Category: Canada

Treaty between Mexico and Canada – details — Orbitax Tax News & Alerts. Mexico and Canada signed a new income tax treaty and protocol on 12 September 2006. What is the tax treaty with Mexico? The United States and Mexico entered into a bilateral international income tax treaty several years ago. The purpose of the […]

First introduced in 1991, the target is set jointly by the Bank of Canada and the federal government and reviewed every five years. However, the day-to-day conduct of monetary policy is the responsibility of the Bank’s Governing Council. Who sets monetary policy in Canada? Monetary policy is conducted by the Bank of Canada, a government-owned […]

So Canada has a cost of living index of 70.22 which means it’s 29.78% cheaper to live in Canada than NYC. Cost of living in Canada compared to other countries. Cost of Living Index 70.22 Rent Index 34.33 Cost of Living Index plus Rent Index 53.4 Groceries Index 70.01 Restaurant Price Index 67.86 Is it […]

1. Ford F-Series: 50,440, down 15 per cent. If not calamitous, the first-quarter of 2022 was at least disastrous for the Ford F-Series in Canada. What is the most sold vehicle in Canada? Canada’s Top Ten Selling Cars in 1Q 2022 Honda CR-V. Chevrolet Silverado. Toyota RAV4. GMC Sierra. Ram Pickup. Ford F-Series: The Rest […]

If inflation is above the 2 per cent target, the Bank may raise the policy rate. This prompts banks to increase interest rates on their deposits, loans and mortgages. Higher interest rates encourage saving and discourage borrowing and, in turn, spending. How does the Bank of Canada deal with inflation? If inflation is above target, […]

If inflation is above target, the Bank may raise the policy rate. Doing so encourages financial institutions to increase interest rates on their loans and mortgages, discouraging borrowing and spending and thereby easing the upward pressure on prices. How does the Bank of Canada combat inflation? In order to achieve the inflation target, the BoC […]

“Can I drive using my Philippine driver’s license?” If you have a valid Philippine driver’s license, yes, you can drive in Canada for 90 days after landing. Can I use my Philippines driver’s license in Canada? If you plan to use a foreign driver’s licence in Canada, you should get an International Driving Permit (IDP) […]

Canada ranks as one of the strongest democracies in the world. Canada ranked 2nd best country in the world. Canada ranks as one of the world’s most influential countries. Rank 11 Country Canada Continent North America Score 86.02 Is Canada is a powerful country? The most powerful nations in the world shape global economic patterns, […]

Be at least 18 years old (17 years old with parental consent), except: For the Paid Education programs — you may be 16 years old (with parental consent) What is Canada’s draft age? ages 20 and 45All male citizens between ages 20 and 45 could be conscripted. Can Canadians be drafted to war? There is […]

Elites and close associates of the Regime Canada is imposing measures on 35 senior officials in the Russian-occupied territories of Donetsk, Luhansk, Kherson and Zaporizhzhia. These individuals have been sanctioned for enabling and supporting President Putin’s sham referendums. Who are the sanctioned Russian individuals? Personal sanctions Representative Name Remarks Russia Vladimir Putin President of Russia […]