IN THE NEWS
Reporting Foreign Property — When Does This become Relevant for Your Case?
Many Canadians enjoy a home away from home and/or have assets, investments or other specified foreign property held outside of Canada. Under certain situations, the Canada Revenue Agency (CRA) requires Canadian residents to file an annual declaration (in a prescribed manner) of all such specified foreign property valued over a $100,000 via prescribed form T1135.
Failures can result in hefty penalties (up to $2,500 and even more for gross negligence). This declaration is to be filed along with your personal tax returns.
Read more from Balaji Katlai
Campaign Experts Join Growing Enterprise Government Relations Practice
Enterprise, a leading Canadian government relations and public affairs firm, is growing again with the addition of former political staffers Semhar Tekeste and Katie Heelis to its team of experts.
“We are thrilled to welcome Semhar and Katie to Enterprise as we expand our team at this exciting time of change in the province,” said Enterprise CEO Barbara Fox. “Both women bring strong experience from inside government and on election campaigns and are highly respected by their former colleagues at Queen’s Park and on Parliament Hill.”
Because You Helped: Niagara Health Foundation Launches Donor Impact Report
Niagara Health Foundation is excited to release their first Donor Impact Report. Since rebranding last November, NHF has been more focused than ever on working with community partners who share a passion for making a difference at our local hospitals — donors like YOU.
Your contributions have helped purchase state-of-the-art equipment and technology to diagnose and treat thousands of patients who rely on Niagara Health each year. Please take a moment to read about how your generosity has made a difference for healthcare in Niagara.
Read the Donor Impact Report
‘This is rocket fuel’: Constellation Brands Spending $5 Billion to Boost Stake in Canopy Growth
Constellation Brands Inc., which for seven decades has made its money off beer, wine and whiskey, sees its future in a marijuana leaf. In the biggest (legal) cannabis deal, the beverage company will spend about $5 billion to boost its stake in Canadian grower Canopy Growth Corp., betting legalization will gain traction around the world and especially in the U.S.
“This is rocket fuel,” Canopy Chief Executive Officer Bruce Linton said on the company’s earnings call Wednesday. “We’re going to be way more global.” Constellation will own 38 per cent of Canopy, up from about 10 per cent, according to a statement Wednesday.
Niagara College Recognized as Top Performer, Earns Silver for Sustainability
When it comes to sustainability, Niagara College reaches for the STARS — and earns them. NC has been recognized as a top performer by the Association for the Advancement of Sustainability in Higher Education (AASHE).
The college was named among AASHE’s top 10 overall performers among associate colleges and earned a STARS silver rating. STARS measures and encourages sustainability in all aspects of higher education. NC also tied for fifth on a list of 10 top performers for Wellbeing and Work with a score of 86.6 in that category.
New Head of Folk Arts Multicultural Centre ready to say welcome
In a way, it’s like Emily Kovacs is coming home. The new executive director of Niagara Folk Arts Multicultural Centre — whose first day on the job will be Tuesday — began her career as a Brock University student at the St. Catharines-based centre.
She also has a connection as a former newcomer to Canada. “What’s it’s like to not speak the language, to be starting a new school, starting a new life — I certainly identify with that and I have gone through that,” says Kovacs, who moved to Canada from Romania when she was 16.
Read More in the St. Catharines Standard