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A reciprocal inter-insurance exchange or simply a reciprocal in the United States is an unincorporated association in which subscribers exchange insurance policies to pool and spread risk. For consumers, reciprocal exchanges often offer similar policies to those offered by a stock company or a mutual insurance company.
The rule against foreign revenue enforcement, often abbreviated to the revenue rule, is a general legal principle that the courts of one country will not enforce the tax laws of another country. [1] [2] [3] The rule is part of the conflict of laws rules developed at common law, and forms part of the act of state doctrine. In State of Colorado v.
This is a list of Canadian insurance companies. The top insurance providers in Canada are Manulife, Canada Life (subsidiary of Great-West Lifeco), Sun Life Financial, Desjardins, and IA Financial Group (aka Industrial Alliance). [1] [2] Smaller insurers include those operating as subsidiaries of banks, such as CIBC Insurance and TD Insurance. [2]
The Parliament of Canada entered the field with the passage of the Business Profits War Tax Act, 1916 [17] (essentially a tax on larger businesses, chargeable on any accounting periods ending after 1914 and before 1918). [18] It was replaced in 1917 by the Income War Tax Act, 1917 [19] (covering personal and corporate income earned from 1917 ...
The 2009 Québec Finance paper referred to the 1996 Québec Shuffle—that made it possible for corporations to avoid paying any provincial tax—and the 1998 and 2006 Truffles, as examples of ATP schemes. [29]: 6, 7 Québec's tax laws were amended to prevent Québec Shuffle rollovers by changing the tax deferral rules.
1965: Canada–United States Automotive Products Agreement (Auto Pact) 1973–1979: Tokyo round of GATT; 1988: Canada–United States Free Trade Agreement; 1993: North American Free Trade Agreement (NAFTA) 1994: World Trade Organization created; 1997: Canada–Israel Free Trade Agreement (CIFTA) 1997: Canada–Chile Free Trade Agreement (CCFTA)
Corporate taxes include taxes on corporate income in Canada and other taxes and levies paid by corporations to the various levels of government in Canada. These include capital and insurance premium taxes; payroll levies (e.g., employment insurance, Canada Pension Plan, Quebec Pension Plan and Workers' Compensation); property taxes; and ...
The agency also oversees the registration of charities in Canada, and enforces much of the country's tax laws. [6] From 1867 to 1999, tax services and programs were administered by the Department of National Revenue, otherwise known as Revenue Canada. In 1999, Revenue Canada was reorganized into the Canada Customs and Revenue Agency (CCRA).