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…

Parliament and Monetary Policy in Canada

Mathieu Frigon and Michaël Lambert-Racine Economics, Resources and International Affairs Division Monetary policy is one of the two key components of the Government of Canada’s economic policy, the other being fiscal policy. Fiscal policy includes measures by the government to raise revenue (taxation, user fees, etc.) and spend funds (transfers, programs, etc.), whereas monetary policy…