Finance & Capital Management

Nova Scotia's auditor general says the COVID-19 pandemic has the potential to raise costs for a health care expansion project that represents the largest capital output in the province's history. Michael Pickup released his second report on the expansion of the Halifax Infirmary and the construction of a community outpatient centre, which has an estimated $2-billion price tag.

The federal government is extending its program to subsidize wages in companies hit hard by the COVID-19 pandemic until December, Prime Minister Justin Trudeau said Monday. The program is the heart of the government's promise to help Canadians get back to work, even if has to be at a slower pace, as the pandemic wanes.

Health minister threatens to reveal salaries in response

Canada has finally come up with its most accurate picture of the distribution of net worth for Canadian families. The Parliamentary Budget Office released its report titled “Estimating The Top Tail Of The Family Wealth Distribution In Canada” in 2020. Here is a brief summary of what this report is all about.

Big changes are coming to McKesson. The company announced that is restructuring its business into four segments, beginning in the second quarter of fiscal 2021.

Canadian physicians pay a substantial amount of income taxes. This is because of Canada’s graduated tax system, which means that the more money you earn, the higher the percentage of your income you will pay in taxes. This tax fatigue has increased in the aggregate because of the Trudeau government’s 2017 tax reform for Canadian Controlled Private Corporations (CCPCs), including medical corporations. Many physicians who were income splitting through their medical corporation can no longer save taxes using this income-splitting strategy because of the change in tax legislation.

The federal government's ongoing review about the good, bad and possibly ugly parts of its response to COVID-19 will feed into plans for an improved response to a potential second wave of the novel coronavirus, Prime Minister Justin Trudeau said Monday.

The federal Conservatives are calling for an investigation into the Liberal government's decision to have an international charity administer a $900-million program designed to help students during the COVID-19 pandemic. The request is contained in a letter sent to Auditor General Karen Hogan on Sunday in which the Tories argue that "outsourcing'' the Canada Student Service Grant to WE Charity undermines Parliament's ability to monitor the aid program.