The $40-billion reason Canada needs real corporate tax reform
In June 2019, a report on international tax avoidance by multinational corporations was generated by PBO or Parliamentary Budget Office of Canada. According to this report, Canadian corporations are not paying about $25 billion of federal income taxes every year.
Trudeau vows to boost Canada child benefit, make parental leave tax-free
The Liberals are bringing forward quite an unputdownable offer for the Canadians, in their upcoming elections. As per the reports, Justin Trudeau, leader of the Liberal party, has promised to exempt tax burdens from parents, and provide a 15-week leave
How can Canada lower its excessively high personal tax rates for all incomes and still generate revenue?
Though the Carter commission was initially created with the best intentions for the Canadians, however with time, these economic changes have further worsened the tax policies in Canada, making it far more complicated and burdening. As the tax system in
Canada passes bill to fight international tax avoidance
The constant efforts of the Canadian government to deal with international tax avoidance are finally showing results, as the latest tax bill passed by them has received royal approval, and are on its way to becoming sanctioned as a law
Why Canada is the best country in the world for expats?
In the last five years, several survey groups have evaluated the best and worst nations for expats. During this period, Canada has always retained a position among the top 10 best nations for expats. Hence, expats tax consultants in Toronto
Santa Claus lives and pays taxes in Canada – Government affirms!
If you believe that the friend of your child, the Santa Claus or Saint Nicholas, was a Christian Bishop of Greece, then maybe you should think twice. Various Canadian government firms and institutions are saying that Good Old Santa is
Department of Finance Canada consulting on draft proposals to improve tax system
To strengthen the fundamental structure of the economy, there was a demand to make Canada’s tax system fair and efficient. Common citizens and business houses have asked for an economic structure that will work for everyone. Each and every Canadian
Another city in Canada allows residents to use Bitcoin for property tax bills
Bitcoin is a type of currency which is used digitally. You can also call it a virtual currency that can be used to make transactions in the virtual world. Uses of bitcoins are earning popularity no doubt, but, many nations
Canada ranked in $186 million in 5 1/2 months from taxes on cannabis
Since the last few decades, in Canada, the illegal market of cannabis has been growing at a rapid pace. After some medical experts pointed out the health benefits of cannabis, the Canadian government has wasted no time to legalize the
While corporate tax rates fall in Canada, taxes for ordinary citizens go up
The observations of each and every tax consultant in Toronto have found that people earning less have to pay taxes at lower rates. But, a few other statistics show that taxes for ordinary citizens are going up, while corporate tax