The State of Financial Literacy in Canada: How Much Do We Know?

(Disponible en français : État de la littératie financière au Canada : que savons-nous exactement?) Financial literacy includes the knowledge, skills and confidence people need to make informed choices about money. It enables Canadians to monitor and improve their personal finances. By exercising good financial practices, such as setting aside money for retirement, Canadians also…

What Does Budget 2019 Tell Us about Projected Federal Revenues, Expenditures, Budgetary Balance and Debt?

(Disponible en français : Que nous apprend le budget fédéral de 2019 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…

Efforts to Combat Snow Washing: Canada Moves Towards a Beneficial Ownership Registry

(Disponible en français : Lutte au blanchiment à la neige : les premiers pas du Canada vers un registre des bénéficiaires effectifs) Beneficial Ownership and Money Laundering When a criminal activity generates substantial profits, the individual or group involved inevitably attempts to control those funds in a manner that avoids the attention of authorities. This activity…

Issues and Concerns Related to Digital Currencies

(Disponible en français : Enjeux et préoccupations liés aux monnaies numériques) This HillNote is the second of three on the topic of digital currencies. Part 1 of the series dealt with the taxation and regulation of digital currencies and part 3 will discuss blockchain technology and its various applications. A.      The Hype Recent media…

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,…