Ontario News
Laid Off? Find Out How Severance Pay is Taxed | Mint Primer | Mint
A number of multinational companies have recently announced mass layoffs, affecting thousands of employees. Some of the top companies like Twitter, Meta, Google and Amazon are compensating their employees while terminating their services to save on rising operational expenses. The idea behind making this payment is to ensure that the employees have enough to survive on before they get employed at any other place. However, is the severance pay subject to taxation? if the answer is yes, then how is it taxed?
19 Jan 2023What’s choking the ban on single-use plastic? | Mint Primer
India marked an ambitious ban on the use of a select group of low-utility plastic items with high litter potential, ranging from earbuds to plastic cutlery and ice-cream sticks
28 Oct 2022Ontario Teachers joins Canadian pension funds’ quest for Indian green energy investments
This marks the pension fund joining the marquee names such as CPPIB and CDPQThis comes in the backdrop of Canadian pension funds being uniquely positioned to invest directly into the infrastructure space
2 min read17 Aug 2019Canada’s CDPQ, Allianz invest in Kedaara Capital’s $750 million fund
Canadian fund Ontario Teachers Pension Plan and other wealth funds also join Kedaara Capital’s new fundraising
3 min read12 Sep 2017Global pension funds scout for deals in India’s solar power sector
The potential in solar power sector is drawing global pension funds including Canada Pension Plan Investment Board, Caisse de dpt et placement du Qubec and Ontario Teacher’s Pension Plan
3 min read30 Apr 2017Spandana Sphoorty raises $270 million
Around $100 million will come in the form of equity capital from Kedaara-led consortium and the rest in the form of debt capital from IndusInd Bank, Yes Bank and ICICI Bank
1 min read5 Apr 2017Snapdeal receives $21 million from Luxembourg’s Clouse SA
The funds from Luxembourg’s Clouse SA are part of the $200 million that Snapdeal raised in February from Ontario pension fund, others
2 min read25 Aug 2016Snapdeal raises $200 million from Canadian fund, others
Apart from the Ontario Teachers’ Pension Plan, venture capital fund Iron Pillar takes part in e-commerce firm’s latest funding round
1 min read15 Feb 2016Snapdeal raises $200 million from Canadian pension fund, Iron Pillar
Snapdeal didn’t disclose its current valuation
1 min read14 Feb 2016BlackBerry reports Q3 loss, revenues pass expectations
Quarterly revenue fell 31% to $548 million from a year earlier, but rose 12% from the prior quarter, after nine consecutive quarters of declines
2 min read18 Dec 2015Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared