financial risk

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The 10.5 per cent small business tax rate on the first $500,000 of income creates an incentive for many Canadian firms to stay small.

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Unlike individuals or companies, governments in Canada and elsewhere commonly self-insure against risk. This means rather than purchase insurance externally, most governments accept the risks and associated costs. While this can be the most effective way for government to manage day-to-day risk, as we have seen from recent earthquakes in Japan and New Zealand, catastrophic events are another matter altogether.