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

(Disponible en français : Le Parlement et la politique monétaire du Canada) 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…

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

The Parliamentary Financial Cycle: An Introduction

(Disponible en français : Introduction au cycle financier parlementaire) 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…

Crowdfunding and Charitable Giving: The Donation-Based Model

(Disponible en français : Le financement participatif et les dons caritatifs : le modèle basé sur les dons) This is the second in a series of two articles. 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…