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There was a lot of political noise emanating from various provincial capitals over the last year regarding capital taxes, tax essentially assessed on the debt and equity of a company. BC boldly announced it would eliminate its general corporate capital tax. Quebec committed to more than halving the applicable rate. Saskatchewan, the country’s largest user of capital taxes announced it would increase the threshold at which it applies. And yet, after looking at the most recent data, the most striking feature is how little things have changed in 2002.