Border officials to share travellers’ info with federal government | Toronto Star

Posted by Ravi Gulati | Posted in News of Interest, Uncategorized | Posted on 12-03-2014

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Kurland said the data collected can be used as an enforcement tool of immigrant residency and citizenship laws for newcomers, as well as in the application of health care and taxation rules for Canadian citizens by counting their days spent in Canada.

To maintain Canadian permanent residency, a person must be in Canada for at least two years within a five-year period. Many so-called “phantom immigrants,” who land here and return to their home country, often cheat the system by leaving and returning to Canada through the U.S. land border.

And when they apply for Canadian citizenship, which requires them to be physically present for at least three years or 1,095 days over the previous four years, there’s no record of their absence in Canada.

via Border officials to share travellers’ info with federal government | Toronto Star.

Kerry to Visit Kiev to Show Support for Ukraine

Posted by Ravi Gulati | Posted in News of Interest | Posted on 02-03-2014

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Secretary of State John Kerry plans to visit Kiev on Tuesday in a gesture of support for the new Ukrainian government, a senior United States official said on Sunday.

The announcement came just hours after Mr. Kerry warned that Russia risked eviction from the Group of 8 industrialized nations and that assets of Russian businesses could be frozen if the Kremlin did not reverse its military occupation of Crimea in Ukraine.

Kerry to Visit Kiev to Show Support for Ukraine – NYTimes.com.

Major online bitcoin exchange Mt. Gox vanishes

Posted by Ravi Gulati | Posted in Economy & Markets, News of Interest, Uncategorized | Posted on 25-02-2014

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The website of major bitcoin exchange Mt. Gox is offline Tuesday amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency.

The URL of Tokyo-based Mt. Gox was returning a blank page. The disappearance of the site follows the resignation Sunday of Mt. Gox CEO Mark Karpeles from the board of the Bitcoin Foundation, a group seeking legitimacy for the currency………….

Bitcoin had been inching toward broader acceptance despite wild swings in value in the past year. For most of the currency’s history, each digital coin had been worth less than $10.

New bitcoins are “mined” or generated by computers. They get harder to generate all the time, which means the inflow of fresh bitcoins keeps falling.

There are about 12.4 million bitcoins in circulation today, according to Blockchain, a public registry of bitcoin transactions. The maximum number of bitcoins that can be generated is 21 million and by 2032, 99 per cent of those will have been created.

Major online bitcoin exchange Mt. Gox vanishes | Toronto Star.

If your neighbour’s tree falls in your yard, who pays?

Posted by Ravi Gulati | Posted in Financial Planning, News of Interest | Posted on 05-02-2014

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During last month’s ice storm your neighbour’s tree fell and damaged your house. So, who pays?

For most of us, this should be covered under a homeowner insurance policy, whether the branches are from your trees or your neighbour’s. If you have all perils coverage, you may also claim for any damages caused to your car as well.

If your neighbour’s tree falls in your yard, who pays? | Toronto Star.