Taxation

Italy proposes bank tax, sending stocks plunging Fallback Image Decorative pattern

Market Insights

Italy proposes bank tax, sending stocks plunging

The 40% tax would apply to profits from the difference between loan interest and interest paid to customers on deposits

By The Associated Press |August 8, 2023

3 min read

Advisors should help business owners prepare for new corporate ownership registry Advisors should help business owners prepare for new corporate ownership registry

Tax News

Advisors should help business owners prepare for new corporate ownership registry

Bill C-42 would bring public access to private corporations’ beneficial ownership info

By Michael McKiernan |August 2, 2023

4 min read

Federal government posts $1.5B surplus for first two months of fiscal year Federal government posts $1.5B surplus for first two months of fiscal year

Economic Indicators

Federal government posts $1.5B surplus for first two months of fiscal year

Revenues rose by $1.3 billion on higher interest and employment insurance premiums, and greater proceeds from personal income tax

By The Canadian Press |July 28, 2023

1 min read

Prescribed rate to stay at 5% in Q4 Prescribed rate to stay at 5% in Q4

Tax News

Prescribed rate to stay at 5% in Q4

The CRA's interest rate on overdue tax will remain the same for a third consecutive quarter

By Rudy Mezzetta |July 25, 2023

2 min read