Large Value Transfer News Today

On April 11, 2020, Income Tax Act. The Subsidy is designed to enable employers to keep employees on payroll, to enable employers to re-hire workers that were previously laid off, and to help employers hire new workers during the COVID-19 pandemic. The Subsidy was initially in place for a 24-week period from March 15 to August 29, 2020. However, on July 27, 2020, Bill C-20 - An Act respecting further COVID-19 measures, received royal assent, which extended the Subsidy to November 21, 2020, and ...

FINTRAC") in December 2020. 6 RevoluGROUP has been operating in Europe, where open banking is permitted, and is now aiming to launch their banking app, RevoluPAY in Canada. For more information on the development of open banking/CDF in Canada, along with its risks and merits, please refer to our February 2019, July 2019, and February 2020 bulletins. Payments Canada Modernization On December 8, 2016, Payments Canada announced a multi-year plan to modernize Canadas payment systems. This plan incl...