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The day was a holiday for federal government employees. [29] The provinces of British Columbia, New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island also enacted provincial equivalents for the federal holiday. The provinces of Alberta, Ontario, Manitoba, Saskatchewan, and Quebec did not enact any holiday. [30]
Other parts of Canada's retirement system are private pensions, either employer-sponsored or from tax-deferred individual savings (known in Canada as a registered retirement savings plan). [1] As of June 30, 2024, CPP Investments (CPPI) manages over C$646 billion in investment assets for the Canada Pension Plan on behalf of 22 million Canadians ...
Further deductions are allowed in determining "taxable income", such as capital losses, half of capital gains included in income, and a special deduction for residents of northern Canada. Deductions permit certain amounts to be excluded from taxation altogether. "Tax payable before credits" is determined using five tax brackets and tax rates.
Upon retiring, a CPP contributor receives the base regular pension payments equal to 25% (in phases increasing to 40%) of the earnings on which contributions were made over the entire working life of a contributor from age 18 in constant dollars, as well as the first additional component phase (2019–2023) and the second additional component ...
This is a collection of articles about holidays celebrated only, or primarily, in Canada. For more widely celebrated holidays, see Category:Holidays . The main article for this category is Public holidays in Canada .
The Department of Human Resources and Skills Development was created in December 2003, when Human Resources Development Canada (HRDC) was split into two separate departments: Human Resources and Skills Development Canada (HRSDC) and Social Development Canada (SDC). Though they continued to share many common services and operations, Human ...
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 ...
Both the federal and provincial governments impose excise taxes on inelastic goods such as cigarettes, gasoline, alcohol, and for vehicle air conditioners. Canada has some of the highest rates of taxes on cigarettes and alcohol in the world, constituting a substantial share of the retail total price of cigarettes and alcohol paid by consumers.