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In 2023, Canada Post spent $4.9 billion on labour costs against $6.9 billion in revenue, with operating costs per hour for parcel delivery ranging from $50 to $60 versus industry benchmarks of $40 to $50. [9] Unlike many Crown corporations, Canada Post is not taxpayer-funded and must sustain itself entirely on its own revenues. [10] [11]
In 2015, Payments Canada released a 5-year corporate strategic plan, [12] the core purpose of which was to underpin the Canadian financial system and economy by providing safe, efficient, and effective clearing and settlement of payments. Payments Canada identified three long-term desired outcomes that would lead the organization to attaining ...
A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance. Normally, only unsecured debts, not secured by real assets like homes or autos, can be settled. Unsecured debts include medical bills and credit card debt; but not public student loans, auto financing or mortgages. For the debtor, the ...
Back taxes and unpaid vendors. In the past six months, the IRS and state tax officials both filed tax liens against Republic Steel's property, in an effort to recoup back taxes.
The bill went into effect on November 27, 2018. After C-89 was passed, Canada Post agreed not to enact a clause in the existing collective agreement with CUPW allowing Canada Post to mandate postal workers work overtime. [2] On December 11, 2018, CUPW announced it would challenge the constitutionality of Bill C-89 in the Ontario Superior Court. [7]
Recent court ruling upholds the $2.67 billion agreement, pending additional appeals.
Liabilities for outstanding provincial and Dominion of Canada notes was transferred to the Bank of Canada in 1935, and liability for chartered bank notes in 1950. As of December 31, 2016, the total value of provincial, Dominion, chartered bank, and discontinued Bank of Canada denominations still outstanding is $1.139 billion, of which more than ...
Steve Bannon must pay nearly $500,000 in outstanding legal fees to his former attorneys, a New York judge ruled. Bannon, a longtime ally of former President Donald Trump and far-right strategist ...