MasterCard announces fee hike for small business

MasterCard announces fee hike for small business

Following recent decisions by Visa Canada, MasterCard Canada has communicated plans to
increase its transaction fees for small merchants in the summer of 2013. MasterCard will increase its “assessment fee” from 6.4 to 7.7 basis points on July 1, 2013 – a 20 per cent increase. “CFIB is very disappointed that MasterCard is choosing to increase its fees at a time when small firms are struggling with an uncertain economy,” said Canadian Federation of Independent Business (CFIB)... Keep Reading

Government provides tax deferrals for livestock

More livestock producers in British Columbia, Alberta, Manitoba, Ontario and Quebec will have financial breathing room to help them cope with the effects of extremely dry growing conditions on forage yields. Agriculture Minister Gerry Ritz recently announced the list of designated areas eligible for tax deferrals has been expanded.

“Our government understands the difficulties faced by livestock producers due to unforeseen weather and we are acting,” said Ritz. “With this tax deferral,... Keep Reading

Aerospace review calls for policy, program renewal

The aerospace and space sectors make critical contributions to Canada’s prosperity and security, but if those sectors are to remain vibrant and competitive over the next 20 to 30 years, relevant public policies and programs will need to keep pace with rapidly changing global conditions. That is the central finding of the arm’s-length Aerospace Review, launched by the Government of Canada on Feb. 27, 2012, consisting of two volumes – one on the aerospace sector and one on
the space... Keep Reading

VIA Rail service grows in use in December

Between Dec. 20 and Jan. 6, VIA Rail welcomed 14 per cent more passengers than last year on its legendary service, The Canadian. Close to 7,000 passengers traveling on 10 trains chose The Canadian to take them home for the holidays while enjoying Canada’s breathtaking landscapes, VIA Rail’s attentive and courteous service and its outstanding cuisine.

The most popular legs of the journey were (in order of passenger volume) Jasper-Vancouver, Edmonton-Vancouver, Toronto-Winnipeg,... Keep Reading

Hydro One launches online tool to help shape priorities

Hydro One is the first North American utility to launch an innovative, online asset-analytics ool providing the company with the ability to make more effective and prudent investment decisions.

By using a powerful combination of mapping software, asset condition and location information and business ntelligence, Hydro One now has accurate, complete, cross-referenced, analyzed data available instantly.

“This tool will help us increase reliability and value for our customers and ratepayers by... Keep Reading

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