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The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]
The Great Recession of 2008 had a considerable impact on Ontario, particularly its manufacturing sector [citation needed]. Ontario's budget surplus in 2007-2008 had by 2009-2010 given way to a $19 billion deficit. [30] Ontario government's direct subsidies to corporations average $2.7 billion per year over the five years to 2011. [31]
Assets (billions US$) Value (billions US$) Industry 1 41 Royal Bank of Canada: Montreal 46.3 9.6 1,040.3 114.9 Banking 2 46 Toronto-Dominion Bank: Toronto 42.5 8.7 1,007.0 103.8 Banking 3 87 Scotiabank: Toronto 32.4 6.4 787.5 67.1 Banking 4 118 Brookfield Asset Management: Toronto 57.6 3.6 256.3 46.0 Finance 5 134 Bank of Montreal: Montreal 26. ...
d = CCA rate per year for tax purposes t = rate of taxation n = number of years i = cost of capital, rate of interest, or minimum rate of return (whichever is most relevant) More specialized analysis would need to be applied to: assets with specific lives (i.e. Classes 13 and 14) assets with non-standard rate calculations (i.e. Class 29)
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Your net worth is more than just the balance in your bank account. It's a measure of your financial health. To get the answer to "What is my net worth?" subtract your total liabilities from your ...
Although traditionally serving the uninsured mortgage market, insured mortgages represented the fastest growing business segment in the 20009 year. [9] Assets under administration represent 36.9% of total assets when combined with assets under administration. Residential mortgages make up 49.4% of all loans ($4.7 billion in September 2010). [10]
Ontario Power Generation Inc. (OPG) is a Crown corporation [2] [3] and "government business enterprise" [4] that is responsible for approximately half of the electricity generation in the province of Ontario, Canada. [5] It is wholly owned by the government of Ontario. [6] Sources of electricity include nuclear, hydroelectric, wind, gas and ...