RE: The Ontario 2018 election thread
04-20-2018, 11:04 AM (This post was last modified: 04-20-2018, 11:09 AM by robkelk. Edit Reason: typo fix )
04-20-2018, 11:04 AM (This post was last modified: 04-20-2018, 11:09 AM by robkelk. Edit Reason: typo fix )
We finally have a point for debate!
Ontario's corporate tax rate is the lowest in Canada.
It's a graduated scale, depending on how much profit the company makes. Nobody wants to touch the corporate tax rate for the first half-million dollars of profit, so this only affects big business.
Ontario's corporate tax rate is the lowest in Canada.
- The PCs want to lower the corporate income tax rate. (Doug Ford's family owns a reasonably large corporation; when asked whether he'd benefit, he dodged the question by saying he'd be taking a pay cut by becoming Premier.)
- The Liberals want to leave it as-is.
- The NDP want to raise it.
- The Greens want to raise it, but lower the employer's contribution to the provincial health plan (which covers everyone in Ontario).
It's a graduated scale, depending on how much profit the company makes. Nobody wants to touch the corporate tax rate for the first half-million dollars of profit, so this only affects big business.
--
Rob Kelk
Sticks and stones can break your bones,
But words can break your heart.
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Forever neighbours, never neighbors
Government of Canada: How to immigrate to Canada
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Rob Kelk
Sticks and stones can break your bones,
But words can break your heart.
- unknown
Forever neighbours, never neighbors
Government of Canada: How to immigrate to Canada
Government of Canada: Claiming refugee protection (asylum) from within Canada