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Other banking institutions

However from mid 1980s the most striking manifestation of undermining existing for many decades, the division of functions between the “four pillars” of canadian Finance and credit expansion becomes turbulent in the country of a totally new type of Canada financial institutions – a widely diversified investment banking firm, or, in the terminology of canadian specialists, “trading Bank”.
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The rapid development of this type of financial institutions largely due to the fact that “the trade Bank” almost not covered under existing legislation regulating the area of Finance in Canada, and primarily under laws restricting the rights of investors to buy large (over 10%) packages of voting shares of financial companies...

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Commercial banks of Canada

The main link of credit system of Canada consists of private commercial, or preferred, banks. They have a huge impact on the structure of private investment and consumer spending in the country, allowing industrial, commercial and other enterprises.
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During its existence, the commercial banks are constantly concentrated, i.e. occurred mergers and acquisitions, their numbers are reduced, but financial strength was increased. The canadian law on banks, created by an English Park, was instrumental in the organization of major banks and their branches in the provinces, which allowed banks to maneuver funds in different geographical locations.

Commercial banks are Deposit Canada, they include promissory notes, accept deposits, open for customers ‘ individual savings and term accounts...

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Matrimony, square footage and vmenenku

If both spouses are registered as entrepreneurs and pay (or want to pay) UTII, they often attempt to optimize physical performance to fit their vmenenku.

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And tax, of course, trying to prove the fictitious nature of these transactions and assess additional taxes to businessmen BASED on. Sometimes they do, sometimes not. And it’s not even that “optimization” is a spouse, even if initially that is what caught the attention of inspectors. So, the tax authorities win the case in court if they are able to prove that in fact no separation of the “joint” trading object between entrepreneurs-spouses was not, the activity was conducted in one businessman throughout the sales area exceeding 150 sq. m...

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The Central Bank of Canada (Bank of Canada)

The Bank of Canada is the Central issuing Bank of the country.

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It was established as a joint stock company, but holders of its shares could not be commercial banks and their employees, as well as foreigners. The government of Canada during the 1935-1938 he bought from private owners owned their shares, thereby strengthening the Bank as the Central. It defines the activities of the Federal government, which appoints the Board of Directors. The Board of Directors includes the Deputy Minister of Finance. The Bank of Canada reports regularly to the Parliament on its activities.

The main functions of the Bank of Canada are: the regulation of monetary circulation and credit; the maintenance of a rate of national currency against other currencies; the mobilization of the level of prices, level o...

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The banking system of Canada

Credit system of Canada has a complex institutional structure, the creation of which had a strong influence credit systems of the USA and the UK. These countries aspired to strengthen its position in Canada by means of mastering national sources of financing.

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Credit institutions emerged in the colonial period, the functions of bankers performed a trading company. In Canada acted in various branches of foreign credit institutions. First commercial Bank of Canada was established in 1817 – “the Bank of Monreal”. Then there is a number of specialized institutions: insurance companies, trust and mortgage companies, etc.

The first world war had a strong impact on the strengthening of commercial banks, followed by a more rapidly evolving non-banking institutions: Finance company sales in ins...

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