News of the day: Summer of the Iceman, Churchill Falls deal, Moneris sale concerns, income tax reporting failure, retirement planning and more

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Photo by Peter Power/Postmedia NewsIt’s Wednesday, August 19. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountFor 40 years, the Silva family toiled in relative anonymity making and delivering ice. That all changed when the biggest rapper in the world came knocking. Prime Minister Mark Carney, Newfoundland and Labrador Premier Tony Wakeham and Quebec Premier Christine Fréchette walk towards the podium on Aug. 17, 2026 to announce a new Churchill Falls deal. Photo by Keith Gosse/The TelegramThe new Churchill Falls agreement promises to rewrite the economics of one of Canada’s largest hydroelectric developments more than a decade before its notoriously lopsided power contract expires.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again Created as a joint venture between Royal Bank of Canada and Bank of Montreal in 2000, Moneris Solutions Inc. now helps 325,000 businesses and sales locations accept payments, representing one in three transactions in Canada. Photo by Peter J. Thompson/PostmediaThe decision to sell Moneris Solutions Corp. to U.S.-based Francisco Partners Management LP has some small businesses worried. The national headquarters of the Canada Revenue Agency. Photo by Spencer Colby/Postmedia filesIf you forget to report some of your income on your tax return, you’ll be able to avoid a penalty the first time around. But, if you get caught a second time, you could be hit with a “repeated failure to report income” penalty, even if the omission was due to a purely innocent mistake. The median net worth for couples with children under the age of 18 was $645,900 in 2023. Photo by Getty Images/iStockphotoExpert says George’s goal of reaching $5 million by age 48 is not necessary in order to retire early and fund the couple’s current estimated $170,000 lifestyle.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.