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Rising Tensions Leave Ships Stranded in Key Oil Passage

Traffic through the Strait of Hormuz ⁠was closed for a fourth day on Tuesday, choking off a key artery accounting for about 20% of global oil and gas supply. Greece’s Minister of Maritime Affairs and Insular Policy, Vassilis Kikilias, has raised urgent concerns over an increasingly alarming situation in the Strait of Hormuz, where dozens of vessels remain stranded amid escalating conflict involving Iran. He emphasized the need to safeguard global shipping and protect seafarers as the strategic waterway—responsible for roughly 20% of global oil and gas flows—remains closed for a fourth consecutive day.  The closure has disrupted international trade routes and heightened anxiety across the maritime sector. Greek authorities have urged shipowners to exercise maximum caution and avoid high‑risk zones in the wider Persian Gulf region as tensions continue to rise. The prolonged shutdown underscores the vulnerability of global supply chains to geopolitical instability and highlights th...
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Tax Season in Canada: A Comprehensive Guide to Filing Your Taxes

 


The tax season in Canada typically begins in late February and ends on April 30th for most individuals. The deadline for filing taxes is April 30th, and the balance due deadline for individuals and those who are self-employed is also April 30th. Self-employed individuals have until June 15th to file their taxes, but they must pay any outstanding balances by April 30th.

To make the tax-filing process stress-free, it’s important to keep track of the important dates and documents needed. For instance, the Registered Retirement Savings Plan (RRSP) contribution deadline is March 1st. You can file your taxes online using certified tax software, which is easy and secure. You can also sign up for direct deposit to get your notice of assessment and refund faster.

If you’re filing your taxes for the first time or haven’t filed in a while, there are different ways to file your income tax and benefit return. You can check out the step-by-step guide to help you fill out your return.


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