Canada · Edition 016Monday, 2 November 2026
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The $500 Ladder

Primary sources. Published arithmetic. No courses.

$500 idea · Pattern-breaking · Canada · Edition 016

Canada’s Competition Tribunal has not granted a private applicant leave since 2015.

On 20 June 2025 s. 103.1(1) of the Competition Act began to read “any person may apply” for leave under six sections instead of three, and ss. 75(1.2), 79(4.1) and 90.1(10.1) began to let the Tribunal order a respondent to pay the applicant up to the entire value of the benefit derived from the conduct.

Jump to the ladder

Context

When a large company squeezes a smaller one — cutting off supply, tying products together, writing exclusivity into a contract — Canada normally expects the government’s competition watchdog to decide whether anything happens about it, and most of the time nothing does. Alongside that watchdog sits a separate court-like body that hears competition cases. For years, ordinary businesses could ask that body directly for an order, but only in a narrow set of disputes and only with its permission first. Last year the list of disputes grew and the possible payout grew with it. This edition is about what that permission costs, who has actually been given it, and why the two answers point in opposite directions.

The capital is CAD $698.00 (USD $500 at 1.3960, Bank of Canada daily average, 30 October 2026 — the most recent posted rate at the time of writing) and the target is CAD $6,980.00 a month (USD $5,000), or CAD $83,760.00 a year. The claim of this edition is that Canada has built the cheapest private antitrust filing in the developed world and then, in its first interpretation of it, made the price of entry something money cannot buy on its own.

Start with what changed, because the date is exact and the text is short. The Justice Laws point-in-time consolidation labels one version of the section “Version of section 103.1 from 2025-06-20 to 2026-03-25”, and that version reads: “Any person may apply to the Tribunal for leave to make an application under section 74.1, 75, 76, 77, 79 or 90.1.” Before that day the list was ss. 75, 76 and 77 — refusal to deal, price maintenance, and exclusive dealing and tied selling. After it, a private person may also reach s. 74.1 (deceptive marketing), s. 79 (abuse of dominance) and s. 90.1 (anti-competitive agreements). Those are the three sections the Commissioner of Competition uses against the largest companies operating in Canada.

Then read what a winner gets, because this is the part almost nobody reported. Section 75(1.2), s. 79(4.1) and s. 90.1(10.1) are drafted in near-identical terms. Section 79(4.1), on abuse of dominance: if the Tribunal makes an order “as the result of an application by a person granted leave under section 103.1”, it “may also order the person against whom the order is made to pay an amount, not exceeding the value of the benefit derived from the conduct that is the subject of the order, to be distributed among the applicant and any other person affected by the conduct, in any manner that the Tribunal considers appropriate.” That is not an administrative monetary penalty, which is payable to the Crown. It is a transfer from the respondent to the person who filed.

Now price the ticket. The Competition Tribunal Act contains no fee provision at all: its only money sections are members’ remuneration, travel allowances under the Judges Act, and s. 8.1(5), which sends costs awarded to the Crown to the Receiver General. The Competition Tribunal Rules, SOR/2008-141, contain no tariff of fees and no filing fee; the single reference to fees in the whole instrument is rule 110(2), “The fees and disbursements related to the amicus curiae shall be fixed by the Tribunal.” Rule 115 sets out everything a leave application must contain: “an application for leave including an affidavit”, “a proposed notice of application and a memorandum of fact and law.” Three documents and no cheque. CAD $698.00 is not the constraint and never was.

So read the record, which is the only honest counterweight. Paul-Erik Veel and Donya Tamehi of Lenczner Slaght compiled every Competition Tribunal filing and decision and published the counts. From 2002, when private access began, to 2024: 32 leave applications filed, 9 granted. That is 1.39 applications a year in a country of forty-one million people, and a 28.125% grant rate. Private parties brought 23 of the 195 filings in the 2005–2024 dataset, 11.79%; the Commissioner brought the other 172. And the sentence that governs this edition: “no leave application has been granted since 2015.”

Eleven years. In that window nine more were filed to the end of 2024, and four since the regime widened on 20 June 2025 — 13 applications, nought grants. The four are Martin v. Alphabet, a tying and foreclosure application against Vistar Media in digital out-of-home advertising, an exclusive-dealing and abuse application against Apple Canada and Apple Inc., and an exclusivity and radius-clause application against Live Nation and Ticketmaster. Three are pending. One has been decided.

