Browse "Taxation"

Canadian Tax Foundation, a nonprofit research and publishing organization that sponsors studies and conferences on taxation and public-finance issues.

When it comes to taking care of personal finances, Bohdan Dolban, 32, and his wife, Mary, 35, are about as good as it gets. His job as a sales representative for a Toronto packaging company and hers as a systems analyst give them a family income of about $85,000, and every cent is put to good use.

Capitalism is an economic system in which private owners control a country’s trade and business sector for their personal profit. It contrasts with communism, in which property effectively belongs to the state (see also Marxism). Canada has a “mixed” economy, positioned between these extremes. The three levels of government decide how to allocate much of the country’s wealth through taxing and spending.

Carbon pricing plans impose a cost on the combustion of fossil fuels by industries and consumers — either directly through a tax, or indirectly through a cap-and-trade system. In a market economy like Canada’s, prices help regulate the supply and demand of goods and services. By influencing the price of a commodity like gasoline, through carbon pricing, governments aim to discourage its use and thereby reduce the greenhouse gas emissions that result from its consumption.

In 2016, Prime Minister Justin Trudeau announced a national climate-change policy that included a system of carbon pricing across Canada. As of 2020, nine provinces and territories have carbon pricing plans that meet the requirements of the national policy. In the remaining provinces — Alberta, Alberta, Saskatchewan, Manitoba and Ontario — Ottawa has imposed its own carbon tax. The tax has vocal opponents on the political right, including some premiers and party leaders.

Customs and excise, taxes on goods, are one of the world's oldest sources of government revenue. Customs duties are applied on imported products while excise duties and taxes are generally applied on goods of domestic manufacture, notably liquor and tobacco.

Frank McKenna had a big smile on his face, and a new spin on a familiar sales pitch. In a national newspaper advertisement that appeared late last week, the New Brunswick premier told readers across the country that "the best place in Canada to do business keeps getting better and better.

For Finance Minister Paul Martin, the question is not whether taxes should be cut, but by how much and how quickly.

Municipal finance is concerned with the revenues and expenditures of municipalities. Revenues are secured from local taxes (see TAXATION) and other local revenues and from provincial and federal grants.

Taxation, Royal Commission on, under Kenneth Carter, appointed (1962) by PM John Diefenbaker to examine and to recommend improvements to the entire federal TAXATION system.