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.
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If these important productivity-enhancing measures are going to be put on the back burner because the minority government is too afraid to work out the support for these sorts of things, I think Canadians are going to get rightfully very concerned about whether they're going to have a good government over the next couple of years.Jack Mintz
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.
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People don't understand productivity but they do understand if you have a job with a good level of pay, it's better over the long run.
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This is not a good strategy to be on top of the world,
Jack Mintz
If you can have your cake and eat it too, why not try to do both.
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