That one is worth reading slowly. Alexander Martin, a Toronto independent video-game developer who publishes as “droqen”, filed in June 2025 against Alphabet Inc., Google LLC, Google Canada Corporation, Apple Inc. and Apple Canada Inc., invoking s. 79 and s. 90.1 through the new public-interest branch of s. 103.1(7). On 13 January 2026 the Tribunal set a three-part test — a substantial and genuine competition dispute on affidavit evidence, a genuine and continuing interest, and whether the application is a reasonable and effective means of resolving the issue — and dismissed him, without costs, at the third part. He had identified no fact witnesses, retained no experts and filed no litigation plan, and the Tribunal held it must be scrupulous to screen out unmeritorious, vexatious and strategic claims at an early stage. The record before it was a one-page affidavit from the applicant and a paralegal’s affidavit attaching United States litigation materials.

Here is the part that breaks the pattern. Martin was not a man without a lawyer. He was represented by Berger Montague, which by reported account indemnified him — paying the costs of the case in exchange for a share of any money recovered. A funded, represented applicant, with the deepest-pocketed respondents in the world on the other side, failed the capacity branch anyway. Whatever “capacity and resources” means in this test, it is not satisfied by having found someone to pay.

And the signage has not caught up with the building. The Competition Tribunal’s own frequently-asked-questions page, date modified 2 March 2026 — eight months and ten days after the amendment — still tells the public that private parties may seek leave “under section 75…section 76 (price maintenance) or section 77 (exclusive dealing, tied selling and market restriction).” The Competition Bureau’s Information Bulletin on Private Access to the Competition Tribunal, issued 4 April 2005 and last modified 27 June 2024, is a further step behind: it says private access is “available only on matters brought pursuant to section 75 and section 77”, omitting even the s. 76 route added in 2009. Two federal bodies, between them, describe a regime that has not existed for seventeen months and a list of sections that has not been right since 2009.

Which leaves the arithmetic, and it is unkind. A single award is not a salary, so the comparison has to be made on the clock the Tribunal actually runs: the Lenczner Slaght dataset puts an initially contested case at an average of 536 days, or 1.468493 years, and that is after leave, not including it. To pay CAD $83,760.00 a year across 536 days, one win must be worth CAD $123,000.99. Divide by the historic 28.125% grant rate and the expected-value ticket is CAD $437,336.84 — 626.56× the starting capital. Against the record since 2015, nought of thirteen, no finite award clears it at all, because the multiplier is division by zero.

So the non-consensus reading is not that this is a get-rich scheme that works. It is that commentary spent eighteen months on the public-interest door, which is the expensive one, and almost none on the door that was already open. Section 103.1(7) offers two routes to the same remedy: “reason to believe that the applicant is directly and substantially affected” in its business, or satisfaction that leave is “in the public interest.” The first asks what was done to you. The second, as of 13 January 2026, asks for your witness list, your expert retainers and your budget. A reader who has actually been cut off by a supplier is applying under a test about injury. A reader who is merely right about a monopoly is applying under a test about means.

2002 – 2024 · leave available under ss. 75, 76, 77 only 20 June 2025 – 2 November 2026 · ss. 74.1, 79, 90.1 added Filed Granted Since 2015 Filed Decided Granted 32 9 · 28.125% of filed 0 4 1 0 · 0.0% of decided Scale: 15 px per leave application. Both funnels drawn to the same scale.
Widening the statute did not widen the gate. Each bar is 15 px per leave application, so both funnels are directly comparable: 32 × 15 = 480 px, 9 × 15 = 135 px, 4 × 15 = 60 px, 1 × 15 = 15 px, and a nought is drawn as a 3 px amber tick so an empty bar stays visible. The upper funnel is twenty-three years under three sections: 9 ÷ 32 = 28.125%, and an empty third bar because the most recent grant was in 2015. The lower funnel is the 500 days since s. 103.1(1) was widened to six sections: four filings, which is 2.92 a year against the long-run 1.39, and a grant bar that is still a tick. Adding sections raised the filing rate by 2.10×; it has not yet produced a single grant, which is why the leave test, and not the list of sections, is the thing this edition is about.

