Business

As we all know, The Government of India has suspended domestic and international passenger flight operations from midnight on March 24 for next 21 days as our Prime Minister has imposed the nation-wide 21 days lockdown to control the increasing cases of COVID-19 in India. However, cargo flights, medical evacuation flights, offshore helicopter operations and flights permitted on special ground ...

British Columbia is all set to start charging its business with new Employers Health Tax (EHT) from Jan. 1, 2019. The tax applies to businesses that have an annual payroll expense of more than $500,000. The provincial government said that the tax is being put to cover the costs of Medical Service Plan premiums. “The Employer Health Tax will have ...

Foreseeing the opportunities, Barinder Rasode, an Indian Canadian co-founded a new accelerator for the recently legalized Cannabis industry. She is CEO of the Vancouver based Grow Tech Labs that facilitate innovation in Cannabis industry and generate opportunities. “Because this is a new industry and we are dealing with the challenges of supply, high quality cannabis, its processing and packaging, the ...

Diplomatic feud between Canada and China that started with the arrest of Huawei’s Meng Wanzhou is bound to escalate further with China detaining third Canadian citizen After the arrest of Meng on 1 December, Chinese security had earlier detained Michael Kovrig, a former diplomat and the businessman Michael Spavor, both Canadians. Beijing has earlier threatened Canada with “grave consequences” if ...

Canada’s provincial and territorial finance ministers are meeting with federal Finance Minister Bill Morneau in Ottawa to discuss country’s economy, the Canada Pension Plan, challenges in the oil sector. The meeting will also be the forum to review measures being taken for countering tax evasion and to discuss country’s low unemployment rate, country’s competitiveness in global economy and trade. The ...

Health Canada has granted Shoppers Drug Mart a licence to sell medical marijuana online. Shoppers Drugs Mart can now sell dried and fresh cannabis, as well as plants, seeds and oil. A website has been set up by the company, which says that patients “with a valid medical document will soon be able to purchase a wide selection of medical ...

Chinese telecoms giant Huawei’s global CFO Meng Wanzhou was arrested in Vancouver on December 1. Meng Wanzhou, who is one of the vice chairs on the Chinese technology company’s board and the daughter of company founder Ren Zhengfei, faces extradition to the United States and a bail hearing has been set for Friday. Earlier this year, US media had reported ...

The Bank of Canada on Wednesday decided to keep the benchmark interest rate steady at 1.75% while absorbing the impact of drastically lower oil prices on the economy. The bank had earlier raised its rate to 1.75 per cent in October. The bank’s rate directly affects the rates that Canadian consumers get from retail banks. When the central bank increases ...

Prime Minister Justin Trudeau, U.S. President Donald Trump and Mexican President Enrique Pena Nieto signed the most discussed and awaited North American Trade agreement on the side lines of the G20 summit in Buenos Aires. Though Trump named the deal as United States–Mexico–Canada Agreement (USMCA), Canada will change the order of the countries in its legal version of the name, ...

British Columbia is set to launch in early 2019, the new two-year immigration pilot program to attract foreign entrepreneurs to smaller communities around the province. Under this program, the British Columbia Provincial Nominee Program (BC PNP) will work in partnership with regional communities of less than 75,000 people to welcome approved immigrant entrepreneurs who want to open a new business. ...