Author: Muriel Schmidt

Were Indigenous People Slaves In Canada?

In Upper Canada, both Indigenous and Black people were enslaved; however, the numbers of Indigenous slaves had begun to decline there as well. Upper Canada banned the importation of African slaves in 1793 with the Act to Limit Slavery. Did aboriginals practice slavery? Many Aboriginal Australians were also forced into various forms of slavery and […]

How Is Interest Earned Taxed In Canada?

Interest income is taxed as ordinary income, regardless of whether or not the interest is derived from a source in Canada. Accrued interest income on most debt obligations must be reported annually. How is earned interest taxed? Interest taxed as ordinary income Typically, most interest is taxed at the same federal tax rate as your […]