Tag #Canada

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theglobeandmail.com

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Jan 29, 16:12

Canadian In-House Lawyer Salaries Rise Amidst Market Demand

A survey of 759 Canadian in-house lawyers reveals an 8 percent gender pay gap and a 12.2 percent racial pay gap, with British Columbia maintaining the highest median base pay at $191,000 despite a year-over-year decrease, while Ontario, Alberta, and Quebec saw increases.

Canadian In-House Lawyer Salaries Rise Amidst Market Demand

A survey of 759 Canadian in-house lawyers reveals an 8 percent gender pay gap and a 12.2 percent racial pay gap, with British Columbia maintaining the highest median base pay at $191,000 despite a year-over-year decrease, while Ontario, Alberta, and Quebec saw increases.

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How do factors such as gender, race, and career choices influence salary outcomes for in-house counsel in Canada?

The salary survey reveals a complex interplay between inflation, market demand, and career choices. While inflation and previous law firm raises contributed to the pay bumps, the persistent demand for in-house lawyers further propelled these increases. Additionally, the data suggests that career stability, particularly for 5-9 years, yields higher earnings than frequent job changes.

theglobeandmail.com

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Jan 29, 19:11

Lenders Turn $144 Million Debt into Private Equity Firm After Borrower's Insolvency

Following the January 2024 insolvency of borrower Robby Clark, who owed over $144 million to 177 lenders, those lenders formed BIG North Capital (BNC), a private equity firm, to recover their losses by converting their debt into an equity stake in 185 properties worth approximately $44 million.

Lenders Turn $144 Million Debt into Private Equity Firm After Borrower's Insolvency

Following the January 2024 insolvency of borrower Robby Clark, who owed over $144 million to 177 lenders, those lenders formed BIG North Capital (BNC), a private equity firm, to recover their losses by converting their debt into an equity stake in 185 properties worth approximately $44 million.

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What immediate impact did Robby Clark's insolvency have on the 177 lenders involved, and how did they respond to mitigate their losses?

In January 2024, the insolvency of Robby Clark, a borrower who had amassed over $144 million in debt from 177 lenders, led to the formation of BIG North Capital (BNC), a private equity firm. BNC is comprised of these lenders who converted their debt into equity, initially holding 185 properties valued at approximately $44 million. This unconventional approach aims to recoup losses incurred during the lengthy insolvency proceedings.", A2="The insolvency highlighted the risks associated with private mortgages and the vulnerabilities of numerous small lenders. The creation of BNC represents a collective strategy to salvage investments, contrasting with traditional approaches of selling off assets. This collective action demonstrates the potential for unconventional solutions within the private investment sphere.", A3="BNC's future success hinges on the ability to manage, renovate, and rent out the acquired properties, and diversify its investment portfolio. The firm's plans to expand into agriculture and other sectors, alongside its expertise gained during the insolvency process, indicate a potential role in guiding other lenders through similar situations. The long-term success will depend on market conditions and the company's ability to generate returns for shareholders with varied risk tolerances.", Q1="What immediate impact did Robby Clark's insolvency have on the 177 lenders involved, and how did they respond to mitigate their losses?", Q2="What were the key factors that led to the insolvency of Robby Clark, and what were the challenges faced by the lenders in recovering their investments?", Q3="How might BNC's experience with this insolvency shape the future of private mortgage lending and insolvency recovery strategies in Canada?", ShortDescription="Following the January 2024 insolvency of borrower Robby Clark, who owed over $144 million to 177 lenders, those lenders formed BIG North Capital (BNC), a private equity firm, to recover their losses by converting their debt into an equity stake in 185 properties worth approximately $44 million.", ShortTitle="Lenders Turn $144 Million Debt into Private Equity Firm After Borrower's Insolvency"))

theglobeandmail.com

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Jan 28, 01:08

Canada Mobilizes Allies Against Trump's Threatened Tariffs

Canadian Foreign Affairs Minister Mélanie Joly is working with international allies to dissuade Donald Trump from imposing tariffs on Canadian goods by February 1st, citing Canada's significant role as a major U.S. trading partner; however, a White House executive order sets an April 1st deadline fo...

Canada Mobilizes Allies Against Trump's Threatened Tariffs

Canadian Foreign Affairs Minister Mélanie Joly is working with international allies to dissuade Donald Trump from imposing tariffs on Canadian goods by February 1st, citing Canada's significant role as a major U.S. trading partner; however, a White House executive order sets an April 1st deadline fo...

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Decent Work and Economic Growth

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How might Canada's allies' responses to Trump's tariff threats shape the overall outcome?

