Economic future in peril, S&P says

Article Abstract:

The future of the Canadian economy is imperiled by poor investments in equipment and machinery. This development is the result of the country's corporate taxation system, according to a study conducted by Standard and Poor's DRI. The study points to Canada's taxation system, which assesses a 35.7% tax on services compared to only 8.6% on manufacturing industries, as a factor in preventing investments towards people and machinery. A shift in the tax burden is seen as necessary for the development of the service industries.

Corporate Tax Administration, Corporate taxes, Tax administration

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Martin set to ease stock option tax

Article Abstract:

Paul Martin, Canada's Finance Minister, has announced that the government will lower taxes on employee stock options. The new regulations, which are intended to support high-tech startups, will be included in the national government's next budget.

Tax Law, High technology, Tax policy, Martin, Paul (Canadian government official)

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