Four provinces have increased their general corporate tax rates over the last three years, including B.C. and Alberta.
taxes
The Trump administration has significantly improved the business environment in the U.S.
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive.
The new EHT will apply to businesses with annual payrolls of more than $500,000.
Premier John Horgan’s NDP government campaigned on balanced budgets.
The program is designed so Canadians who die early in life subsidize those who live longer.
The increased CPP tax alone translates into $1,624 more in taxes.
Canadian families in the top 20 per cent pay 55.9 per cent of all federal, provincial and municipal taxes.
An escalator that adjusts for inflation is merely maintaining the real purchasing power involved in the charge.
Capital formation in plant, machinery and equipment remains a major factor in growing our productivity and competitiveness.