Matt Cohen and John Ruffolo discuss the fast-moving events shaping Canada's political and economic landscape. Topics include the fallout from Prime Minister Justin Trudeau's resignation, the complexities of the CRA's proposed capital gains tax adjustments, and the legal challenges tied to Parliament's prorogation. The conversation then pivots to groundbreaking developments in AI, spotlighting RBC's partnership with Cohere to build a generative AI platform. The episode wraps with a critical analysis of the sudden closure of Vancouver-based Bench Accounting and its surprising acquisition.
Topics:
(00:45) CRA’s enforcement of capital gains tax changes and taxpayer strategies
(02:41) Legislative uncertainty surrounding the federal budget and prorogation
(04:08) Legal arguments challenging prorogation and their implications
(06:04) External perceptions of Canadian governance
(08:22) RBC’s partnership with Cohere for AI development
(11:36) Anthropic’s funding round and global AI investment trends
(11:52) Bench Accounting’s shutdown and its acquisition by employer.com
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