Joly's diplomatic efforts aim to build a united front against Trump's protectionist measures. The strategy involves exploring retaliatory options in coordination with allies and leveraging Canada's substantial economic ties with the U.S. to dissuade the imposition of tariffs. A White House executive order, however, sets an April 1st deadline for investigating trade deficits and migration issues, suggesting a potential shift in the timeline for tariff implementation.

theglobeandmail.com

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Jan 28, 07:10

Trump's Tariff Threats: Colombia Complies, Canada and Mexico Brace for Impact

Trump threatened Colombia with a 25 percent tariff for refusing to accept deported migrants; Colombia complied, averting the tariff. He similarly threatened Canada and Mexico with tariffs but may face greater challenges due to their economic significance as U.S. trading partners.

Trump's Tariff Threats: Colombia Complies, Canada and Mexico Brace for Impact

Trump threatened Colombia with a 25 percent tariff for refusing to accept deported migrants; Colombia complied, averting the tariff. He similarly threatened Canada and Mexico with tariffs but may face greater challenges due to their economic significance as U.S. trading partners.

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What are the immediate implications of Trump's tariff threats on U.S. foreign policy and relationships with key trading partners?

Trump threatened Colombia with a 25 percent tariff if it refused to accept deported migrants. Colombia complied, and the tariff was not imposed. This suggests that Trump's threats, while impactful, are not always absolute.

theglobeandmail.com

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Jan 28, 16:13

Canadian Tobacco Companies Face $32.5B Settlement Hearing

Three major Canadian tobacco companies are facing a final court hearing on a proposed $32.5-billion settlement, with provinces and territories receiving over $24 billion, Quebec class-action plaintiffs receiving over $4 billion, and other smokers and a foundation receiving a combined $3.5 billion. T...

Canadian Tobacco Companies Face $32.5B Settlement Hearing

Three major Canadian tobacco companies are facing a final court hearing on a proposed $32.5-billion settlement, with provinces and territories receiving over $24 billion, Quebec class-action plaintiffs receiving over $4 billion, and other smokers and a foundation receiving a combined $3.5 billion. T...

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Good Health and Well-being

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How did the Quebec court ruling shape the current settlement negotiations, and what are the key disagreements among involved parties?

This settlement resolves years of litigation stemming from a Quebec court ruling finding the companies prioritized profits over customer health. The deal allocates over $24 billion to provinces and territories, over $4 billion to Quebec class-action plaintiffs, $2.5 billion to other smokers, and over $1 billion to a foundation combating tobacco-related diseases. Health advocates criticize the deal's inadequacy and lack of smoking-reduction measures.

theglobeandmail.com

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Jan 28, 04:09

ChatGPT Outperforms DeepSeek and Meta AI in Canada-Related Questions

A comparative analysis of three AI chatbots—DeepSeek, ChatGPT, and Meta AI—reveals ChatGPT's superior performance in answering diverse Canada-related questions, while DeepSeek's low-cost development model challenges industry norms.

ChatGPT Outperforms DeepSeek and Meta AI in Canada-Related Questions

A comparative analysis of three AI chatbots—DeepSeek, ChatGPT, and Meta AI—reveals ChatGPT's superior performance in answering diverse Canada-related questions, while DeepSeek's low-cost development model challenges industry norms.

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What are the potential long-term effects of DeepSeek's approach on the AI industry's development and market dynamics?

DeepSeek's success suggests future AI development may prioritize cost-effectiveness without sacrificing performance, potentially democratizing access to sophisticated AI tools and altering the competitive landscape.

theglobeandmail.com

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Jan 29, 19:11

Steveston Restaurant Wins Top Canadian Culinary Award

Steveston's Baan Lao, a 20-seat restaurant, was named Canada's best restaurant at the World Culinary Awards, showcasing Chef Nutcha Phanthoupheng's refined Royal Thai cuisine and elevating Steveston's profile as a culinary destination.

Steveston Restaurant Wins Top Canadian Culinary Award

Steveston's Baan Lao, a 20-seat restaurant, was named Canada's best restaurant at the World Culinary Awards, showcasing Chef Nutcha Phanthoupheng's refined Royal Thai cuisine and elevating Steveston's profile as a culinary destination.

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Zero Hunger

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What is the significance of Baan Lao's award, and how does it impact Steveston and perceptions of Thai cuisine?

Baan Lao, a 20-seat restaurant in Steveston, British Columbia, was named Canada's best restaurant at the World Culinary Awards. Chef Nutcha Phanthoupheng's 13-course, $195 tasting menu features refined Royal Thai cuisine, challenging Western perceptions of Thai food as solely street food. This unexpected accolade propelled Steveston, a previously under-the-radar village, into the culinary spotlight.

theglobeandmail.com

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Jan 29, 22:11

Migrant Apprehended in Joint Canada-U.S. Border Operation

A migrant attempting illegal entry into Canada from the U.S. via a freight train near Niagara Falls was apprehended last month in a joint RCMP and CBSA operation, part of Project Disrupt and Deter, highlighting increased border security measures.

Migrant Apprehended in Joint Canada-U.S. Border Operation

A migrant attempting illegal entry into Canada from the U.S. via a freight train near Niagara Falls was apprehended last month in a joint RCMP and CBSA operation, part of Project Disrupt and Deter, highlighting increased border security measures.

