Canada: One of the World's Wealthiest Nations

Canada: One of the World's Wealthiest Nations

  • Submitted By: remis
  • Date Submitted: 04/26/2011 10:13 AM
  • Category: Business
  • Words: 309
  • Page: 2
  • Views: 493

Canada
Canada consists of 10 provinces and three territories extending form the Atlantic to the Pacific Ocean and is the world’s second largest country in size. Canada is made up of a diverse make up of nationalities and promotes this melting pot through government policies which promote multi-cultures rather than being based on a national ideology such as the United States being founded on and promoting mostly Christian principles. Depending on the province you could see anywhere from a strong French, English or Aboriginal influence. Some of the main stays of Canada’s cultural doctrine are publicly funded healthcare, strict gun control and a higher taxation rate to more equally distribute wealth.
Canada’s legal system is based off of the Constitution of Canada which divides powers between the federal and provincial governments.
Economically Canada is one the world’s wealthiest nations. It is a member of the G8 and the Economic Co-operation and Development (OECD). Canada’s largest trade partner is the US followed by Japan and the United Kingdom. The main source of income for the Canadian economy ids the service industry, employing about 75% of the population.
Canada seems to be a country that tries to maintain the balance off just enough government and tries to ensure as much economic equality as possible through a higher taxation rate and government sponsored health care to distribute income and government resource equally. Canada would seem to be a good place to work if you are in the service industry, looking for government subsidy for such things as health care and are also looking to live in a support not biased multi cultural country. From the setup of their taxation and cultural beliefs it is not necessarily a place to live if you are an entrepreneur or a large corporation looking for considerable tax breaks;

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