Category: Corporate Income Tax

BC Businesses to Pay Additional $6.5B in Government-Imposed Costs Over Three Years: Report

May 26, 2023
CanadaCorporate Income Taxpayroll taxPersonal income taxSmall and medium enterprisesWorld
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British Columbia businesses are expected to pay billions in additional costs imposed by the provincial government over a three-year period, a report finds. The report released by the Greater Vancouver Board of Trade (GVBOT) says it identified “significant” government-imposed costs that will chip away an additional $6.5 billion from the earnings of business owners between…

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​​​Instead of Adding 87,000 IRS Agents …

October 25, 2022
Corporate Income TaxIRSOpinionViewpoints
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Commentary The egregiously misnamed Inflation Reduction Act of 2022 is hardly anti-inflationary by virtue of the hundreds of millions of dollars in “green energy” subsidies it has authorized. However, some of its proponents—adherents of Modern Monetary Theory—may genuinely believe that the act will reduce inflation. MMT holds that the way for government to reduce inflation…

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Middle Class Will Eventually Shoulder Ottawa’s ‘Large Spending Programs,’ Says New Study

April 11, 2022
CanadaCorporate Income Taxfederal spendingincome taxWorld
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Taxing “the rich” to finance a large expansion of government would not generate enough revenue to cover federal spending programs and the middle class would eventually have to chip in, according to a new study. “If Canadians actually want a much bigger government, they’re going to have to pay for it with higher taxes,” study…

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