April 2014 Issue 3

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Identity theft and SIN

Every year, thousands of people are victims of identity theft. Your name, date of birth, address, credit card, Social Insurance Number  (SIN) and other personal identification numbers can be used to open credit card and bank accounts, redirect mail, establish cellular phone service, rent vehicles, equipment, or accommodation, and even secure employment. Identity theft is […]

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Is HeartBleed a breach?

HeartBleed in itself isn’t a breach. It’s not a virus or a worm or any type of malicious code. HeartBleed is a defect in the code that a vast majority of the world’s top websites use to protect people’s information through a process called encryption, which codes personal data so it can’t be read by […]

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900 SINs Stolen Due to Heartbleed Bug: CRA

“CRA has been notified by the Government of Canada’s lead security agencies of a malicious breach of taxpayer data that occurred over a six-hour period,”  Canada Revenue Agency (CRA) said in a statement. “Social insurance numbers (SIN) of approximately 900 taxpayers were removed from CRA systems by someone exploiting the Heartbleed vulnerability.” The agency says […]

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Filing Deadline Extended

The Canada Revenue Agency (CRA) has announced a May 5 tax filing deadline extension Unincorporated small businesses will avoid late filing penalties by filing before midnight of June 16, because the usual deadline, June 15, falls on a Sunday, and T1135 form filers (Foreign Income Verification) must file by July 31.

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Story of 19 year old who is suspected of hacking CRA’s website

Stephen Arthuro Solis-Reyes, the 19-year-old is accused of exploiting the Heartbleed bug to hack into the Canada Revenue Agency website. Stephen Arthuro Solis-Reyes was arrested Tuesday at his parents’ home, and charged with one count of unauthorized use of a computer and one count of mischief in relation to data. Solis-Reyes has since been released […]

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Market Review and Outlook

European and Asian stocks edged higher in choppy trade on Wednesday as increase in US manufacturing boosted optimism about growth in the world’s biggest economy.  European stocks were almost unchanged and  Asian stocks edged higher on Thursday after data showed US companies added workers and China outlined economic stimulus plans.  European stocks edged higher on […]

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Investment options in Indian Tourism sector

Tourism refers to the activity of visitors. A visitor is a traveller taking a trip to a main destination outside his/her usual environment for less than a year, for any main purpose (business, leisure or other personal purpose) other than to be employed by a resident entity in the country or place visited, according to […]

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Commercial Property: Four Canadian Cities To Present Opportunities For Foreign Property Buyers

Jones Lang LaSalle in a new report forecasts rising demand from global investors for commercial properties such as offices, shopping malls and factories in four Canadian cities, such as Toronto, Vancouver, Montreal and Calgary. The notion of a new wave of investment in commercial properties is troubling to some Canadian real estate players who are […]

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Sales and Average Price Up in March

Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth. A total of 8,081 sales were reported in March […]

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Market Review and Outlook

European and Asian stocks edged higher on Wednesday  with mining issues leaping higher after price gains for copper and other metals.  Asian shares edged higher on Wednesday after US consumer confidence climbed to a six-year high, buoying investor optimism about the outlook for the world’s biggest economy. European stocks edged lower in choppy trade on […]

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