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5 Things Every Canadian Should Know About Their Money Today

From a rate hold to a sovereign wealth fund — here's what's moving the needle on your finances right now. 01 — DEADLINE Today is the tax filing deadline — and your refund may be a lifeline April 30 is the last day most Canadians can file their 2025 income tax return without penalty. With the cost of living still squeezing household budgets, many Canadians are counting on their refund as a financial cushion. Filing late triggers a 5% penalty on any balance owing, plus 1% for each additional month. If you haven't filed yet, the CRA's NETFILE portal is still open — act before midnight. 02 — INTEREST RATES Bank of Canada holds steady at 2.25% — no relief yet for borrowers The Bank of Canada kept its policy rate at 2.25% yesterday — the third consecutive hold of 2026. Governor Tiff Macklem cited rising inflation driven by higher global energy prices tied to the Middle East conflict, while U.S. tariffs continue to weigh on exports. CPI inflation climbed to 2.4% in Ma...
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Tesla’s $1 Trillion Bet on Elon Musk: A High-Stakes Vision for the Future

 

                                            Elon Musk


Tesla has unveiled a jaw-dropping compensation proposal for CEO Elon Musk that could reach an unprecedented $1 trillion—if the company hits a series of ambitious milestones over the next decade. The plan, outlined in a recent regulatory filing, would be the largest pay package in corporate history.

The payout hinges on Tesla achieving a market capitalization of $8.5 trillion, up from its current valuation of around $1 trillion. To unlock the full reward, Musk must also lead Tesla to deliver 20 million vehicles annually, deploy 1 million robotaxis, and roll out 1 million AI-powered humanoid robots. The package includes 423 million shares, which would vest only if these targets are met.

Notably, Musk would receive no salary or cash bonus under the plan. Instead, his compensation is entirely tied to performance-based stock awards. The proposal also requires Musk to remain with Tesla for at least 7.5 years, and to help establish a CEO succession framework to access the final tranches.

Tesla’s board argues that retaining Musk is essential to transforming the company from an electric vehicle manufacturer into a global leader in robotics and artificial intelligence. “Simply put, retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history,” the board stated in a shareholder letter.

The proposal will be put to a vote at Tesla’s annual shareholder meeting on November 6. If approved, it would not only cement Musk’s role at Tesla but also redefine the scale of executive compensation in the tech industry.


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