[QUOTE=Black Death;4019785]Interesting - have a few questions - how much has the commodities boom affected your country? Has it affected the Canadian $? What % of GDP is mining? What about your fiscal balance nationally?
Thanks in advance for any replies.
BTW - does a conservative majority in Canada = raving communists for your southern neighbours?
Oh, yeah - what were the main issues in the election? How is the Canadian economy doing generally?[/QUOTE]
Top Federal tax bracket 29%. Corporate tax rates down this year from 18 to 16.5%.
On Cap gains they have an interesting formula. Half the gain is taxed at your regular income tax rate. Lower then the US but somewhat progressive although they only have 3 rates and the middle rate is only 3% less then the top rate.
Canada didn't have the banking crisis and they are doing well because of their commodity driven market. Unemployement is not great but much better then the US at about 7.7%.
The Canadian Dollar has gone from just under .96 to the US dollar to just over 1.05 in about a year.