The province is returning provincial income tax to more than 16,000 seniors this week as part of its commitment to help make life more affordable. For the second year, Nova Scotia seniors who receive the Guaranteed Income Supplement will be refunded their provincial income tax for the 2011 taxation year. The cheques will provide eligible seniors an average of $457, and at least $50. “We’re putting this money back into the hands of seniors who need it, because we know that every dollar counts,” said Premier Darrell Dexter. “Some of Nova Scotia’s seniors need a little extra help to make ends meet. Initiatives like this one help make life more affordable for thousands of low-income seniors.” Seniors do not have to apply for this refund, but they must file a tax return each year. The Department of Finance uses information from tax returns to assess eligibility and to process the refunds. “We are committed to helping provide seniors with the means to age positively,” said Denise Peterson-Rafuse, Minister of Seniors. “Through this tax refund, and other initiatives, we are working hard to give our seniors the support they need.” As additional tax-return information is received from the Canada Revenue Agency, more refund cheques will be processed and mailed. Those who did not file a return for the 2011 taxation year, but who are eligible, can still receive the refund when they file a tax return. In addition to the 2011 tax year refunds being mailed this week, the department will also be sending cheques to more than 400 seniors for the 2010 tax year after receiving additional data from the Canada Revenue Agency.
San Francisco: Social networking giant Facebook has been accused of using a logo for its new cryptocurrency play, similar to the logo of an online banking company called ‘Current’. Earlier this week, Facebook announced its own global digital coin called ‘Libra’, to be managed by a governing body called the Libra Association. Calibra is the name of the subsidiary that would run the wallet. According to the CEO of Current, Stuart Sopp, the logo for Calibra is similar to Current’s logo, CNET reported on Thursday. Also Read – Spotify rolls out Siri support, new Apple TV app “This is a funny way to try and create trust in a new global financial system — by ripping off another Fintech firm,” the report quoted Sopp as saying. “We put six months of hard work into this with that design firm, which they basically reused for Facebook without changing much — Facebook is a big company that should have done their due diligence on this.” Sopp has revealed that both of the logos have been designed by the same San Francisco-based design firm called Character and both the logos feature a wave inside a circle. The online banking company tweeted a picture of both the logos in one frame and captioned the post: “This is what happens when you only have one crayon left.” According to the media reports, Current is a consulting law firm Goodwin Procter to decide whether it has a trademark or patent infringement case against the social networking giant.