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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 ...
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 Income Tax Act, Part I, subparagraph 2 (1), states: "An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year." After the calendar year, Canadian residents file a T1 Tax and Benefit Return [ 5] for individuals.
The Conservatives stated that their plan to cut corporate taxes from 16.5% to 15%, will create more jobs. [52] Harper stated that an increase in corporate taxes will create job losses across Canada. Layton countered by saying currently the jobs are shipped overseas, and pledged a $4,500 job creation tax credit to all businesses per new hire. [ 53 ]
In November 2013, Alstom announced it planned to raise €1 to €2 billion through sale of some non-core assets, plus the possible sale of a stake in Alstom Transport, and cut 1,300 jobs. [ 48 ] [ 49 ] In 2014, Alstom sold its steam auxiliary components activities (air preheaters and gas-gas heaters for thermal power, other industrial heat ...
The benchmark S&P 500 index is up 15% in the same time frame. Pras Subramanian is a reporter for Yahoo Finance covering the auto industry. You can follow him on Twitter and on Instagram .
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.
By Brendan Pierson and Dietrich Knauth. (Reuters) -A jury on Friday found that Abbott Laboratories' specialized formula for premature infants caused an Illinois girl to develop a dangerous bowel ...