Tax News

Why the foreign buyers tax isn't making Vancouver more affordable - Macleans.ca

Tax News - 3 hours 50 min ago

Macleans.ca

Why the foreign buyers tax isn't making Vancouver more affordable
Macleans.ca
Vancouver is one of Canada's most attractive cities, but it also boasts one of the country's strongest local economies. Job creation and good wages means more people want to live in Vancouver. A growing population adds demand for housing and in the ...

Categories: Tax News

How resource rich countries get ripped off - National Union of Public and General Employees

Tax News - 5 hours 41 min ago

How resource rich countries get ripped off
National Union of Public and General Employees
While the report only included 2 Canadian examples of tax avoidance by mining, oil and gas companies, the lost tax revenue was in the billions. Both companies shifted profits to subsidiaries in tax havens. By selling uranium at below market rates to a ...

Categories: Tax News

Jack M. Mintz: Land transfer taxes hurt competitiveness and fail to reduce speculation - Financial Post

Tax News - 9 hours 48 min ago

Financial Post

Jack M. Mintz: Land transfer taxes hurt competitiveness and fail to reduce speculation
Financial Post
In Canada, most provinces impose taxes on the transfer of ownership in real estate, called land transfer taxes. The rates vary from 0.2 per cent in Alberta (almost like a registration fee) to 5 per cent in Toronto where the City of Toronto doubles up ...

Categories: Tax News

Jack M. Mintz: Land transfer taxes hurt competitiveness and fail to reduce speculation - Financial Post

Tax News - 9 hours 48 min ago

Financial Post

Jack M. Mintz: Land transfer taxes hurt competitiveness and fail to reduce speculation
Financial Post
In Canada, most provinces impose taxes on the transfer of ownership in real estate, called land transfer taxes. The rates vary from 0.2 per cent in Alberta (almost like a registration fee) to 5 per cent in Toronto where the City of Toronto doubles up ...

Categories: Tax News

More Londoners want taxes boosted than services cut - CBC.ca

Tax News - 12 hours 20 min ago

CBC.ca

More Londoners want taxes boosted than services cut
CBC.ca
The number of people in London satisfied with city services is well below the national average, according to a new survey prepared for the city. While a majority of Londoner's are satisfied with the level of service they receive for their tax dollars ...

Categories: Tax News

Revived amusement tax, other ideas could virtually eliminate 2018 property tax hike: city - CBC.ca

Tax News - Wed, 08/16/2017 - 21:04

CBC.ca

Revived amusement tax, other ideas could virtually eliminate 2018 property tax hike: city
CBC.ca
The City of Saskatoon has again lowered its early estimate for how much more people will pay in property taxes next year, but its employees have ideas on how to bring that hike down to nearly zero. The city is now estimating a 5.77-per-cent property ...

Categories: Tax News

Trudeau's tax proposals will bring much of Canada to a screeching halt - The Suburban Newspaper

Tax News - Wed, 08/16/2017 - 20:57

Trudeau's tax proposals will bring much of Canada to a screeching halt
The Suburban Newspaper
Finance Minister Bill Morneau's proposed tax changes that would go into effect in January 2018 retroactive to July 2017, could quite literally stop Canada. Under the guise of equalizing tax burdens, what the government has done is take dead aim at ...

Categories: Tax News

Michael Wolfson: Ending income splitting would create greater tax fairness - The Province

Tax News - Wed, 08/16/2017 - 11:00

The Province

Michael Wolfson: Ending income splitting would create greater tax fairness
The Province
The proposals would fulfil a Liberal campaign promise to address unfair uses of some arcane provisions of Canada's Income Tax Act. In response, one tax practitioner said in a popular newsletter, “Finance Minister Bill Morneau just announced the Trudeau ...
JENNIFER DUNN: Equal but not fairThe Guardian

all 2 news articles »
Categories: Tax News

Denley: The Liberal tax plan is hardly about fairness - Ottawa Citizen

Tax News - Wed, 08/16/2017 - 09:38

Ottawa Citizen

Denley: The Liberal tax plan is hardly about fairness
Ottawa Citizen
Bill Morneau Minister of Finance Bill Morneau holds a press conference at the National Press Theatre in Ottawa on Tuesday, July 18, 2017. His tax plan, says Randall Denley, is hardly fair. THE CANADIAN PRESS/Sean Kilpatrick Sean Kilpatrick / THE ...

Categories: Tax News

JENNIFER DUNN: Equal but not fair - The Guardian

Tax News - Wed, 08/16/2017 - 08:18

JENNIFER DUNN: Equal but not fair
The Guardian
Fairness is a desirable goal of any tax system, but the current proposals mistake fairness for equality. Private business owners and employees are subject to different tax treatments because they are different taxpayer groups with different needs ...

Categories: Tax News

Kim Moody and Kenneth Keung: Canada's tax proposals read like a class-warfare manifesto against private businesses - Financial Post

Tax News - Wed, 08/16/2017 - 07:14

Financial Post

Kim Moody and Kenneth Keung: Canada's tax proposals read like a class-warfare manifesto against private businesses
Financial Post
On July 18, the Department of Finance released a blockbuster package of proposed tax law changes aimed at private corporations and their shareholders. The proposed changes target common tax management practices available to private business ...

