Canadian Press/Chris Young
One thing I have learned from my cross-Canada tour is that once you get outside of Prime Minister Justin Trudeau's Ottawa, it ain't sunny ways. More and more Canadians are feeling that the system is rigged against them. And one of the most disturbing economic indicators is the rising number of working poor.
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Tax deductions cost $100B annually, and the vast majority help the richer half.
"You don't want to push yourself into a higher tax category."
Granted that Zuckerberg and other wealthy individuals do such public and private acts and structure their affairs to their advantage, my point is that most people will do the same and nobody does anything without expecting something in return, be it material benefits, fame, feeling good about oneself, reward in the afterlife, or other tangible and intangible benefits.
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Higher TFSA limit and tax breaks for Canadians with children take up a very large piece of the pie
Children up to six years old will receive $160 per month or $1,920 for the year. Once they turn six, parents will receive $60 per month or $720 per year until the child turns 18. If you are a parent, it can make you excited about your taxes. However, it is not being paid out as part of your tax refund.
There is apparently no shortage of politicians with a not-so-secret Hollywood love affair: they love to throw tax sweeteners and direct subsidies at the film industry, this in an effort to lure film production to their province or state. In British Columbia, the existing film tax credit hit the provincial treasury for $331 million in the last year alone.
Over the course of the past six months, I have been investigating the "trickle-down" effect of mentoring in the workplace. The trickle-down effect of mentoring is that it enables employees to be more productive and innovative. This is because behaviour is a function of the relationship between people and the environment.
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The conclusion of a study in the Canadian Tax Journal that Tax Free Savings Accounts (TFSAs) have become yet another tax break that favours high-income Canadians should come as no surprise. Since 2006, the Harper government has worsened the alphabet soup of exemptions and tax credits that passes for our tax system, by essentially bribing certain segments of the population.
OTTAWA - There may be no free lunch, but a government-subsidized meal or NHL hockey ticket is another matter.The Finance Department estimates that individuals cost the federal treasury $180 million by...