Month: February 2017

Tax-News.com: Canada To Ramp Up Efforts Against Tax Evasion

Tax-News.com: Canada To Ramp Up Efforts Against Tax Evasion by Mike Godfrey, Tax-news.com, Washington 27 February 2017 The Canadian Government has said that it will review its tax ruling process and voluntary disclosures program as part of its response to recommendations made last year by a parliamentary committee. In October 2016, the Standing Committee on

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Month: February 2017

Tax-News.com: Canada News

Tax-News.com: Canada News Canadian Prime Minister Justin Trudeau has welcomed the European Parliament’s decision to ratify the Comprehensive Economic and Trade Agreement (CETA), and described the deal as “a complete action plan to ensure economic and responsible cooperation between countries.” CETA was approved on February 15 by 408 votes to 254, with 33 abstentions. The

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Month: February 2017

Tax-News.com: Trudeau Welcomes Progress In Implementing CETA

Tax-News.com: Trudeau Welcomes Progress In Implementing CETA by Ulrika Lomas, Tax-News.com, Brussels 21 February 2017 Canadian Prime Minister Justin Trudeau has welcomed the European Parliament’s decision to ratify the Comprehensive Economic and Trade Agreement (CETA), and described the deal as “a complete action plan to ensure economic and responsible cooperation between countries.” CETA was approved

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Month: February 2017

Tax-News.com: British Columbia Reforms PST, Corporate Tax Rates

Tax-News.com: British Columbia Reforms PST, Corporate Tax Rates by Mike Godfrey, Tax-news.com, Washington 22 February 2017 British Columbia is to phase out the provincial sales tax (PST) on electricity and reduce the small business tax rate. In his 2017 Budget speech, Finance Minister Michael de Jong announced that, from October 1, the Government will begin

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Month: February 2017

Tax-News.com: Think Tank: British Columbia Carbon Tax Not Revenue Neutral

Tax-News.com: Think Tank: British Columbia Carbon Tax Not Revenue Neutral by Mike Godfrey, Tax-news.com, Washington 20 February 2017 British Columbia’s carbon tax is no longer revenue neutral and could result in almost CAD900m (USD687.7m) in higher taxes over the six-year period to 2018-19, according to a new study by think tank the Fraser Institute. The

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Month: February 2017

Tax-News.com: Hong Kong Ranked As Freest Economy For 22nd Year

Tax-News.com: Hong Kong Ranked As Freest Economy For 22nd Year by Mary Swire, Tax-News.com, Hong Kong 17 February 2017 For the 22nd consecutive year, Hong Kong has maintained its position as the world’s freest economy in the 2017 Index of Economic Freedom from the Heritage Foundation (HF). HF highlighted Hong Kong’s high degree

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Month: February 2017

Tax-News.com: EU: Canadian Free Trade Agreement Could Apply From April

Tax-News.com: EU: Canadian Free Trade Agreement Could Apply From April by Ulrika Lomas, Tax-News.com, Brussels 16 February 2017 Members of the European Parliament have approved the Comprehensive Economic and Trade Agreement (CETA) with Canada, in a decision that could allow the deal to be applied provisionally from April. CETA was approved on February 15 by

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Month: February 2017

Study reveals hidden tax in B.C.

Study reveals hidden tax in B.C. Clients in B.C. are paying higher taxes without knowing it. And soon, all Canadians could be. That’s because a study by the Fraser Institute reveals the province’s carbon tax isn’t revenue neutral, as originally designed. And, as other provinces follow suit, Canadian taxpayers across the country could be similarly affected. Read: Carbon

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Month: February 2017

Tax-News.com: Canada Urged To Measure Tax Gap To Boost Revenues

Tax-News.com: Canada Urged To Measure Tax Gap To Boost Revenues by Mike Godfrey, Tax-news.com, Washington 15 February 2017 Canada would benefit from undertaking accurate tax gap analyses, says a new report, which attempts to estimate the amount of revenue that goes uncollected each year. A new briefing by the Conference Board, commissioned by the SAS

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Month: February 2017

Clients have unique tax needs? Here are tips

Clients have unique tax needs? Here are tips During tax season, the last thing you want is to miss out on savings for your clients. But that can be hard when they all have different lifestyles, professions and circumstances. To help, we’ve put together some quizzes that outline how to help Canadians with unique needs.

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