With tax season at hand, here’s a useful tip for any tax-weary Canadian. When some people refer to income or other money not taxed as a “loss” to government, remember that they may merely be using technical language. In contrast, others really do lament any reduction or “omission” in possible taxes that flow to governments.
income tax
March 28, 2015
7:00AM
With tumbling oil prices and resource revenues, Premier Jim Prentice had a choice when he delivered Alberta’s 2015 budget. He could emulate former premier Don Getty and raise taxes or follow the Ralph Klein playbook and reduce spending.
March 28, 2015
6:00AM
Premier Jim Prentice dropped hints for months that the 2015 provincial budget was a once-in-a-generation chance to “fix” Alberta’s finances.
February 18, 2015
12:00PM
Against the backdrop of a sluggish and uncertain economy, B.C. Finance Minister Mike de Jong unveiled a largely status quo budget on Tuesday.
January 24, 2015
9:00AM
After governments abandon fiscal prudence, they will soon search for any and all ways to tax people more. This is the reality playing out in Alberta where Premier Jim Prentice has floated multiple tax increase trial balloons.
January 17, 2015
10:00AM
With oil prices plunging and provincial resource revenues expected to drop, Alberta’s red ink will rise. In response, Premier Jim Prentice has floated the notion of a provincial sales tax and/or hikes in other taxes.
January 13, 2015
9:00AM
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.
October 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.
September 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.