For every progressive economy, the government requires people to pay a percentage of their earnings and profits in taxes. These collated taxes are then used to run the economy properly.
There are different categories of taxes which are required to be paid by the people in Canada for trading income and profits. These are specific categories that individuals fall into. These taxes also have a period where they are to be paid to the federal purpose. Continue reading “How taxes apply to trading income and profits”
The economy of the country is very developed. It has 10th largest GDP in the world. The imports, as well as exports of the country, are highly stable and in direct proportion with one another. The natural resources of Canada are innumerable and the petroleum reserves of the country are the 4th largest in the world. The service sector of the country is highly stable and employs most of the Canadians. Canada is regarded as a country which is very easy to conduct business in. The economy is stable and the business-friendly status of the country has allowed the investors from all over the world to invest money here. Apart from all this the country also hosts high ranking trade events which are both national and international. The businessmen here get the exposure to make sure that the best product and quality is delivered. The government is also concerned about the wellness of trade and business which is a positive point. Continue reading “Annual trade events in Canada worth your attention”
Talks on the North American Free Trade Agreement have started on 16th August between the US, Canada, and Mexico. The outcome of the discussions means a lot for markets like Canada who depend on the US for thriving. But that view is mostly propagated by the US and the scene of Canada trading is a bit different, points out experts.
The round 1 of the talks saw the US pressing for major changes in the NAFTA and presented some demands which were expected by the trading industry. The US seems to be in a hurry to get over with the agreement before the elections in Mexico forgetting that the other two participants have quite a leverage to sway decisions in their favor.
In view of America, it is a self-reliant large scale market which does not need to conduct free trade with neighboring countries to survive. So it may seem that Canada is relying on America for a favorable outcome of the NAFTA talks. But the situation is a bit different in reality.
Canada is the largest importer for 2/3 of American states being the country’s one of the largest export market. Besides trading, which is one of the main economic branches, there is one more high-popular field in Canada. The gambling industry, presented by a wide range of gaming sources can boast of its trusted websites like Valley Games guide or others, where you can find a list of best Canadian online casino. Continue reading “Canada has Significant Potential to Influence NAFTA Negotiations, says Trade Experts”