Three important initiatives were announced by Finance Canada this week: a US-dollar denominated global bond issue and second, more significantly the launch of North America’s first trading hub using Chinese currency, the renminbi or RMB, which is poised to take a leading position as a global trading currency, after the US Dollar and the Euro.
As of March 1, 2015 just over three million personal tax returns had been received by CRA and not surprisingly, only 13% of these returns were paper-filed – everything else was filed with CRA electronically.