Tax News

Oil industry pushing for carbon tax in Alberta

The biggest players in Canada's oil and gas industry are urging Alberta's government to step up its environmental policies and introduce a carbon tax. Alberta already has carbon pricing, but the program is limited and it will expire in the next few months. Suncor CEO Steve Williams told a crowd in downtown Calgary on Friday that change is needed in Alberta to improve Canada's global reputation.

  • Alberta NDP leader Notley gives first news conference as Premier elect in Edmonton
    Incoming Alberta premier to announce … Reuters - Wed, 20 May, 2015

    Rachel Notley, premier-elect of the Canadian province of Alberta, said on Wednesday she expects to announce her cabinet on May 24, a week before her left-leaning New … More »Incoming Alberta premier to announce …

    Alberta NDP leader Notley gives first news conference as Premier elect in Edmonton

    Rachel Notley, premier-elect of the Canadian province of Alberta, said on Wednesday she expects to announce her cabinet on May 24, a week before her left-leaning New Democratic Party takes power after dethroning the long-ruling Progressive Conservatives. Notley's victory earlier this month brought an end to the Progressive …

  • Comparing royalty rates in Alberta, Saskatchewan, Texas and North Dakota
    Comparing royalty rates in Alberta, … CBC - Wed, 20 May, 2015

    Soon after, twoenergy companies suggested they would consider moving more of their investment dollars to Saskatchewan, in reaction to the promised review of Alberta's … More »Comparing royalty rates in Alberta, …

    Comparing royalty rates in Alberta, Saskatchewan, Texas and North Dakota

    Soon after, twoenergy companies suggested they would consider moving more of their investment dollars to Saskatchewan, in reaction to the promised review of Alberta's royalty structure. It's one of those oilpatch truisms that the capital investment will flow to where it will make the most money. So with that in mind, we …

  • Fossil fuels get global $5.3 trillion … CBC - Tue, 19 May, 2015

    The IMF estimates that governments are providing a $5.3 trillion US "subsidy" to the fossil fuel sector in 2015 by failing to account for its harmful effects on the environment … More »Fossil fuels get global $5.3 trillion …

    The IMF estimates that governments are providing a $5.3 trillion US "subsidy" to the fossil fuel sector in 2015 by failing to account for its harmful effects on the environment and human health. Described as a "post-tax" subsidy, the figure doesn't take into account the pre-tax incentives used to encourage exploration …

  • A Deutsche Bank office is reflected in a puddle in Hanau
    Deutsche heads the queue of banks prepping … Reuters - Tue, 19 May, 2015

    By Thomas Atkins and Anjuli Davies FRANKFURT/LONDON (Reuters) - Deutsche Bank is considering cutting its UK operations should the country pull out of the European Union … More »Deutsche heads the queue of banks prepping …

    A Deutsche Bank office is reflected in a puddle in Hanau

    By Thomas Atkins and Anjuli Davies FRANKFURT/LONDON (Reuters) - Deutsche Bank is considering cutting its UK operations should the country pull out of the European Union and an industry lobby group said several other banks are mothballing investments until the outcome of Britain's EU referendum is known. Prime Minister …

  • Greek PM Tsipras delivers a speech during the Economist Conference on "Europe: The comeback, Greece: How resilient?" in Athens
    Greece nears debt deal in May as money … Reuters - Mon, 18 May, 2015

    By Lefteris Papadimas and George Georgiopoulos ATHENS (Reuters) - Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund … More »Greece nears debt deal in May as money …

    Greek PM Tsipras delivers a speech during the Economist Conference on "Europe: The comeback, Greece: How resilient?" in Athens

    By Lefteris Papadimas and George Georgiopoulos ATHENS (Reuters) - Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month, the country's finance minister said on Monday, as worries persist over a possible bankruptcy. Athens …

  • RRIF rule changes: Should Ottawa have gone even further?
    RRIF rule changes: Should Ottawa have … CBC - Mon, 18 May, 2015

    With an election just a few months away, the recent federal budget clearly had one eye on eliminating the deficit and one eye on Canada's seniors who — no surprise here … More »RRIF rule changes: Should Ottawa have …

    RRIF rule changes: Should Ottawa have gone even further?

    With an election just a few months away, the recent federal budget clearly had one eye on eliminating the deficit and one eye on Canada's seniors who — no surprise here — go to the polls in large numbers. From a personal finance perspective, much of the reaction was centred on Ottawa's decision to almost double the annual …

  • Taxpayer-supported ad on-message with … CBC - Mon, 18 May, 2015

    When focus groups rounded up by the federal government viewed a recent Finance Department test ad promoting tax benefits, they found it short on detail. Critics say … More »Taxpayer-supported ad on-message with …

    When focus groups rounded up by the federal government viewed a recent Finance Department test ad promoting tax benefits, they found it short on detail. Critics say this bolsters their case that Stephen Harper's Conservatives are using taxpayer-funded government advertising to promote their party and win votes in the upcoming …

  • Cranes are parked in a company compound in Tokyo
    Japan machinery orders rise, but weak … Reuters - Sun, 17 May, 2015

    By Tetsushi Kajimoto TOKYO (Reuters) - Japan's core machinery orders grew in March for the first time in two months but they are seen slipping in the current quarter, … More »Japan machinery orders rise, but weak …

    Cranes are parked in a company compound in Tokyo

    By Tetsushi Kajimoto TOKYO (Reuters) - Japan's core machinery orders grew in March for the first time in two months but they are seen slipping in the current quarter, suggesting that weak capital spending could further sap momentum from an economy struggling to rebound from a recession. The 2.9 percent month-on-month …

