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Thread: Canada Slashes Business Levies

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    Re: Canada Slashes Business Levies

    Quote Originally Posted by zimmer View Post
    Undoing the damage of the Commi sympathizer Trudeau and a series of Commi-Lib governments. Who would have thought Kanuckistan might be a better place to set up shop than the US. My, how far we've sunk.

    .
    Of course personal taxes are going up
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    Re: Canada Slashes Business Levies

    Quote Originally Posted by zimmer View Post
    Undoing the damage of the Commi sympathizer Trudeau and a series of Commi-Lib governments. Who would have thought Kanuckistan might be a better place to set up shop than the US. My, how far we've sunk.

    .
    Centers which have recruited Canadian trained doctors to move to the US now they the trend is reversing, in part due to the high insurance rates, Obamacare, and the fact that doctors will be among "the rich" the Obama government wants to attack.

    Helping Canada also is the refusal of the American government to drill for more oil while Canada is drilling more than ever and exporting more than ever to their neighbour down south. Throw in NAFTA and low taxes and Canada, it they can manage to stay conservative, wkll do quite well.

    But having said that, i would prefer that US policies change in order that both countries can do well, just as we have done in the past.

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    Re: Canada Slashes Business Levies

    Quote Originally Posted by Grant View Post
    Centers which have recruited Canadian trained doctors to move to the US now they the trend is reversing, in part due to the high insurance rates, Obamacare, and the fact that doctors will be among "the rich" the Obama government wants to attack.

    Helping Canada also is the refusal of the American government to drill for more oil while Canada is drilling more than ever and exporting more than ever to their neighbour down south. Throw in NAFTA and low taxes and Canada, it they can manage to stay conservative, wkll do quite well.

    But having said that, i would prefer that US policies change in order that both countries can do well, just as we have done in the past.

    Taxes are higher in Canada then the US, the US is drilling for a lot of oil in Montana, the Dakota's and in the North East for natural gas. Doctors in Canada are limited in what they can earn due to universal health care. I doubt Obama care is going to cause doctors earn more in Canada then the US. I expect the high Can dollar is the main reason for the return of doctors to Canada
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    Re: Canada Slashes Business Levies

    Quote Originally Posted by Lord Tammerlain View Post
    Taxes are higher in Canada then the US, the US is drilling for a lot of oil in Montana, the Dakota's and in the North East for natural gas. Doctors in Canada are limited in what they can earn due to universal health care. I doubt Obama care is going to cause doctors earn more in Canada then the US. I expect the high Can dollar is the main reason for the return of doctors to Canada
    There's not much new oil exploration going on in Montana and the Dakotas, by comparison. Most of the new drilling that's taking place is natural gas exploration.
    Quote Originally Posted by Top Cat View Post
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    Re: Canada Slashes Business Levies

    Quote Originally Posted by Grant View Post
    Centers which have recruited Canadian trained doctors to move to the US now they the trend is reversing, in part due to the high insurance rates, Obamacare, and the fact that doctors will be among "the rich" the Obama government wants to attack.

    Helping Canada also is the refusal of the American government to drill for more oil while Canada is drilling more than ever and exporting more than ever to their neighbour down south. Throw in NAFTA and low taxes and Canada, it they can manage to stay conservative, wkll do quite well.

    But having said that, i would prefer that US policies change in order that both countries can do well, just as we have done in the past.
    I agree with this... on the scale of the ****storm, Canada's going to do all right all things considered... Canada is VERY resource rich, not just in oil, but also in things like Uranium, and potash (thankfully that was not sold to the Chinese).

    That said, don't think that Canada is immune to the economic crisis... they got many of the same scams and frauds that the americans have been dealing with... but with 1/10th the people, the scale of the fraud is also about 1/10th... which is still pretty much an impossible fraud to pay back on though regardless. Also, canada DOES depend on a healthy US dollar and has effectively had a policy of ensuring that the Canadian dollar stays close to, but below parity with the US dollar, for the most part at least....

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    Re: Canada Slashes Business Levies

    Quote Originally Posted by BmanMcfly View Post
    I agree with this... on the scale of the ****storm, Canada's going to do all right all things considered... Canada is VERY resource rich, not just in oil, but also in things like Uranium, and potash (thankfully that was not sold to the Chinese).

    That said, don't think that Canada is immune to the economic crisis... they got many of the same scams and frauds that the americans have been dealing with... but with 1/10th the people, the scale of the fraud is also about 1/10th... which is still pretty much an impossible fraud to pay back on though regardless. Also, canada DOES depend on a healthy US dollar and has effectively had a policy of ensuring that the Canadian dollar stays close to, but below parity with the US dollar, for the most part at least....
    Canada has held up well because raw material prices have held up well.

    This is not due to being next to the US, but due to the demand for the raw materials in China, India and some other developing nations. Manufacturing in Ontario and Quebec have been devastated
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    Re: Canada Slashes Business Levies

    Quote Originally Posted by apdst View Post
    Canada doesn't have any of that?

    I've been paying business taxes for ten years, now and I've never paid zero.
    So you are a multibillion dollar business?
    PeteEU

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    Re: Canada Slashes Business Levies

    Quote Originally Posted by PeteEU View Post
    So you are a multibillion dollar business?
    Multimillion dollar businesses don't pay nothing, either.

    Any business that reports a profit, pays taxes on that profit.

    The fairy tale that million dollar+ corporations don't pay income taxes, at all, is the best brainwashing job in modern times.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Canada Slashes Business Levies

    Quote Originally Posted by Lord Tammerlain View Post
    Of course personal taxes are going up
    Focus was on business, but you are right... on a personal level... neither are that attractive.

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    when you have NO MORAL COMPASS.

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    Re: Canada Slashes Business Levies

    Quote Originally Posted by zimmer View Post
    Focus was on business, but you are right... on a personal level... neither are that attractive.

    .
    Cutting taxes when you have a deficit is not a good thing either, as the deficit will have to be paid in the future through higher taxes. Controlling spending (which has been done in Canada) to eliminate the deficit and pay down debt would be my ideal. I would much rather have a surplus and use it to pay down the debt then see tax cuts and deficit spending
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