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The 2008 budget was tabled on February 26, 2008. No new tax cuts were announced in the budget, but Finance Minister Jim Flaherty announced the creation of a new Tax-Free Savings Account, into which an individual can deposit up to $5,000 a year. Flaherty said that it is the "single most important savings vehicle since the introduction of the RRSP".
The minimum age to smoke in public is 16 and authorities have the duty to seize any tobacco or cigarette papers in the possession of any person apparently under the age of 16. [195] Import: People 17 and older are entitled to a duty-free allowance for tobacco products. [196] Minimum age to purchase was 16 from 1908 to 1 October 2007.
March 22 – March 30 – The 2008 World Women's Curling Championship is held at the Wesbild Centre in Vernon, British Columbia, Canada. Jennifer Jones' rink from Canada won the gold medal and became world champions. April 4 – April 14 – The 2008 World Men's Curling Championship is held at Ralph Engelstad Arena in Grand Forks, North Dakota.
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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 .
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The basic vacation allowance is a minimum of four weeks per calendar year and there are 13 paid public holidays. [54] [55] [56] Many employers give one week extra (so the total is five weeks of paid annual leave) as a bonus. Public holidays which happen on Saturday or Sunday are lost for the particular year – thus the average number of public ...