Tag Archives for corporate tax
Canada gets a variety of tax cuts
The Canadian government released a mini-budget this past week that featured serious tax cuts. The GST goes down another point to 5% and the lowest bracket of personal tax is lowered back down to 15%. Corporate taxes continued their downward … Continue reading
Work-life balance: KPMG sued in Canada
KPMG is being sued in a proposed class action lawsuit filed the Friday (paywall) before the long Labour Day weekend, citing employees were forced to work unpaid overtime hours. The lawsuit alleges KPMG employees routinely work as many as 90 … Continue reading
Experts weigh in on interest deductibility issue
The Globe and Mail, a Canadian daily, has a feature on their website today where three tax experts from Couzin Taylor LLP and Ernst & Young LLP answer questions from readers about the interest deductibility “feature” of the Federal government’s … Continue reading
Canadian government backs down on controversial budget move
In late March I talked about the Canadian Federal budget, which had been recently released, and how it included a measure to prevent companies from deducting interest on debt incurred to fund foreign operations. I couldn’t understand the logic of … Continue reading
Budget move likely to discourage global expansion
Yesterday’s Globe and Mail: The federal Finance Department is acknowledging it could reap a bonanza of additional tax revenue from a controversial budget move to scrap the deductibility of interest that companies incur to fund foreign operations. I’m trying to … Continue reading