Business

Business

Cities are closer to Canada’s problems than they are to the money

Municipalities increasingly sit on the front lines of housing, climate and social challenges, but funding has lagged behind their growing responsibilities
Business

In Vancouver, a billionaire developer catches a garden tax break

Taxpayers on hook for million dollars due to tax avoidance scheme of reclassifying future development properties as gardens, parks while awaiting market uptick
Business

Canada needs a deeper municipal bond market

Cities own much of Canada’s infrastructure but have limited revenue tools. A stronger municipal bond market could help close the financing gap: Luciano Arvin
Business

Region of Peel rejects Doug Ford’s ‘major financial burden’ on taxpayers to fund his growth

Officials warn building infrastructure needed to support rapid housing growth placing unsustainable pressure on utility ratepayers and property taxpayers
Business

New Brunswick: Province puts pressure on local governments with property tax reforms

New Brunswick’s Liberal government has introduced a new system of municipal property taxation, publishing a public list of appropriate property tax rates
Business

Web Summit: As employers push to adopt AI, many workers push back

A bullish KPMG Canada revealed at Web Summit Vancouver its junior employees must delegate tasks to AI tools, and focus instead on client relationship-building
Thought Leaders

Canada is spending billions to fix the wrong productivity problem

Canadian financial policy has crowded out the risk-taking that drives productivity asserts professor of finance and chartered professional accountant Manbo He
Business

Ontario: Halton Hills calls on province to update municipal funding framework

Property taxation is regressive. Municipalities in Canada are trying to manage 21st-century realities with 19th-century fiscal tools, say local politicians
Business

Alberta: Taxation bump curbs tourism momentum in short-sighted tradeoff, warns industry leader

The province appears to underplay the role a robust tourism economy could play in insulating its accounts from geopolitical vagaries like the price of oil
Business

Alberta farmers lukewarm about federal gas tax suspension

Suspension of the federal fuel excise tax by the now majority government of Mark Carney will pressure on the UCP Smith government in Alberta to follow suit.
Business

Ontario: Province announces lower business tax

The provincial government is proposing to cut Ontario’s small business corporate income tax rate from 3.2 per cent to 2.2 per cent as of July 1 this year
Business

CRA may apply 2025 permanent establishment OECD rules to Canada

Canadian tax lawyer and accountant David J Rotfleisch on remote work, corporate authority to bind, CRA treaty interpretation and interprovincial tax risk