CANADA FEDERAL ELECTION TAX POLICY
Trump pocketed over $57 mn from crypto coin sales
US President Donald Trump pocketed more than $57 million from token sales by the crypto venture he and his sons helped launch last year, according to federal financial disclosure forms released by the White House.
Trump pocketed over $57 million from crypto coin sales
US President Donald Trump pocketed more than $57 million from token sales by the crypto venture he and his sons helped launch last year, according to federal financial disclosure forms released by the White House. Trump and his sons helped launch the cryptocurrency investment and lending platform ahead of last year's election, raising conflict of interest concerns especially after he went on to win.
Canada’s top doctor Dr. Theresa Tam steps down amid alarming health crises
Dr. Theresa Tam, Canada's chief public health officer, will leave her role in June 2025. She served for eight years, dealing with major health crises like COVID-19. Tam also worked on SARS, Ebola and MERS. She plans to spend time with family and pursue her musical interests. The Public Health Agency of Canada is looking for her replacement.
5 world market themes for the week ahead
Global markets face a volatile week as Middle East tensions escalate, driving oil prices up. Central banks, including the U.S. Federal Reserve, are set to make crucial interest rate decisions. Investors await clarity on the Fed's stance amid inflation concerns. The Bank of Japan's policy meeting is also keenly anticipated.
Canadians urged to “stay away” from LA protests amid rising tensions in US
Canada has cautioned its citizens in the US to avoid demonstrations, particularly in Los Angeles, due to escalating unrest following ICE raids and subsequent protests. The situation has intensified with federal intervention, including the deployment of the National Guard and Marines, sparking legal challenges and raising concerns about potential overreach.
Judge blocks Trump's election executive order, siding with Democrats who called it overreach
A federal judge has blocked President Trump's attempt to overhaul US elections, siding with Democratic state attorneys general who argued the effort was unconstitutional. Trump's executive order aimed to mandate documentary proof of citizenship for voter registration and restrict acceptance of mailed ballots, conditioning federal election grants on adherence to the new ballot deadline.
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Canada Post workers “forced into vote” amid accusations of government collusion, strike chaos looms
After a series of prolonged negotiations and disruptions, Canada Post employees are compelled to vote on the company's final offer, a move approved by the government, citing public interest. The offer includes wage increases and structural changes, but the union strongly opposes it, alleging bypassed bargaining rights and urging a 'no' vote.
Carney to bring “Canada Strong Pass”, a subtle but sweeping attempt to rewrite how Canadians travel and remember
The Canadian government will soon launch the Canada Strong Pass. This initiative aims to unite citizens and reduce travel expenses. The pass offers free VIA Rail travel for children with parents. It also provides free or discounted access to museums, parks, and historic sites. The program seeks to encourage domestic tourism and appreciation for Canada's heritage.
Trump tariffs to remain in effect while appeals proceed, US appeals court rules
A federal appeals court has allowed President Trump's tariffs to remain in effect while it reviews a lower court decision that blocked them. The court will consider whether Trump exceeded his authority by imposing the tariffs under an emergency economic powers act.
Trump claims ‘great win for US’ as court allows his tariffs to remain in place for now
President Trump hailed a federal appeals court ruling as a significant victory for the US, allowing his administration to maintain sweeping tariffs. The US Court of Appeals' decision enables Trump to continue enforcing his "Liberation Day" tariffs on imports from most US trading partners.
ISIS-linked Pakistani citizen was planning Hamas-type mass shooting in New York: FBI chief Kash Patel
A Pakistani national residing in Canada, Muhammad Shahzeb Khan, has been extradited to the US for allegedly planning a terror attack on a Jewish center in Brooklyn. Khan intended to carry out a mass shooting on October 7, 2024, marking the Hamas attack anniversary. Inspired by ISIS, he faces charges of providing material support to the terrorist group.
Trump tantrum: After world's fourth-largest economy California, 10 other states can withhold federal taxes
Tensions have escalated between California and the Trump administration over federal taxes. Governor Newsom threatened to withhold California's tax contributions after the administration proposed cutting funding to the state's university system.
Poilievre pushes for national projects: Another bold vision or a desperate bid to stay relevant?
Conservative Leader Pierre Poilievre advocates for pushing forward with major projects like oil pipelines, even without unanimous provincial consent, to boost Canada's access to Pacific markets. This stance contrasts with Prime Minister Mark Carney's legislation emphasizing provincial agreement. While some premiers support the idea, others express concerns, highlighting potential regional tensions, especially in provinces prioritizing environmental mandates.
Will Los Angeles protests disrupt World Cup and Olympics? Is FIFA relocating matches to Mexico and Canada?
Los Angeles, a key city for the 2026 FIFA World Cup and 2028 Olympics, faces scrutiny amid nationwide immigration protests against President Trump's policies. Concerns are rising about how these tensions might impact preparations for the sporting events. Despite official assurances and exemptions for athletes, visa delays and travel bans have sparked worries about discouraging international participation.
Canada launches $9.3B defence surge to meet NATO’s two percent defense spending; eyes 5 percent target in the future
Canada aims to meet NATO's defence spending target. Prime Minister Mark Carney made the announcement. The investment totals $9.3 billion by 2025-26. Funds will modernize military hardware. The plan focuses on domestic capabilities. Canada seeks to reduce reliance on US military procurement. Conservative Leader Pierre Poilievre wants transparency. The government may increase defence spending further.
Netflix, Apple, and Amazon fight against the CRTC rule as they push back on the Canadian order to fund local news and culture
Netflix, Spotify, Apple, and Amazon are challenging Canada's Online Streaming Act in court. These companies dispute the CRTC's authority to regulate streaming services. They argue the mandated contributions to Canadian content are unfair. Broadcasters say online platforms should also fund local content. The court's decision will impact digital regulation and funding for Canadian news.