The evidence

9 findings
StatuteCompetition Act, R.S.C. 1985, c. C-34, s. 103.1(1) · Justice Laws point-in-time consolidation, “Version of section 103.1 from 2025-06-20 to 2026-03-25” · current consolidation current to 30 September 2026, last amended 26 March 2026 · read 2 November 2026

Three sections became six on a date you can cite

The version in force from 20 June 2025: “Any person may apply to the Tribunal for leave to make an application under section 74.1, 75, 76, 77, 79 or 90.1.” The three added are s. 74.1 (orders for deceptive marketing), s. 79 (abuse of dominance) and s. 90.1 (agreements or arrangements that lessen competition) — the Commissioner’s own principal civil tools.

The amending provision is 2024, c. 15, s. 254, which received royal assent on 20 June 2024 and took effect one year later. The point-in-time version boundary is the proof that the text changed on that day rather than the Act merely being re-consolidated. s. 103.1 as of 2025-06-20 · current s. 103.1

StatuteCompetition Act, ss. 103.1(3), (4), (6.1), (7), (7.1), (8) · read 2 November 2026

Three different leave tests, and only one of them is about you

Section 103.1(7), for ss. 75, 77, 79 and 90.1: the Tribunal may grant leave “if it has reason to believe that the applicant is directly and substantially affected” in the whole or part of their business by the conduct, “or if it is satisfied that it is in the public interest to do so.” Section 103.1(7.1), for s. 76 price maintenance, requires only that the applicant be “directly affected” — no “substantially”, no public-interest alternative. Section 103.1(6.1), for s. 74.1 deceptive marketing, is public interest only: there is no injury route to it at all.

Two gates sit in front of all of them. Section 103.1(3) requires the Commissioner to certify within 48 hours whether the matter is already under inquiry, and s. 103.1(4) bars the Tribunal from considering the application if it is. Section 103.1(8) imposes the hard stop: the application “must be made no more than one year after the practice or conduct that is the subject of the application has ceased.”

StatuteCompetition Act, ss. 75(1.2), 79(4.1), 90.1(10.1), and the penalty provisions ss. 74.1(1)(c), 79(3.1), 90.1(1.3) · read 2 November 2026

The applicant’s remedy is the benefit derived — the Crown’s is the fine

Section 79(4.1), verbatim: if the Tribunal makes an order “as the result of an application by a person granted leave under section 103.1”, it “may also order the person against whom the order is made to pay an amount, not exceeding the value of the benefit derived from the conduct that is the subject of the order, to be distributed among the applicant and any other person affected by the conduct, in any manner that the Tribunal considers appropriate.” Section 90.1(10.1) and s. 75(1.2) are drafted in the same terms for agreements and for refusal to deal.

Keep the two pots apart. The administrative monetary penalties — s. 79(3.1) and s. 90.1(1.3), the greater of $10,000,000, rising to $15,000,000 on a subsequent order, or three times the benefit derived, or 3% of annual worldwide gross revenues where the benefit cannot reasonably be determined; and s. 74.1(1)(c), $750,000 for an individual and $10,000,000 for a corporation on a first order — are payable to the Crown and not to the person who filed. Note too that under s. 74.1(1)(d) the deceptive-marketing restitution runs “to be distributed among the persons to whom the products were sold”, not to the applicant. The one route with both a public-interest-only gate and no applicant payout is s. 74.1. s. 79 · s. 90.1 · s. 75 · s. 74.1

RegulationCompetition Tribunal Rules, SOR/2008-141, rules 6, 28, 58, 110(2), 115, 116, 119, 120 · with the Competition Tribunal Act, R.S.C. 1985, c. 19 (2nd Supp.), ss. 6, 8.1, 9 · current to 30 September 2026, last amended 20 June 2024 · read 2 November 2026

No fee is prescribed anywhere in either instrument

The Competition Tribunal Act has no fee provision. Its only money sections are s. 6(1) and s. 6(2), members’ remuneration and travel allowances under the Judges Act, and s. 8.1(5), “Any money or costs awarded to Her Majesty in right of Canada…shall be paid to the Receiver General.” The Rules contain no tariff of fees; the only occurrence of the word in the instrument is rule 110(2), “The fees and disbursements related to the amicus curiae shall be fixed by the Tribunal.” This is a verified absence in two primary instruments, not a published statement that filing is free.