Categories: Tax News

Non-residential speculation tax on non-Canadian citizens credited for calming the market - The Barrie Examiner

Tax News - Tue, 08/15/2017 - 20:07

The Barrie Examiner

Non-residential speculation tax on non-Canadian citizens credited for calming the market
The Barrie Examiner
Cathcart said he doesn't believe the Bank of Canada's interest rate hike in July had as much effect as the provincial government's introduction of the Fair Housing Plan in late April. The 15% non-residential speculation tax on non-Canadian citizens had ...

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Categories: Tax News

After the fall harvest, Canadian farmers could face huge tax hit from new rules - National Post

Tax News - Tue, 08/15/2017 - 20:03

National Post

After the fall harvest, Canadian farmers could face huge tax hit from new rules
National Post
The federal government's proposed tax reform on private corporations unveiled in mid-summer has drawn furious reaction from doctors and other high-income professionals, but there's another group in line for a nasty tax surprise once their busy summer ...

Categories: Tax News

Wynne rejects idea of raising taxes to pay for infrastructure - TheSpec.com

Tax News - Tue, 08/15/2017 - 19:13

TheSpec.com

Wynne rejects idea of raising taxes to pay for infrastructure
TheSpec.com
Ontario residents already pay eight per cent in provincial sales tax and Wynne said she would not entertain raising that figure any higher. "That's not something that I'll consider," Wynne told The Canadian Press in an interview before she was to ...
Lobbying group calls on province to hike HST to fund municipal ...Globalnews.ca

all 18 news articles »
Categories: Tax News

Cameco wins procedural victory in offshore 'transfer pricing' tax battle - Financial Post

Tax News - Tue, 08/15/2017 - 13:39

Financial Post

Cameco wins procedural victory in offshore 'transfer pricing' tax battle
Financial Post
The Minister's request relates to audits of Cameco's 2010, 2011 and 2012 tax returns. In particular, the CRA says it wants more information on how Cameco uses foreign subsidiaries to reduce its tax bills. The process is called “transfer pricing,” but ...

and more »
Categories: Tax News

Health care's free in Canada, right? Wrong, and you're paying a lot more than you think - Financial Post

Tax News - Tue, 08/15/2017 - 11:01

Health care's free in Canada, right? Wrong, and you're paying a lot more than you think
Financial Post
The Fraser Institute's researchers — Feixue Ren, Milagros Palacios and Bacchus Barua — looked at how much people paid in taxes each year and then assumed that 23.5 per cent of that money went to health care. How come 23.5 per cent? Because that's ...

Categories: Tax News

Drop in Toronto luxury sales drags down Canadian home prices - The Globe and Mail

Tax News - Tue, 08/15/2017 - 10:17

The Globe and Mail

Drop in Toronto luxury sales drags down Canadian home prices
The Globe and Mail
The slowdown marked the fourth consecutive time that sales volume fell month over month in Canada. Economists say a new tax in Ontario has crimped demand in the GTA while the housing supply crunch has eased. Ontario's 15-per-cent tax on foreign ...
Toronto casts shadow over nation's home sales, but realtors see signs market bottoming outFinancial Post
Canadian biathlon coach Richard Boruta dies in climbing accident in AlbertaNews1130
Average price of Canadian home sold in July inched down 0.3% to $478696 in past yearCBC.ca
Huffington Post Canada -Reuters Canada -Bloomberg
all 22 news articles »
Categories: Tax News

Canada: Toronto May Tax Cannabis Sales At Municipal Level - Mondaq News Alerts (registration)

Tax News - Tue, 08/15/2017 - 05:27

Canada: Toronto May Tax Cannabis Sales At Municipal Level
Mondaq News Alerts (registration)
In an open letter to Ontario Premier Kathleen Wynne, Toronto Mayor John Tory has indicated that Toronto may tax cannabis sales at the municipal level. In his letter dated July 17, 2017, Mayor Tory expressed the view that the Province should engage in ...

Categories: Tax News

Letter: Keep it simple - Orillia Packet & Times

Tax News - Tue, 08/15/2017 - 04:32

Letter: Keep it simple
Orillia Packet & Times
While Maxime Bernier campaigned for Conservative party leader, he had visions of less complicated government with simpler rules to run Canada. Canada's rules for income tax are the second-most complex in the world — second only to the U.S.A.'s.

Categories: Tax News

Cabinet orders CRTC to review decision to decrease spending on Canadian TV programs - Financial Post

Tax News - Mon, 08/14/2017 - 17:59

Financial Post

Cabinet orders CRTC to review decision to decrease spending on Canadian TV programs
Financial Post
Ottawa has ruled out an internet tax to fund content. Joly, who has often touted the promotion of Cancon overseas, will reveal a strategy on Canadian content in the digital era in September. She wouldn't say what Cancon quotas will look like under the ...

and more »
Categories: Tax News

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