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U.S. banning use of WeChat, TikTok, citing national security reasons - CBC.ca Sep 18th
U.S. banning use of WeChat, TikTok, citing national security reasons CBC.caTrump to block TikTok, WeChat downloads in U.S. Global NewsByteDance plans TikTok IPO if U.S. clears deal: sources Yahoo Canada FinanceTrump Is Wrong About TikTok. China’s Plans Are Much Mor.... More »
Canopy Growth shares plunge to record low after revenue drops most since cannabis legalization - Financial Post Nov 14th
Canopy Growth shares plunge to record low after revenue drops most since cannabis legalization Financial PostCanopy Growth hit with millions in product return charges, $375M net loss in Q2 Yahoo Canada FinanceCanopy Growth Reports Second Quarter Fiscal 2020 Financial Results&nb.... More »
Brexit's toll: UK economy at weakest since financial crisis Feb 11th
Amid mounting uncertainty over Brexit, the British economy slowed last year to its weakest growth rate since the aftermath of the global financial crisis..... More »
Should you hold on to unused RRSP contributions? + MORE Dec 4th
Ask MoneySense
I have $66,000 unused RRSP contributions for the 2023 tax year (unused deductions, not unused contributions).
My plan is to start my RRSP withdrawals in January 2025, and to start claiming the unused deductions on my 2025 taxes, when most likely it will be over $70,000. In 2025, I .... More »
Uber drivers stage strikes over pay and conditions - BBC News May 8th
Uber drivers stage strikes over pay and conditions BBC NewsWhy drivers are planning a global strike ahead of Uber's IPO Yahoo Canada FinanceLyft posts large loss in its first quarterly report as a public company CNBCUber loses an average of 58 cents per ride — and .... More »
Class action suit against Valeant set to go to trial after court rejects appeal
– canadianbusiness.com
MONTREAL _ A class-action lawsuit brought on behalf of investors against Valeant Pharmaceuticals Inc. will go to trial.
The Quebec Court of Appeal dismissed applications for leave to appeal from the defendants, who asked the court to review a Quebec Superior Court judge’s authorization of the suit.
The class action was brought on behalf of persons who acquired securities of Valeant (TSX:VRX) outside the United States between Feb. 28, 2013 and Oct. 26, 2015 who claim the price of shares purchased was artificially inflated by company misrepresentations.
According to these allegations, Valeant allegedly engaged in misconduct in its commercial activities and in the disclosure of financial information, particularly with respect to his relationship with mail order pharmacy Philidor Rx Services.
The lawsuit points out that Valeant identified significant weaknesses in its internal controls over financial information. As it corrected the errors by restating its results for fiscal years 2014 and 2015, the share price plummeted by as much as 80 per cent, wiping tens of billions of dollars from its market value…
The Quebec Court of Appeal dismissed applications for leave to appeal from the defendants, who asked the court to review a Quebec Superior Court judge’s authorization of the suit.
The class action was brought on behalf of persons who acquired securities of Valeant (TSX:VRX) outside the United States between Feb. 28, 2013 and Oct. 26, 2015 who claim the price of shares purchased was artificially inflated by company misrepresentations.
According to these allegations, Valeant allegedly engaged in misconduct in its commercial activities and in the disclosure of financial information, particularly with respect to his relationship with mail order pharmacy Philidor Rx Services.
The lawsuit points out that Valeant identified significant weaknesses in its internal controls over financial information. As it corrected the errors by restating its results for fiscal years 2014 and 2015, the share price plummeted by as much as 80 per cent, wiping tens of billions of dollars from its market value…
Wednesday will be a big day for Canadian retailers. Here's what to expect
– theglobeandmail.com
A big day for Canadian retailer earnings looms ahead with Hudson’s Bay, Dollarama,
Lululemon and Roots all set to report
Lululemon and Roots all set to report
Is an RRSP worth it if you’re retiring abroad?
– moneysense.ca
Q: I am a permanent resident living in Canada. Is it worth me investing in an RRSP, when chances are I will be back in my home country in say 10 years?
What would be the penalty of withdrawing my RRSP on my return home?
—Tim
A: People who are living temporarily in Canada or Canadians who are planning to retire abroad often wonder if they should contribute to an Registered Retirement Savings Plan (RRSP). Likewise, Canadian expats often end up on temporary work assignments in other countries and must navigate foreign retirement and tax planning.
In your case, Tim, while you are a Canadian resident, you must file a Canadian tax return. Canada taxes its residents on their worldwide income. To the extent that you have earned income like employment or business income, you will generate RRSP room. RRSP deductions can be deducted against other sources of income and are tax deductible on your tax return. RRSPs grow tax-deferred until you take withdrawals.
Ask a Planner: Leave your question for Jason Heath »
If your taxable income is $50,000, your marginal tax bracket ranges from 28-37% depending on your province of residence…
Mueller reports $6.7M spent on Trump-Russia probe – CTV News
– news.google.ca
CTV NewsMueller reports $6.7M spent on Trump-Russia probeCTV NewsWASHINGTON — The special counsel investigation into possible co-ordination between U.S. President Donald Trump's campaign and Russia during the 2016 presidential election has cost more than $6.7 million so far, according to a financial report released …Donald Trump's lawyer denies bank records were subpoenaed by Robert MuellerGlobalnews.caThe Latest: Trump lawyer denies financial record subpoenaNational PostSpecial Counsel Investigation Has Cost at Least $6.7 millionNew York TimesNewsweek -RollingStone.com -TwinCities.com-Pioneer Press -Daily Beastall 222 news articles »
The Bank of Montreal posted a quarterly profit of $1.2 billion in the fourth quarter, a drop of 9 per cent from last year’s level.
