Capital formation in plant, machinery and equipment remains a major factor in growing our productivity and competitiveness.
business tax
The overall tax rate on new investment in the U.S. may fall to 18.6 per cent compared to 21.6 per cent in Canada.
When established in 1917, Canada’s Income Tax Act contained 3,999 words compared to 1,029,042 words today.
A one percentage point drop in the combined corporate tax rate would increase the average wage of Canadian workers by up to $390.
Non-residential property taxes are up 3.8 per cent in 2016.
Against the backdrop of a sluggish and uncertain economy, B.C. Finance Minister Mike de Jong unveiled a largely status quo budget on Tuesday.
Until recently, there was a consensus in favour of competitive business taxes. But whenever governments are strapped for cash - which is most of the time for most of them, given their voracious appetite for spending - eyes quickly turn to corporate income taxes as an expedient and presumed painless way to extract more revenue. Two provinces raised corporate tax rates in 2013.