Efforts to Combat Snow Washing: Canada Moves Towards a Beneficial Ownership Registry

(Disponible en français : Lutte au blanchiment à la neige : les premiers pas du Canada vers un registre des bénéficiaires effectifs) Beneficial Ownership and Money Laundering When a criminal activity generates substantial profits, the individual or group involved inevitably attempts to control those funds in a manner that avoids the attention of authorities. This activity…

Issues and Concerns Related to Digital Currencies

(Disponible en français : Enjeux et préoccupations liés aux monnaies numériques) This HillNote is the second of three on the topic of digital currencies. Part 1 of the series dealt with the taxation and regulation of digital currencies and part 3 will discuss blockchain technology and its various applications. A.      The Hype Recent media…

Taxation and Regulation of Digital Currencies

(Disponible en français : Fiscalité et réglementation des monnaies numériques) This HillNote is the first of three on the topic of digital currencies. Part 2 of the series will deal with issues and concerns related to digital currencies and part 3 will discuss blockchain technology and its various applications. A.        Digital Currencies Since 2008, digital…

Peace Tower close-up of clock face with detail, Parliament of Canada

The Parliamentary Financial Cycle: An Introduction

(Disponible en français : Introduction au cycle financier parlementaire) One of Parliament’s fundamental roles is to review and approve the federal government’s taxation and spending plans. While budget-setting is an executive function, the government cannot change taxation rates, impose new taxes or spend public funds without Parliament’s approval. This document provides an introduction to the…