Sentences with phrase «general corporate income tax rate»

These recommendations are fully costed and funded through the imposition of new taxes (financial activities tax, high - income legacy tax, and carbon tax) and increase in the general corporate income tax rate to 21 per cent, eliminate of certain boutique tax credits and reductions in program expenses (defense among others).

The Harper government â $ ™ s commitment to further reduce the general corporate income tax rate while the nation struggles with budgetary deficits has been championed by â $ «-LSB-...]

Corporate income tax revenues were down $ 0.4 billion, due to the reduction in the general corporate income tax rate, largely offset by a decrease in refunds, while «other revenues» declined by $ 1.4 billion.

While we were pleased to learn of the government's September 2017 announcement to cut the small business income tax rate from 2.5 per cent to 2 per cent, we note it was accompanied by an increase to the general corporate income tax rate of one percentage point (to 12 per cent).

In addition, the general corporate income tax rate was reduced in 2012 from 16.5 % to 15 % and the full impact of this reduction may not be reflected in the monthly results to date.

Shortly after assuming office, the government made B.C.'s tax regime less competitive by raising the general corporate income tax rate, creating a new top personal income tax rate and increasing the carbon tax.

Finance has revised the fiscal cost of the reduction in the general corporate income tax rate from 18 % to 15 per cent to $ 3.9 billion in 2012 - 13 from their original estimate of about $ 5.2 to $ 5.4 billion.

Much of this comes about from the significant reductions in tax rates (reduction of two - percentage points in the GST, a six - percentage point decline in the general corporate income tax rate, among others), without offsetting reductions to program expenses.

The update focused on fulfilling election promises such as removing the tolls on the Golden Ears and Port Mann bridges and increasing the general corporate income tax rate.

The General corporate income tax rate is increased to 14 % effective April 1, 2016 as per the NB 2016 Budget.

- as of January 1, 2011, the general corporate income tax rate will be reduced to one - half percentage point - effective January 1, 2006, an increase in the Age Credit Amount by $ 1000 from $ 4066 to $ 5066 - permitting income splitting for pensioners beginning in 2007.