March 2020 – Page 2 – Follow To Know

Liberals Give Big 3 Wireless Providers Two Years To Cut Prices By 25 Percent | CBC News

March 6, 2020March 6, 2020 mdbincbi

The Liberal government is giving Canada’s big three national wireless providers two years to cut their basic prices for cellphone services by 25 per cent — and telling them it will step in to cut prices if they don’t comply. Innovation, Science and Industry Minister Navdeep Bains issued the ultimatum today along with new spectrum auction rules that could open up Canada’s wireless market to new competition. “Yes, affordability is a challenge and we need to see lower prices,” Bains told CBC news. Bains said the government expects Bell, Telus…

U.S. Tax Rules Raising The Stakes For Canadian Residents With American Citizenship | CBC News

March 3, 2020March 3, 2020 mdbincbi

Many Canadian residents with U.S. citizenship could risk fines or the closure of their banking or investment accounts in the coming months if they don’t provide financial institutions with U.S. identification numbers, officials warn. Experts say that in some cases, financial institutions may close accounts rather than face fines for not providing U.S. social security or taxpayer identification numbers for clients who could be subject to U.S. income tax, such as dual citizens. That means the stakes are about to get higher for those who haven’t been filing returns and for “accidental Americans” — Canadians…