Sentences with phrase «tax harmonization»

In summary, the likely results of sales - tax harmonization would be: huge savings for business, mostly unrelated to productivity - enhancing investment; slightly higher consumer prices;  lower provincial revenues; and $ 5 billion less for important federal programs.

Public debate in Ontario tends to frame sales - tax harmonization either as an unjustified «tax grab» or as a needed contribution to the deteriorating provincial budget.

Program expenses were lowered by $ 5.4 billion in that Update, with all three major components contributing to the decline: major transfers to persons down $ 1.8 billion, primarily due to lower employment insurance benefits; major transfers to other levels of government, down $ 1.4 billion, primarily reflecting the recovery of the sales tax harmonization transitional payment from British Columbia; and direct program expenses, down $ 2.2 billion, due to lower other transfers.

However, as the feds sought tax harmonization deals with other provinces in ensuing decades, it wooed them with rich compensation packages.

Not exact matches

Furthermore, it is important that we not get too distracted by the stimulus debate and work together to promote an agenda for long - term economic growth for the country, which should include reform of a tax system that has grown out of control, finalizing trade agreements, kickstart a lagging regulatory harmonization agenda and ensuring young Canadians have the skills to compete in a global market place.

He supports plans to lower the federal corporate tax rates and the harmonization of British Columbia and Ontario's sales taxes with the GST, but notes both Quebec and Nova Scotia have hiked their sales taxes in the past year.

When the deal was originally struck, Ottawa offered Quebec no compensation for assuming administrative responsibilities for the HST, nor for any loss in sales tax revenue stemming from the harmonization.

But neither Ontario's NDP nor its Progressive Conservatives have promised to end the harmonization, tacit acknowledgement the move will benefit the province's economy by reducing the financial burden on businesses and streamlining the tax system.

«I never hear talk about measures that would encourage upward harmonization of labour or environmental standards... tax measures that would prevent corporations from engaging in transfer pricing or discourage shifting profits to tax havens.

In September of this year, Macron outlined his roadmap for the EU, which includes establishing a common defense budget, increasing investment in clean energy and the harmonization of tax receipts.

I suggest the appreciation of the loonie is due to a multiplicity of reasons including Canada's important successes in restructuring the Cdn economy for the past 20 years under three govts: Mulroney, Chretien and now Harper — from NAFTA to replacement of PST with GST, elimination of the deficit, GST harmonization, Open Skies, FTAs under way with Europe, India, South Korea, Japan, TPP, tax code restructuring, regulatory streamlining, environmental streamlining, red tape streamlining and yes investments in resource industries.

Will any of the five provincial governments have the spunk to request an opt - out from this harmonization initiative in order to instead use their share of the trust to finance targeted tax measures or other industrial strategies that promote capital investment?

Harmonization would shift some $ 7.5 billion annually of provincial sales tax from business purchases onto consumer purchases.

The latest budget contained two of the election promises: potential reimbursement to the province of Quebec for costs associated with the potential harmonization of the provincial sales tax with the GST and the phase - out of political subsidies.

However, there has been some speculation that the Government might provide compensation to Quebec for the harmonization of its sales tax with the GST and / or provide a heating rebate to low - income Canadians.

The prime reason for the higher - than - expected deficit in 2009 - 10 and lower deficit in 2010 - 11 was attributed to a change in the timing in the recognition of the accrual for the transitional assistance payments to Ontario and British Columbia for the harmonization of their sales taxes with the GST.

Yet some things are taxed under harmonization that weren't previously subject to the PST.

«We are paying all these taxes that have been mentioned, then you ask yourself; do we deserve an additional tax in the name of harmonization?

In an increasing array of matters, a partial Europeanization has taken place which is not only insufficient but also the source of intractable problems: for instance, the liberalization of the exchanges of goods, services and capitals has been implemented without a parallel harmonization of social, tax and environmental standards.

The OACIQ also says the supervision of rental brokerage must be maintained to fight tax evasion and ensure harmonization with other Canadian jurisdictions, all of which require a licence.