What rule 115 does require: “an application for leave including an affidavit” plus “a proposed notice of application and a memorandum of fact and law”, served within five days (rule 116(1)); respondents answer within 15 days and “shall not contain affidavit evidence, except with leave” (rules 119(1), (3)); the applicant replies within seven (rule 120). The exposure is on the other side of s. 8.1(1): the Tribunal “may award costs of proceedings before it in respect of reviewable matters under Parts VII.1 and VIII…in accordance with the provisions governing costs in the Federal Court Rules.” SOR/2008-141 · Competition Tribunal Act

ReportedPaul-Erik Veel and Donya Tamehi, Lenczner Slaght LLP, Two Decades of Competition Tribunal Decisions: Data-Driven Insights · leave statistics covering 2002–2024, filing dataset 2005–2024 · published after 20 June 2025 · read 2 November 2026

32 filed, 9 granted, and nothing since 2015

Private leave applications under s. 103.1, 2002 to 2024: 32 filed, 9 granted, with the paper stating plainly that “no leave application has been granted since 2015.” Nine were filed between 2015 and 2024 and “most were dismissed or withdrawn before adjudication.” In the 2005–2024 filing dataset private parties brought 23 of 195 matters; the Commissioner brought 172.

The clock figure that disciplines the arithmetic: initially contested cases average 536 days. The paper does not break that out by applicant type, so it is used here as the best available estimate of a private contested case rather than a measured one. Two Decades of Competition Tribunal Decisions

Tribunal decisionMartin v. Alphabet Inc., Google LLC, Google Canada Corporation, Apple Inc. and Apple Canada Inc., 2026 Comp Trib 3, released 13 January 2026 · the applicant’s identity and funding arrangement reported by Do Not Pass Go · read 2 November 2026

A represented, funded applicant failed the capacity branch

Alexander Martin, a Toronto independent video-game developer publishing as “droqen”, filed in June 2025 under the public-interest branch of s. 103.1(7), seeking relief under s. 79 and s. 90.1 aimed at Google’s information services agreement with Apple. The Tribunal set a three-part test — a substantial and genuine competition dispute supported by affidavit evidence; a genuine and continuing interest; and whether the application is a reasonable and effective means of resolving the issue, weighing the applicant’s capacity, resources, expertise, litigation plan, witnesses and experts. It accepted the matter was in the public interest and that the Tribunal was the proper forum, and refused leave anyway, dismissing without costs on 13 January 2026.

The record was a one-page affidavit from the applicant and a paralegal’s affidavit attaching United States litigation materials; no fact witnesses, no experts, no litigation plan, and the Tribunal declined to let the record be built later at discovery, holding it must screen out unmeritorious, vexatious and strategic claims at an early stage. That he was represented by Berger Montague, which is reported to indemnify him in exchange for a share of any recovery, is the fact that makes the result load-bearing: this was not a self-represented litigant turned away for want of a lawyer. 2026 Comp Trib 3, summarised · the applicant and his funder

ReportedBlakes, Competition Act’s Private Access Regime Picks Up Steam, 9 March 2026 · read 2 November 2026

Four applications in 500 days, three of them still pending

Since the regime widened: Martin v. Alphabet (decided, leave refused); a tying and foreclosure application against Vistar Media Inc. in digital out-of-home advertising; an exclusive dealing, tied selling, market restriction and abuse application against Apple Canada Inc. and Apple Inc.; and an exclusivity and radius-clause application against Live Nation Entertainment, Inc. and Ticketmaster LLC with their Canadian affiliates. The last three sought leave on public-interest grounds and remain pending.

Four filings in 500 days is 2.92 a year against a long-run rate of 1.39. The filing rate has roughly doubled; the grant count has not moved. Filing dates and Tribunal file numbers are not stated in the source and are marked not verified here. Private access picks up steam

Regulator documentationCompetition Tribunal, Frequently Asked Questions, date modified 2 March 2026 · Competition Bureau, Information Bulletin on Private Access to the Competition Tribunal, issued 4 April 2005, date modified 27 June 2024 · read 2 November 2026

Both official pages describe a regime that no longer exists

The Tribunal’s FAQ, modified 2 March 2026 — eight months and ten days after s. 103.1(1) was widened — still reads: “Private parties can file an application for leave to make an application under section 75…section 76 (price maintenance) or section 77 (exclusive dealing, tied selling and market restriction).” Sections 74.1, 79 and 90.1 appear nowhere on it.

