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Income Splitting
Income splitting is a tax policy of fictionally attributing earned and passive income of one spouse to the other spouse for the purposes of assessing personal income tax (i.e. "splitting" away the income of the greater earner, reducing his/her income for tax measurement purposes), thus reducing tax rates paid by the spouse who earns more and increasing rates paid by a spouse who earns less (or nothing). Global incidence and ramifications for sovereign debt and fertility rates Most Western countries have abolished mandatory fictional income splitting, while in several countries fictional income splitting is optional (if the couple chooses it). A 2009 study of 26 European countries found that: "In France, Liechtenstein, Luxembourg and Portugal, couples are jointly assessed. Ireland and Germany operate joint taxation, respectively, with an option for individual taxation and the right to be individually taxed when this is more advantageous; conversely individual taxation is the defa ...
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De Facto
''De facto'' ( ; , "in fact") describes practices that exist in reality, whether or not they are officially recognized by laws or other formal norms. It is commonly used to refer to what happens in practice, in contrast with ''de jure'' ("by law"), which refers to things that happen according to official law, regardless of whether the practice exists in reality. History In jurisprudence, it mainly means "practiced, but not necessarily defined by law" or "practiced or is valid, but not officially established". Basically, this expression is opposed to the concept of "de jure" (which means "as defined by law") when it comes to law, management or technology (such as standards) in the case of creation, development or application of "without" or "against" instructions, but in accordance with "with practice". When legal situations are discussed, "de jure" means "expressed by law", while "de facto" means action or what is practiced. Similar expressions: "essentially", "unofficial", "in ...
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John Diefenbaker
John George Diefenbaker ( ; September 18, 1895 – August 16, 1979) was the 13th prime minister of Canada, serving from 1957 to 1963. He was the only Progressive Conservative party leader between 1930 and 1979 to lead the party to an election victory, doing so three times, although only once with a majority of the seats in the House of Commons. Diefenbaker was born in southwestern Ontario in the small town of Neustadt in 1895. In 1903, his family migrated west to the portion of the North-West Territories which would soon become the province of Saskatchewan. He grew up in the province and was interested in politics from a young age. After service in World War I, Diefenbaker became a noted criminal defence lawyer. He contested elections through the 1920s and 1930s with little success until he was finally elected to the House of Commons in 1940. Diefenbaker was repeatedly a candidate for the party leadership. He gained that position in 1956, on his third attempt. In 1957, ...
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National Post
The ''National Post'' is a Canadian English-language broadsheet newspaper available in several cities in central and western Canada. The paper is the flagship publication of Postmedia Network and is published Mondays through Saturdays, with Monday released as a digital e-edition only.National Post to eliminate Monday print edition
, June 19, 2017. Retrieved June 28, 2017
The newspaper is distributed in the provinces of ,

CBC News
CBC News is a division of the Canadian Broadcasting Corporation responsible for the news gathering and production of news programs on the corporation's English-language operations, namely CBC Television, CBC Radio, CBC News Network, and CBC.ca. Founded in 1941, CBC News is the largest news broadcaster in Canada and has local, regional, and national broadcasts and stations. It frequently collaborates with its organizationally separate French-language counterpart, Radio-Canada Info. History The first CBC newscast was a bilingual radio report on November 2, 1936. The CBC News Service was inaugurated during World War II on January 1, 1941, when Dan McArthur, chief news editor, had Wells Ritchie prepare for the announcer Charles Jennings a national report at 8:00 pm. Readers who followed Jennings were Lorne Greene, Frank Herbert and Earl Cameron. ''CBC News Roundup'' (French counterpart: ''La revue de l'actualité'') started on August 16, 1943, at 7:45 pm, being replaced by ''T ...
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The Globe And Mail
''The Globe and Mail'' is a Canadian newspaper printed in five cities in western and central Canada. With a weekly readership of approximately 2 million in 2015, it is Canada's most widely read newspaper on weekdays and Saturdays, although it falls slightly behind the ''Toronto Star'' in overall weekly circulation because the ''Star'' publishes a Sunday edition, whereas the ''Globe'' does not. ''The Globe and Mail'' is regarded by some as Canada's " newspaper of record". ''The Globe and Mail''s predecessors, '' The Globe'' and ''The Mail and Empire'' were both established in the 19th century. The former was established in 1844, while the latter was established in 1895 through a merger of ''The Toronto Mail'' and the ''Toronto Empire''. In 1936, ''The Globe'' and ''The Mail and Empire'' merged to form ''The Globe and Mail''. The newspaper was acquired by FP Publications in 1965, who later sold the paper to the Thomson Corporation in 1980. In 2001, the paper merged with broadcast ...
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Jim Flaherty
James Michael Flaherty (December 30, 1949 – April 10, 2014) was a Canadian politician who served as the federal minister of finance from 2006 to 2014 under Conservative Prime Minister Stephen Harper. First elected to the Legislative Assembly of Ontario in 1995 under the Progressive Conservative (PC) banner, Flaherty would sit as a member of Provincial Parliament (MPP) until 2006, also serving in a number of Cabinet positions from 1997 to 2002 during Premier Mike Harris' government. He unsuccessfully ran for the PC leadership twice. Flaherty entered federal politics and ran for the Conservative Party in the 2006 election. With his party forming government, Prime Minister Harper named Flaherty as finance minister. As finance minister, Flaherty cut the goods and services tax from 7 percent to 5 percent, introduced the tax-free savings account, and combatted the 2008 financial crisis; the $55.6 billion deficit from the crisis was eliminated in 2014 as a result of major spe ...
