Sliding oil prices and a weakening economy will slice into federal revenues and make it increasingly difficult for the government to balance its budget next year as planned.
income tax
Octobre 31, 2014
10:00AM
Prime Minister Stephen Harper recently announced his government will introduce income splitting for tax purposes at an annual cost of roughly $2 billion.
Septembre 25, 2014
10:00AM
“We want Quebecers to pay less tax and taxes,” said Quebec’s premier Philippe Couillard, in advance of recommendations from a special panel tasked to make the province’s tax system more competitive. The window for change appears to be opening, and the premier’s statement is a positive sign.
Août 15, 2014
3:27PM
If you asked average Canadian families what their largest expense is, many would probably say housing. And you can’t blame them. Mortgage and rental payments are a painful monthly reminder of how much we pay for this basic necessity.
Juin 10, 2014
6:00AM
No one really thinks we should abolish all taxes. After all, how would governments fund important public services that form the foundation of our economy? Think of services like protecting property, building infrastructure, upholding the legal system, to name a few. The real debate is about the amount of taxes that governments extract from us given the services we get in return.
Avril 29, 2014
2:00AM
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?
Sure, you know how much you pay in income tax. After all, it's right there on your income tax return. In fact, income tax is the largest and most visible tax, taking $14 out of every $100 your family earns.
But that's just scratching the surface.