News Room

KBR Poll: A Huge Opportunity for Tax Reforms

The Knowledge Bureau News Network was vibrant last month, especially in the Knowledge Bureau Report Poll. Over 98% of readers who answered overwhelmingly were in favor of tax reforms and they had some great comments as well. Take a look:

Michelle Connolly: Taking a balanced approach to decision-making

“Taxes should not wag the investment dog,” says Michelle Connolly. Nor, she adds, should investment decisions ignore potential tax consequences.

Canada’s “gender gap” is growing

Canada’s ranking in the World Economic Forum’s Global Gender Gap Index has slipped, to 21 in 2012 from 18 in 2011.

The CRA goes after gifting tax shelters

The Canada Revenue Agency (CRA) has had enough of gifting tax shelter schemes and is taking action.

Evelyn Jacks: Planning to leave work means planned savings

If early retirement — enforced or chosen — is in the cards, take advantage of employer-provided pre-retirement counseling. This tax-free benefit can save you money.

Sometimes it’s all about the proper procedure

If you are disputing a re-assessment of your income tax filing with the Canada Revenue Agency (CRA), failing to choose the appropriate appeal procedure can prove very costly.

Forecasters’ moderate outlook

Look for slower growth in gross domestic product (GDP) in 2013 before it picks up again in 2014, say private-sector forecasters.
 
 
 
Knowledge Bureau Poll Question

Does the new government’s promise, expected soon, to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs? What are alternatives in your view?

  • Yes
    5 votes
    9.8%
  • No
    46 votes
    90.2%