“[Canada taxes business investment more heavily than any other competing nation except China -- and taxes on Canadians' personal investment income can reach 80%, according to a study released yesterday. The findings underscore the need for a dramatic overhaul of the tax system to cope with growing competition from Asia and an ageing population, the C.D. Howe Institute said.] Given the competitive and demographic challenges facing Canada, tax reform is increasingly urgent, ... In the coming years, Canada should not simply react to changes in tax policy abroad, but should take the initiative and adopt policies that would unleash the Canadian tiger.”
“Given the competitive and demographic challenges facing Canada, tax reform is increasingly urgent. In the coming years, Canada should not simply react to changes in tax policy abroad, but should take the initiative and adopt policies that would unleash the Canadian tiger.”
“These investors, who comprise over 60 percent of the equity market, prefer companies to convert business assets into income trusts since they can avoid paying corporate taxes at a 35 percent rate.”
“When one has money like this, you want to invest it the best way possible, where you can maximize the gains from it, ... If you want to get money back to people, I think cutting taxes is a good idea, especially cutting taxes that are doing the most harm to the economy, rather than just giving a blank cheque to people.”
