Economists continue to be optimistic because of a combination of positive factors
The strong global demand for resources should keep the three territories’ economies humming
Reduction in corporate and small business tax rates are positive steps
Taylor tables 2008 budget
When Alberta’s economy crashes, you really know it. There are mass layoffs, foreclosures, bankruptcies, empty office towers, weed-eaten industrial parks, homeowners walking away from mortgages, sports cars and fancy trucks being practically given away in the Bargain Finder, hours of shouting on talk radio and rueful country and western tunes. Yet, little of that is […]
There’s no doubt that new Brunswick’s forestry industry was dealt a knockout punch in 2007.With its profitability solely dependent on the long-gone weakness of the Canadian dollar against the U.S. greenback, the industry has been decimated. Instead of updating old technology and improving efficiency, mill owners, large and small, have gambled away the province’s largest […]
Albertans like their cowboy hats big, their steaks bigger and their taxes simple. That’s the consensus from a panel of experts in the only province in Canada with a flat provincial income tax rate.For the past six years, residents of Canada’s fastest-growing economy have paid a 10% tax on their income, regardless of whether they […]
As the fallout from the demise of the Crocus Investment Fund continues to wash through Manitoba financial circles, the provincial government has quietly put a new tax measure in place, hoping to coax venture capital from the pockets of sophisticated investors. The community development investment tax credit is designed to generate capital for small and […]
Province extends LSIF tax credit
In its annual report on Manitoba, Moody’s Investors Service says that the province’s Aa1 debt rating reflects sound fiscal policies that have helped to generate positive consolidated outcomes and improve its financial position. The rating is also supported by Manitoba’s diversified economy.“Over the past several years, the province’s sound fiscal policy has sought to align […]