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Since the 1980s, Canada's levels of investment and ownership in foreign companies have been larger than foreign investment and ownership in Canada. In some smaller countries, such as Montenegro, Canadian investment is sizable enough to make up a major portion of the economy. In Northern Ireland, for example, Canada is the largest foreign ...
The Québec truffle referred to a scheme whereby Québec corporations based in Alberta, shifted their income earned in Alberta to "trusts based in Québec, making them immune to Alberta taxes". [33] In 2020, when Alberta made a deep and rapid corporate tax rate cut, from 12%, which is the average provincial corporate tax rate, to 8%, University ...
An additional problem is the fact that municipally owned corporations often have more than one municipal owner, and conflict between municipal owners can lead to reduced output for the municipally owned corporation due to various negative spillovers. [5]
A franchise fee is a fee or charge that one party, the franchisee, pays another party, the franchisor, for the right to enter in a franchise agreement. Generally by paying the franchise fee a franchisee receives the rights to sell goods or services, under the franchisor's trademarks , as well as access to the franchisor's business processes.
The annual property tax for any province contains at least two elements: the municipal rate and the education rate. The combination of municipal and education tax portions along with any base taxes or other special taxes determines the full amount of the tax. These taxes account for about ten percent of total taxation in Canada. Land Transfer Tax
However, Statistics Canada embeds Alberta's eight Metis settlements, a separate type of municipality, into the census subdivisions for six municipal districts. [ 33 ] Combined, Alberta has 73 rural municipalities comprising 63 municipal districts, 7 improvement districts and 3 special areas. [ 2 ]
Corporations Canada is Canada's federal corporate regulator, operating under Innovation, Science and Economic Development Canada. It is responsible for administering laws regarding the incorporation of Canadian businesses as well as "corporate laws governing federal companies, except for financial intermediaries ."
Canada has a total of 5,162 [1] municipalities among its 10 provinces and 3 territories that are subject to some form of local government. Matrix of municipalities [ edit ]