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Taxation

The negative effects of corporate taxes on investment and on workers

Governments have made considerable efforts in recent years to reduce the tax burden of business. The federal government has promised to reduce the corporate income tax rate even further, toward a rate of 15% in 2012. The Quebec government's last budget highlighted the complete elimination of the capital tax, which will take effect on January 1st, 2011. This is very good news, because corporate income taxes and other taxes paid by businesses have an impact not only or even primarily on shareholders, but also on workers, especially in an open economy.

Do the “Rich” Pay Their Fair Share of Taxes?

Do the "rich" pay their fair share of taxes? This question often comes up in the media and in public and private conversations, in Quebec and elsewhere. Anecdotal evidence may give the impression that it is a simple matter for someone of means to hire a tax accountant and relieve himself of a good part of the tax burden shouldered by the ordinary citizen. To verify if this is true, we asked for the help of an expert to calculate the taxes and contributions paid by different Quebec taxpayers according to their incomes.

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