Inflation declined by 0.3% in August for the second monthly decline in a row thanks to cooling gasoline and energy prices, according to data released by Statistics Canada on Tuesday.
Canada's housing starts fell to 267,443 in August, a 3% drop from July, continuing the decline in the housing sector because of rising interest rates.
On Sept. 1, 2022, the Luxury Tax Act came into force which imposes a tax on the sale and import of certain vehicles, aircraft, and vessels exceeding a specified price threshold.
The Canadian Federal Government has proposed changes to the trust tax reporting requirements which could apply as early as Dec. 31, 2022 year ends.
Audit committees and boards of directors can drive competitive advantages by overseeing digital transformation of the audit function.
Discover the most compelling findings from RSM’s recent survey of middle market leaders regarding the talent gap.
Canada lost 40,000 jobs in August, bringing the unemployment rate up to 5.4% from its record low in July as construction and education led the declines.
Boards can address cyber risk by considering data security inside and outside the organization and by performing exercises to prepare for a breach.
AI and machine learning solutions are now much more realistic for middle market companies, with the potential for increased insight and efficiency through automation.
The Bank of Canada increased its policy rate by 75 basis points on Wednesday, bringing the overnight rate to 3.25%, and said that it would continue to reduce its balance sheet.
Canada's real gross domestic product rose by 0.1% in June from May amid a slumping housing sector, and by 3.3% overall for the second quarter.
CRA requires extensive documentation to support deductions claimed by taxpayers under section 113 in respect of distributions of foreign affiliate surplus.