News of the day: Interfor moves south, rocky tax road for performing artists, Tim Hortons Harry Potter menu, equity compensation plans, CXMT stock and more

Interfor Corp.'s Nairn Centre Division in Ontario. Photo by John Lappa/Sudbury Star files

Article content

It’s Tuesday, July 28. Here are the top stories we’re following today.

Article content

Article content

Article content

Canadian lumber giant Interfor Corp., which blamed U.S. tariffs on softwood lumber when it idled two Northern Ontario sawmills indefinitely in April, has told employees it plans to shift its corporate and functional support operations from the company’s current headquarters in Burnaby, B.C., to an office in Georgia.

Article content

Article content

Article content

Article content

Angus Young and his advisers have long figured the Canadian tax system out. But the mid-tier and emerging acts who don’t have a battalion of tax experts can get shot down in flames by the compliance complexity. Photo by Andrew Chin/Getty Images

Article content

Article content

Article content

Every dollar AC/DC, Bruce Springsteen or any other non-resident performer earns for a Canadian show is caught by Regulation 105 of the Income Tax Act. It requires the payer, typically the promoter, to withhold 15 per cent of any fee paid to a non-resident for services rendered in Canada and remit it to the Canada Revenue Agency, writes Kim Moody.

Article content

Article content

Article content

Article content

Starting Aug. 12, Tim Hortons’ new menu will feature doughnuts and drinks with a Harry Potter twist. Photo by Tim Hortons

Article content

Article content

Tim Hortons is launching a Harry Potter menu next month to celebrate the 25th anniversary of the first film of the franchise, Harry Potter and the Philosopher’s Stone. Starting Aug. 12, the new menu will feature four doughnut flavours inspired by each Hogwarts House: Gryffindor strawberry cheesecake, Slytherin chocolate pistachio, Ravenclaw blueberry and Hufflepuff lemon meringue. A new Timbits flavour, Golden Snitch caramel, will also be offered in a special holder.

Article content

Article content

Article content

Article content

Increasingly, executives and professionals are paid not only through salary and bonuses, but through an ownership stake in their employer as well. Photo by UNSPLASH

Article content

Article content

Article content

If your compensation includes equity and your employment has been terminated, do not assume the employer’s interpretation is correct, write Howard Levitt and Peter Carey.

Article content

Article content

Article content

Article content

Investing in a China-based semiconductor company like CXMT Corp. can provide Canadians exposure to one of the world’s largest and fastest-growing chip markets. Photo by Pedro PARDO/AFP via Getty Images

Article content

Article content

Investors poured into Chinese chipmaker CXMT Corp. on Monday during its market debut, sending its stock skyrocketing 466 per cent and making it the most valuable company listed in mainland China. Here’s what Canadian investors need to know about CXMT.

Article content

Article content