April 13, 2021

Home prices in Canada are falling, and some homeowners could be in serious trouble

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By Wolf Richter, Wolf Street From Business Insider With Canada’s home prices no longer guaranteed to soar, and with debt at record levels and growing, households are exposed to higher rates. The Bank of Canada has raised rates twice this year by a quarter point each time. But even these tiny baby steps push up […]

Cautious optimism about first steps to curb tax dodging

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From NUPGE.ca “It is too early to be certain whether this dip is an emerging trend, or just a blip as has happened before. But this could be a sign that global efforts to curb corporate profit shifting to tax havens may be paying off.” — Dennis Howlett, executive director of Canadians for Tax Fairness Ottawa (27 April 2017) — […]

Toronto has a boatload of unoccupied homes

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By Daniel Wong, Better Dwelling From Business Insider Hold my beer Vancouver, we got this. The newly released 2016 Census numbers from Statistics Canada, show the City of Toronto saw Vancouver’s 25k+ unoccupied homes, and trumped it by another 74k units. Now with over 99k unoccupied homes in the city, speculation of Toronto real estate […]

BEHIND THE HEADLINES: Why offshore financial services declined

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By Tony Best From Barbados Nation News Barbados’ offshore financial services jurisdiction is suffering from the impact of a triple whammy of body blows, with more pain to be felt soon. The cumulative damage was summed up in the recent Central Bank economic report for 2016, which showed a nine per cent decline in assets […]

10 fast facts about Caribbean immigrants In Canada

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From News Americas Now News Americas, TORONTO, Canada, Mon. April 25, 2016: Starting May 2, 2016, Statistics Canada will begin sending census letters and packages to all Canadian households, including Caribbean nationals or West Indians who call the country home, to ensure there is an accurate count of the population. Canadians and residents of Canada […]

Canadians’ offshore tax-haven holdings [including Cayman] rise 10 per cent, to $170-billion

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By Janet Mcfarland From The Globe and Mail Canadians had $170-billion invested in the world’s top 10 tax-haven countries at the end of 2013, a 10-per-cent increase from a year earlier as growing sums flow into foreign investment accounts. A new analysis by Canadians for Tax Fairness, an advocacy group promoting equitable tax reforms, says […]