This publication provides detailed country notes on Value Added Tax/Goods and Services Tax (VAT/GST) and excise duty rates in OECD member countries.
“I congratulate Prime Minister of Canada Justin Trudeau, President of the European Council Donald Tusk, and President of the European Commission Jean-Claude Juncker on the signature of the Canada-EU Comprehensive Economic Trade Agreement (CETA). The deal comes at a crucial time when slowing trade growth and low investment are contributing to the weakness of the global economy.
Canada’s productivity performance has lagged that of many other OECD countries, despite some improvement in recent years.
Small business dynamism is a feature of an SME sector that contributes to overall productivity growth, not an end in itself.
Local housing markets are presently highly disparate in Canada. While in most smaller localities real estate prices are fairly stable and not out of line with the fundamentals (incomes and rents), 10 of the 15 large Census Metropolitan Areas monitored by the Canada Mortgage and Housing Corporation (CMHC) show signs of overvaluation, and seven show moderate or strong evidence of overbuilding.
The Secretary-General attended and made remarks at the Conference of Montreal “Shaping a New Era of Prosperity”, organised by the International Economic Forum of the Americas. He presented the 2016 OECD Economic Survey of Canada, alongside Mr. William Francis Morneau, Minister of Finance of Canada, and released a report on employment in Montreal with Mr. Denis Coderre, Mayor of Montreal.
The Canadian economy is adjusting to the fall in commodity prices, but additional policies are needed to boost productivity, reduce financial stability risks and make future growth stronger, greener and more inclusive, according to a new OECD report.
The latest OECD Economic Survey of Canada, to be published on Monday 13 June, discusses how the Canadian economy is adjusting to the fall in commodity prices. The Survey assesses future growth and employment prospects as the economy shifts toward non-resource-based activity, including policies for accompanying this transition.
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook.
English, PDF, 365kb
The growth rate in health spending per capita in Canada has slowed down markedly in recent years, being close to zero in real terms since 2011. Life expectancy in Canada is one year higher than the OECD average, but rising alcohol consumption and obesity rates are growing risk factors to health. Canada could further improve the quality of care in order to cope better with rising prevalence of chronic diseases.