ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
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Canada<br />
2.3 Tax <strong>policy</strong> <strong>outlook</strong> <strong>for</strong> <strong>2015</strong> — summary<br />
Corporate income <strong>tax</strong> burden<br />
X<br />
Lower No change Higher<br />
Personal income <strong>tax</strong> burden<br />
X<br />
Lower No change Higher<br />
Modest reduction — as a result of a federal family <strong>tax</strong> cut of up to C$2,000 <strong>for</strong> couples with children under age 18<br />
<br />
VAT/GST/sales <strong>tax</strong> burden<br />
X<br />
Lower No change Higher<br />
2.4 Tax <strong>policy</strong> <strong>outlook</strong> <strong>for</strong> <strong>2015</strong> — detail<br />
Corporate income <strong>tax</strong>es<br />
• Income <strong>tax</strong> rates are not expected to change. The<br />
<br />
international aggressive <strong>tax</strong> avoidance by multinational<br />
enterprises.” Areas of review include transfer pricing<br />
<br />
deductibility and <strong>tax</strong> deferral arrangements.<br />
2.5 Fiscal stimulus in <strong>2015</strong><br />
<br />
<br />
<br />
<br />
<br />
Taxes on wages and employment<br />
• Income <strong>tax</strong> rates are not expected to change. The<br />
<br />
measures, targeted <strong>tax</strong> credits, <strong>tax</strong>ation of high net worth<br />
individuals, and contributions to and investments by <strong>tax</strong><br />
deferred plans (RRSP, RRIF, RCA and TFSA).<br />
VAT, GST and sales <strong>tax</strong>es<br />
• There are ongoing ef<strong>for</strong>ts to have remaining provinces<br />
harmonize with the federal system and review of the<br />
<br />
The <strong>outlook</strong> <strong>for</strong> <strong>global</strong> <strong>tax</strong> <strong>policy</strong> in <strong>2015</strong> |<br />
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