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The SAC was established in 1996 on a voluntary basis and was formalized in the Canadian Payments Act in 2001. [12] The SAC provides advice to the Payments Canada Board of Directors on payment, clearing, and settlement matters, and contributes input on proposed initiatives, including by-laws, policy statements, and rules that affect third parties.
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Until the 2009–2010 fiscal year, Ontario was the only province to have never received equalization payments; in 2009-2010 Ontario received 347 million dollars, [7] while Newfoundland, which has received payments since the program's creation, is now a so-called "have" province, and is now a net contributor and does not receive payments.
[c] If Montreal is 00011-001 then the next site (First Canadian Place Toronto) is 00022-001, with 00012-001 remaining permanently unassigned. Likewise, the electronic routing number for a branch of either TD Bank or BMO will start with a 0 , followed successively by the 3-digit institution number, the 4-digit branch number, and the single-digit ...
In 2016, Canada signed a free trade agreement with the European Union, of which Portugal is a member. In 2018, bilateral trade between Canada and Portugal totaled $1 billion CAD. [2] Canada's exports to Portugal amounted to $382 million CAD.
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Moneris (formerly "Moneris Solutions") is a Canadian financial technology company that specializes in payment processing. [2] [3]Moneris was established in December 2000, as a joint venture between the Royal Bank of Canada and Bank of Montreal. [4]
The question whether it is a direct or indirect tax cannot depend on those special events which may vary in particular cases; but the best general rule is to look to the time of payment; and if at the time the ultimate incidence is uncertain, then, as it appears to their Lordships, it cannot, in this view, be called direct taxation within the ...