  • People watch tv screen with Andrzej Duda talking during his first face-to-face televised debate with Poland's President Komorowski at the bar in Warsaw
    Polish challenger Duda calls for new … Reuters - Sun, 17 May, 2015

    By Marcin Goettig WARSAW (Reuters) - Polish presidential candidate Andrzej Duda said on Sunday Poland should introduce new taxes on banks and large supermarket networks … More »Polish challenger Duda calls for new …

    People watch tv screen with Andrzej Duda talking during his first face-to-face televised debate with Poland's President Komorowski at the bar in Warsaw

    By Marcin Goettig WARSAW (Reuters) - Polish presidential candidate Andrzej Duda said on Sunday Poland should introduce new taxes on banks and large supermarket networks to protect Polish businesses. Duda won the first round of presidential elections last week and polls give him a lead ahead of incumbent Bronislaw Komorowski …

  • Worker cleans an exterior of a building next to a KFC restaurant in Beijing
    Yum China spinoff becoming more probable: … Reuters - Fri, 15 May, 2015

    (Reuters) - The likelihood is growing that Yum Brands Inc will spin off its China business, J.P. Morgan said in a client note, upgrading the company's shares to "overweight" … More »Yum China spinoff becoming more probable: …

    Worker cleans an exterior of a building next to a KFC restaurant in Beijing

    (Reuters) - The likelihood is growing that Yum Brands Inc will spin off its China business, J.P. Morgan said in a client note, upgrading the company's shares to "overweight" from "neutral". Yum, owner of the KFC and Pizza Hut brands, gets about a third of its operating income and half of its revenue from China, where …

  • Pre-election travels of main party leaders reveal hopes and fears
    Canada's New Democrats overtake … Reuters - Thu, 14 May, 2015

    Canada's left-leaning New Democratic Party (NDP), which stormed to victory in a provincial election in conservative Alberta this month, has vaulted from third to first … More »Canada's New Democrats overtake …

    Pre-election travels of main party leaders reveal hopes and fears

    Canada's left-leaning New Democratic Party (NDP), which stormed to victory in a provincial election in conservative Alberta this month, has vaulted from third to first place in national support, a public opinion poll showed on Thursday.

  • Quebec's tax agency raids Uber's … Reuters - Thu, 14 May, 2015

    By Allison Lampert MONTREAL (Reuters) - The tax authorities in the Canadian province of Quebec raided the Montreal offices of ride-hailing company Uber on Thursday in … More »Quebec's tax agency raids Uber's …

    By Allison Lampert MONTREAL (Reuters) - The tax authorities in the Canadian province of Quebec raided the Montreal offices of ride-hailing company Uber on Thursday in an investigation of possible tax-related infractions, the latest in a series of challenges to the pioneering online taxi firm. Revenu Québec had two search …

  • Stephen Harper, Prime Minister of Canada, addresses the 69th United Nations General Assembly at the U.N. headquarters in New York
    Canada PM: data indicate Canadians' … Reuters - Thu, 14 May, 2015

    OTTAWA (Reuters) - All data indicate that Canadians' mortgage debt loads are "very manageable" but some people are over exposed, Prime Minister Stephen … More »Canada PM: data indicate Canadians' …

    Stephen Harper, Prime Minister of Canada, addresses the 69th United Nations General Assembly at the U.N. headquarters in New York

    OTTAWA (Reuters) - All data indicate that Canadians' mortgage debt loads are "very manageable" but some people are over exposed, Prime Minister Stephen Harper said on Thursday. "It remains our analysis ... that the Canadian housing sector should be strong and stable over the longer term," Harper …

  • Passengers sit inside a bus in front of a Wal-Mart store in Mexico City
    Exclusive: Wal-Mart improves lobbying … Reuters - Wed, 13 May, 2015

    By Nathan Layne CHICAGO (Reuters) - Wal-Mart Stores said it will start disclosing directly to investors what it spends on lobbying on a state-by-state basis, responding … More »Exclusive: Wal-Mart improves lobbying …

    Passengers sit inside a bus in front of a Wal-Mart store in Mexico City

    By Nathan Layne CHICAGO (Reuters) - Wal-Mart Stores said it will start disclosing directly to investors what it spends on lobbying on a state-by-state basis, responding to shareholder pressure to improve transparency on how the retailing giant seeks to influence public policy.     The previously unreported move would …

  • Mining towns in Ontario feel shortchanged on resource riches
    Mining towns in Ontario feel shortchanged … CBC - Wed, 13 May, 2015

    Ontario mining towns with rich gold and nickel deposits sit on billions in resources, but they feel poor and ignored. The northern leaders often appear to be stuck in … More »Mining towns in Ontario feel shortchanged …

    Mining towns in Ontario feel shortchanged on resource riches

    Ontario mining towns with rich gold and nickel deposits sit on billions in resources, but they feel poor and ignored. The northern leaders often appear to be stuck in a perpetual fight to squeeze more money and basic information from mining companies and the provincial government. Red Lake is built on gold. Like many …

  • How CBC found the secret diamond royalty

    For stones prized for their brilliance and clarity, the true value of Ontario's only diamond mine was murky — until the CBC investigation. The Michener-Deacon Fellowship for Investigative Journalism allowed me the time to dive into Ontario's opaque accounting. For months, no one in the Ontario government or De Beers Canada …

  • Diamond royalties a closely guarded secret in Ontario

    Ontario's only diamond mine is known for its exceptional quality stones, but according to official documents, the provincial government made more money on salt royalties in 2013-14 than diamonds. De Beers Canada, which owns the only diamond mine in the province, paid $226 in royalties while salt netted the province $3.89 …