For most goods bought online in Canada, the GST/HST rate is the rate of the province or territory where the goods are delivered or made available. A seller in Manitoba who ships a laptop to Halifax charges Nova Scotia’s 14% HST, not Manitoba’s 5% GST plus 7% retail sales tax. If the buyer picks the…
How much income you need to buy a house in Canada depends on the province. A typical home in New Brunswick and a typical home in British Columbia are not the same purchase, and the mortgage stress test treats them that way. This page uses July 2026 typical-home (benchmark) prices, then estimates the gross household…
Compound interest is interest earned on both the original amount of money and on the interest that has already been added to it. In plain terms, it is interest on interest. This mechanism produces growth that accelerates over time because each period’s interest becomes part of the base for the next calculation. Consider a basic…
Things in Canada still cost more than they did a few years ago. They are just not going up as fast. In July 2026, the average price of everyday stuff was 3.0 percent higher than in July 2025. In June, it was 2.8 percent higher. That comes from Statistics Canada. That 3 percent is the…
Global supply chains are the systems that connect countries and companies to produce, transport, and deliver goods around the world. Almost every product we use today—from smartphones and clothing to food and vehicles—relies on a global network of production and logistics. This article explains what global supply chains are, how they work, why they matter,…
Economic inequality is one of the most significant challenges in the modern global economy. While overall wealth has increased in many countries, the distribution of income and assets remains uneven, with significant gaps between high-income and low-income groups. This imbalance affects economic stability, social outcomes, and long-term development worldwide. Understanding what economic inequality is, why…
Cryptocurrencies are digital assets designed to function as a medium of exchange or store of value using cryptography and decentralized networks. Unlike traditional currencies issued by governments and managed through central banks and commercial banks, most cryptocurrencies operate on distributed systems that do not rely on a single central authority for clearing and settlement. The…