Quote:
Originally Posted by rubecube
A business that can't support itself on a 12% corporate tax rate probably shouldn't be in business, as it's likely not sustainable long term.
|
I should point out that the stated Federal tax rate is 38% with a 10% abatement, and now the provincial tax rate is 12%.
So the combined stated tax rate is closer to 40% for businesses earning in excess of $500K.
The reason its a big deal is because its pretty much the single biggest expense.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
|