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…

Peace Tower close-up of clock face with detail, Parliament of Canada

The Parliamentary Financial Cycle: An Introduction

Alex Smith Economics, Resources and International Affairs Division One of Parliament’s fundamental roles is to review and approve the federal government’s taxation and spending plans. While budget-setting is an executive function, the government cannot change taxation rates, impose new taxes or spend public funds without Parliament’s approval. This document provides an introduction to the parliamentary…

Crowdfunding and Charitable Giving: The Donation-Based Model

James Gauthier Economics, Resources and International Affairs Division Crowdfunding – a practice in which many entities make small contributions through the Internet and social media – is an increasingly popular way for citizens, businesses and not-for-profit organizations to raise funds for charitable causes. Although information on the impact of crowdfunding exists around the world, evidence…

Dollar sign on a globe against the silouette of a sky scraper

Combatting Aggressive Corporate Tax Planning: A Domestic and Global Challenge

Mark Mahabir Economics, Resources and International Affairs Division Aggressive tax planning by multinational corporations has had an adverse impact on the tax revenues of a number of countries, including Canada. In its Annual Report to Parliament 2013–2014, the Canada Revenue Agency (CRA) stated, “Aggressive tax planning is a global problem threatening to undermine the ability…