A new federal tax system to replace Canada’s national insurance system will cost $1.8bn – the largest single change to the tax system in a decade, and one that will mean more jobs lost and a boost to the deficit

Canada is about to enter a new era of economic prosperity.But with the country in a political tailspin over the next two years, it will also become more expensive to operate the Canadian economy, the OECD says.The OECD has warned of the “big, scary” change in the way Canada’s federal and provincial tax systems work


Bike exchange site shuts down in Canada

A Canadian exchange site is shutting down in the wake of a data breach.The Bicycling Network says it received the data in an attempt to sell it to a Chinese cyber criminal.The site, BN, says it lost $250,000 in the breach.In a blog post, the company said that the data is being held in a