Canada

  • Property Tax in Canada: A comprehensive guide for homeowners (2025 Update)

    Finance and explain – In this detailed guide, we will explore property taxes in Canada, a crucial element of the real estate landscape. Whether you're a first-time homebuyer or a seasoned homeowner, understanding how property tax works and how it varies across provinces and territories is essential. We'll discuss the general property tax structure, the average tax rates, available relief programs, and how you can reduce your property tax burden. Additionally, we'll explain how homeowners can benefit from tax exemptions, property value reassessments, and other cost-saving opportunities.

  • Why did Bank of Montreal (BMO) freeze my Account without notice and what should I do?

    It’s never pleasant to discover that your Bank of Montreal (BMO) account has been frozen or blocked without any prior warning. While it can feel unfair or worrying, banks like BMO are required to follow strict security measures and legal obligations that sometimes mean acting without advance notice to protect your money and comply with Canadian financial regulations.

  • Why did CIBC freeze my bank Account without warning and what should I do?

    Discovering that your Canadian Imperial Bank of Commerce (CIBC) account has been frozen or blocked without any prior notice can be stressful and confusing. However, banks like CIBC are legally obligated to protect your funds and comply with Canadian regulations, which can sometimes mean freezing your account immediately when certain risks are detected.

  • What to do if your Royal Bank of Canada (RBC) Account is frozen without warning

    It can be alarming to discover that your RBC (Royal Bank of Canada) account has suddenly been frozen or blocked without any prior notification. While it may feel unfair or confusing, Canadian banks like RBC have strict security measures and legal obligations that sometimes require them to restrict access immediately to protect both you and the financial system.

  • Why Scotiabank may freeze your Account without warning and how to fix it

    Having your Scotiabank (Bank of Nova Scotia) account frozen or blocked without any advance notice can be stressful and inconvenient. While it might seem unfair at first, banks like Scotiabank are required by Canadian regulations and security standards to take immediate action when they detect suspicious activity or compliance issues.

  • Why TD Canada Trust might freeze your Account without notice and what to do about it

    It can be a shock to find that your TD Canada Trust (Toronto-Dominion Bank) account has been frozen or blocked without any advance warning. However, banks like TD Canada Trust are obligated to act quickly to protect your money and follow strict Canadian banking laws and security measures.

Tax Burden Comparison: EU, NAFTA, APEC, UAE, Mercosur

Comparison of tax burden (as a percentage of GDP) across different economic unions.

This chart illustrates the comparison of tax burdens across five major economic unions. The tax burden is the percentage of GDP spent on taxes and is an important indicator of the economic environment in each union.

Source: OECD, World Bank

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