Are Canadians rich or poor?

Article Abstract:

The report issued by Ordre des comptables agree du Quebec in May 1997 highlighted the premise that Canadians are recently struggling to recoup from indebtedness. This assumption must not be presumed true since it is based on inaccurate figures and faulty standards. In fact, studies conducted by economic analysts reveal that Canada's household revenues increased five folds since 1991, and the economy has been gradually improving since then. Further, the study failed to consider that debt levels can only be accurately determined by gauging gross domestic product, industrial earnings, income distribution and other economic parameters.

National Government Liabilities & Debt, Evaluation, Economic development, National debt, Debt

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Blame monetary policies

Article Abstract:

The current global financial crisis is largely attributed to the monetary policies implemented to counteract inflation. A number of central banks in North America have followed policies that have led to inefficient consequences. US Federal Reserve Chairman Alan Greenspan's policy of increasing interest rates inadvertently contributes to unemployment. Moreover, the financial crisis which started in the Pacific Rim countries and spread to the nearby Asian nations, only affirms the domino effect of all markets, including the stock market.

Fiscal Policy, Inflation (Finance), Interest rates, Monetary policy, Inflation (Economics)

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Tax can't be neutral

Article Abstract:

The Technical Committee on Business Taxation has presented a new report which aims to create reforms in the existing system of Canadian taxation based on tax neutrality. However, the report, which is included in Finance Minister Paul Martin's budget for 1996, is destined to be a failure from the start. The plan is intended to stimulate the economy through job creation, despite the fact that business taxation is not a priority of the finance department and the existence of incompatible economic structures in the provinces.

Tax Administration, Column, Tax administration and procedure, Tax policy, Martin, Paul (Canadian government official)

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