada seem to have failed to make Canadians feel more optimistic about their financial situation, with a report showing that the personal debt outlook i...

Red at the beginning of 2025, silver coins in the Year of the Snake, and rolling wealth luck!

Ding - The bell of the Chinese New Year is about to ringThe good luck of the Year of the Snake is quietly approaching!A new year, new goals, new hopes,Of course, there is also plenty of wealth and ...