Duty of care of financial institutions to its customers
Given that establishing a duty of care is a prerequisite for establishing negligence, the Motion Judge in Foodinvest Limited v The Royal Bank of Canada granted RBC’s summary judgment motion.
finance
June 10 is Happy Tax Freedom Day 2018!
The Fraser Institute recently announced that June 10 is Tax Freedom Day 2018 (although the date varies depending on where you live in Canada). According to the Fraser Institute calculations, from that day onward, employees are finally working for themselves and their families. Moreover, if you had to pay all your taxes up front to different levels of government, you are now in the clear to keep the rest of your earnings until a new year begins.
Department of Finance releases consultation paper on new retail payments oversight framework
On July 7, 2017, the Department of Finance issued the consultation paper “A New Retail Payments Oversight Framework” (the “Consultation Paper”) proposing a federal oversight framework for retail payments. Comments on the Consultation Paper are due October 6, 2017.
