Latest news with #Canadians'
Edmonton Journal
12 hours ago
- Business
- Edmonton Journal
Canada won't pause digital services tax despite pressure from U.S., finance minister says
Article content OTTAWA — Canada won't put a hold on the digital services tax on big tech companies set to take effect on June 30, the finance minister said Thursday. Pressure has mounted on Ottawa to pause the tax ahead of trade discussions with the U.S. Article content Finance Minister Francois-Philippe Champagne said Thursday the legislation was passed by Parliament and Canada is 'going ahead' with the tax. Article content 'The (digital services tax) is in force and it's going to be applied,' he told reporters before a cabinet meeting on Parliament Hill. The digital services tax will hit companies like Amazon, Google, Meta, Uber and Airbnb with a three per cent tax on revenue from Canadian users. It will apply retroactively, leaving U.S. companies with a $2 billion US bill due at the end of the month. A June 11 letter signed by 21 members of Congress said U.S. companies will pay 90 per cent of the revenue Canada will collect from the tax. Canadian and U.S. business groups, organizations representing U.S. tech giants and American members of Congress have all signed letters in recent weeks calling for the tax to be eliminated or paused. It's set to take effect just weeks before a deadline Canada and the U.S. have set for coming up with a new trade deal, following months of trade conflict between the two countries. Article content Rick Tachuk, president of the American Chamber of Commerce in Canada, said the plan to go ahead with the tax 'undercuts those talks and risks derailing the agreement.' 'A retroactive tax like the DST, weeks before a new deal is supposed to be done, isn't a bargaining chip. It would likely be viewed as a provocation,' he said in an emailed statement. The Canadian Chamber of Commerce and other organizations have warned retaliatory measures in a U.S. spending and tax bill could hit Canadians' pension funds and investments. Champagne said Canada isn't the only country that could be affected by those retaliatory measures. 'These are discussions at the global level,' he said in French. Champagne said there's a wider discussion going on among G7 nations about tax regimes. David Pierce, the Canadian Chamber of Commerce's vice-president of government relations, said in an earlier interview his organization fears Canada could 'aggravate an already very tricky trade discussion with the Americans' if it goes ahead with the tax and the retroactive payment requirement. Article content Latest National Stories
Vancouver Sun
12 hours ago
- Business
- Vancouver Sun
Canada won't pause digital services tax despite pressure from U.S., finance minister says
OTTAWA — Canada won't put a hold on the digital services tax on big tech companies set to take effect on June 30, the finance minister said Thursday. Pressure has mounted on Ottawa to pause the tax ahead of trade discussions with the U.S. Finance Minister Francois-Philippe Champagne said Thursday the legislation was passed by Parliament and Canada is 'going ahead' with the tax. 'The (digital services tax) is in force and it's going to be applied,' he told reporters before a cabinet meeting on Parliament Hill. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. The digital services tax will hit companies like Amazon, Google, Meta, Uber and Airbnb with a three per cent tax on revenue from Canadian users. It will apply retroactively, leaving U.S. companies with a $2 billion US bill due at the end of the month. A June 11 letter signed by 21 members of Congress said U.S. companies will pay 90 per cent of the revenue Canada will collect from the tax. Canadian and U.S. business groups, organizations representing U.S. tech giants and American members of Congress have all signed letters in recent weeks calling for the tax to be eliminated or paused. It's set to take effect just weeks before a deadline Canada and the U.S. have set for coming up with a new trade deal, following months of trade conflict between the two countries. Rick Tachuk, president of the American Chamber of Commerce in Canada, said the plan to go ahead with the tax 'undercuts those talks and risks derailing the agreement.' 'A retroactive tax like the DST, weeks before a new deal is supposed to be done, isn't a bargaining chip. It would likely be viewed as a provocation,' he said in an emailed statement. The Canadian Chamber of Commerce and other organizations have warned retaliatory measures in a U.S. spending and tax bill could hit Canadians' pension funds and investments. Champagne said Canada isn't the only country that could be affected by those retaliatory measures. 'These are discussions at the global level,' he said in French. Champagne said there's a wider discussion going on among G7 nations about tax regimes. David Pierce, the Canadian Chamber of Commerce's vice-president of government relations, said in an earlier interview his organization fears Canada could 'aggravate an already very tricky trade discussion with the Americans' if it goes ahead with the tax and the retroactive payment requirement. Matthew Holmes, the chamber's executive vice-president and chief of public policy, said in a statement that a Liberal government announcement on counter-tariffs to protect the steel and aluminum industries Thursday was 'geared toward the 30-day deadline, so we see no reason why DST's timeline shouldn't be as well.' He said a 'short-term pause would still be a prudent move to keep negotiations on track and respectful.' The Liberals first promised the tax in the 2019 election. It was delayed for years due to global efforts to establish a broader, multinational digital taxation plan. Following significant delays in that process at the Organization for Economic Co-operation and Development, Canada went ahead with its own tax. Other countries, including France and the United Kingdom, also have digital service taxes in place. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our newsletters here .
