Government of Canada

Canada Revenue Agency Seeks Leave to Appeal Federal Court of Appeal Decision

Friday, October 30, 2020 - 11:50pm

SASKATOON, Saskatchewan, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) received notice today that Canada Revenue Agency (CRA) has sought leave from the Supreme Court of Canada (Supreme Court) to appeal the June 26, 2020 decision of the Federal Court of Appeal, which found in favour of Cameco in its dispute of reassessments issued by CRA for the 2003, 2005 and 2006 tax years.

Key Points: 
  • SASKATOON, Saskatchewan, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) received notice today that Canada Revenue Agency (CRA) has sought leave from the Supreme Court of Canada (Supreme Court) to appeal the June 26, 2020 decision of the Federal Court of Appeal, which found in favour of Cameco in its dispute of reassessments issued by CRA for the 2003, 2005 and 2006 tax years.
  • The Supreme Court will decide whether to hear the appeal or decline CRAs request for leave.
  • If the appeal proceeds, Cameco estimates that it could take until the second half of 2022 before a decision is rendered.
  • The Federal Court of Appeals decision and CRAs request for leave to appeal to the Supreme Court pertain only to the 2003, 2005 and 2006 tax years.

Government extends international travel restrictions

Friday, October 30, 2020 - 9:33pm

Today, the Honourable Bill Blair, Minister of Public Safety and Emergency Preparedness, and the Honourable Patty Hajdu, Minister of Health, announced the Government has extended the Mandatory Isolation Order and temporary travel restrictions for all non-US travellers, unless their travel is for non-discretionary reasons, to November 30, 2020.

Key Points: 
  • Today, the Honourable Bill Blair, Minister of Public Safety and Emergency Preparedness, and the Honourable Patty Hajdu, Minister of Health, announced the Government has extended the Mandatory Isolation Order and temporary travel restrictions for all non-US travellers, unless their travel is for non-discretionary reasons, to November 30, 2020.
  • The government has also made some practical adjustments to provisions allowing limited Canada-U.S. cross-border travel, in a few specific circumstances.
  • "Our duty as a government is to protect the people of Canada and we are following the best public health guidance to make decisions regarding temporary travel restrictions, including extending the temporary border restrictions for both U.S. and international travellers.
  • There are some exemptions to the travel restrictions, including immediate and extended family members of Canadian citizens and permanent residents.

Technical Safety BC releases investigation findings regarding Sea to Sky Gondola

Friday, October 30, 2020 - 2:55pm

Vancouver, BC, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Technical Safety BC, British Columbias independent regulator overseeing technical systems and equipment, has concluded its investigation into the most recent incident involving the Sea to Sky Gondola near Squamish.

Key Points: 
  • Vancouver, BC, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Technical Safety BC, British Columbias independent regulator overseeing technical systems and equipment, has concluded its investigation into the most recent incident involving the Sea to Sky Gondola near Squamish.
  • Technical Safety BC worked in cooperation with the RCMP throughout the investigation and will continue to support their efforts during their criminal investigation.
  • Technical Safety BC experts are also readily available to provide additional support or guidance to operators beyond their regular inspection schedules.
  • Technical Safety BC (formerly BC Safety Authority) is an independent, self-funded organization that oversees the safe installation and operation of technical systems and equipment.

Zero Hash Announces Canadian FINTRAC registration; now able to service Canadian residents

Friday, October 30, 2020 - 1:00pm

CHICAGO, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Zero Hash today announced that it has successfully registered as a Canadian Money Service Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada, better known as FINTRAC, to service Canadian residents.

Key Points: 
  • CHICAGO, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Zero Hash today announced that it has successfully registered as a Canadian Money Service Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada, better known as FINTRAC, to service Canadian residents.
  • In early 2020, FINTRAC unveiled plans for an enhanced AML regime and the requirement for crypto firms servicing Canadian residents to register as a Money Service Business.
  • Transfer: Transfer the ownership of assets with Zero Hash providing the regulatory framework to serve the entire North American continent.
  • Zero Hash was voted Innovator of the Year by the 2019 Profit & Loss Readers Choice Awards.

TekSavvy asks Court to quash CRTC's stay of 2019 wholesale Internet rates order

Thursday, October 29, 2020 - 7:52pm

CHATHAM, ON, Oct. 29, 2020 /CNW/ - TekSavvy Solutions Inc. ("TekSavvy"), Canada's largest independent Internet service provider, has asked the Federal Court of Appeal to quash a CRTC decision dated September 28, 2020 (the "Stay Decision"), in which the federal telecom regulator granted Bell Canada's request to stay the implementation of the CRTC's August 2019 order setting final rates for wholesale Internet services (the "Final Rates Order").

