Grant: investment Tax Payer
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Canada’s Economy Still Need Stimulus
So, all the economic news about the resilient economy of Canada in this world wide recession is over?
According to Bank of Canada, the economy is suffering from low productivity and high Canadian dollar with resulting falling exports.
In a statement the Bank of Canada said “The global economic recovery is proceeding largely as expected, although risks have increased.”
I cannot justify the above positive statement by what the bank said afterwards which is closer to the reality of global economy.
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Income Tax: Tax Payer US Tax
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Income Tax Is The Divider In US Senate
Here is one glowing example of how important Income Tax is in our daily life and politics.
As a country U.S. is in a dire economic situation.
After all the news, views of political pundits that recession is over, they got a so called “shock of a lifetime” with U.S. labour market job data.
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Income Tax
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Comments Off on What is Canadian Corporation Small Business Income Tax Deduction?
What is Canadian Corporation Small Business Income Tax Deduction?
The Small Business Deduction is a reduction in corporate taxes for Canadian Controlled Private Corporations or CCPSs. It is great tax incentive for Canadian corporations to increase investment and employment. The favourable reduced corporate tax rate is available on active business income up to the corporation’s business limit for the year.
Eligibility for the small business deduction also depends on the amount of corporations taxable capital employed in Canada.
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BC Province HST: Tax Payer
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BC HST Rate Cut is Win-Win for Everyone
HST in BC is on the verge of elimination. News is Ottawa is already in talks with Victoria how to fold down HST and get the $1.7 billion back. That was the incentive Ottawa paid to Victoria for introducing HST.
Undoubtedly HST is good for both Businesses and Consumers. Businesses are immediately saving 7% PST with the introduction of HST. Unfortunately consumers have not been able to get the benefits of this savings due to the reluctance of many business owners to pass on the savings. The pricing change of products and services or the job creation due to HST has not taken effect as promised by the finance minister. Sure, it created a lot of anger among the consumers.
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BC Province: Property Tax Real Estate Tax
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Comments Off on Why Translink Evergreen Line Home Owners Should Pay Higher Property Tax ?
Why Translink Evergreen Line Home Owners Should Pay Higher Property Tax ?
Cities without access to world class public transit system, like Translink Skytrain and Bus network system, want huge capital investment in their cities and make their cities more accessible by public transit.
Translink Evergreen Line is a necessity for vast amount of people, who would love to leave their car at home and take public transit.
Translink does not have enough money to cover the cost of this new skytrain line. To make the dream of Evergreen line come true, along with Federal and Provincial Government, Cities covering the Evergreen line must also contribute to this construction funding.
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