“It wasn’t long ago that Americans viewed Canada as a poorer neighbor with only one competitive advantage—in hockey. No more: On January 1, Ottawa cut the nation’s corporate tax rate to 16.5% from 18%, compared to the U.S. federal rate of 35%.”
Taxation
Mayor Responds to Tax Report: Farbridge asks staff to review report that Guelph residents pay some of the highest property taxes
“Council is entering the 2011 budget planning process. This presents a great opportunity to review the findings of the report and ensure we provide good information in advance of budget setting to Council and the community.”
Kevin Libin: Why a backward approach makes city taxes go higher
Municipal tax hikes happen all the time. In most cities, denizens have come to accept them as an annual tradition, as arduous and inevitable as Lent or Yom Kippur. Still the question is: why do we accept them so apathetically? Canadians give no other level of government such easy licence.
Ireland’s Bold Plan: The recovery blueprint reads like a list of supposed political impossibilities..
“The Irish government’s new budget plan, released this week, is a remarkable document. Faced with a huge deficit, skyrocketing debt and unemployment north of 14%, Brian Cowen’s government has responded with a plan that reads like a list of political impossibles.”
Featured News
Global Fragmentation: The False Hope and Unrealistic Promises of Global Development Goals
In September 2000, one hundred and ninety-one member states established the United Nations Millennium Development Goals:1 Eradicate extreme poverty and hunger; Achieve universal primary education; Promote gender equality and empower women; Reduce child mortality;...
What is the end Goal of Protests Over Residential School Graves?
In July, the Canadian prime minister denounced the arson and vandalism of Catholic churches across the country in the wake of the discovery of unmarked graves at former residential schools. After more than 1,100 unmarked graves were discovered at schools previously...
Creating Wealth Through Property Tax Cuts
When Michigan ended school property tax, house prices shot up.
No Free Lunches
A famous economist once said: “There is no such thing as a free lunch”. He was right. So beware of elected officials who skirt the sad results of excessive property taxation by offering high profile “freebies”. It’s another reason your house in Winnipeg suffers from the lowest property values in Canada.
Do Lower Rates Equal More Revenues?
Yes, they do. Therefore with the small budget surpluses at hand, the government should choose to lower taxes.