Financial experts sounded the alarm Monday over what some have described as a financial “coup” being carried out by Elon Musk, Tesla’s CEO and fierce ally to President Donald Trump, one that could see...

Learn how to become a Canadian citizen. Check eligibility requirements, steps to apply, processing times, and resources for the citizenship test.

Canada’s retirement system, traditionally viewed as a three-legged stool with government pensions, individual RRSPs, and workplace plans, has seen the third leg falter. Workplace pension assets surpassed $2.1 trillion in 2024, but distribution is highly uneven. Public-sector workers receive $294,000 per person in pension assets, compared to $19,900 for private-sector workers. This gap stems from higher employer contributions in the public sector and the financial challenges private employers face in funding generous defined-benefit plans. Critics argue private-sector companies cannot match public-sector pension generosity due to thin profit margins and increased contribution rates from CPP/QPP. While RRSPs hold more assets than workplace pensions, the debate continues over whether workplace plans are necessary or if a more equitable system, like a super-RRSP, should replace them. The article underscores systemic inequities in Canada’s pension framework and calls for reform.

Former Toronto Blue Jays all-stars Josh Donaldson and Russell Martin have successfully challenged the Canada Revenue Agency (CRA) in a high-profile tax case, securing a ruling that prevents them from paying additional taxes on millions of dollars of income. The Federal Court of Appeal upheld a 2024 Tax Court decision, confirming that the CRA’s calculation of their taxable income during their time in Canada was flawed. The dispute centered on how retirement contributions to a Retirement Compensation Agreement (RCA) should be deducted from their taxable income. The CRA argued that contributions should be deducted before splitting income between Canada and the U.S., while the players’ legal team, represented by Marie-France Dompierre, claimed the opposite. The court ruled in favor of the athletes, emphasizing that the correct interpretation of the Income Tax Act aligns with their approach. This case highlights broader implications for Canadian sports teams, as it addresses how non-resident top earners can mitigate higher tax rates by using RCAs. The decision could influence future tax strategies for international athletes and executives recruited by Canadian organizations.

Dr. Baljit Kaur honored differently-abled individuals at the Punjab Divyang Action Committee event in Tarn Taran, discussing welfare schemes for their empowerment.

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The Careers Research and Advisory Centre (CRAC) Pension Scheme has secured a £2.8m full scheme buy-in with Just Group, insuring the benefits of 30 deferred members and 10 uninsured pensioner members