Key Points: 
  • CHATHAM, ON, Oct. 29, 2020 /CNW/ - TekSavvy Solutions Inc. ("TekSavvy"), Canada's largest independent Internet service provider, has asked the Federal Court of Appeal to quash a CRTC decision dated September 28, 2020 (the "Stay Decision"), in which the federal telecom regulator granted Bell Canada's request to stay the implementation of the CRTC's August 2019 order setting final rates for wholesale Internet services (the "Final Rates Order").
  • On August 15, 2019, the CRTC released the Final Rates Order, following an extensive four-year proceeding which determined that the "interim" wholesale rates the large carriers have charged independent ISPs like TekSavvy since 2016 are not "just and reasonable", as is required by the Telecommunications Act.
  • The Final Rates Order established new, just and reasonable final rates, retroactive to March 31, 2016, and required the large carriers to repay independent ISPs for past overcharges and to charge the new rates going forward.
  • In a court filing dated October 28, 2020, TekSavvy argues that the CRTC's Stay Decision is so flawed and unreasonable that the Federal Court of Appeal should quash it.

Government of Canada confirms appointment of new Chief Executive Officer for the Canada Infrastructure Bank

Thursday, October 29, 2020 - 7:30pm

Today, the Honourable Catherine McKenna, Minister of Infrastructure and Communities, confirmed the government's acceptance of the CIB Board of Director's recommendation to appoint Ehren Cory as the Chief Executive Officer (CEO).

Key Points: 
  • Today, the Honourable Catherine McKenna, Minister of Infrastructure and Communities, confirmed the government's acceptance of the CIB Board of Director's recommendation to appoint Ehren Cory as the Chief Executive Officer (CEO).
  • Mr. Cory was selected by the Board of Directors of the Canada Infrastructure Bank following a recruitment process undertaken by the CIB that attracted diverse and highly qualified applicants.
  • "The Canada Infrastructure Bank has an important role to play in Canada's economic recovery and expanding Canada's ambition to build more sustainable infrastructure and clean energy.
  • Through the Canada Infrastructure Bank, the federal government has committed $35 billion to support infrastructure projects across the country.

2019-20 Annual Report of the Correctional Investigator of Canada Tabled in Parliament

Tuesday, October 27, 2020 - 3:23pm

OTTAWA, Oct. 27, 2020 /CNW/ -Today, the 47th annual report of the Office of the Correctional Investigator was tabled in Parliament.

Key Points: 
  • OTTAWA, Oct. 27, 2020 /CNW/ -Today, the 47th annual report of the Office of the Correctional Investigator was tabled in Parliament.
  • The investigation found that the prevalence and dynamics of sexual victimization in federal correctional facilities are largely unknown.
  • As it stands, the Correctional Service of Canada (CSC) is not required to publicly report on incidents of sexual abuse involving federal inmates.
  • He reminded the Correctional Service that his annual report covers the reporting period, from April 2019 to end of March 2020.

Brane Inc Welcomes New Advisors Wellington Advocacy and Former Ambassador Bruno Saccomani

Monday, October 26, 2020 - 11:59am

OTTAWA, ON, Oct. 26, 2020 /PRNewswire/ --Brane Inc., a leading digital asset custodian service, announced today that Wellington Advocacy has joined its Advisory Board.

Key Points: 
  • OTTAWA, ON, Oct. 26, 2020 /PRNewswire/ --Brane Inc., a leading digital asset custodian service, announced today that Wellington Advocacy has joined its Advisory Board.
  • Representing Wellington Advocacy is Canada's former Ambassador to the Hashemite Kingdom of Jordan and the Republic of Iraq, RCMP Superintendent (Ret.)
  • "Bruno Saccomani's keen understanding of the law enforcement landscape, together with Wellington Advocacy's network of public officials, will support the growth of Brane Inc.," said Nick Koolsbergen, CEO of Wellington Advocacy.
  • Brane is excited to work with Wellington Advocacy and the former Ambassador to speak to those agencies and offer our digital asset custodial services."

RevoluGROUP To Apply for Canadian FINTRAC License

Friday, October 23, 2020 - 8:51pm

In 2018 RevoluGROUP wholly-owned subsidiary RevoluPAY EP S.L petitioned for a proprietary PSD2 license granted to the Company on 21 May 2020.

Key Points: 
  • In 2018 RevoluGROUP wholly-owned subsidiary RevoluPAY EP S.L petitioned for a proprietary PSD2 license granted to the Company on 21 May 2020.
  • Likewise, the Canadian financial sector has established its strength over the years, including, notably, in response to the 2008 financial crisis.
  • Canadian financial institutions were already on the path towards digitization, automation, and virtualization of their services to reduce costs.
  • Today's decision to petition a FINTRAC license is a step RevoluGROUP must take to be prepared for whatever the Canadian Open Banking future brings."

Government of Canada extends deadline to apply for the Disability Tax Credit to receive the COVID-19 one-time payment for persons with disabilities

Friday, October 23, 2020 - 6:16pm

It is for this reason that the Government of Canada is continuing to ensure that the needs of persons with disabilities are supported.

Key Points: 
  • It is for this reason that the Government of Canada is continuing to ensure that the needs of persons with disabilities are supported.
  • Today, Minister of Employment, Workforce Development and Disability Inclusion, Carla Qualtrough, announced that the deadline to apply for the Disability Tax Credit (DTC) to receive the one-time payment has been extended from September 25, 2020, to December 31, 2020.
  • An extension of the deadline will give clients more time to submit their applications, and the Government of Canada time to issue decisions regarding eligibility.
  • We have extended the deadline to apply for the Disability Tax Credit so that more Canadians with disabilities can access the benefit and get the financial support they need.