Quebec's government has decided to start collecting taxes on digital sales, such as Netflix subscription, this year even though company that sells the services or goods does not have physical presence in Canada or Quebec. Update: Saskatchewan has also recently followed Quebec by collecting taxes on "transmission, broadcast or distribution of data, programming or entertainment” … Continue reading Quebec’s Fight Taxing Out of Province Digital Sales
As you probably have already heard NYC lost its Amazon HQ2 due to much publicized debate in New York City about why a city should subsidize a company with billions of dollars in profits when they can put money to better use to address issues such as shortage of housing and poverty. Amazon decided to … Continue reading After NYC Loses Amazon’s HQ2 – Toronto Tries Again
Netflix just announced that it will be launching film and production hub at Toronto's waterfront studio district. They will have 84,580 square feet of space, that they are currently leasing, and will start filming within the next few weeks. In 4-5 months Netflix is expected to move to even bigger venue with 164,000 square there. … Continue reading Netflix to add Production Hub in Toronto, To Create 1850 Jobs
National Post, a Canadian newspaper, as well as La Press, Montreal based French newspaper, recently published an op-ed piece about why they think Ubisoft is taking away talent from other tech firms across Canada. Here is a short summary. Ubisoft has generated over $2.6 billion dollars in revenues last year, and is currently employing over … Continue reading Is Ubisoft Hurting Canadian Tech Businesses?
Canadian firm Quadriga CX based in Nova Scotia says it will not be able to pay its customers and investors the $250m because its CEO, Gerald Cotten, died while on a trip to India. The company says Cotten was the only one who knew the passwords and security keys to the company's funds. The Supreme … Continue reading Nova Scotia Crypto-Exchange Can’t Pay Investors $250m after its CEO’s Death
According to the new study conducted by Savills, real estate property management firm, New York City is the Word's #1 Tech City. Amazon had a good hunch when they decided to open HQ2 there. New York did well scoring #1, while San Francisco was right behind #2, and London was #3. Savills Tech Cities index … Continue reading Toronto Beats Out Seattle to Be One of the World’s Best Tech City
The company that wanted to take on Uber and had government backing could not last even 3 years, as it was forced to shut down this week and their work force of about 450 drivers were let go. Dominic Becotte, interim president for Teo, said that as much as they tried the company remained unprofitable … Continue reading Montreal Teo Electric Taxi is No More