Category: Finance

Almost Everyone in Canada Says Tax Havens Should Be Illegal

What do Barbados, the Cayman Islands and Luxembourg have in common? Aside from being unidentifiable on a map for most, they together hold around $124 billion of Canadian money as a shelter from taxes. While the strategic/shady stashing money in offshore tax havens is technically legal, the majority of Canadians want to see such

It’s Going to Get Considerably More Expensive to Eat in 2018

Bad news for humans in Canada in 2018: food is about to get more expensive. According to the latest Food Price Report by researchers at Dalhousie University and the University of Guelph, everything from avocados to bread to dining at your local hot spot is going to cost a pretty

Coal for Christmas? Canadians Lead the World in Household Debt

Canada just ranked #1 in a metric we’d probably love to forget. Or pass onto our children. According to the Organization for Economic Cooperation and Development (OECD), Canadians carry more consumer debt than citizens of any other country in the world. It’s a pretty alarming figure: our household credit burden now

It’s Official: Ontario Approves $15/Hour Minimum Wage

Good news for Ontario’s bottom-earners: minimum wage will rise to $15 an hour on January 1, 2019. The decision comes as part of the Fair Workplaces, Better Jobs Act, which was passed by a vote of 67-26 at Queen’s Park yesterday evening. Ontario Premier Kathleen Wynne tweeted the news shortly after

Two Major Findings Reveal Canadians are Getting Screwed by Tech Giants

Canada is, by all accounts, one of the most technologically advanced nations on earth. But damn, we sure are paying for it. The Canadian-Radio-Television and Telecommunications Commission’s (CRTC) recently released annual Communications Monitoring Report reveals that Canadians are getting priced out of world-class internet access. This is happening in two ways: 1. Low-income