Largest share of household budgets goes to personal taxes
Robson says Canada should be hub of talent, investment and innovation
Change leads to the removal of the withholding tax on the interest corporate borrowers pay foreign lenders
Albertans like their cowboy hats big, their steaks bigger and their taxes simple. That’s the consensus from a panel of experts in the only province in Canada with a flat provincial income tax rate.For the past six years, residents of Canada’s fastest-growing economy have paid a 10% tax on their income, regardless of whether they […]
With a federal election just a failed non-confidence vote away, the Canadian Taxpayers Federation has presented some possible campaign fodder should the governing Tories be forced to drop the writ.The Ottawa-based advocacy outfit released a report on Jan. 17 calling on the federal government to move from four income tax rates down to two. The […]
Applause erupted at a mutual fund forum in Toronto today when keynote speaker Steve Forbes suggested Canada could be a “beacon to the world” if only taxes were slashed.“You would have a long term boom, capital flowing in, brains being unleashed in a way never seen before,” said the president and CEO of Forbes Inc. […]
First step is to move from four rates to two
Report cautions the finance minister not to make the same mistake next time
While Canada ranks 99th out of 178 for total tax rate and fairs moderately well in ease of paying taxes and administering taxes there is room for improvement in Canada’s corporate taxation system, says PricewatershousCoopers (PwC).The study from the World Bank, IFC, and PwC concludes that there is a win-win opportunity for governments and firms […]
Amendments aimed at aligning tax law with new ASB standards