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3428 Results

December 23, 2025

Letter to industry - Update on Trust Tax Issue

This letter is in reference to the letter published by the Bank of Canada on September 8, 2025, indicating that there may be unintended consequences under the Income Tax Act for Payment Service Providers (PSPs) seeking to comply with the Retail Payment Activities Act (RPAA). Specifically, the September letter noted that there could be tax consequences or administrative burden under the Income Tax Act for PSPs seeking to safeguard end-user funds using the “in trust in a trust account” method while retaining interest income on the end-user funds they hold.
Content Type(s): Press, Announcements Research Topic(s): Retail payments supervision
December 16, 2025

Radio Canada

Tiff Macklem, Governor of the Bank of Canada.
Interview with Zone économie on Radio-Canada.

Content Type(s): Press, Media activities
December 16, 2025

Media Availability: The Chamber of Commerce of Metropolitan Montreal

Good money and your central bank — Governor Tiff Macklem takes questions from reporters following his remarks (14:15 (ET) approx.).

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