BUSINESS STORIES OF THE WEEK Feb 25
Canada Revenue Agency began accepting tax returns for 2020, CERB was a taxable benefit, people who switched to working from home are entitled to a tax credit of up to $400 (200 days @ $2.00 per day). Bank revenues have remained strong because today banks make most of their money from fees rather than interest on loans. More use of credit and debit means more money for the banks.
Tim talks to Marvin Ryder, Assistant Professor DeGroote School of Business McMaster University