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Canadian public debt, or general government debt, is the liabilities of the government sector. [ 1 ] : 23 Government gross debt consists of liabilities that are a financial claim that requires payment of interest and/or principal in future.
The Canada Development Investment Corporation (CDEV; [a] French: Corporation de développement des investissements du Canada) is a Canadian Crown corporation responsible for managing investments and corporate interests held by the Government of Canada, including making purchases and sales of assets on behalf of the King-in-Council. [1]
The Business Development Bank of Canada (BDC; French: Banque de développement du Canada) is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises.
The first Canadian Crown corporation after confederation was the Canadian National Railway Company, created in 1922. [ 6 ] During the earlier part of the century, many British North American colonies that now comprise the Canadian federation had Crown corporations, often in the form of railways, such as the Nova Scotia Railway , since there was ...
The Canada Revenue Agency collects the Goods and Services Tax (GST) (the Canadian federal value added tax) of 5 per cent in all provinces. In Quebec, under an agreement with the federal government, Revenu Québec administers the GST to businesses, and administers Quebec's own Quebec Sales Tax (QST). The Goods and Services Tax was introduced in ...
While many experts champion this government monopoly in Canadian mortgage securitization, citing the high prudential regulation and stringent public oversight, this model nevertheless means that the majority of securitized mortgage debt is registered on the federal government's balance sheet. [43]
EDC operates at arm's length from the federal government and according to commercial principles. EDC's mandate is spelled out in the Export Development Act . In response to the global credit crunch, in 2009, the Government of Canada broadened EDC's mandate and scope of activity for a two-year period to include support for domestic trade and ...
The bank has a zero book value policy on its balance sheet—matching total assets to total liabilities—and transfers any equity above this amount as a dividend to the Government of Canada. As of 30 December 2015, the Bank of Canada owned C$95 billion in Government of Canada debt. It had a net income in 2014 of $1.039 billion.