Canada Readies Beneficial Ownership Registry

Canada’s reputation has a good place to launder money may soon come to an end. A good step to preventing organized crime from using the Canadian economy to “clean” their money is tabled in parliament. The beneficial ownership registry will require companies to declare who or what organization benefits from a subsidiary or otherwise owned business. Such a registry exists in other countries and helps law enforcement and cornered organizations better track what companies are up to.

Canada’s announcement for a publicly accessible registry brings it in line with G7/G20 and Five Eyes’ strategies to advance national security goals and surpasses the new Financial Action Task Force standard on beneficial ownership registries. These registries have become more urgent as transnational criminal networks and foreign state actors seek to exploit liberal democracies to hide dirty money. Currently, 108 countries have made commitments to publicly accessible registries, and Canada can begin next steps in ensuring that all registry data is secure and useful to all FINTRAC reporting entities and law enforcement.

“Tax dodging and money laundering cost the public billions every year,” said Dr. DT Cochrane, economist with Canadians for Tax Fairness. “A publicly accessible registry will significantly improve tax compliance and enforcement for all levels of government.”

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How Neighbourhoods Are Fighting Climate Change

Neighbourhoods in Canada are trying to change the world by focussing on their own street. Across the country there are streets of houses proving that a transition from using fossil fuels to heat and power a home is possible in a country that loves to subsidize the oil and gas industry. And yes, going green saves money too.

The Pocket Change Project provides not only an example of how to convert your neighbourhood but information on how to do it. It may seem like a daunting task to go for fully electric in a place that guzzles gas for homes, but it’s doable and with the guides from Pocket Change it’s easy.

If you’re fortunate enough to own a home then you should you do your part and cut out gas.

When it comes to reducing household emissions, Dowsett is clear-eyed about where he thinks the responsibility lies.

“We who are the affluent ones are the ones who create an outsized carbon problem; people who are less affluent do not,” he said. “I think it’s very disingenuous of us to try and impose austerity on people who are not the problem. We are the problem. We need to change,” he said, before adding with a laugh, “rant over.”

Other Pocket residents echo this sentiment. “I believe that people who are privileged enough have a responsibility to do this,” said Lori Zucchiatti O’Neill. “A lot of people can’t afford to do this, but we can afford to do this. So it’s like, full steam ahead.”

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Canada Starts Single Use Plastic Ban

Plastic in a lake, AI generated

Canada joins other nations in the banning of wasteful single use plastics starting at the end of this month. Canada’s plastic ban is being rolled out in an incremental fashion with the manufacture and importation of certain plastic items banned first, so what’s in stock now can still be used. Over the following couple of years items will get banned, first plastic bans and by 2024 plastic rings. Other countries have taken a more stringent approach than Canada, but at least the country is moving forward on the ban. When it comes to ending the climate crisis any win is a win!

“There is a clear linkage between a world free of plastic pollution and a sustainable world, rich in biodiversity—a world that also best supports the health and economic security of Canadians, protects our environment, and helps in the fight against climate change.”

The announcement highlights Canada’s ongoing commitment towards zero plastic waste goal.

By June next year, the country will ban manufacturing and importing of ring carriers, followed by a ban on its sale in June 2024.

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Living Wage Canada Releases New Rates, Annual Calculations

conversation

It’s one thing to have a job, it’s another thing to have a job that pays you enough to participate in society. Canada’s minimum wage, like most places, doesn’t match the reality of what a person needs to earn to make a living (thus people say minimum wage deserves minimum effort). Despite this unfortunate starting point, Living Wage Canada has found a way to streamline for both employers and employees what to expect an hourly minimum rate should be. As a result, the organization makes it easier for employers to be a certified living wage employer and will make it simpler for workers to know what to ask for.

The living wage movement in Canada stemmed from conversations around child poverty in the early 2010s. One major contribution to child poverty is parents who are working but still not able to make ends meet. Because of this focus on children the living wage was originally calculated for a family of four with two working parents. At the time, testing showed that the living wage rate for single parents with one child and single adults were fairly close to that of the reference family of four. However, over time, the living wage rates for these different household types have grown. The introduction of the Canada Child Benefit in 2016 by the federal government lowered living wage rates across the country. In 2019, the provincial government in Ontario introduced the CARE credit, which offers additional support to households with children.

Read more (PDF).

Thanks to Delaney!

Protests Work: Ontario to Repeal Anti-Worker Legislation

Last week the Conservative Ontario government did what was previously unthinkable in Canada: take away charter rights from people who work. This unprecedented act was met with widespread opposition from unions coast to coast as the Conservatives made it clear that collective bargaining (like NHL and MLB players have) will no longer be respected. People said no and launched massive protests defending worker’s rights and now the weak Conservatives admitted they were wrong and will repeal their legislation.

Protesting works and don’t let anybody try to convince you otherwise.

“(Workers) took on the Ford government and the government blinked,” said CUPE national president Mark Hancock.

Opposition to the law had been gathering steam over the past several days and the unions used the press conference to give Ford a glimpse of what he faced had he not promised Monday morning to repeal the law.

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