Be expecting a blended sales tax next year The government has approved a bill for a harmonized sales tax. This will combine the G..S.T(5%) and P.S.T(8%) portions into one sales tax of 13%. The plan was aimed to save companies money on invoicing and paperwork, increasing productivity. This may be the case but it takes […]Read More →
March 20, 2009 This weeks top stories include inflation rises in the month of February for Toronto as well as how the net worth of Canadians is on the dive. We will also talk about how Ottawa has loosened its approval rules for the stimulus project as commercial real estate vacancy rates rise in the […]Read More →
March 13, 2009 This weeks top stories include a statement from Flaherty that Canada will exit the recession before other countries while the International Monetary Fund agrees that we are in a better place than most counties. That contradicts more recent statements from both RBC and TD. Also, how some people are being shocked at […]Read More →
March 6, 2009 This weeks top stories include a major decision by the Bank of Canada to cut their overnight lending rate to an all time low of 0.5%. February’s Toronto home sales down for the fourth consecutive month and renovation tax benefits limited. Bank of Canada cuts their overnight lending rate The Bank of […]Read More →
Just a less than an hour ago the Bank of Canada announced it’s cut to the overnight lending rate to 0.5% from the already historically low rate of 1%. This will further cut the Bank Rate down to 3/4 per cent as we are already seeing lenders reduce their own prime rate down by 0.5% […]Read More →
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