Socialism in Canada

Socialism in Canada

´╗┐There are several aspects that indicate that Canada is becoming a socialist country. The following are examples of socialism in Canada.
1. The Old Age Security program which is the Government of Canada's largest pension program. It is funded out of the general revenues of the Government of Canada. It is being a monthly payment available to most Canadians 65 years of age who meet the Canadian legal status and residence requirements (Unknown, 2016).
2. Child and family benefits Programs which are payments meant to help individuals and families. The Canada Revenue Agency (CRA) administers these payments and related provincial and territorial programs. Examples of these benefits are the following (Unknown, Child and family benefits, 2016):
a. Canada child benefit which are monthly payments given to families who have children under 18 years old. The amount of these payments is decided by Canada Revenue Agency based on the family net income.
b. Goods and services tax/harmonized sales tax (GST/HST) credit
c. Provincial and territorial benefits and credits such as Ontario trillium benefit (OTB)
d. Working income tax benefit: This is a refundable tax credit intended to provide tax relief for eligible working low-income individuals and families who are already in the workforce. It is also intended to encourage Canadians to enter the workforce.
3. Low income families support programs which are programs subsidised by the local municipalities in order to provide child care for working or studying parents. Furthermore, the City of London, for example, subsidizes children summer camps for those whose income is very low.
Finally, I believe that the government of Canada has utilized the good principals of socialism and left out the bad ones such as giving the government the authority to control all economic resources in the country. Thus, Canada has blended capitalism and socialism in one pot in order to improve the lives of its citizens and residents.
References...

Similar Essays