An LLC can be taxed either as a pass-through entity, like a sole proprietorship or partnership, or as a regular corporation. By default, an LLC is taxed as a pass-through entity, where the owners just pay taxes on the profits of the LLC at their individual tax rates. This is different from a regular C Corporation, which pays a corporate tax on its net income before distributing profits to the stockholders (the owners) as dividends.
Canada has a mixed economy. It can also sometimes be called a consumer-based economy, or a demand economy. This means that goods and services are produced based on demand: what consumers are willing to buy and the prices we are willing to pay.anada has a mixed economy. It can also sometimes be called a consumer-based economy, or a demand economy. This means that goods and services are produced based on demand: what consumers are willing to buy and the prices we are willing to pay.
Canada is a developed country and has the tenth highest nominal per capita income globally as well as the ninth highest ranking in the Human Development Index. It ranks among the highest in international measurements of government transparency, civil liberties, quality of life, economic freedom, and education.