One week before the Canadian federal election, Prime Minister Harper and the Conservative Party revealed their platform. The following promises would be interesting from a trade perspective:
- Increased Trade with Emerging...
Malaysia’ has imposed a five percent tax on production services in the country. This new imposition may result in production companies selecting alternative Asian countries for production services. This is not a good...
On June 2, 2008, I attended a tribute dinner for the Chief Justice of the Tax Court of Canada, Judge Bowman. He is a very talented judge and is retiring from Canada's specialized Tax Court. No doubt, he will be called...
The Department of Finance and the Canada Revenue Agency (CRA) have requested input from business on the sources of unnecessary paper or compliance work in the goods and service tax and excise tax systems, as well as any...
In the 2008 Ontario Budget delivered by Minister of Finance, Dwight Duncan on March 25, 2008, Ontario proposed a new 10-year income tax exemption for new corporations that commercialize intellectual property in Ontario developed...
On February 19, 2008, the Province of British Columbia announced in its the 2008 Budget that it proposes to introduce an escalating Carbon Tax over the next five years. The news release about the Carbon Tax includes the...
On January 11, 2008, the Minister of National Revenue, Gordon O'Connor, announced that the Government of Canada would distributing $467,530,022 to the six provinces whose products are subject to the export charges under the...
January 31, 2008 is the due date for comments on the GST/HST Notice 225 "Draft Revised GST/HST Memorandum 3.3.1, Drop Shipments (September 2007). This administrative interpretation is very important because it will form the...
On December 7, 2007, the Canada Border Services Agency (CBSA) issued Customs Notice CN-07-036 "Use of Business Numbers by Non-commercial Importers and One-time Commercial Importers" to remind the importing community that...
Effective December 13, 2007, the Government of Ontario will give first-time home buyers or newly constructed and resale homes a refund on up to $2,000 of the land transfer tax paid in connection with the acquisition. ...
On December 13, 2007, the Government of Ontario started handing out holiday goodies in the form of investments and tax reduction.
The proposed tax reduction goodies included:
The elimination of capital tax rates for Ontario...
On October 30, 2007, Minister Flaherty announced corporate and personal income tax cuts that passed in the House of Commons on October 31, 2007. The corporate income tax cuts signal that Canada is open to foreign...
I reported yesterday that:
On October 30, 2007, Minister Flaherty announced at 4:00PM in a mini-budget that the Government of Canada would reduce the goods and services tax (GST) rate from 6% to 5% on January 1, 2008. This...
On October 30, 2007, Minister Flaherty announced at 4:00PM in a mini-budget that the Government of Canada would reduce the goods and services tax (GST) rate from 6% to 5% on January 1, 2008. This means that the GST rate of...
On October 19, 2007, the USTR announced that it had rejected the Section 301 of the Trade Act of 1974 case against the Canadian film industry. To read the USTR notice, please click on the following link -...
