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Inflation is a serious economic problem that many nations have had to face. Inflation is defined as a sustained and widespread rise in prices across a wide range of goods and services. Due to inflation’s persistent uptick in recent years, Canadians have had to pay more for basic necessities while seeing their buying power erode. The government has taken numerous measures to address this problem, the most important of which is the development of a prudent fiscal plan. A well-thought-out financial budget is a crucial weapon in the battle against high inflation in Canada. It helps people keep tabs on their income and expenses, as well as their savings and investment portfolios. Canadians can see precisely where their money is going and better prepare for the future thanks to financial budgets, which allow them to make more educated choices. Setting financial objectives, keeping track of income and expenditures, and creating…

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Canada’s alcohol industry dates back centuries, and the government’s role in controlling it has changed drastically throughout the years. The liberal government over the last several years has established policies to artificially inflate the price of alcohol and keep it there via taxes. To encourage more responsible drinking, the government may now impose tariffs on alcoholic beverages and place limits on their availability. Canada’s alcohol tax was not instituted by the Liberal government. Many changes have been made to the federal excise tax since its inception in 1927. While the federal government still collects taxes on alcoholic beverages, it has given pricing discretion to the provinces in recent decades. To prevent underage drinking and increase revenue, the federal government has frequently increased the excise price on alcohol. Excise taxes on booze are commonplace at the national level. Two major types of alcohol taxes are “specific” taxes and “ad valorem” taxes.…

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