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2014 Canadian Federal Budget
The Canadian federal budget for fiscal year 2014–2015 was presented to the House of Commons of Canada by Jim Flaherty on 11 February 2014. This was the last budget presented by the Finance Minister before his resignation in March and death in April. At the end of the fiscal year, the government was surprised to post a budgetary surplus of $1.9 billion. This however would later be overturned to a small deficit of $550 million due to improper accounting methodologies for the Government's unfunded pension obligations, as pointed out for years by the Auditor General. Programs The budget cut from the Department of National Defence budget allocated for procurement of equipment via the Canada First Defence Strategy. Flaherty stated the funds would be restored in the future when "key purchases will be made". The government announced a plan to establish the National Disaster Mitigation Program, which it would begin funding in the 2015–2016 fiscal year under the 2015 budget. The pr ...
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The Toronto Star
The ''Toronto Star'' is a Canadian English-language broadsheet daily newspaper. The newspaper is the country's largest daily newspaper by circulation. It is owned by Toronto Star Newspapers Limited, a subsidiary of Torstar Corporation and part of Torstar's Daily News Brands division. The newspaper's offices are located at One Yonge Street in the Harbourfront neighbourhood of Toronto. The newspaper was established in 1892 as the ''Evening Star'' and was later renamed the ''Toronto Daily Star'' in 1900, under Joseph E. Atkinson. Atkinson was a major influence in shaping the editorial stance of the paper, with the paper having reflected his values until his death in 1948. The paper was renamed the ''Toronto Star'' in 1971. The newspaper introduced a Sunday edition in 1973. History The ''Star'' was created in 1892 by striking ''Toronto News'' printers and writers, led by future mayor of Toronto and social reformer Horatio Clarence Hocken, who became the newspaper's founder, along ...
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Canadian Centre For Policy Alternatives
The Canadian Centre for Policy Alternatives (CCPA) is an independent think tank in Canada. It has been described as "left leaning". The CCPA concentrates on economic policy, international trade, environmental justice and social policy. It is especially known for publishing an alternative federal budget on an annual basis. The centre is based in Ottawa but has branch offices in Vancouver, Winnipeg, Regina, Toronto and Halifax. It is funded primarily through individual donations, research grants, and trade unions. History The CCPA was founded in Ottawa in 1980 by a group of university professors and union activists. Many of the those first involved with the CCPA’s founding wanted to use it to counter the neoliberal consensus that was emerging during this period. Following its formation, the centre began organizing conferences, publishing pamphlets, and producing booklets and reports created by volunteer researchers. The organization ran into financial difficulties in the ...
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Canadian Broadcasting Corporation
The Canadian Broadcasting Corporation (french: Société Radio-Canada), branded as CBC/Radio-Canada, is a Canadian public broadcaster for both radio and television. It is a federal Crown corporation that receives funding from the government. The English- and French-language service units of the corporation are commonly known as CBC and Radio-Canada, respectively. Although some local stations in Canada predate the CBC's founding, CBC is the oldest existing broadcasting network in Canada. The CBC was established on November 2, 1936. The CBC operates four terrestrial radio networks: The English-language CBC Radio One and CBC Music, and the French-language Ici Radio-Canada Première and Ici Musique. (International radio service Radio Canada International historically transmitted via shortwave radio, but since 2012 its content is only available as podcasts on its website.) The CBC also operates two terrestrial television networks, the English-language CBC Television and the Frenc ...
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Stephen Harper
Stephen Joseph Harper (born April 30, 1959) is a Canadian politician who served as the 22nd prime minister of Canada from 2006 to 2015. Harper is the first and only prime minister to come from the modern-day Conservative Party of Canada, serving as the party's first leader from 2004 to 2015. Harper studied economics, earning a bachelor's degree in 1985 and a master's degree in 1991. He was one of the founders of the Reform Party of Canada and was first elected in 1993 in Calgary West. He did not seek re-election in the 1997 federal election, instead joining and later leading the National Citizens Coalition, a conservative lobbyist group. In 2002, he succeeded Stockwell Day as leader of the Canadian Alliance, the successor to the Reform Party, and returned to parliament as leader of the Official Opposition. In 2003, Harper negotiated the merger of the Canadian Alliance with the Progressive Conservative Party of Canada to form the Conservative Party of Canada and was ...
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Conservative Party Of Canada
The Conservative Party of Canada (french: Parti conservateur du Canada), colloquially known as the Tories, is a federal political party in Canada. It was formed in 2003 by the merger of the two main right-leaning parties, the Progressive Conservative Party (PC Party) and the Canadian Alliance, the latter being the successor of the Western Canadian-based Reform Party. The party sits at the centre-right to the right of the Canadian political spectrum, with their federal rival, the Liberal Party of Canada, positioned to their left. The Conservatives are defined as a "big tent" party, practising "brokerage politics" and welcoming a broad variety of members, including "Red Tories" and " Blue Tories". From Canadian Confederation in 1867 until 1942, the original Conservative Party of Canada participated in numerous governments and had multiple names. However, by 1942, the main right-wing Canadian force became known as the Progressive Conservative Party. In the 1993 federal el ...
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