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Peace, Justice, and Strong Institutions

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How did the threat of U.S. tariffs influence Canada's decision to increase border security measures?

This incident underscores Canada's intensified efforts to combat human smuggling following threats from the U.S. regarding border security and tariffs. The operation's success, involving intelligence and frontline officers, demonstrates the effectiveness of the $1.3 billion border enforcement plan.

theglobeandmail.com

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Jan 28, 04:09

Manitoba Redeploys Conservation Officers to Border Amidst Trump Tariff Threats

Facing President Trump's tariff threats, Manitoba is redeploying approximately 11 conservation officers to patrol the Canada-U.S. border, costing $360,000, to combat drug and human trafficking, while also providing aid to migrants, in contrast to other provinces.

Manitoba Redeploys Conservation Officers to Border Amidst Trump Tariff Threats

Facing President Trump's tariff threats, Manitoba is redeploying approximately 11 conservation officers to patrol the Canada-U.S. border, costing $360,000, to combat drug and human trafficking, while also providing aid to migrants, in contrast to other provinces.

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What is Manitoba's immediate response to President Trump's threat of tariffs, and what are the specific actions taken?

Manitoba is redeploying approximately 11 conservation officers from various municipalities to bolster border security along the U.S.-Canada border. This redeployment, costing roughly $360,000, involves patrolling border areas using various vehicles, and collaborating with the RCMP to address drug trafficking and human smuggling. The move is a response to President Trump's threat of tariffs on Canadian goods unless border security improves.

theglobeandmail.com

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Jan 28, 07:10

First Nations Reject \$3.6 Billion Settlement, to Pursue Supreme Court Action

Twelve Robinson Superior First Nations in Northern Ontario rejected a \$3.6-billion government settlement offer for broken 1850 treaty promises, choosing to pursue a larger compensation amount through the Supreme Court.

First Nations Reject \$3.6 Billion Settlement, to Pursue Supreme Court Action

Twelve Robinson Superior First Nations in Northern Ontario rejected a \$3.6-billion government settlement offer for broken 1850 treaty promises, choosing to pursue a larger compensation amount through the Supreme Court.

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What are the immediate consequences of the Robinson Superior First Nations rejecting the \$3.6 billion settlement offer?

Twelve Robinson Superior First Nations rejected a \$3.6 billion government settlement offer for broken treaty promises, citing insufficient compensation for 150 years of underpayment. They will appeal to the Supreme Court for a more equitable amount. This decision follows a Supreme Court ruling that mandated a negotiated settlement within six months.

theglobeandmail.com

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Jan 28, 16:13

Surge in U.S. Citizenship Renunciations Amid Tax and Political Concerns

Driven by tax complexities and political dissatisfaction, the number of Americans renouncing their citizenship is sharply increasing, with lawyers reporting a doubling of inquiries and long wait times for interviews, exemplified by Douglas Cowgill's recent renunciation.

Surge in U.S. Citizenship Renunciations Amid Tax and Political Concerns

Driven by tax complexities and political dissatisfaction, the number of Americans renouncing their citizenship is sharply increasing, with lawyers reporting a doubling of inquiries and long wait times for interviews, exemplified by Douglas Cowgill's recent renunciation.

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What are the long-term implications of this increasing trend of U.S. citizenship renunciation on U.S.-Canada relations and global migration patterns?

The rising trend of U.S. citizenship renunciation suggests a potential shift in global migration patterns, where tax burdens and political ideologies significantly influence individual decisions. The long wait times for renunciation interviews, now up to 12 months in Canada, indicate a growing number of applicants. This trend is expected to continue, potentially reaching record numbers in 2025.

theglobeandmail.com

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Jan 28, 13:10

Strategic RRSP Estate Planning: Minimizing Tax Liabilities and Ensuring Equitable Distribution

Upon death, RRSPs' fair market value is generally taxable, but tax deferral applies to specific beneficiaries; strategic planning, including beneficiary designations, sufficient liquid assets, and holistic estate planning, is vital to avoid tax liabilities and ensure equitable distribution among hei...

Strategic RRSP Estate Planning: Minimizing Tax Liabilities and Ensuring Equitable Distribution

Upon death, RRSPs' fair market value is generally taxable, but tax deferral applies to specific beneficiaries; strategic planning, including beneficiary designations, sufficient liquid assets, and holistic estate planning, is vital to avoid tax liabilities and ensure equitable distribution among hei...

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What are the immediate tax implications of an RRSP annuitant's death, and how can these be mitigated?

Canadians often overlook estate planning for their RRSPs, focusing instead on accumulation and retirement income. However, incorporating RRSPs into estate plans, ideally before retirement, is crucial for tax optimization upon the annuitant's death. The RRSP's fair market value is typically taxable, but tax deferral is possible for certain beneficiaries (spouse, dependent children).

Showing 1,777 to 1,788 of 2,209 results