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Article

Sustainability in Canada

Sustainability is the ability of the biosphere, or of a certain resource or practice, to persist in a state of balance over the long term. The concept of sustainability also includes things humans can do to preserve such a balance. Sustainable development, for instance, pairs such actions with growth. It aims to meet the needs of the present while ensuring that future people will be able to meet their needs.

Article

Political Party Financing in Canada

The financial activities of political parties in Canada were largely unregulated until the Election Expenses Act was passed in 1974. Canada now has an extensive regime regulating federal political party financing; both during and outside of election periods. Such regulation encourages greater transparency of political party activities. It also ensures a fair electoral arena that limits the advantages of those with more money. Political parties and candidates are funded both privately and publicly. Election finance laws govern how parties and candidates are funded; as well as the ways in which they can spend money. (See also Canadian Electoral System.)

Article

Economic Immigration to Canada

Canada’s current and future prosperity depends on recruiting immigrants. Newcomers fill gaps in the Canadian workforce, build or start businesses and invest in the Canadian economy. Economic immigrants include employees as well as employers. They mostly become permanent residents when they immigrate to Canada. Not included in this class are the many temporary foreign workers who contribute to Canada’s economy.

Economic immigrants bring talent, innovation, family members and financial investments to Canada. They also enrich the country’s culture, heritage and opportunities. Technological progress, productivity and economic growth all benefit from these newcomers. Studies show that they have little to no negative impacts on wages for other workers in the country.

The 2016 Census identifies 2,994,130 economic immigrants in Canada. This represents about half of the total of 5,703,615 immigrants counted in that survey. (See also Immigration to Canada.)

Article

Carbon Pricing in Canada

Carbon pricing refers to a cost that is imposed on the combustion of fossil fuels used by industry and consumers. Pricing can be set either directly through a carbon tax or indirectly through a cap-and-trade market system. A price on carbon is intended to capture the public costs of greenhouse gas (GHG) emissions and shift the burden for damage back to the original emitters, compelling them to reduce emissions. In 2016, Prime Minister Justin Trudeau announced a national climate change policy that includes a system of carbon pricing across Canada. Provinces can either create their own systems to meet federal requirements or have a federal carbon tax imposed on them. Nine provinces and territories have their own carbon pricing plans that meet federal requirements. Ottawa has imposed its own carbon tax in Alberta, Saskatchewan, Manitoba and Ontario.

Article

Canada Pension Plan

The Canada Pension Plan (CPP) is an earnings-related public pension plan. The CPP makes a monthly payment to Canadians and their families to partially replace their income after retirement, disability or death. Working Canadians make regular contributions to the CPP in order to be eligible. The CPP covers all Canadian workers except those in Quebec who are covered by the parallel Quebec Pension Plan (QPP). The Canada Pension Plan Investment Board (CPPIB) manages CPP assets, making it one of the largest pension fund managers in the world. As of 31 March 2021, CPPIB ended its 2021 fiscal year with net assets of 497.2 billion.

Article

G7 (Group of Seven)

The G7, or Group of Seven, is an international group comprising the governments of the world’s largest economies: Germany, France, Italy, Japan, the United Kingdom, the United States and Canada. It was founded as the G6 in 1975 and became the G7 with the addition of Canada in 1976. The Group is an informal bloc; it has no treaty or constitution and no permanent offices, staff or secretariat. The leaders of the member states meet at annual summits to discuss issues of mutual concern and to coordinate actions to address them. The meeting location and the organization’s presidency rotates among the members. The European Union is also a non-enumerated member, though it never assumes the rotating presidency.