Browse "Taxation"

Macleans

Canadians Underwhelmed by Tax Cuts

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.

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Carbon Pricing in Canada

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 MinisterJustin Trudeau announced a national climate-change policy that included a system of carbon pricing across Canada. Under the plan, each province and territory must adopt carbon pricing by 1 January 2019, or Ottawa will impose its own carbon tax in that jurisdiction.

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Customs and Excise

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.

Macleans

GST Harmonized in Atlantic

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.

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Municipal Finance

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.