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For summaries of the most recent regional, national and international news stories pertaining to chartered accountants and the Alberta CA profession, please see the articles below.
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Canada has the second lowest tax cost for businesses among 10 countries studied by KPMG for a special report on tax in Competitive Alternatives 2010, the firm’s guide to international business location. The ranking reflects a story that’s often untold outside the tax and accounting world—Canada’s trend toward corporate tax cuts over the past few years. These include recent cuts to both federal and provincial corporate tax rates, the elimination of capital taxes and some payroll taxes, plus the new Harmonized Sales Tax (HST) in Ontario and BC, another business-friendly tax change. Tax incentives such as R&D credits also help to boost Canada’s ranking in the report.
http://www.camagazine.com/taxsurvey2010/default.aspx
CA Magazine