Judge dismisses lawsuit by Elon Musk’s X challenging New York hate speech law
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News of the day: National Bank beats expectations, late tax filing penalties, inheritance disputes, Loblaws’ tariff produce labels, savings struggle and more
It’s Wednesday, August 26. Here are the top stories we’re following today. Read More
Loblaw brings back tariff produce labels amid trade war
Loblaw Cos. Ltd. will reintroduce the country-of-origin labelling in its fresh produce aisles, just weeks after dropping them from displays, as consumers increasingly look to “buy Canadian” amid a trade war with the United States. Read More
Software stocks get an earnings gut check after hot summer rally
Software investors are betting that struggling stocks have found their footing again after a strong performance over the past month. Read More
A taxpayer hit by CRA with late-filing penalties illustrates how multiple slip-ups can add up
If you don’t file your tax return on time, you can be hit with late-filing penalties equal to five per cent of any balance owing, plus one per cent of the balance owing for each month your return is late, to a maximum of 12 months. But, if it’s not the first time you’ve filed late, and you’ve been assessed a late-filing penalty in any of the prior three years, the penalties can double to ten per cent of the unpaid amount, plus a two per cent penalty for each late month, to a maximum of 20 months. Read More