Fauquier-Strickland gets $300K lifeline from province
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CBC
8 hours ago
- CBC
Ex-financier pleads guilty to defrauding Ontario entrepreneurs of $52K
A Niagara Region man has admitted to defrauding two Ontario entrepreneurs of $52,000 after promising them millions of dollars in financing if they paid him a fee. Peter Corbière, 67, pleaded guilty to two counts of fraud over $5,000, in Goderich court earlier this year and St. Catharines in 2024. He's set to go to trial for a third set of fraud charges in November. CBC Hamilton first reported on Corbière's conduct in 2018, when at least nine business owners spoke out about a troubling pattern. He'd offer them huge loans in exchange for a lender's fee sent directly to his companies, but would never deliver the financing and still keep the fee. This is what happened to Don Nott, a former farmer, who in 2016 was starting a new business to turn old farm plastic into reusable plastic, assistant Crown attorney Deanna Bronowicki told Goderich court on March 19. Nott needed to buy a "very expensive piece of machinery" and connected with Corbière to get the financing, she said. Nott gave him $38,000 as part of their agreement in exchange for Corbière arranging a $1.4-million loan. Corbière presented himself as a veteran business financing expert. He'd worked for a government bank helping small businesses, and had spoken at business events in the Niagara and Norfolk regions. But Corbière "knew he didn't have access and was reckless in whether he'd be able to secure the $1.4 million," said Bronowicki. WATCH | Don Nott talks to CBC in 2019 about being 'duped': Farmer Don Nott: 'I realize ... I've been duped' 7 years ago 'I regret my actions,' says Corbière Corbière, who represented himself in court, said he committed the fraud during "a time of tremendous difficulty at home" when his wife was diagnosed with cancer. "I regret my actions and inaction," said Corbière, who lives in Niagara-on-the-Lake. As part of his sentence of 12 months probation, Corbière was required to pay Nott back the $38,000 within 90 days, or in mid-June, or would face a breach of probation charge and jail time, said the Crown. As of Thursday, he had yet to do so, Nott told CBC Hamilton. Nott has reported it to the court, but said he has "no grandeur of hope" of getting the money back. Neither the police nor the courthouse would confirm if Corbière has been charged. In St. Catharines last September, Corbière pleaded guilty to defrauding Niagara Region entrepreneur Ty Shattuck of $14,000, which Corbière had already paid back. In Shattuck's victim impact statement, he said Corbière was a friend he trusted to get $7 million in financing for his business. The Crown read parts of Shattuck's statement in court. "I was not prepared for the shame that comes with being conned or fooled," said Shattuck. When the loan didn't come through, Shattuck said he lost not only the $14,000 fee he'd given Corbière, but also the acquisitions Shattuck had lined up and ultimately his entire business. "I lost my way and became careless, unintentionally, making bad decisions that affected others," Corbière told the court. "I regret my actions and sincerely apologize to Mr. Shattuck."
CTV News
21 hours ago
- CTV News
Alcohol tax cuts in Ontario are in effect. Here's what you need to know
An LCBO employee moves products in an LCBO store at Union Station in Toronto on Tuesday, March 4, 2025. THE CANADIAN PRESS/Laura Proctor Ontario's largest alcohol tax cut in decades officially takes effect today, with the provincial government cutting levies and LCBO markups in an effort to shield local producers from global trade tensions. The changes, announced in the 2025 provincial budget include significant tax relief for spirits, cider, and ready-to-drink beverages (RTDs), along with new support for microbreweries. While the Ford government says the move is a response to U.S. trade policies, industry experts say some sectors will remain largely unaffected but others could see some new growth. What's changing and who benefits? In an email to CTV News Toronto, the Ministry of Finance says the cuts include a 50 per cent reduction in the spirits basic tax rate for distilleries with on-site retail sales, a nearly 50 per cent cut to LCBO markups on cider, and reduced markups for wine- and spirit-based ready-to-drink beverages with alcohol content under 7.1 per cent. Beer made by Ontario microbreweries will also benefit, with reductions to both LCBO markups and the beer basic tax, along with enhancements to the province's Small Beer Manufacturers' Tax Credit. 'In the face of President Trump's tariffs and tariff threats taking direct aim at our economy, we are protecting Ontario business with the largest tax cut to the alcohol industry in decades,' a spokesperson for Ontario's Ministry of Finance said. The province is also allocating $100 million in 2025–26 and $155 million in 2026–27 to support these changes. Scott Simmons, president of the industry trade association Ontario Craft Brewers, said the reforms mark a defining moment for the province's beer industry. 'The tax cut that takes effect today is a game changer for Ontario's craft beer sector, one of the biggest things to happen to the industry in a generation, and a great day for locally-owned craft breweries, craft beer lovers, and communities across Ontario,' Simmons said in a statement. 'We represent 80 per cent of all direct brewing jobs in Ontario, and today's tax changes have put it on a path that will see breweries grow, create even more jobs, invest in their communities, and get more local beer on store shelves — I think that's something we can all cheers!' The government also says this is part of a broader effort to modernize Ontario's alcohol marketplace. Not all sectors will see the same relief The Ontario Craft Wineries association says most of today's changes won't directly impact traditional wine producers, who saw earlier reforms of their own. 'With regards to taxation and other supports, OCW received some big wins recently including the elimination of the 6.1 per cent wine basic tax and an extension and uncapping of the VQA Support Program,' Michelle Wasylyshen, president and CEO of Ontario Craft Wineries, said in a statement. But Wasylyshen noted there's still more work to be done to level the playing field. One top priority, she said, is removing the LCBO administration fee charged to wineries for sales to restaurants — a fee that's applied even though 'the LCBO (is) not providing a service in this transaction.' She added that the recent shift toward Canadian-made products still presents a rare window of opportunity for domestic wine producers. 'The 'Buy-Canadian' movement has given us a once-in-a-lifetime opportunity to get our products into the hands of consumers, onto store shelves and into restaurants,' Wasylyshen said. 'Our biggest priority continues to be in sustaining (that) incredible boost in sales.' What comes next? While the results of the new framework remain to be seen, the province says they will continue to 'champion' domestic businesses. 'We will continue to champion Ontario and Canadian businesses as we work to build a more self-reliant and resilient economy.'
CTV News
a day ago
- CTV News
OC Transpo scrapping youth passes on Sept. 1, charging 11-19 year-olds the same fare as adults
It will soon be the end of the road for OC Transpo's youth pass, as the City of Ottawa gets set to scrap the discounted pass for 11- to 19-year-olds at the end of August. In a memo to council, acting OC Transpo general manager Troy Charter reminded councillors the youth monthly pass will be discontinued as of September 1. 'Customers who currently have a Youth concession set on their Presto card will be charged an adult monthly pass on September 1,' Charter said. The youth monthly pass costs $104 a month, while an adult monthly pass costs $135 a month. Council approved the elimination of the youth monthly pass as part of the 2025 City of Ottawa budget in a bid to reduce a proposed budget deficit. The budget also eliminated free transit for 11 and 12-year-olds. A report for the Ottawa Student Transportation Authority shows the 2025-26 draft budget projected a $4.8 million increase in public transit costs due to the elimination of free transit for students 12 and under and scrapping the youth fare pass in September.
