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TORONTO — A new report suggests a foreign buyer tax alone can’t solve Toronto’s soaring housing prices.
The report, titled “In High Demand” and released Monday by Ryerson University’s City Building Institute, favours a tax on foreign buyers — similar to the one in.... More »
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BCGEU announces end of strikes at liquor and cannabis warehouses - BC News - Castanet.net Aug 30th
BCGEU announces end of strikes at liquor and cannabis warehouses - BC News Castanet.netBCGEU to 'stand down' job action to reflect significant process in negotiations CHEK NewsOut of stock: BC cannabis stores are drying up as hundreds lose their jobs | News Daily Hiv.... More »
CPPIB acquires 39 per cent stake in Europe car park operator + MORE Jul 18th
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For the new generation of empty nesters, marriage breakups are increasingly common and with “grey divorces” come a unique set of financial challenges.
Canfor Pulp Q4 earnings more than double; company credits improve global markets
– canadianbusiness.com
VANCOUVER – Canfor Pulp Products Inc. (TSX:CFX) credits an improvement in global softwood markets for helping post higher much higher revenue and earnings in the fourth quarter.
The Vancouver-based pulp and paper producer says net income in the three month to Dec. 31 was $14.2 million, or 20 cents per share, up from $5.4 million, or eight cents per share, in the same 2013 period.
Revenue rose to $245.6 million from $201.9 million.
For the year ended Dec. 31, 2013, net income was $41.8 million, or 59 cents per share, three times the $13.4 million, or 14 cents per share it earning in 2012.
“Results in the fourth quarter of 2013 benefited from a modest improvement in global softwood pulp markets, with an increase in demand and a corresponding increase in prices through the quarter,” Canfor said in announcing its results after markets closed.
It said higher shipment levels for the fourth quarter of 2013, up over 61,000 tonnes from the prior quarter, were because of higher production and a drawdown of inventories resulting from increased purchasing, principally from China, in part due to inventory build ahead of the Lunar New Year…
The Vancouver-based pulp and paper producer says net income in the three month to Dec. 31 was $14.2 million, or 20 cents per share, up from $5.4 million, or eight cents per share, in the same 2013 period.
Revenue rose to $245.6 million from $201.9 million.
For the year ended Dec. 31, 2013, net income was $41.8 million, or 59 cents per share, three times the $13.4 million, or 14 cents per share it earning in 2012.
“Results in the fourth quarter of 2013 benefited from a modest improvement in global softwood pulp markets, with an increase in demand and a corresponding increase in prices through the quarter,” Canfor said in announcing its results after markets closed.
It said higher shipment levels for the fourth quarter of 2013, up over 61,000 tonnes from the prior quarter, were because of higher production and a drawdown of inventories resulting from increased purchasing, principally from China, in part due to inventory build ahead of the Lunar New Year…
Google executive chairman Eric Schmidt will be awarded $100 million US in restricted stock units, the company said in a securities filing Tuesday, the second time in less than three years that he has been given a stock package of that size.
OTTAWA – A new deal with the United States over an American law aimed at rooting out tax cheats north of the border will ensure that Canadian financial institutions won’t be required to report directly to American tax authorities, Finance Minister Jim Flaherty announced Wednesday.
The U.S. Foreign Account Tax Compliance Act, which takes effect in July, would compel Canadian banks to report information about anyone considered to be a U.S. resident or citizen, including dual citizens, directly to the U.S. Internal Revenue Service.
The new arrangement means Canadian banks would report “relevant” information on accounts held by U.S. residents or citizens to the Canada Revenue Agency, which would share it with the IRS under existing tax treaty rules — making it consistent with Canadian privacy laws, said senior government officials.
The IRS will also provide more information on certain accounts of Canadian residents in U.S. financial institutions, they said.
The deal narrows the scope of information that banks would be required to collect and avoids the U…
The U.S. Foreign Account Tax Compliance Act, which takes effect in July, would compel Canadian banks to report information about anyone considered to be a U.S. resident or citizen, including dual citizens, directly to the U.S. Internal Revenue Service.
The new arrangement means Canadian banks would report “relevant” information on accounts held by U.S. residents or citizens to the Canada Revenue Agency, which would share it with the IRS under existing tax treaty rules — making it consistent with Canadian privacy laws, said senior government officials.
The IRS will also provide more information on certain accounts of Canadian residents in U.S. financial institutions, they said.
The deal narrows the scope of information that banks would be required to collect and avoids the U…
Friedland touts South African platinum play despite obstacles
– theglobeandmail.com
Canadian mining mogul stands by his South African project, urging potential backers to look beyond rancorous strikes and tough investment climate