The Bureau’s bulletin is a further step behind. Issued 4 April 2005 and last modified 27 June 2024, it states that private access is “available only on matters brought pursuant to section 75 and section 77” — a list that has been wrong since s. 76 was added in 2009, and that describes the leave threshold as being “directly and substantially affected” with no mention of a public-interest route. A reader relying on either page would not know the three largest doors exist. Tribunal FAQ · Bureau bulletin

Derivedarithmetic shown · USD/CAD 1.3960, Bank of Canada daily average, 30 October 2026 · tax at the 2026 federal and Ontario brackets published by the CRA, date modified 25 June 2026, with no personal credits claimed

CAD $437,336.84 of expected award, or division by zero

Capital: 500 × 1.3960 = CAD $698.00. Target: 5,000 × 1.3960 = CAD $6,980.00 a month, CAD $83,760.00 a year.

Grant rate: 9 ÷ 32 = 28.125%, so 23 of 32 — 71.875% — were refused or withdrawn. Filing rate: 32 ÷ 23 years = 1.3913 a year. Private share of all filings: 23 ÷ 195 = 11.7949%. Window since the amendment: 20 June 2025 to 2 November 2026 is 500 days, 1.3699 years; 4 ÷ 1.3699 = 2.9200 filings a year, which is 2.9200 ÷ 1.3913 = 2.0987× the long-run rate. Decided since the amendment: 1; granted: 0; 0 ÷ 1 = 0.0%. Applications filed since the last grant: 9 + 4 = 13, granted 0.

What one win must be worth: 536 days ÷ 365 = 1.468493 years; 83,760.00 × 1.468493 = CAD $123,000.99. Risk-adjusted at the historic grant rate: 123,000.99 ÷ 0.28125 = CAD $437,336.84, which is 626.56× the capital; the unadjusted award alone is 176.22×. At the realised rate since 2015, 0 ÷ 13, the risk-adjusted requirement is undefined.

After tax, which the headline figure is not. On CAD $83,760.00 of taxable income in Ontario with no personal credits: federal $13,366.81, Ontario $5,454.51, Ontario surtax $0.00 (basic tax falls below the $5,818 threshold), health premium $750.00 — total $19,571.31, an average rate of 23.3659%. Net: CAD $64,188.69 a year, CAD $5,349.06 a month, USD $3,831.70. To net the target the gross must be CAD $112,795.07, so one win must be worth CAD $165,638.79, and CAD $588,937.91 risk-adjusted. Tax characterisation of a s. 79(4.1) distribution is not verified and is assumed here to follow the income it replaces.

Diagram coordinates, at 15 px per application from x = 120: 32 → 480, 9 → 135, 4 → 60, 1 → 15, 0 → 0 drawn as a 3 px tick. BoC FXUSDCAD · CRA 2026 rates

The ladder

From $500 to $5,000 a month · C$698 → C$6,985

Eighteen months of writing about Bill C-59 is about the public-interest branch. The operative words are shorter and the date is exact: from 20 June 2025, “any person may apply…under section 74.1, 75, 76, 77, 79 or 90.1.” Everything else in this edition follows from that list being six long instead of three.

  1. Read the section before the commentary about the section

    Eighteen months of writing about Bill C-59 is about the public-interest branch. The operative words are shorter and the date is exact: from 20 June 2025, “any person may apply…under section 74.1, 75, 76, 77, 79 or 90.1.” Everything else in this edition follows from that list being six long instead of three.

    s. 103.1(1) · version from 2025-06-20
  2. Notice that the capital is not the constraint

    Neither the Competition Tribunal Act nor SOR/2008-141 prescribes a filing fee, and rule 115 asks for three documents: an affidavit, a proposed notice of application, and a memorandum of fact and law. CAD $698.00 is more than enough to file and nowhere near enough to be granted leave. That gap is the whole subject.

    rule 115 · no fee in either instrument
  3. Choose the door by what was done to you, not by what you believe

    Section 103.1(7) offers injury or public interest for ss. 75, 77, 79 and 90.1. Section 103.1(7.1) asks only that a s. 76 applicant be “directly affected” — the lowest threshold in the section. Section 103.1(6.1) makes s. 74.1 public-interest only. A documented supply cut-off is a better asset here than a correct opinion about a monopoly.

