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Canada caps overdraft fees at $10 starting March 12, saving billions over ten years.
A $10 cap on non-sufficient funds fees for personal bank accounts takes effect in Canada on March 12, limiting fees to one per two business days and eliminating charges for overdrafts under $10.
The change, part of federal budget commitments, does not apply to business accounts and could save Canadians over $4.1 billion over ten years.
The Canada Revenue Agency’s NETFILE service opens February 23 for online tax filing, with the deadline to file T4 and T5 slips for 2025 extended to March 2 due to a weekend.
In Ontario, the Land Tribunal will require disclosure of AI use in documents starting March 30, mandating identification and verification of AI-generated content.
Canadá limita las tarifas de sobregiro a $10 a partir del 12 de marzo, ahorrando miles de millones en diez años.