Canada Tax

How to Think About Taxes

Tim Paziuk | Posted 06.06.2014 | Canada Business
Tim Paziuk

Unlike the average Canadian, I consider myself a tax nerd. It's front and centre in my thoughts for most of my waking hours. Now you might find that boring and weird, but it's people like me who are trying to help people like you. Here's a simple example of how my brain thinks about taxes.

Four Reasons To Do Something Boring With Your Tax Refund

Peter Lewis | Posted 07.02.2014 | Canada Business
Peter Lewis

Investing in an RESP early on can give you peace of mind knowing that money is there to help fund your child's education. The earlier you start, the more your savings can benefit from the power of compounding. If you start investing $210 every month for your newborn, their RESP could be worth as much as $30,743 more than if you start when your child is five.

The Budget that Canada Should Really Be Worried About

Cameron Fenton | Posted 04.09.2014 | Canada Politics
Cameron Fenton

The ecological and physical consequences of blowing our carbon budget, from disappearing coastlines to a melting arctic, are stark but often hard for someone like Minister Flaherty to understand. This ignorance, willful or accidental, is dangerous because it is also obscuring major economic consequences.

A Junk Food Tax Belongs in the Junk Bin

Nadeem Esmail | Posted 09.14.2013 | Canada Politics
Nadeem Esmail

Health associations have long been calling for a "fat tax"; taxes on foods that some nutritionists and researchers don't want us to eat or drink. Unfortunately, the lack of sound thinking behind vilifying sugary drinks or less healthful snacks has not changed, nor has the blunt, imprecise, and unfair nature of a "junk food" or "sugary drink" tax. Overly simplistic solutions to obesity that vilify an industry or food product are bad public policy. The reality is that "junk food" taxes or sugary drink taxes are ineffective instruments that fail to recognize the complex and manifold causes of obesity. It's time we put the idea of such taxes in their rightful place: the junk bin.

Canada Today: Not What the Founding Fathers Envisioned

Mark Milke | Posted 08.28.2013 | Canada Politics
Mark Milke

Canada is a superb creation and initial credit for that must, obviously, go to Canada's founding fathers. How we came about is a fascinating tale of seemingly intractable regional disputes resolved, at least for a time, by new institutions and a new country. Thus, today, inter-provincial debates are similar to pre-1867 tussles where one province's citizens complain of how others are on the federal dole courtesy of tax dollars from the more prosperous regions. And all the provinces again regularly press the federal government for more money.

PST Hike Means Higher Taxes and Lower Prosperity for Manitoba Families

Charles Lammam | Posted 08.20.2013 | Canada Politics
Charles Lammam

When Manitoba's NDP government delivered its budget back in April, Finance Minister Stan Struthers ruffled some feathers with his announcement of an i...

Families Spend How Much On Taxes?!

CBC | Posted 06.23.2013 | Canada Business

Canadians spend more money on taxes than basic necessities, according to a report by the Fraser Institute. Roughly 43 per cent of an aver...

If Your Child Has ADHD You Could Qualify for a Tax Credit

Dr. Kenny Handelman | Posted 06.19.2013 | Canada Living
Dr. Kenny Handelman

Canada Revenue Agency (CRA) has a provision for individuals living with a disability to claim a disability tax credit. While this has been in place for a long time, it was just a few years ago that individuals with Attention Deficit Hyperactivity Disorder (ADD/ADHD) were allowed to claim the tax credit, if they meet the criteria as set out by CRA.

Canadians With Lower Income Have Higher Opportunity

Yanick Labrie | Posted 12.09.2012 | Canada Business
Yanick Labrie

We often hear that in Canada, "the rich are becoming richer while the poor are getting poorer." Fortunately, studies focusing on economic mobility in Canada tell a totally different and more accurate story. By looking at these data, it becomes clear that it is the poorest 20 per cent who enjoy the highest upward economic mobility.

Adding PST To School Supplies Part Of $159-Million Tax Grab

Jordan Bateman | Posted 01.22.2013 | Canada British Columbia
Jordan Bateman

When British Columbians rejected the HST in the 2011 referendum, they were promised things would go back to the PST normal. But an independent panel has recommended adding taxes to things that virtually every B.C. family buys -- a plan that will increase our already sky-high cost of living.

Before You Choose a Business Location, Consider Taxes

Elio Luongo | Posted 12.25.2012 | Canada Business
Elio Luongo

There are many variables when examining which country is best for business, whether it be demographics, infrastructure, cost of living or personal quality of life. An important consideration when deciding where to set up shop is total tax costs. The tax landscape is a delicate ecosystem, and even the slightest change can certainly impact a location's overall competitiveness. A competitive tax structure is crucial to attracting inbound investment, spurring innovation, and creating skilled jobs.

It's Time to Revisit (and Replace) Some of Those Insurance Policies

Andrew Pyle | Posted 07.30.2012 | Canada Business
Andrew Pyle

A lot of Canadians have no life insurance. Those who do often have excessive or expensive policies that they just don't need. In this economy, it's time Canadians go through their desk drawers and purge some of those useless, costly policies, and replace them with new ones.

Some Canadians Paying Extra Taxes To Help Pay Debt

CBC | Posted 06.27.2012 | Canada Business

Every so often, Public Works Minister Rona Ambrose sits at her desk, takes pen in hand, and in her role as Receiver General, writes a let...

Death And Taxes: Car Accidents Increase On U.S. Tax Day

CP | Lindsey Tanner, The Associated Press | Posted 06.11.2012 | Canada Living

CHICAGO - The two certainties in life — death and taxes — may be more intertwined than Ben Franklin ever imagined: A study found that deadly auto ...

Should There Be GST On Food?

CP | Julian Beltrame, The Canadian Press | Posted 04.25.2012 | Canada Business

OTTAWA - Two of Canada's leading economists want Ottawa to reopen one of the hottest issues of the last two decades by expanding the GST to include fo...

Will a Junk Food Tax Work in Canada?

Michel Kelly-Gagnon | Posted 11.11.2011 | Canada
Michel Kelly-Gagnon

Obesity has become a "collective" issue that presumably concerns us all. Just last week, a coalition of health and education experts repeated their call for the Quebec government to introduce a sugar tax on soft drinks and so-called "energy drinks."