Canada Taxes

There's Good Reason to Monitor Government Spending

Mark Milke | Posted 09.26.2014 | Canada Politics
Mark Milke

Too many use Orwellian language to propose something contrary to the public good. But, considering the reality of power, the term "taxpayer" helps people focus on the real cost of political decisions that favour a narrow interest, ones which can injure the good life for everyone else.

Charity Lesson From the Scottish Referendum

Blake Bromley | Posted 09.23.2014 | Canada Politics
Blake Bromley

The referendum in Scotland demonstrates the risks of England denying tax benefits to charities which promote indigenous Scottish values. Canada should have the self-confidence to respect the values and purposes which emanate from Quebec's people and legislature when granting tax benefits to registered charities.

Althia Raj

Harper And Tories May Cut Taxes Sooner Than Expected

HuffingtonPost.com | Althia Raj | Posted 09.15.2014 | Canada Politics

OTTAWA — The Conservative government may announce personal tax cuts as early as this fall, Prime Minister Stephen Harper suggested in a speech Mond...

Nova Scotia Opts for High Taxes Rather Than Fracking

Mark Milke | Posted 09.09.2014 | Canada Politics
Mark Milke

From the fur trade to fisheries and forests, Canada was built on the toil and sweat of those who wanted to prosper. But these days, it's harder to create opportunity. And sometimes, government is to blame. The latest example comes from Nova Scotia.

Why I'm Willing to Pay More Taxes for Mental Health Services

Amanda Reaume | Posted 09.09.2014 | Canada Politics
Amanda Reaume

In Canada, I quickly realized, depression is one of the only life-threatening illnesses that you have to be rich to get proper treatment for. Since 1961, Canadians have taken care of our neighbours, our family, and our friends if they have illnesses like heart disease, or diabetes. But if they're suicidal or depressed? We've basically said tough luck -- deal with it yourself. This while more people are actually suffer from mental health issues each year then heart disease and diabetes combined.

Is Taxation a Migration Driver?

Salman Sakir | Posted 09.02.2014 | Canada Business
Salman Sakir

The recent merger of Burger King and Tim Hortons shows how tax policies may affect the movement of companies.

Quebecers Want to Fight Climate Change But Worry About the Bottom Line

Michel Kelly-Gagnon | Posted 08.29.2014 | Canada Business
Michel Kelly-Gagnon

Quebecers want to fight climate change. But according to a new Léger Marketing poll, they're also concerned about the economic costs of doing so.

How the Government's Interest Payments Are Costing You

Sean Speer | Posted 08.22.2014 | Canada Politics
Sean Speer

Governments must make interest payments on their debt similar to families who pay interest on borrowing for mortgages, vehicles, or credit card spending. These interest payments leave fewer resources available for important priorities such as tax relief and spending on public programs such as health care, education, and social services.

Keep Health Warnings Off Junk Food

Michel Kelly-Gagnon | Posted 08.05.2014 | Canada Business
Michel Kelly-Gagnon

The tendency for governments to increasingly regulate the advertising industry, whether in the name of consumer protection or for health concerns, is already on full throttle. After cigarette packs, don't be surprised if sooner or later you see plain bags of chips on the shelves of convenience stores, or plain-packaged chocolate bars. Politicians stand on a steep, slippery slope that could lead to private property and intellectual property violations, and destruction of brands. The economic consequences should be weighted carefully. And such policies backed by solid empirical data, not merely good intentions.

Tax Increases Don't Always Mean More Money for the Government - Even on Cigarettes

Michel Kelly-Gagnon | Posted 10.01.2014 | Canada Business
Michel Kelly-Gagnon

It is true that smoking is a major public health concern, and one might be tempted to say that the change in behaviour is desirable, whatever the effect on government revenue. Again, Laffer tells us that things are more complicated than it seems. While it is true that some people are deterred from smoking by tax increases, this is not the case of all smokers.

The CRA Should Not Define Poverty's Threshold

Murtaza Haider | Posted 09.24.2014 | Canada Business
Murtaza Haider

The Canada Revenue Agency (CRA) has recently forced Oxfam Canada to exclude "preventing poverty" from their mission statement in order to keep their charity status. Now a fundamental question needs to be answered. Why does the CRA think that charities have to wait for individuals to fall into poverty's trap before the charities can help the disadvantaged? Isn't prevention better than a cure? The bigger concern, however, is with a black-and-white definition of poverty. The assumption that one is not poor one day, but wakes up to be poor the next day is completely flawed.

Ontario's Proposed Budget Is a Step in the Right Direction

Dennis Howlett | Posted 09.16.2014 | Canada Politics
Dennis Howlett

Restoring the corporate tax rate would be a good start. When Ontario began cutting that rate in 2010 it was based on an idea that companies would use the savings for job creation and to develop new markets and products. That has not panned out. Instead Canadian corporations are sitting on $600 billion of hoarded cash that benefits very few.

