Quote:
Originally Posted by Locke
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.
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Still lower than the U.S. though, is it not? And we still also have a massive problem with corporations not reinvesting their profits.