'Carney had no options': Foreign affairs expert KP Fabian on Canada's invitation to PM Modi for G7 Summit
Despite initial hesitation due to domestic political tensions stemming from the killing of a Khalistani separatist, Canada has invited Prime Minister Narendra Modi to the G7 Summit. Pressure from other G7 members, recognizing India's vital role in global trade, Indo-Pacific stability, and its status as a major economy, ultimately led to the invitation.
Look forward to PM Modi's visit to Canada for G7: Former MP Chandra Arya
Chandra Arya anticipates Narendra Modi's Canada visit for the G7 Summit. He emphasizes shared values between India and Canada. Arya views India as a crucial partner for Canada. Mark Carney highlights India's essential presence at the G7. Discussions will cover security and energy. PM Modi acknowledged the invitation from his Canadian counterpart.
PM Modi at G7: Is Carney undoing Trudeau's Khalistan policy?
Narendra Modi G7 summit: Canadian Prime Minister Mark Carney's invitation to Modi for the G7 summit signals a shift in Canada-India relations, contrasting with Trudeau's strained approach following the Nijjar killing. Carney emphasizes law enforcement dialogue and downplays the Khalistan issue, prioritizing national interests over domestic politics. This move aims to salvage Canada's foreign policy from being influenced by fringe political considerations.
California, the world’s fourth-largest economy, takes on Trump and threatens to withhold $80 billion in federal taxes
Gavin Newsom federal tax threat has taken center stage as the California Governor warns President Trump over possible cuts to federal grants. Newsom says California sends $83 billion more in taxes to Washington than it gets back — and he’s ready to rethink that. This comes after Trump targeted the state over its law allowing transgender athletes in school sports, following the success of 16-year-old AB Hernandez. The standoff is heating up fast, with lawmakers calling it “political extortion.” With California’s massive economy involved, the nation could feel the impact. Here’s what’s really going on.
Indian students among those hit as Canada clamps down on dummy visa extensions
Immigration, Refugees and Citizenship Canada (IRCC) has updated its 'maintained status' rules to prevent misuse of visa extensions. The change targets applicants submitting ineligible extensions to prolong their stay. Now, a second extension application will be denied if the first is rejected, closing a loophole used by temporary residents, including students and workers, to buy time.
Indian diaspora to benefit as Canada proposes expansion of citizenship by descent
Canada's Bill C-3 aims to eliminate the first-generation limit on citizenship by descent, addressing a court ruling that deemed the restriction unconstitutional. If passed, the bill would grant citizenship to those previously ineligible and allow Canadian parents born abroad to pass on citizenship to their foreign-born children, provided they've lived in Canada for three years.
Canada tables 'One Canadian Economy' Bill to boost domestic trade and infrastructure
Prime Minister Mark Carney's government introduced Bill C-5, the "One Canadian Economy" bill, aiming to dismantle interprovincial trade barriers and expedite infrastructure project approvals. This initiative seeks to unify Canada's internal market, addressing trade tensions with the U.S. The bill targets federal obstacles to trade and labor mobility, potentially boosting the Canadian economy by $200 billion annually.
Canadian thaw! Mark Carney invites PM Modi for G7 meet
Prime Minister Narendra Modi will attend the G7 Summit in Canada later this month, following an invitation from newly elected PM Mark Carney, signaling improved bilateral relations. The summit in Kananaskis, Alberta, from June 15-17, offers Modi a platform to address cross-border terrorism.
Elon Musk to start new political party amid feud with Trump? Tech mogul drops big hint on X
Elon Musk has asked if it is "time to create a new political party in America" amid his messy public feud with President Donald Trump. The feud between the world's richest man and the most powerful politician is all out in the open. Musk left his role with the Department of Government Efficiency (DOGE) last week but rammed up his criticism of Trump's tax-cut bill. Now, Musk has asked if he should start a new political party.
Canada Citizenship Bill addresses ‘Lost Canadians’ and First Generation Limit’; check features and eligibility
Canada introduced Bill C-3, or the Citizenship Bill, to fix citizenship rules. The Bill addresses issues for 'Lost Canadians'. It aims to grant citizenship to those denied due to old laws. Children born abroad can get citizenship if their parents lived in Canada for three years. This follows a court ruling against the previous law.
Canada throne speech vote clears House as PM Mark Carney survives his first confidence vote
Prime Minister Mark Carney's Liberal government survived its first confidence vote on June 4, as the throne speech passed without a recorded vote or opposition. The speech outlines the government's priorities, including economic stability, affordability, and climate action. Despite opposition criticism, no party triggered a formal vote, allowing the government to proceed with its agenda.
Liberals unleash $3.86B in re-election cheques across Canada; Strategic spend or voter sway?
Canada saw a flurry of funding announcements by Liberal MPs before the recent election. They committed billions to various projects nationwide. Quebec's transit got significant boosts. Similar spending sprees occurred before past elections too. Some MPs who announced funding won, others lost. The effectiveness of this strategy in securing votes remains uncertain. The data shows a mixed bag of results.
Poilievre vows to stay on as leader, confident in party’s gains and upcoming byelection comeback
Despite losing his seat in the 2025 election, Pierre Poilievre expresses confidence in his leadership, highlighting Conservative gains in votes and seats. Former leader Andrew Scheer will serve as interim Leader of the Opposition. Following his defeat, a Conservative MP is resigning to allow Poilievre to run in a byelection in Alberta, with Prime Minister Carney promising a swift process.
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