Canadian residents banking information shared with IRS

“The Canadian government has shared more than 1.6 million Canadian banking records with the U.S. Internal Revenue Service since the start of a controversial information-sharing agreement in 2014, CBC News has learned,” wrote Elizabeth Thompson for CBC News on January 23, 2019.

Thompson continued, “In 2016 and again in 2017, the Canada Revenue Agency provided the IRS with information on 600,000 Canadian bank accounts each year. That’s a sharp increase from the 300,000 records shared in 2015 and the 150,000 records shared in 2014, the year the sharing began.

However, that doesn’t necessarily correspond to the number of people affected. Some people may have more than one bank account, while some joint accounts could have more than one account holder — including people who don’t hold U.S. citizenship.

Among the items of Canadian bank account information being shared with the U.S. are the names and addresses of account holders, account numbers, account balances or values, and information about certain payments such as interest, dividends, other income and proceeds of disposition.”

Read the full article here. 

Could more sleep help you lose weight?

Photographer: Jay Mantri

Photographer: Jay Mantri

 

“Ian Patton has struggled with obesity his whole life. He’d lose weight, then put it on, going up and down like a yo-yo,” wrote Duncan McCue for CBC Radio on January 20, 2019.

McCue continued, “When he tries to pinpoint why, sleeplessness stands out.

“I think of times when I had significant re-gain or problems with my weight, it would often be tied to periods where I wasn’t sleeping well,” said Patton.

Patton, 35, says that as a child he was heavy but athletic, competing fiercely as a high school wrestler. Things changed in his university years. While pursuing his PhD in kinesiology, stress began to interfere with his sleep.”

Read the full article here. 

 

Misplaced commas costing companies millions

Photographer: Jeffrey Betts

Photographer: Jeffrey Betts

 

“For most people, a stray comma isn’t the end of the world. But in some cases, the exact placement of a punctuation mark can cost huge sums of money.

We’re bidding farewell to 2018 with some of BBC Capital’s greatest hits from over the last year. With these compelling stories, indispensable tips and expert insight, you’ll be ready to make 2019 the best it can be,” wrote Chris Stokel-Walker for BBC Capital on July 23, 2018.

Stokel-Walker continued, “How much can a misplaced comma cost you?

If you’re texting a loved one or dashing off an email to a colleague, the cost of misplacing a piece of punctuation will be – at worst – a red face and a minor mix-up.

But for some, contentious commas can be a path to the poor house.

A dairy company in the US city of Portland, Maine settled a court case for $5m earlier this year because of a missing comma.”

Read the full article here. 

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