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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.
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What were some of Canada's achievements WW1?
That they won the war and that they can fight and still have peace again
Can you cross the US border from Canada with outstanding debt?
yes
How much is Canada's national debt?
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.
Is free surgery possible in Canada?
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.
What condition of British Columbia joining Canada as a province?
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.
Did Serbia pay off the WW1 debt?
no it didn't. it still needs to pay 154 millon pounds of debt.
Did World War 1 help develop Canada's Economy?
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.
One of your friends has debt and they want to move from the US to Canada would they still be able to move from the US to Canada with this 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.
How much is Canada is in debt?
Canada is actually $547,447,000.00 in debt.
What country was first to pay World War 2 debt to US?
UK and Finland.
What country paid entire ww1 debt to America?
Finland
What did Canada achieve in WW1?
pride
What is the debt collection in Canada and the US?
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
How can one learn how to reduce debt?
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.
Will your spouse have to pay for your debt if you stop paying on it?
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.
Why did Germany want war to start?
because they ere in debt from ww1
Who Canada fight with in world war 2?
Canada was one of the main Allies in both WW2 and WW1.
