Canada News Canada News Canada Canada Opposed To New US Canadians Weigh Up Tax Options For Funding Media Sugary Drinks Tax Proposed For Canada's Northwest Territories Global tax news, continuously updated through the day. <h2>by Mike Godfrey,, Washington</h2><h3>09 February 2017</h3><p>Canadian Trade Minister Chrystia Freeland has said that her Government would be “strongly opposed to any imposition of new tariffs between Canada and the United States.”</p><p>Freeland undertook a two-day visit to Washington, D.C. from February 7 to 8. She met with her counterpart, the new US Secretary of State Rex Tillerson, House Speaker Paul Ryan, and the chairs of the Senate committees on armed services and foreign relations.</p><p>Speaking to reporters after her meeting with Tillerson, Freeland said: “I did make the point that Canada will have no position on the [US Government’s] tax reform plan or the border adjustment tax idea until it is fully formed and it is a concrete proposal. But I did make clear that we would be strongly opposed to any imposition of new tariffs between Canada and the US, that we felt tariffs on exports would be mutually harmful.”</p><p>She added that “if such an idea were ever to come into being, Canada would respond appropriately.”</p><p>US President Donald Trump has promised “massive” tax cuts for American companies. He has however also threatened a “major border tax” of up to 35 percent on imports from US multinational companies that move their production facilities outside the country.</p><p><strong><a href=””></a></strong> <a href=””>(Why?)</a></p> Thu, 09 Feb 2017 00:00:00 +0000 EN text/html <h2>by Mike Godfrey,, Washington</h2><h3>08 February 2017</h3><p>A majority of Canadians are opposed to the introduction of a new tax on internet and mobile phone bills, according to a new poll for campaign group OpenMedia.</p><p>The survey asked respondents about the potential for the federal Government to create a new revenue source to support Canadian media content. OpenMedia said that 53 percent of respondents supported the idea, while 20 percent were opposed.</p><p>When asked for their opinions on specific options for a new revenue source, 70 percent of participants said that they were opposed to the prospect of a new tax on internet and mobile phone bills, with 51 percent saying they were strongly opposed. Only 14 percent supported the idea.</p><p>However, OpenMedia said that there was more support for the possible extension of the goods and services tax/harmonized sales tax to foreign online companies. 47 percent of respondents said they would support the option if revenues were directed to Canadian content, while 29 percent were opposed to the suggestion.</p><p>The research was conducted by Innovative Research Group Inc.</p><p><strong><a href=””></a></strong> <a href=””>(Why?)</a></p> Wed, 08 Feb 2017 00:00:00 +0000 EN text/html <h2>by Mike Godfrey,, Washington</h2><h3>07 February 2017</h3><p>Canada’s Northwest Territories will introduce a sugary drinks tax in 2018-19.</p><p>In his 2017-18 Budget address, Finance Minister Robert McLeod said that the Government intends to introduce the tax in 2018-19 but will “take the time during the upcoming fiscal year to ensure our approach is as effective as possible.”</p><p>The tax would act as “a price incentive to discourage the consumption of sugary drinks that are linked to health issues such as obesity and diabetes,” he explained.</p><p>There have previously been calls for a federal tax on sugar-sweetened and artificially-sweetened drinks.</p><p>In March 2016, the Standing Senate Committee on Social Affairs, Science, and Technology recommended that the Government “assess the options for taxation levers” for reducing consumption of such drinks. In addition, industry body Dietitians of Canada has called for the application of an excise tax of at least 10-20 percent on sugar-sweetened drinks.</p><p><strong><a href=””></a></strong> <a href=””>(Why?)</a></p> Tue, 07 Feb 2017 00:00:00 +0000 EN text/html


Published at