How Taxes Could Affect the Leafs and Senators Next Season

Sean Speer | Posted 08.27.2014 | Canada Business
Sean Speer

There's a lot of speculation that the Ottawa Senators and Toronto Maple Leafs will be active this free agent season. Both teams failed to make the playoffs last year and will likely pursue new players to get them back into contention. But taxes can be a roadblock to attracting new talent.

Want a Middle Class? Imitate Alberta and Saskatchewan

Mark Milke | Posted 08.16.2014 | Canada Business
Mark Milke

There has been much hand-wringing over the claimed disappearance of the middle class. At the national level important policy such as a stable currency and domestic peace matter to the creation of prosperity and the formation of the middle class. But domestically, consider one issue -- tax rates -- that can be easily compared across provinces and which has an effect upon wealth creation and thus opportunities and jobs.

Are You Happy Working for the Government Until June 9?

Charles Lammam | Posted 08.10.2014 | Canada Politics
Charles Lammam

No one really thinks we should abolish all taxes. After all, how would governments fund important public services that form the foundation of our econ...

Quebec's Budget Is the Next Step in a Recovery Plan

Sean Speer | Posted 08.03.2014 | Canada Business
Sean Speer

As the saying goes, the first step is overcoming denial and the premier's recent comments suggest he understands the magnitude of Quebec's fiscal problems. The next step requires a bold plan to rein in government debt and improve tax competitiveness. The upcoming budget is a chance to move the province forward.

More Taxes Won't Fix Our Fiscal Mess

Michel Kelly-Gagnon | Posted 07.23.2014 | Canada Business
Michel Kelly-Gagnon

Not a day goes by without someone, somewhere, asking for politicians to levy another tax on a particular group -- ''the rich'', drivers, smokers, or taxpayers in general. And with fiscal deficits crippling many provinces -- especially Ontario and Quebec -- brace yourself. You can count on lobbies of all sorts and politicians to come up with ''innovative'' ideas on how to dig deeper into your pockets to pay for their pet projects.

Climate Change Is About To Hit Your Pocketbook... Hard

John McKay | Posted 07.11.2014 | Canada Politics
John McKay

Very little mitigation or adaptation activity is happening at any level of government. For example, the Mayor of the City of Toronto seems to have much more enthusiasm for tax cuts than installation of storm sewers, notwithstanding last summer's catastrophic storm which the TD economists price at $944 million.

The Ontario Budget Is a Train Wreck

Charles Lammam | Posted 07.02.2014 | Canada Business
Charles Lammam

With Ontario lagging behind other provinces on a wide range of economic indicators and recently becoming a "have-not" province, it desperately needed a bold plan to improve competitiveness and foster economic growth. Unfortunately, Thursday's budget failed to deliver and will only exacerbate Ontario's fiscal and economic challenges.

What Ontario's Budget Should Look Like

Sean Speer | Posted 06.30.2014 | Canada Politics
Sean Speer

On May 1 Ontario Finance Minister Charles Sousa will stand in the provincial legislature to deliver this year's budget speech. Imagine if Sousa were to surprise us all and take a different track -- one that sets out a new agenda to return Ontario to its historical position as the economic engine of the country.

The Largest Expense in a Canadian Family's Budget Will Surprise You

Charles Lammam | Posted 06.29.2014 | Canada Business
Charles Lammam

Like other Canadians, you work hard for your money. Faced with essential expenses such as food, clothing, and shelter, your household budget may feel squeezed. But what if we told you, your family's biggest expense is taxes?

Tax Agency Fails To Create New Strategy For Cheats

CP | Dean Beeby, The Canadian Press | Posted 06.27.2014 | Canada Business

OTTAWA - After a three-year effort, the Canada Revenue Agency has failed to produce a new national strategy to combat the underground economy — desp...

Corporate Canada: We Contribute In 'Lots Of Other Ways'

CBC | Posted 06.25.2014 | Canada Business

Corporate Canada is often derided for not paying its fair share in taxes, but one of its top advocates argues that the corporate income tax rate doesn...

More Taxes Buy More Government, Not a More Civilized Society

Mark Milke | Posted 06.25.2014 | Canada Business
Mark Milke

"Income tax has made more liars out of the American people than golf," said the American humourist Will Rogers. Indeed, but let's not stop there. In Canada, debates over taxes, government and civilization lead some journalists and others into the land of make-believe.

If You're 65 or Over, There's a Tax Credit With Your Name on it

Jeff Cates | Posted 06.24.2014 | Canada Business
Jeff Cates

According to Intuit's Canadian Tax Index, since early March the number of seniors filing their taxes with TurboTax Online has increased a remarkable sevenfold. Here are some of the top income tax tips we're sharing with seniors this season.