Canada's war effort was funded by victory bonds. Canadians invested in these bonds to support the soldiers, then they would receive the original money invested in the bonds and however much interest was collected over the period of time when the war was won.
The Canadian Government also introduced income tax, which was originally intended for a temporary purpose. Financially stable individuals and families paid 3% income tax on their income. Businesses paid a 4% tax on their business profits.
Canada also borrowed huge sums of money from other countries.
Despite all of the money being poured into war efforts Canada was in national debt by almost $2 billion during the war.
That they won the war and that they can fight and still have peace again
yes
As of July 2014, the national debt for Canada is an estimated 619,674,167,665.25 Canadian dollars. The country owes money to banks, insurance agencies, and investment dealers.
Yes!In Canada, the hospital are free.The insurance pay when you go to hospital so if you have a surgery the insurance will pay them.But if you don't have any insurance IN canada, you have to pay.
British Columbia wanted a wagon route to the head of Lake Superior (in essence, a transport link to the rest of Canada) as a condition of confederation. The condition was agreed and improved: a railroad would be built instead.
no it didn't. it still needs to pay 154 millon pounds of debt.
Yes it did as WW1 gave Canada more job opportunities, and brought us out of a recession. It increased our manufacturing sector by a good deal. On the downside though, after WW1, Canada was in debt.
If no legal action is being taken against them and they have the money or ability to pay the debt then maybe. Each case needs to be looked at on it's own. He cannot use Canada to hide from his debt.
Canada is actually $547,447,000.00 in debt.
UK and Finland.
Finland
pride
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
Someone can learn how to reduce debt from a number of websites such as Debt Canada. Debt Canada provides individuals and businesses with debt counselling services.
If your spouse co-signed the debt, they will have to pay your debt. In most cases, the answer will be no, it is your debt and you are responsible.
because they ere in debt from ww1
Canada was one of the main Allies in both WW2 and WW1.