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As noted in the 27th Actuarial Report on the Canada Pension Plan, if one uses the 'closed group approach', the Canada Pension Plan has an enormous unfunded liability. As of December 31, 2015, the unfunded liability was $884 billion, which is the difference between CPP's liabilities of $1.169 trillion and the CPP's assets of $285 billion. [15]
The Social Security Administration collects payroll taxes and uses the money collected to pay Old-Age, Survivors, and Disability Insurance benefits by way of trust funds. When the program runs a surplus, the excess funds increase the value of the Trust Fund. As of 2021, the Trust Fund contained (or alternatively, was owed) $2.908 trillion. [4]
The Caisse de dépôt et placement du Québec ( CDPQ; English: Quebec Deposit and Investment Fund) is an institutional investor that manages several public and parapublic pension plans and insurance programs in the Canadian province of Quebec. It was established in 1965 by an act of the National Assembly, under the government of Jean Lesage, as ...
A registered retirement income fund ( RRIF, French: fonds enregistré de revenu de retraite, FERR) is a tax-deferred retirement plan under Canadian tax law. Individuals use an RRIF to generate income from the savings accumulated under their registered retirement savings plan. As with an RRSP, an RRIF account is registered with the Canada ...
Vanguard Investments Canada Inc. offers the following 21 ETFs listed on the TSX: TSX : VCE – Vanguard FTSE Canada Index ETF. TSX : VCN – Vanguard FTSE Canada All Cap Index ETF. TSX : VDY – Vanguard FTSE Canadian High Dividend Yield Index ETF. TSX : VRE – Vanguard FTSE Canadian Capped REIT Index ETF.
A real estate investment trust ( REIT, pronounced "reet" [ 1]) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, studios, warehouses, hospitals, shopping centers, hotels and commercial forests. [ 2]
15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [6] Newfoundland and Labrador: HST: 10 15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [7] Northwest Territories: GST: 0: 5 Nova Scotia: HST: 10: 15 [8] Rates were meant to be reduced to 14 and 13% on July 1, 2014 and ...
The federal government levies a value-added taxof 5%, called the Goods and Services Tax(GST), and, in five provinces, the Harmonized Sales Tax(HST). The provinces of British Columbia, Saskatchewan, and Manitobalevy a retail sales tax, and Quebeclevies its own value-added tax, which is called the Quebec Sales Tax.