Ottawa Citizen
12 hours ago
- Business
- Ottawa Citizen
Canada won't pause digital services tax despite pressure from U.S., finance minister says
OTTAWA — Canada won't put a hold on the digital services tax on big tech companies set to take effect on June 30, the finance minister said Thursday. Article content Article content Finance Minister Francois-Philippe Champagne said Thursday the legislation was passed by Parliament and Canada is 'going ahead' with the tax. Article content Article content 'The (digital services tax) is in force and it's going to be applied,' he told reporters before a cabinet meeting on Parliament Hill. Article content Article content The digital services tax will hit companies like Amazon, Google, Meta, Uber and Airbnb with a three per cent tax on revenue from Canadian users. Article content It will apply retroactively, leaving U.S. companies with a $2 billion US bill due at the end of the month. A June 11 letter signed by 21 members of Congress said U.S. companies will pay 90 per cent of the revenue Canada will collect from the tax. Article content Canadian and U.S. business groups, organizations representing U.S. tech giants and American members of Congress have all signed letters in recent weeks calling for the tax to be eliminated or paused. Article content It's set to take effect just weeks before a deadline Canada and the U.S. have set for coming up with a new trade deal, following months of trade conflict between the two countries. Article content Article content Rick Tachuk, president of the American Chamber of Commerce in Canada, said the plan to go ahead with the tax 'undercuts those talks and risks derailing the agreement.' Article content Article content 'A retroactive tax like the DST, weeks before a new deal is supposed to be done, isn't a bargaining chip. It would likely be viewed as a provocation,' he said in an emailed statement. Article content The Canadian Chamber of Commerce and other organizations have warned retaliatory measures in a U.S. spending and tax bill could hit Canadians' pension funds and investments. Article content David Pierce, the Canadian Chamber of Commerce's vice-president of government relations, said in an earlier interview his organization fears Canada could 'aggravate an already very tricky trade discussion with the Americans' if it goes ahead with the tax and the retroactive payment requirement.
Fox Sports
14 hours ago
- Sport
- Fox Sports
Canada's Jesse Marsch Hasn't Coached at Gold Cup Yet, But He's the Talk of the Tournament
Is the most interesting manager at the Gold Cup the one who hasn't even appeared yet? Jesse Marsch, the American in charge of Canada's men's national team, is currently serving a two-game suspension. He missed out Tuesday's opener against Honduras in Vancouver (watching the 6-0 win from afar in a suite at BC Place) and will also sit out Saturday's Group B game vs Curaçao in Houston. On Wednesday, Concacaf said it would be further investigating Marsch for rules violations and using offensive language during Tuesday's game — even though he wasn't' even coaching. It only adds another layer of intrigue for a manager that FOX Sports analyst Alexi Lalas described as "big, bold and arrogant" earlier this summer. So, who is Jesse Marsch and why has he become one of the most polarizing figures at the Gold Cup? Lets's dive in: Why Is Marsch Suspended? Marsch's suspension dates back to March. He received a red card during the UEFA Nations League third-place match against the U.S. for berating the referee and then refusing to leave the pitch. His original one‑game ban was increased to two after Concacaf's disciplinary committee ruled his conduct was "unacceptable." But with Wednesday's announcement of a fresh investigation into Marsch, it could lead to further disciplinary action. As of now, Marsch will return for Canada's group stage finale against El Salvador on June 24 in Houston. And after the Canadians' statement win, this team is very much living up to expectations of being a tournament favorite and winning the title for the first time since 2000. Was Marsch ever a U.S. men's coach candidate? Yes, he was. Marsch made a splash coaching in Europe with Austrian club FC Salzburg from 2019-2021 and then had a short stint at Germany's RB Leipzig before getting fired from Leeds United in 2023. Marsch interviewed for the U.S. men's team job in 2023, but U.S. Soccer rehired Gregg