The Correlation Between Lower Business Taxes and Employment
“It’s time we get the facts on the table. Business investment has been a key driver of economic and job growth over the past five years, and lower taxes have contributed significantly to that growth.” This statement, made by CME President and CEO Jayson Meyers, summarizes a recent analysis done by the Canadian Manufacturers and […]
British Columbia Reverts Back to PST/GST
After a vote on August 5th, the voters of British Columbia have decided to revert back to the PST/GST system from the combined HST system they were using. Reverting back to the separate PST/GST systems will take approximately 18 months to put into place, but those in British Columbia can look forward to paying 7% […]
Ontario Research and Development Tax Credit
There’s still a lot of talk about what tax harmonization means for those conducting businesses in Ontario. (As a refresher – GST and PST will be combined into a new HST, which will result in businesses being charged slightly more for some purchases.) To compensate, the CRA has created the 4.5% Ontario Research and Development […]
The New HST Tax and How It Effects Your Business
Back in March, when the Provincial and budget was announced, it was revealed that the PST and GST would be combined to form the Harmonized Sales Tax (or HST) in Ontario. When it was first announced that Ontario will be switching over to this system, I will admit that I was a little perturbed about […]