Category Archives: Taxes
Speculation tax doesn’t go far enough, Burnaby councillor says
By Drew Penner Burnaby councillor Nick Volkow is newly single. His life changed forever when his wife passed away a year-and-a-half ago. In recent days he’s been pondering the next steps in his own life. But the 22-year Council veteran
BC exempts vacation homes from speculation tax
By Drew Penner The bureaucrats have done their tinkering and the new-and-improved levy on people taking advantage of hot West Coast real estate has been unfurled. BC Finance Minister Carole James said despite revising speculation tax rules to exclude a
Realtors question legality of new taxes as foreign buyers exit cooling Vancouver housing market giving locals hope
By Drew Penner Within real estate circles, the effect of new taxes aimed at foreign buyers cashing in on Vancouver’s superheated housing market has been palpable. Shawn Anderson, a realtor with Engel & Völkers Vancouver, says the change has been
Petition calls for housing speculation tax in BC budget and crackdown on money laundering, shady realtors
By ThinkPol Staff A petition has been launched to urge British Columbia’s NDP-led government to introduce a housing speculation tax along with a special taskforce to crackdown on money laundering and unethical practices by realtors in Metro Vancouver’s real estate
CRA to tighten voluntary disclosure program
By ThinkPol Staff Canada’s tax agency will tighten the controversial program that allowed wealthy tax evaders to turn themselves in without fear of prosecution or civil penalties. The Canada Revenue Agency’s (CRA) Voluntary Disclosures Program (VDP) was set up in
Harper signed trade deal with Panama encouraging tax evasion
Former Prime Minister Stephen Harper signed a trade deal with Panama in 2010, which encourages tax evasion by Canadian companies, according to experts. Todd Tucker, research director at Public Citizen’s Global Trade Watch, warned Parliamentarians that the Canada-Panama Free Trade
Budget 2016: CRA gets $444 million to go after tax dodgers
Canada’s federal budget 2016 earmarked nearly $444 million over five years for the Canada Revenue Agency to go after tax cheats, amid revelations that the government’s tax collector offered an amnesty to wealthy clients of KPMG who took part in
Civil society cautiously optimistic of federal budget
Civil society groups are welcoming federal budget with cautious optimism while insisting that more needs to be done to undo damage from Former Prime Minister Stephen Harper’s decade in power. “This budget provides something that’s been missing for a long
Corporate tax cuts contributed to slower economic growth, study finds
Corporate income tax cuts have lead to slower economic growth, a study released today by the Canadian Centre for Policy Alternatives (CCPA) has found – a finding that flies in the face of claims by both Liberal and Conservative governments
Another “natural person” tax “educator” sentenced to four years in prison
A Quebec man was sentenced to four years in prison today by a Court of Quebec judge in Sherbrooke for “educating” individuals to avoid paying taxes using the discredited “natural person theory”, a day after a British Columbia court handed