Jamie Golombek: Errant Home Buyers’ Plan payment led to case where judge called CRA ‘lacking in logic and transparency’ Published Mar 23, 2023 • Last updated 14 hours ago • 5 minute read When accepting a Home Buyers’ Plan payment for the one spouses’s RRSP, the bank erred and placed the payment in the spousal RRSP… Continue reading Taxpayer takes CRA to court after it dings him for RRSP overcontribution tax due to a bank error
Stock Market Today: Stocks Close Higher in Volatile Session
Stocks pared earlier gains Thursday, but still closed higher in the wake of Wednesday’s post-Fed selloff. Investors continued to evaluate yesterday’s comments from Federal Reserve Chair Jerome Powell, who indicated an end to rate hikes could be near, as well as concerning bank deposit commentary from Treasury Secretary Janet Yellen. There was nothing particularly unexpected… Continue reading Stock Market Today: Stocks Close Higher in Volatile Session
The Fed has outsourced monetary policy and lost control of the economy, former White House advisor says
The Federal Reserve is outsourcing monetary policy, former White House adviser Gary Cohn said. It’s betting that tighter lending in the banking sector will act as a brake on the economy, he told CNBC. But this may lead to a recession, as businesses are unable to expand without borrowing. Loading Something is loading. Thanks for… Continue reading The Fed has outsourced monetary policy and lost control of the economy, former White House advisor says
A person suspected to be crypto developer Do Kwon arrested in Montenegro months after the collapse of TerraUSD
A person suspected of being Do Kwon, creator of the now-collapsed TerraUSD stablecoin, has been arrested in Montenegro, a country official said Thursday. The country’s interior minister said the suspect was arrested at the airport with falsified documents. Authorities in the US and South Korea have charged Kwon for legal violations. Loading Something is loading.… Continue reading A person suspected to be crypto developer Do Kwon arrested in Montenegro months after the collapse of TerraUSD
The current banking crisis is a ‘worldwide phenomenon’ that started long before SVB failed, Harvard professor and former IMF economist says
Chaos in the banking sector was a long time coming, according to a former IMF chief economist. The crisis was, in part, caused by banks betting on a prolonged period of ultra-low rates, Kenneth Rogoff said. “It’s a worldwide phenomenon,” he told Yahoo Finance Live. Loading Something is loading. Thanks for signing up! Access your… Continue reading The current banking crisis is a ‘worldwide phenomenon’ that started long before SVB failed, Harvard professor and former IMF economist says
US stocks end higher in volatile session as traders assess rate outlook and bank concerns
Matthew Fox Photo by TIMOTHY A. CLARY/AFP via Getty Images) US stocks were whiplashed on Thursday as investors digested fresh concerns of a US banking crisis.The S&P 500 rose as much as 2% before it gave back most of those gains, while the Dow erased nearly all of a 470 point gain.Treasury Secretary Janet Yellen… Continue reading US stocks end higher in volatile session as traders assess rate outlook and bank concerns
Snapchat and Meta lead social media stocks higher as TikTok CEO gives ‘disaster’ testimony to Congress
Snapchat and Meta Platforms jumped on Thursday as the CEO of TikTok gave testimony to Congress.CEO Shou Chew sought to quell concerns that TikTok is a Chinese asset that could spy on its 150 million American users.”We would characterize today’s testimony by TikTok CEO Shou Zi Chew in the Beltway as a ‘disaster’ moment,” Wedbush… Continue reading Snapchat and Meta lead social media stocks higher as TikTok CEO gives ‘disaster’ testimony to Congress
Toy salesman beats CRA in tax court appeal after being reassessed for $1.2 million
Audit initiated based on findings of Panama Papers Published Mar 22, 2023 • Last updated 15 hours ago • 3 minute read The Canada Revenue Agency initiated an audit of David Goldhar’s returns for 2006 to 2013 in response to findings of the Panama Papers, published by the International Consortium of Investigative Journalists. Photo by Adrian… Continue reading Toy salesman beats CRA in tax court appeal after being reassessed for $1.2 million
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