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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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