1.) Income Tax: 95 Years Young
Canadians paid no income tax until 1917. Nothing. Not the rich, the poor, or the corporations. Temporary tax measures brought in near the end of the war were largely seen as a way to nab a few war profiteers were made permanent and increased as the government increased spending on industrial initiatives and veterans benefits.
2.) Tax the rich, tax the poor, but must you tax my brew?
Canada, with an average tax rate of 50% on beer, is the second highest taxed suds-drinking country in the world. The combination of municipal, provincial/territorial and federal taxes draw $4.3 Billion annually.
3.) Penny for your thoughts? Not if there’s 26 of ’em
Legally, you can only use up to a maximum of 25 pennies when paying for products and services.
4.) Only in Canada, you say?
Toronto-Dominion Bank has more branches in the USA than in Canada.
5.) Canada’s first bank
The New Bank of Montreal was Canada’s first bank. It opened on November 3, 1817 in a rented house at 32 St. Paul Street. Now BMO Bank of Montreal, it carries the official institution number 001.
6.) No hablo Inglese
Bank of Nova Scotia has more employees who speak Spanish as their mother tongue than English.
