Taxation and Regulation of Digital Currencies

(Disponible en français : Fiscalité et réglementation des monnaies numériques) This HillNote is the first of three on the topic of digital currencies. Part 2 of the series will deal with issues and concerns related to digital currencies and part 3 will discuss blockchain technology and its various applications. A.        Digital Currencies Since 2008, digital…

What Does Budget 2018 Tell Us about Projected Federal Revenues, Expenditures, Budgetary Balance and Debt?

(Disponible en français : Que nous apprend le budget fédéral de 2018 sur les projections relatives aux recettes, aux dépenses, au solde budgétaire et à l’endettement?) One of Parliament’s fundamental roles is to review and approve the government’s spending and taxation proposals. This HillNote analyzes the projected federal revenues, expenditures, budgetary balance and debt presented in Budget…

Aligning the Budget and the Main Estimates — Recent Changes to the Parliamentary Financial Cycle

(Disponible en français : Assurer la cohésion entre le budget et le budget principal des dépenses — Changements récents apportés au cycle financier parlementaire)  The Government of Canada outlines its spending and tax priorities to Parliament and Canadians in its annual budget, and presents its spending plans for parliamentary approval in estimates documents. In the past,…

Tax-Free Savings Account

Consumption Taxes in Canada: Revenue, Rates and Rationale

(Disponible en français : Les taxes à la consommation au Canada : recettes, taux et justification) Governments can finance the goods and services provided to citizens through various means, including through taxing, investing and borrowing. The first – taxation – can take several forms. In Canada, federally funded or federally sponsored initiatives are mainly financed by…

The Federal Budget and the Estimates: How They Compare

(Disponible en français : Le budget fédéral et le budget des dépenses : ce qui les distingue) In Canada’s parliamentary system, the federal government must obtain Parliament’s approval to change taxes and to spend funds. The government presents its intentions to Parliament in the estimates and in the federal budget, which the Finance Minister delivers…

Tax-Free Savings Account

Personal Income Taxes in Canada: Revenue, Rates and Rationale

(Disponible en français : L’impôt des particuliers au Canada : recettes, taux et justification) Governments can finance the goods and services provided to citizens through various means, including through taxing, investing and borrowing. The first – taxation – can take several forms. In Canada, federally funded or federally sponsored initiatives can be financed by personal…