Federal gov’t sets $50,000 a year threshold on taxing passive investments
Finance Minister Bill Morneau announced that a new tax on passive income investments will only apply to earnings above $50,000 a year, according to…
Wattpad launches subscription, reportedly looking to raise $50 million with Tencent
Wattpad is looking to raise $50 million CAD from Tencent, according to a report from The Globe and Mail. Tencent will reportedly be part…
Ontario gov’t investing $30 million in Vector Institute as part of Amazon HQ bid
At a Canadian Club speech this morning, Ontario Premier Kathleen Wynne’s business advisor and Vector Institute Chair Ed Clark detailed how the province is…
Lightspeed raises $207 million Series D as company preps for IPO
Montreal-based Lightspeed has raised $207 million Series D round. The round was led by Caisse de dépôt et placement du Québec (la Caisse) with…
Alphabet investing $62 million in Sidewalk Labs Toronto site
Alphabet has officially won the bid to make Toronto the site of its Sidewalk Labs Project. Sidewalk Labs is Google’s unit dedicated to designing,…
Clearbanc powering Facebook program providing $500,000 to entrepreneurs
Facebook has launched a new program to help ecommerce companies grow their businesses on the platform — and it’s leveraging Toronto-based Clearbanc technology to…
Gov’t nixes proposed tax change targeting capital gains, will restrict income sprinkling
The federal government is cutting the small business tax rate from 10.5 percent to nine percent by 2019, and confirmed that it is not…
IBM partners with Dream Payments to help financial institutions adopt mobile tech
IBM has partnered with Toronto-based Dream Payments to help financial institutions more quickly deploy mobile payment offerings in the US. Financial institutions have historically…
#SUCanSummit: Kindred’s Suzanne Gildert wants to merge with AI
Between announcements on government investments and lab launches, most in the startup ecosystem are wondering what it will take to make Canada a leader…
Navdeep Bains says not-for-profit model will keep superclusters accountable
Minister of Innovation, Science, and Economic Development Navdeep Bains announced the last shortlisted supercluster yesterday in Vancouver, where he said BC’s focus would be…
Barry Bisson named CEO of Propel ICT
Propel ICT, Atlantic Canada’s startup accelerator, announced that Barry Bisson, former president of Shad Valley International, will join the organization as its new CEO….
Andreas Antonopolous explains how bitcoin scales trust at #SUCanSummit
At the inaugural SingularityU Canada Summit in Toronto, Andreas Antonopolous — one of the leading experts in bitcoin — explained why the technology is…
RBC integrating Wave’s financial services platform into SMB banking service
RBC and Wave have partnered to integrate invoicing, accounting, and business financial insights into RBC’s online business banking platform. Wave’s platform, which services 3…