Online streaming providers are required to give 5% of their income to the Canadian broadcasting system.
Canada
Montreal to Be Canada’s First City With 24-Hour Bars and Clubs to Boost Local Economy
Montreal is set to become the first city in Canada to allow 24-hour drinking zones to reignite local tourism, but critics argue for lack of security and public transportation.
Costco to Increase Membership Fees, Marking the First Price Hike in 7 Years
Costco will raise membership fees starting in September, the first in 7 years. A worker pushes carts outside a Costco Wholesale store May 31, 2006 in Mount Prospect, Illinois.
Yonge Street Capital Co-Founder Nathanael Aikman Found Guilty of Fraud, Sentenced to 4-Year Jail Time
Yonge Street Capital co-founder Nathanael Anthony Aikman has been found guilty of fraud charges by a Canadian provincial court for accepting millions of dollars from investors.
Canada Exploring Potential Tariffs on China-Made EVs Following US and EU’s Lead
Canada declared that it was considering tariffs on Chinese electric cars to support its allies, the US and EU.
Latest News
WestJet Encore pilots had given notice of a 72-hour strike to management and the government, according to the union.
April saw an unexpected surge in Canadian job growth, adding 90,000 jobs, primarily in part-time work and among young adults, driving hopes for economic recovery.
Canadian business groups clarified to Trudeau that one in five companies, not individuals, would be affected, sparking debates over fairness and its potential impact on high-income earners and corporations.
Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year.
WestJet and its maintenance engineer union have agreed tentative deal, averting a work stoppage. A Westjet Boeing 737-800 taxies at Pearson Airport in Toronto, Ontario, on May 16, 2022.
IBM, Canada, and Quebec announced new agreements to strengthen the Canadian semiconductor industry. IBM, Canada, and Quebec decided to work together to strengthen the Canadian semiconductor industry.
The Canadian Medical Association (CMA) voices concerns over proposed changes to capital gains taxation, fearing a negative impact on doctors' retirement savings. However, economists argue for increased fairness in the tax system.
The app is currently in the testing phase in Canada and Australia and can be downloaded from both the Google Play Store and Apple App Store.
The new tax increase raises the taxable portion of capital gains exceeding $250,000 Canadian (US$181,000) from half to two-thirds.
