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The money that pour into tax havens does not stay there, but is invested in various countries. However, any financial flow through a tax haven makes it tax-free, and any return on it tax-free as well. Corporations and wealthy individuals invest their finances through tax havens to avoid paying taxes or reduce their tax burden. Canada is no more immune to it than any other country.
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If you're retired and living off the interest you receive from your fixed income investments (regardless of what the interest rate is), your capital is dropping in value every day. This drop in value is not noticeable on your statement, but is certainly noticeable when spending your money.
Like a plant needs water, every business requires a great deal of working capital to grow. However, getting access to capital has historically been a problem for small- and medium-sized businesses in Canada. Here's how Canadian companies can use smart cash flow management to fund their growth and build a competitive advantage.
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