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Market thrives from rich supply of iron, ore, nickel, zinc, copper, gold,
hydropower, petroleum, lead, fish, wildlife and coal
Oil-based economy
Public Property: Canada is a large country with a Public Property: all private property is subject to
land area of 9.985 million km^2. 89% of this land sharia law, and because the government is
is publicly owned by the government for the non secular, the state can claim a lot of
monarch. This is where it gets it name Crown property. Up until 2016, the citizens had
Land.This includes National Parks, Indian limited to no property rights or property
Reserves and Canadian Forces Bases.
ownership.
Economic Equality: The Canada Act of 1982
Economic Equality: the government controls and
amended the constitution to ensure that poorer
regulates most of the exports of the country,
provinces were entitled to economic equalization
payments. This is one example of how Canada's and so the state has become very wealthy
federal and provincial governments redistribute because they are the second leading oil
wealth through tax dollars to strive for economic exporter in the country.
Determine the tax dollars paid to the government
each year.
Canada Saudi Arabia
Universal Health Care system called Medicare is The government is funding a small public
provided to all Canadian citizens based on their healthcare system to provide care to all
territories insurance plan. citizens. They are working to increase
immunization and pharmaceutical programs.
The Old Age Security Program: This is Canada's
largest pension program. It allowed for Social insurance for disability, death, and old-age
Canadian citizens aged 65 or older to receive
pension, for the self-employed.
monthly payments from the government in their
older age. There are however, still some
Special benefits for government workers.
requirements for this program.
Many other social services are available because of the $127.1 being paid in taxes to the government each
year
Equalization payments allow for poorer provinces economies to grow, thus promoting consumer sovereignty
and dollar voting
Tax dollars pay for a large majority of education costs, which creates for a high rate of employment later
Cons:
The tax bracket system allows for simply a $1 difference to change the amount of tax any given citizen pays
from 15%- to 20.5%, 20.5% to 26%, 26% to 29% and 29% to 33%. This dollar can drastically impact the
What are the pros and cons of the taxation system in
Saudi Arabia?
Pros:
Cons: