The Auditor General of Canada has found that $27 billion in suspicious COVID-19 payments have been made. Executive summary: The Auditor General of Canada has found that $27 billion in suspicious COVID-19 payments have been made The government has said that it will work to recover any overpayments The opposition has called for an investigation…
CRA has launched formal consultations to streamline the reporting of payroll Canada Revenue Agency (CRA) has launched formal consultations to streamline the reporting of payroll information for the purpose of supporting businesses and employees. Executive summary: The government of Canada has launched formal consultations to streamline the reporting of payroll information The consultations are aimed…
Canadian families expected to pay more for groceries in 2023 Executive Summary: Canadian families can expect to pay an additional $1,065 for groceries in 2023, according to a new report. The report, which was released by Dalhousie University and the University of Guelph, found that prices for meat, vegetables, and fruits are expected to rise…
Despite actual property values falling BC property assessments up Executive Summary British Columbia property assessments are up from last year Market values have shifted due to the pandemic Assessor is asking people to review their assessments and contact the office with any questions British Columbia property owners are receiving their assessments for 2021 and the…
Canadian debt levels reaches new high Key points: Equifax Canada has released its Q3 debt report, showing that the average Canadian’s non-mortgage debt has reached a new high of $22,837. The report also shows that the number of Canadians with a credit score of 600 or lower has increased by 4.3% since last year. Meanwhile,…
Does the global financial system have an $80 trillion debt problem? Executive summary: The Bank for International Settlements (BIS) has issued an urgent call for central banks to take coordinated action to prevent a potential global currency crisis. According to BIS, the world economy is facing an unprecedented situation due to the Covid-19 pandemic and…
Canadian Job Market Sees Growth in November Key Points The Canadian job market experienced significant growth in November, with an increase in employment across various sectors. Unemployment rates in Canada remained stable, indicating a robust labor market despite economic uncertainties. Job gains were seen in industries such as manufacturing, construction, and professional services. The positive…