My first job in Canada was to create one or two corporations every day for the country’s richest individual and industrialist, E. P. Taylor. This was because my boss, Taylor’s tax lawyer, divided Taylor’s huge income into thousands of new corporations to pay a tiny small business income tax. Taylor, who treated taxes like a… Read More
For those unaware of his theatrics, Depardieu left France last month in a huff over its proposed 75% income taxes on rich people.
I occupy the unenviable position of being both a Canadian and an American citizen which means that I must file and pay taxes to each country. The Americans, and now the Australians, are the only nations that tax people on the basis of citizenship irrespective of residency. So whatever taxes I pay in Canada on… Read More
President Barack Obama made history again Tuesday as the first incumbent since 1936 to be re-elected while unemployment exceeded 7.2%.
Mitt Romney has every right in the world to keep his tax returns private, but not as a Presidential candidate.
The condo bubbles in Toronto and Vancouver are caused by foreign speculation and are making housing unaffordable and creating financial risk for the country in terms of government-insured mortgages. But there’s another issue of vital concern to taxpayers.
There are three times more condo high-rises being built in Toronto than in New York City and seven times’ more than in Chicago. This boom is not the market at work, but is manipulation by “hot money” from abroad.