Berhalter. Marsch was candid about that decision, saying afterward that he "wasn't treated very well in the process." Instead, he was hired to take over Canada's team ahead of the 2024 Copa America, and led the team to a surprise run to the semifinals where it lost to eventual champion Argentina. But the feud between Marsch and U.S. Soccer has only increased since then. What has Marsch said about the U.S. men's team? Marsch has taken some digs at the U.S. men's team since becoming Canada's coach. After the U.S. was eliminated in the group stage at the 2024 Copa America, Marsch was pretty candid about the team he once represented as a player. "I'm disappointed with the performances, the lack of discipline. There are a lot of things that I think we've tried to embody about the game in the U.S., and we've always believed in those group of players," Marsch said last summer. "I'm not there every day, so I don't have my finger on the pulse of what's going on, but it's certainly not what we expected coming into [the Copa America]." Ahead of this edition Gold Cup, there was talk about whether Marsch would consider the U.S. men's job should Mauricio Pochettino leave the post – especially ahead of the 2026 World Cup. "I want to make it clear – I don't care about the U.S. team, and I never want to coach the U.S. national team. I'm making that clear right now," Marsch said. With Canada also being a co-host for 2026 World Cup, expect Marsch to still be involved if the team continues to live up to its expectations. Marsch vs. Pochettino: Should we expect a U.S.-Canada clash at the Gold Cup? If the U.S. and Canada advance to the knockout rounds – both teams are in control of their respective groups – they could square up at one of the semifinal games on July 2. That would make for a tantalizing matchup between Marsch and Pochettino. These two coaches have already faced each other in March – the 2-1 win for Canada in the UEFA Nations League third-place match that got Marsch suspended in the first place – so expect some fireworks if the two teams meet. Canada has not won this tournament since 2000, so expect for Marsch to be extra motivated if the U.S. stand in his way of the title. After all, Canada has one of the best squads in the tournament (although Alphonso Davies is out with an injury). That's something Marsch made clear when he talked about the U.S. squad, which is missing players like Christian Pulisic. "Not one guy called me and said, 'Coach, I don't know, it's been a long year, maybe I don't come to the Gold Cup.' Not one guy," Marsch said earlier this month. "Not even close to that conversation." Want great stories delivered right to your inbox? Create or log in to your FOX Sports account and follow leagues, teams and players to receive a personalized newsletter daily! recommended Get more from Gold Cup Follow your favorites to get information about games, news and more in this topic
Cision Canada
18 hours ago
- Business
- Cision Canada
Decision Notice - CIRO Hearing Panel sanctions Michael Rolland Smith Français
HALIFAX, NS, June 19, 2025 /CNW/ - Following a disciplinary hearing held on June 2, 2025, at which an Agreed Statement of Facts was provided, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules found that Michael Rolland Smith: (a) misappropriated monies from a client or otherwise obtained monies from a client, some or all of which were not repaid, (b) changed the designated beneficiary for a client's mutual fund accounts to family members, and (c) failed to cooperate with an investigation into his conduct by CIRO Staff. The hearing panel imposed the following sanctions on Michael Smith: (a) a global fine of $1,509,879.41 (b) a permanent prohibition from conducting securities related business in any capacity while in the employ of or associated with any Dealer Member of CIRO. Michael Smith will also pay costs of $20,000. The hearing panel's reasons for decision will be made available at The Agreed Statement of Facts is available at: Smith, Michael – Agreed Statement of Facts At all material times, Michael Smith conducted business with Investors Group Financial Services Inc. in the Amherst, Nova Scotia area. Michael Smith is not currently registered in the securities industry in any capacity. The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322. CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms. SOURCE Canadian Investment Regulatory Organization (CIRO)
