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While Canada's ten provinces and three territories exhibit high per capita GDPs, there is wide variation among them. Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States. The economies of Alberta, Saskatchewan, Newfoundland and Labrador and ...
Manitoba, Ontario, Saskatchewan, and New Brunswick refused to impose their own emissions pricing so the federal pricing came into effect on April 1. Residents of the four provinces pay more for gasoline and heating fuel. The "starting rate added 4.4 cents to the price of a litre of gas, about four cents to a cubic metre of natural gas".
Canada's fertility rate from 1929 to 2019. The rate fell below two in the 1970s. In 2010, Canada's annual population growth rate was 1.238%, or a daily increase of 1,137 individuals. [41] Between 1867 and 2009 Canada's population grew by 979%. [41] Canada had the highest net migration rate (0.61%) of all G-8 member countries between 1994 and ...
Poverty in Canada refers to the state or condition in which a person or household lacks essential resources—financial or otherwise—to maintain a modest standard of living in their community. Researchers and governments have used different metrics to measure poverty in Canada including Low-Income Cut-Off (LICO), Low Income Measure (LIM), and ...
The tax is a 5% tax imposed on the supply of goods and services that are purchased in Canada, except certain items that are either "exempt" or "zero-rated": For tax-free — i.e., "zero-rated" — sales, GST is charged by suppliers at a rate of 0% so effectively there is no GST collected. However, when a supplier makes a zero-rated supply, it ...
Canada's last housing busts happened during the early 1990s recession, when Canada was facing low commodity prices, [20] a large national debt and deficit that was weakening the value of the Canadian dollar, the possibility of Quebec independence, and a recession in Canada's main trading partner, the United States.
Canadian public debt, or general government debt, is the liabilities of the government sector. [ 1]: 23 Government gross debt consists of liabilities that are a financial claim that requires payment of interest and/or principal in future. [ 2]: 207 They consist mainly of Treasury bonds, but also include public service employee pension ...
Ontario's HST rate is 13%, similar to New Brunswick and Newfoundland and Labrador. Ontario committed to provide a refundable tax credit of up to $260 per adult or child in 2010–11 to low income people, [ 19 ] and British Columbia committed to provide a refundable tax credit of up to $230 per adult or child in 2010–11. [ 20 ]