The government doesn’t want these advantages to go to anyone other than Canadians, so they have a very precise definition of what a company needs to be in order to qualify as a CCPC. All of the following requirements need to be met in order to satisfy the definition of a CCPC: It is...
A second CPP tax, also set to begin this year, was recently announced by the federal government. However, this tax will only impact “workers whose income is above the first earnings ceiling”,according to the Globe and Mail.More information on this tax can be foundhere. ...
In the first country, the government imposes a 50% flat tax on each individual's income, and uses the proceeds from that tax to finance an annual $10,000 transfer payment to each individual. The government has zero debt. In an otherwise identical second country, the government has a sovere...
As soon his employer was unable to keep paying employees, Babs applied for the Canada Emergency Response Benefit (CERB), financial support from the federal government in response to the Covid19 pandemic and job shutdowns. For Babs, the prospect of looking for more work in his field was ...
Meanwhile, since the mid 1990s, the federal government and most provincial governments made meaningful steps to reduce the country's total debt burden. Also contribut- ing to the country's fiscal stability are the key reforms to the Canada and Quebec Pension Plans (CPP & QPP) which have ...
can pursue its C$100 million claim against the Canadian government under a controversial provision of the North America Trade Agreement (NAFTA). The decision allows Pope & Talbot to seek compensation from the government under NAFTA's Chapter 11 investment provision, clearing the way for a full ...
Building standards, as well as assessment criteria, also form a part of the federal government responsibilities [130]. In addition, under the Canadian Environmental Protection Act of 1999, the federal government can place limits on carbon emissions such as through the application of carbon tax on ...