Siemens
Siemens

Noteworthy News – July 19, 20171 minute read

Tax loopholes that help the wealthy could be on the chopping block in Ontario, a new training facility opens in Alberta as Fort McMurray rebuilding efforts ramp up, and impending NAFTA revisions could hurt some retailers while helping out Canadian small businesses. Here’s this week’s Noteworthy News.

Noteworthy News – July 19, 2017

  1. Ontario tax reform is targeting loopholes that help wealthy Canadians reduce their tax burden. Finance Minister Bill Morneau is setting his sights on private corporations that could be hiding some shady tax practices. Via the Toronto Star
  1. In the wake of the Fort McMurray fire, the Alberta Construction Safety Association (ACSA) has opened a new training facility to support safe rebuilding efforts. 2,457 private dwellings were destroyed in the fire, and 785 housing starts are already underway. Via On-Site
  1. As Siemens plans to close its turbine blade manufacturing plant in Tillsonburg, Ontario, 340 people are preparing for layoffs. The company blames “dramatic changes” in the global wind market for the impending closure. Via Canadian Manufacturing
  1. What will come of the NAFTA revisions? Some retailers expect a hit to their businesses, while others expect consumers will benefit and small businesses could prosper. Via the Toronto Star
  1. The competition between big beer companies and craft brewers heats up as more independent beer makers point fingers at unfair tactics used by large-scale producers. Via CBC
This blog is provided for information only and is not a substitute for professional advice. We make no representations or warranties regarding the accuracy or completeness of the information and will not be responsible for any loss arising out of reliance on the information.
Share on email
Share on linkedin
Share on twitter

Related Topics

NAFTA

Noteworthy News – August 16, 2017

Farmers are hoping specialized weather services can offer more accurate weather forecasts to help maximize return on crops, backcountry regions in British Columbia are experiencing

WannaCry

Noteworthy News – May 17, 2017

The WannaCry ransomware attack might be particularly bad for small businesses, rapidly changing technology could mean the downfall of the petroleum industry within the next

Get a quote

    Contact Us

      Contact Us

      Welcome to
      Northbridge Insurance

      In order to offer a better experience, please confirm your location