Business Update – 28 June 2023
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
Food prices to stay higher than before pandemic: RBC
RBC economist Claire Fan talks about why food prices are going to slow, but not to pre-pandemic levels.
Shopify vows to fight CRA request to hand over records from more than 121,000 Canadian businesses
Shopify CEO Tobias Lutke is ready to put up a “fight” over what he describes as an “overreach” by the Canada Revenue Agency (CRA). In a tweet, Lutke said the Ottawa-based e-commerce company was asked to hand over tax records of more than 121,000 Canadian stores from the last six years.
TELUS and JOLT partner to install charging stations across Canada
TELUS announced a strategic partnership with Australian electric vehicle (EV) charging company, JOLT, to install up to 5,000 public DC fast chargers across Canada.
$71 million investment in internet for rural Eastern Ontario
The governments of Canada and Ontario have announced combined federal and provincial funding of $71 million to bring high-speed internet to to more than 22,000 homes in 74 rural communities across eastern Ontario.
Five things to know about Canada’s new wage-fixing and no-poaching prohibitions
New rules prohibiting wage-fixing and no-poaching agreements kick in Friday in an effort to crack down on companies undermining competition at employees’ expense. Here is what employers and employees need to know about the new rules.
Are starter homes still affordable?
According to Ipsos polling, even though housing prices have seen a bit of a dip across Canada in the past year, six in 10 Canadians who don’t own a home have completely given up on buying one, while seven in 10 say owning a home is now only for the rich. How can first homeowners break into the market?
More vulnerabilities in MOVEit Transfer identified
Progress Software, developer of the compromised MOVEit file transfer tool, is urging IT managers to temporarily disable direct internet access to the application after a new vulnerability was found and news of more hacked organizations emerge.
Top 10 Federal Funding Programs for Summer 2023
This article provides an overview of the top federal funding programs available this summer.
Get in touch
Contact us if you have any questions or want to discuss the next steps for your business. Get in touch with a Boyer & Boyer, CPA ([email protected]) accountant to discuss your bookkeeping, accounting, and tax needs. You can also call 613-747-8494.
J. Sylvain Boyer, CPA, CA
Boyer & Boyer, CPA
Partner Financial and Tax Strategies, Planning and Execution