Feds Sue Over Small Tax Bill

The Canada Revenue Agency is suing the nation’s largest bank over a $15,500 tax claim. The cost of the federal lawsuit is expected to exceed any court award. The action follows a 2014 internal report that concluded the tax department is “good at simple things”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Kids Never Had It So Good, Claims Finance Dep’t Memo

Canadians under 35 are wealthier than any previous generation with a net worth of almost $93,000, says the Department of Finance. A confidential memo cautioned the other shoe will drop as millennials face longer, costlier retirements later in life: “The 2008 recession did not seem to affect much”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Gov’t Agency To Probe Usury

A federal agency has drafted plans for research on payday lending, the first study of its kind since Parliament delegated enforcement of usury laws to the provinces in 2007. The Financial Consumer Agency described borrowers as “fairly transient” and the working poor: “People are borrowing out of desperation, not convenience”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Says Vaping Ban A Bad Idea

Health Canada must not restrict the sale of electronic cigarettes as a nicotine substitute for smokers, says a legal scholar. The Canadian Medical Association has advocated a ban on nicotine vaping, and MPs have proposed first-ever regulations of the product: “As e-cigarettes have become more popular smoking rates have gone down”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Feds Prowl Building Permits

A British Columbia contractor faces a conditional jail sentence and six-figure fine for tax evasion, one of the largest penalties to date since federal auditors launched a 2013 probe of local building permits: “Permits prove to be an excellent source of information”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Yet More Study At Toxic Site

The Department of Northern Affairs is commissioning another risk assessment, the sixth so far, on cleanup of one of the nation’s most toxic mine sites. Federal scientists seek data on human exposure to arsenic at the abandoned Giant Mine in Yellowknife: “It’s all paperwork”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Foreign Realty Report Close

The federal mortgage insurer has completed a long-awaited survey on foreign ownership in the Canadian condo market, the first of its kind. It follows a million-condo survey to gauge the extent of speculative investment and proxy ownership in the nation’s busiest real estate markets: “We realize there is an information gap”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Lost A Million On The Market

A Crown corporation lost nearly a million dollars in the stock market over a nine-month period last year, new accounts show. The Canadian Race Relations Foundation earlier appealed for market-wise guidance after taking a $5 million loss in the 2008 financial panic: ‘We can’t pay the going rate for knowledgeable people’.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Got Paid To Shovel Driveway

A federal employee is entitled to full pay for time spent shoveling the driveway, a labour board has ruled. The decision came in the case of an immigration department staffer who blamed winter snowfall for arriving three hours’ late for work: ‘The snow was so high it was impossible to get the car out’.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Fed Memo Warns Of Bubble

A federal financial watchdog warns of a real estate bubble in Canada’s most expensive city due in part to undisclosed millions in foreign investment from China and the U.S. The 2015 staff memo to the Superintendent of Financial Institutions was obtained through Access To Information: “Prices and average incomes are seemingly untethered”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Fear All-Canada Pact Is Lost

Lawmakers are protesting the expiry of a little-known pact that promised to lower interprovincial trade barriers. Consumers Council of Canada research earlier showed few people, only 1 in 10, had heard of the Agreement On Internal Trade: “This thing has passed by like a ship in the night”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Govt Web Scheme Goes Awry

A federal scheme to merge all government websites into a single super site has met a backlash from taxpayers, according to Access To Information memos. The Treasury Board is attempting to collapse some 1,500 current websites into a standard Canada.ca site by year’s end: “Feedback so far has been universally negative”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

E-Cig Rules Postponed Again

Health Canada proposes more study of electronic cigarettes a year after a Commons committee urged marketing bans and restrictions on sales. The Canadian Medical Association protested the delay in any regulations, not expected now till 2017 at the earliest: “E-cigarettes containing nicotine should not be authorized for sale”.

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)