    s. 103.1(7) · (7.1) · (6.1)
  4. Price the prize, and keep the two pots apart

    Sections 75(1.2), 79(4.1) and 90.1(10.1) pay the applicant up to the value of the benefit derived. The $10,000,000 and 3%-of-worldwide-revenue figures in ss. 79(3.1) and 90.1(1.3) are administrative monetary penalties and go to the Crown. Section 74.1(1)(d) restitution goes to purchasers. Reaching for the biggest headline number is reaching for someone else’s money.

    s. 79(4.1) to the applicant · s. 79(3.1) to the Crown
  5. Check the Commissioner and the calendar before anything else

    Section 103.1(3) makes the Commissioner certify within 48 hours whether the matter is under inquiry, and s. 103.1(4) bars the Tribunal from considering the application if it is. Section 103.1(8) kills it outright more than one year after the conduct ceased. Both are checked before a dollar of preparation is spent, because neither is curable afterwards.

    48 hours · one year after the conduct ceased
  6. Build the capacity record before you file, because there is no later

    Martin turned on the third branch: witnesses, experts, a litigation plan, resources — sworn, in the leave materials. The Tribunal expressly refused to let the record be assembled afterwards at discovery. A funder and counsel were not enough. Everything the test asks about has to exist on the day the affidavit is signed.

    2026 Comp Trib 3 · 13 January 2026 · dismissed
  7. Read the record before you read the statute

    Thirty-two filings in twenty-three years, nine granted, none since 2015, thirteen refused or withdrawn since. Widening the list of sections has doubled the filing rate and moved the grant count by nothing. This is a watch item with a verified mechanism and an unverified payout, and the honest way to treat it is as analysis rather than as a plan.

    13 filed since the last grant · 0 granted

Interested in the actual playbook?

Sources

18 primary documents
  1. Competition Act s. 103.1 — point-in-time version from 2025-06-20 — read 2 Nov 2026
  2. Competition Act s. 103.1 — current — current to 30 Sep 2026, last amended 26 Mar 2026
  3. Competition Act s. 75 (refusal to deal, incl. means of diagnosis or repair) — last amended 2024, c. 15, s. 244
  4. Competition Act s. 79 (abuse of dominance; s. 79(4.1) payment to the applicant) — read 2 Nov 2026
  5. Competition Act s. 90.1 (agreements; s. 90.1(10.1) payment to the applicant) — read 2 Nov 2026
  6. Competition Act s. 74.1 (deceptive marketing; restitution to purchasers) — read 2 Nov 2026
  7. Competition Tribunal Act — ss. 6, 8.1, 9; no fee provision — current to 30 Sep 2026, last amended 20 Jun 2024
  8. Competition Tribunal Rules, SOR/2008-141 — rules 115, 116, 119, 120; no tariff of fees — read 2 Nov 2026
  9. Osler — Competition Tribunal denies leave in first decision under new public-interest test (Martin v. Alphabet Inc., 2026 Comp Trib 3) — decision released 13 Jan 2026
  10. Bennett Jones — Martin v. Alphabet: Tribunal Sets the Public Interest Leave Framework — 6 Feb 2026
  11. Torys — Access denied: Competition Tribunal rejects first public interest leave application — Jan 2026
  12. Do Not Pass Go — It's David vs. Google in first test of Canada's new competition law (names Alexander Martin; Berger Montague indemnity) — read 2 Nov 2026
  13. Veel & Tamehi, Lenczner Slaght — Two Decades of Competition Tribunal Decisions: Data-Driven Insights (32 filed / 9 granted; none since 2015; 536-day average) — read 2 Nov 2026
  14. Blakes — Competition Act's Private Access Regime Picks Up Steam (four applications since the amendment) — 9 Mar 2026
  15. Competition Tribunal — Frequently Asked Questions (still lists ss. 75–77 only) — date modified 2 Mar 2026
  16. Competition Bureau — Information Bulletin on Private Access to the Competition Tribunal (lists ss. 75 and 77 only) — issued 4 Apr 2005; modified 27 Jun 2024
  17. Canada Revenue Agency — 2026 federal and Ontario tax rates and brackets — date modified 25 Jun 2026
  18. Bank of Canada — FXUSDCAD daily average — 30 Oct 2026 = 1.3960

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