OTTAWA - Canadian businesses have enjoyed a number of tax cuts over the last 12 years, and could soon see their Tax Freedom Day shift back into January. On January 25th the Canadian Labour Congress released a new study on the tax liabilities faced by Canadian companies, claiming that corporate income tax collections are making up a decreasing amount of the government’s cumulative revenues. According to the report, in 2010 Canadian businesses saw Corporate Tax Freedom day (CTF) fall on February 1st, and ... Read More

The Canadian Finance Minister has given a speech on Wall Street touting Canada as a new low-tax jurisdiction for American businesses wishing to operate on the international market. In an effort to woo a greater numbers of international investors to Canada, the Finance Minister Jim Flaherty gave a speech in New York on June 15th, espousing the country’s economic and taxation benefits. According to the Minister, Canada is the lowest taxed jurisdiction for businesses among all of the G7 nations. He went on ... Read More

The Conservative Party of Canada has won a majority position in parliament in the latest national general election, paving the way for a pro-business policies by the government, and promising tax cuts in the near future. Following the Canadian general election on May 2nd, Stephen Harper has been confirmed as the Prime Minister of the country for the third time, and as the leader of the now majority ruling Conservative Party. Holding the majority position in parliament is a new advantageous reality ... Read More

With nearly two thirds of Canadians now being regarded as overweight or obese, a fresh round of debate has sparked up over the taxation of “fatty foods” or “fat taxes”. Heated debates are currently going on across Canada, regarding the possibility of a “fat tax” to positively influence national eating habits. Currently the discussions revolves around two primary ideas, raising levies on unhealthy foods, and overhauling the country’s system of taxes on food items. In Canada some foodstuffs are exempt from Goods and Service ... Read More

The escalating dispute over the future of Canada’s corporate tax rate could cause an early general election, if the ruling Conservative Party is not able to drum up support for its tax plans, and pass the upcoming budget. During a press conference in Oshawa, Ontario on January 26th, the Finance Minister of Canada Jim Flaherty discussed potential changes to Canada’s corporate tax rates, and revealed the government's intention to instate personal income and corporate income tax rate cuts in the near future. ... Read More