Windfall surplus will free tax dollars

Article Abstract:

Canada's Finance Minister Paul Martin has predicted tax cuts will result from the country's budget surplus. Canada, which will have an estimated $8 billion surplus for the fiscal year 1999-2000, also plans to make major investments in the areas of education and health care.

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Firms may get $2-billion tax windfall

Article Abstract:

Denis Desautels, the Canadian Auditor-General, has said that a proposed tax plan may give banks and telecommunications companies as much as $2 billion in tax credits. The plan would provide tax credits for research and development.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Corporate Taxes-Savings Incentives, Telecommunications services industry, Telecommunications industry, Tax incentives

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Martin urged to abolish surtax on banks

Article Abstract:

Canada's Finance Minister Paul Martin is expected to cut capital taxes on the country's banks. The tax plan, which includes the elimination of a $51 million surtax, is part of an effort to reduce corporate taxes in Canada.

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