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5

Because they are high in comparison. Take a look at the data from the OECD here, for 2015. I have plotted them below: (The red is the personal income tax set by law, and the blue is the one adding tax credits, as far as I understand). As you can see, rates in Canada are quite high in comparison with other OECD countries like Estonia or Poland, and also ...


3

The Canadian provinces implement most of the welfare state programmes. The role of the Canadian Federal Government is to set out guidelines, and undertake fiscal transfers to allow provinces to stay near national standards. Since they have much larger budgets, they necessarily end up absorbing more of the economic cycle as being an automatic stabliser (i.e. ...


2

One consideration is that charging for the use of washing machines on a per-wash basis creates an incentive for tenants to use the machines efficiently by operating them only with a full load of clothes to be washed. By contrast, if use were free - or if charges were on some other basis, eg per weight of clothes washed -, then there would be no such ...


2

As you said, you would prefer to have free washing machines instead of free swimming pool. What does this mean? That washing your clothes is more important than having a bath in a swimming pool. Usually, it applies to almost anyone. So you could stop using swimming pool, but not washing machines. Also, it does not seem probable that many people will use ...


2

If you take the oil price as a given, meaning not set by Canada but by the market, then the costs of more expensive transport will eat the profit margins. For example, if the price of the oil is 100 USD per barrel, 20 USD would be costs for Canada, while for US producers the cost is, for instance, only 10$. Keep in mind that a project investment analysis ...


2

Widening the acceptable band for the overnight rate would reduce the effectiveness of monetary policy to a certain extent. If the actual market rate is near the middle of the band, then it would be possible for the policy rate band to be moved by 50 basis points, and the actual rate could remain unchanged. This implies a potential need for greater movements ...


1

1) Does "currency and bank deposits owned by the government of Canada" in (b) mean currency and deposits at the Bank of Canada? If not, are these deposits just deposits by the Canadian government at some other bank? And where does the government of Canada keep its currency? Yes. The Canadian Federal Government consolidates its deposits in a single ...


1

First, I've been in apartments with washing and drying included. These tend to have the washer and dryer in the apartment. So there is no conflict with other tenants who might want to use the facilities. I could run half loads, etc. without inconveniencing others. I've also lived in apartments with no laundry facilities whatsoever. In these, I had to ...


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