Government Spending & Taxes

4:30AM
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Morneau raised the top personal income tax rate from 29 to 33 per cent.


10:07AM
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If you tax all consumption without exception, you can get the same tax revenue with a lower rate.


5:30AM
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From 2015 to 2017, Canada ranked second lowest among 17 comparable countries in annual investment as a percentage of GDP.


10:26AM
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Like all taxes, a carbon tax imposes its own burdens and amplifies the economic costs of all other taxes in the economy.


5:00AM
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When federal and provincial/local revenue shares are combined, the tax revenue-to-GDP ratio is close to 40 per cent.


8:48AM
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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.


11:00AM
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In the last 37 fiscal years, the province has only posted seven budget surpluses.


12:53PM
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Business owners must spend significant amounts of money on accountants and lawyers to navigate the tax code.


8:59AM
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In the House of Commons on Tuesday, the prime minister admitted that many middle-class Canadians are now paying more taxes.


5:00AM
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The Trudeau government is pressing ahead with contentious reform plans for small business taxation.


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