Category: Canada

In short, NAFTA created a large free-trade zone reducing or eliminating tariffs on imports and exports between the three participating countries (the U.S, Mexico, and Canada). Overall, there was an increase in trade between the three countries, and real per-capita GDP also increased slightly. Why does the U.S. trade with Mexico and Canada? Trade with […]

Canada is shown to have comparative advantage in a range of food and live animal for food, crude materials and mineral fuels. Canada has comparative disadvantage in manufactured goods. What products does Canada have an absolute advantage in? The Canadian economy has an absolute advantage in agricultural goods relative to most other countries globally. This […]

Examples of absolute advantage The Canadian economy has an absolute advantage in agricultural goods relative to most other countries globally. This because land is relatively abundant in Canada, as well as low cost. China, Thailand, and Vietnam, on the other hand, produce and export low-cost manufactured goods. Does Canada have a comparative advantage? Canada is […]

Yes, the CRA can put a lien on your home if you have delinquent tax debt. Can you buy delinquent property in Canada? Professional Canadian Real Estate Investors and or Apprentices can buy property “free and clear” at a tax defaulted deed auction. These taxing agencies sell property to the highest bidder in an effort […]

Canadians can use force to protect their belongings and themselves. An individual is justified in taking action to prevent someone from breaking into their home. However, they must cease using force once the attacker backs down. Furthermore, they must not use more force than is necessary. What can you legally defend yourself with in Canada? […]

They will need court approval to formally resign and best practice would be to have the beneficiaries release the executor from liability for the time they were acting. In some cases, a formal court passing of accounts may be needed. How do I remove myself from being an executor? As described in section 104 of […]

Every Will in Canada is registered after it is probated. Most Wills in Canada are probated, but this happens after you have died. If you are looking for the Will of somebody who has died, then you can usually find the Will with an application to the local probate courts. Can you check if a […]

If you don’t have a spouse or children, your estate is divided equally between your parents. If only one is alive, they get your entire estate. If you don’t have surviving parents, your siblings will get your estate. If they’re not surviving either, their children (your nieces and nephews) get their share. Who is the […]

The executor is responsible for filing taxes on behalf of the deceased, including income taxes and death taxes. Once the executor has obtained legal authority to distribute the estate, they must pay all outstanding debts and expenses, including funeral expenses and all taxes. Is the executor personally liable for debts in Canada? If your executor […]

Canada has the absolute and comparative advantage in lumber; Venezuela has the absolute and comparative advantage in oil. What does Canada have comparative advantage in? Canada is shown to have comparative advantage in a range of food and live animal for food, crude materials and mineral fuels. Canada has comparative disadvantage in manufactured goods. Which […]