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Banking on tax cuts
Sunday, March 6th, 2011
Mar 04 2011
Economists estimate the finance industry as a whole will save $1.5 billion annually once planned reductions in the federal corporate income tax rate from 18 per cent last year, to 16.5 per cent in 2011 and 15 per cent in 2012 are in place. That $1.5 billion, coincidentally, is exactly what the federal government estimates it would have cost to temporarily expand benefits for Canada’s unemployed, an extension that is being eliminated this month under the Harper government’s plan to phase out its stimulus package.
Tags: budget, featured, ideology, tax
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