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Regulations

The Unintended Consequences of Taxes on Tobacco, Alcohol and Gambling

"Sin taxes," as they are known, are taxes that are levied on a certain number of products that governments consider harmful like alcohol, tobacco, gambling and certain foods that are high in sugar or fat. In 2012, the average Canadian family paid 5.3% of its total contributions to government in the form of taxes on alcohol, tobacco, entertainment and other excise taxes.

Bitcoin: More Than a Currency, a Potential for Innovation

Bitcoin digital currency has attracted the regular attention of the financial press for the past several months. Its price fluctuates enormously, influenced by new innovative developments but also by positive or negative decisions by governments and central banks concerning its use. Is the Bitcoin system here to stay and become an integral part of our economic lives? Whatever the outcome of this particular experiment, the innovations made possible by new information technology have the potential to revolutionize monetary and financial matters.

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