What’s a Point of Corporate Tax Worth?

Tom Mulcair’s recently reiterated unwillingness to raise personal tax rates puts the spotlight on corporate taxes. But how much revenue is at stake? Three and a half years ago, I posted a fiscal breakdown of Harper’s corporate tax cuts and how much revenue could be retained by stopping or reversing…
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Saskatchewan Budget Saved by Falling Loonie

Following last week’s troubling news about potash, the Saskatchewan government released its first-quarter financial report today. The headline seems to be “Oil Keeps Budget in Black”, with a forecast increase in oil revenue more than offsetting a forecast decline in potash and other revenues. But the forecast West Texas Intermediate…
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PotashCorp Reports Inadequate Royalties

PotashCorp reported today that it paid $81 million of “provincial mining and other taxes” on $975 million of potash sales in the second quarter of 2013. In other words, Saskatchewan’s potash production tax and resource surcharge amounted to 8% of potash sales. Adding the basic Crown royalty of just over…
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Inflation Eats Up More Than Half of Wage Gains

Today, Statistics Canada reported an inflation rate of 1.2% for June, validating the Bank of Canada’s recent decision to keep interest rates low for the foreseeable future. The rationale to raise interest rates would be to curb inflation, which is already under control and well below the central bank’s 2%…
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EI Benefits Falling Faster Than Unemployment

Statistics Canada reported today that 12,290 fewer Canadians received Employment Insurance (EI) benefits in May compared to April. EI benefits are shrinking far faster than unemployment. In percentage terms, the number of EI recipients declined as much in just the last month as unemployment declined over the past year. Between…
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