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(February 2022) (Learn how and when ... This is a list of salaries of heads of state and government per year, ... Canada: 290,000 USD (Governor-General) [a]
The COVID-19 pandemic had forced the Justin Trudeau government to introduce a large number of federal aid programs to deal with the economic impact of the crisis. As a result, Canada's debt-to-GDP ratio increased in 2020 and 2021. [4] In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal ...
September 26, 2022 Ian Shugart: Ontario Vacant Non-affiliated Appointed September 26, 2022 Gigi Osler: Manitoba Vacant Non-affiliated Appointed October 2, 2022 Vernon White: Ontario Canadian Senators Group Vacant Resigned October 24, 2022 Larry Campbell: British Columbia Canadian Senators Group Non-affiliated Changed affiliation November 10, 2022
Income tax in Canada. Income taxes in Canada constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. In the fiscal year ending March 31, 2018, the federal government collected just over three times more revenue from personal income taxes than it did from corporate income taxes.
The Canada Revenue Agency (CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the Canadian federal government, and most provincial and territorial governments. The CRA collects taxes, administers tax law and policy, and delivers benefit programs and tax credits. [4] Legislation administered by the CRA includes the Income ...
In 2020, the minimum wage was increased by $1.00 in lieu of indexation. There were early increases of $0.25 on October 1, 2022 and $0.50 on October 1, 2023. Each October 1 (resumed in 2020), based on Ontario CPI for the previous calendar year. [21] There was an additional increase of $0.65 on January 1, 2022.
A formal system of equalization payments was first introduced in 1957. [7] [ Notes 1]. The original program had the goal of giving each province the same per-capita revenue as the two wealthiest provinces, Ontario and British Columbia, in three tax bases: personal income taxes, corporate income taxes and succession duties (inheritance taxes).
Chrystia Freeland is the tenth and current deputy prime minister of Canada, having assumed the role on November 20, 2019. She serves concurrently as the minister of finance, and was the minister of foreign affairs before Prime Minister Justin Trudeau elevated her to the position of deputy prime minister following the 2019 federal election. [5]