Most of the items sold in grocery and convenience stores are zero-rated basic groceries (that is, they are taxed at 0%). However, certain items sold in these stores are taxable. Click Taxable Groceries for details on how the the GST and the QST apply to basic groceries and other items. Does food get taxed in […]
Author: Muriel Schmidt
Is Canada’S National Debt High?
As a ratio of GDP, gross debt was 117.2% (GDP was $2,510 billion in 2021), down from 130.0% in 2020, the highest level ever recorded, but significantly above the pre-pandemic level (105.6% in 2019).Debt comparison with other countries. 2020 2021 Spain 120.0 118.6 Canada 117.8 112.9 France 114.7 112.6 Belgium 112.8 108.4 Is Canada’s debt […]
What Is The Oldest Entrepreneurial Venture In Canada?
The Hudson’s Bay Company (HBC), chartered 2 May 1670, is the oldest incorporated joint-stock merchandising company in the English-speaking world. HBC was a fur trading business for most of its history, a past that is entwined with the colonization of British North America and the development of Canada. What is the oldest business in Canada? […]
How Much Do People Spend On Eating Out In Canada?
SDMX Geography6 Canada (map) Statistic Average expenditure per household Non-alcoholic beverages and other food products 1,437 1,536 Food purchased from restaurants 2,502 2,604 Restaurant meals 2,222 2,284 How much do people spend eating out per month Canada? Eating out is the most popular indulgence for Canadians according to a recent survey of “financial guilty pleasures” […]
What Is The Most Popular Shoe Size In Canada?
The average shoe size for Canadian women is 6.5. The average shoe size for Canadian men is 10. Is size 9 small for a guy? The most common shoe size for men around the world is typically between 9 and 12. Is size 9 big for a girl? All women’s foot sizes are normal. Heights […]
What Can I Write Off As A Sole Proprietor In Canada?
You can deduct management and administration fees, including bank charges, incurred to operate your business. Bank charges include those for processing payments.Management and administration fees employees’ salaries, wages and benefits (including employer’s contributions) property taxes. rent paid. What expenses can a sole proprietor claim? In addition to health insurance, common deductions include equipment, utilities, subscriptions, […]
Is Rutgers New Brunswick An Ivy League?
Is Rutgers an Ivy League School? Rutgers University is not an Ivy League school. However, with its legacy and prominence, many people imagine Rutgers to be an elite Northeastern private school like the rest of the Ivy League. Of those nine Colonial Colleges, seven went on to be known as Ivies. Is Rutgers New Brunswick […]
What Credit Score Does Everyone Start With Canada?
Since there is no universal way of reporting credit between countries, newcomers to Canada start with a credit score of zero. A good credit score is essential to securing a mortgage, a car loan, or even renting an apartment, so you need to start building credit as soon as you arrive. Does everyone start with […]
What Is The Most Peaceful Province In Canada?
If you’re looking to get away from it all and relax in some tranquillity, Nova Scotia is the best province for you. The East-coast province has low property prices, low cost of living, clean air, minimal crime and lots of peace and quiet. For many people, it’s a dream. Halifax Waterfront, Nova Scotia. Which is […]
What Does It Take To Get Approved For A Mortgage Canada?
Lenders assess your income, credit score, and down payment to approve you for a mortgage. You must prove income stability and meet debt service ratio thresholds. Your credit score must exceed 600. Your down payment can be as low as 5% to 10%. How hard is it to get approved for a mortgage in Canada? […]