TORONTO – The Carpenters’ District Council of Ontario (CDCO) is relaunching its campaign against tax fraud, which began Monday and runs until April 16. “The government is estimated to lose between 1.8 billion and 3.1 billion due to tax fraud in the construction sector – explains Mike Yorke (in the pic above, from https://canada.constructconnect.com), president and director of the Carpenters’ District Council of Ontario. (more…)
TORONTO – The Quebec government’s decision to impose a tax on no vax continues to cause controversy. For now, no other province seems oriented to follow the same path as the executive led by Francois Legault. Too many problems of a legal nature – there are those who hypothesize the evident unconstitutionality of the measure – or of simple political gain: it is a highly divisive measure and no other prime minister has decided to risk. Yet, the debate over the appropriateness and feasibility of the measure goes on.
MONTREAL – Here comes the “health tax” for the unvaccinated. Basically: if you don’t get vaccinated, you end up burdening the health system, so it’s right that you pay. This was announced today by the premier of Quebec, François Legault, in light of the continuous increase in hospitalizations (and deaths, only today: 62 in Quebec) in the hospitals of the province.
The ups and down of the last two years may have many of us thinking it’s time to take a break and get away. However, the rise in Covid infections, the constantly changing requirements for travel and fears of getting stuck in a foreign country have many of us opting for a vacation destination closer to home. This year, Ontario has made the “staycation” more attractive for residents. (more…)
TORONTO – The provincial government is preparing for the 2022 elections, seven months in advance. Today, Finance Minister Peter Bethlenfalvy introduced the Fall Economic Statement, a document that usually has a lesser value and that lays the foundations for the Spring Maneuver. We are in the presence of a real mini budget, with a detailed spending and investment plan, a clear indication of the government’s willingness to arrive at the next electoral consultation with a well-defined economic and fiscal platform. In the document, first of all, an increase in the deficit of 5.1 billion dollars is expected: the budget red, for the fiscal year 2021-2022, should reach 21.5 billion. (more…)
TORONTO – A global minimum corporate tax rate of at least 15 percent but without giving up the new taxes provided for the tech giants. Canada welcomes the agreement reached at the G7 but at the same time, through Finance Minister Chrystia Freeland, reiterates that the plan signed at the weekend will not change Ottawa’s plans, which from January 2022 will impose a new tax on big tech buddies. (more…)
Five years after the Panama Papers, the fight against offshore crime has a long way to go. Governments around the world have recovered more than $1.36 billion in back taxes and penalties, including $185 million in the last 2 years; however, the recovery in Canada is very low. (more…)
In just a few hours, the new federal budget will be presented for the first time in two years. (more…)
The Supreme Court decision defending Ottawa’s carbon price has been hailed as a victory for climate activists seeking tougher tax incentives to curb pollution. But it has also been viewed as a loss by some provinces who insist the federal guidelines are nothing more than meddling. (more…)