All told, these three laws contain eight
different small business tax cuts, including the exclusion of up to 75 % capital gains on key small business investments, a tax credit for the cost of health insurance for small business employees, and new tax credits for hiring Americans who had been out of work for at least two months.
Not exact matches
The large and accelerating rates of incorporation happened because of the weird interaction of two
different populist instincts: (1) Even
tax -
cutting governments were reluctant to reduce personal income
taxes on the top tier of income - earners, for fear of being accused of delivering «a
tax cut to the richest Canadians;» (2) Just about every government from Jean Chrétien's onward was eager to
cut small -
business tax rates, because this seemed to be a handy spur to the plucky spirit of the theoretically job - creating mom - and - pop entrepreneurial class.
NDP commitments include a two point
cut in the
small business tax rate (already implemented by the Conservatives); extension of the accelerated capital cost allowance for two years (already implemented by the Conservatives (but with a
different phase in); an innovation
tax credit for machinery used in research and development; an additional one cent of gas
tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; and, increasing ODA funding to 0.7 per cent of Gross National Income (GNI).