Canada’s corporate tax rate, reduced from 19% to 15% in 2012, currently creates a tax burden that is the second-lowest among developed countries, according to a recent KPMG survey. The central bank has held the main interest rate at only… Read more »
Federal Government Provides $25B Injection to Lending Industry
Finance Minister Jim Flaherty announced Friday that the federal government will buy $25 billion worth of mortgage debt from Canadian banks in a bid to stabilize the lending industry and encourage lower interest rates. Due to the subprime mortgage crisis,… Read more »