The document discusses factors that influence business investment attraction in Canada, including taxation rates, regulations, input costs, and infrastructure. It also summarizes the NDP's tax policies, including reducing the small business tax rate and emphasizing research and development. Finally, it provides an overview of corporate tax rates and policies in Canada, the US, and other countries.
This document discusses internal trade within Canada, including GDP, manufacturing sales, productivity, and barriers to trade for small and medium-sized enterprises (SMEs). It notes that internal barriers could cost the Canadian economy up to $12.8 billion per year by damaging productivity, competitiveness, and Canada's reputation as a place to do business. The document also covers topics like east-west pipelines, trade disputes between provinces, and various news articles related to energy pipeline projects and provincial disagreements.
Key market and industry indicators for canada january 2015paul young cpa, cga
This document provides an overview of key economic indicators and trends for Canada and its provinces in January 2015. It summarizes data on the automotive sector, manufacturing sales, housing starts, trade, commodity prices, and other indicators. In addition, it outlines recent economic news and policies affecting sectors like oil/gas, mining, agriculture, and manufacturing across Canadian provinces.
This presentation will look at key commitments made during the 2015 election as part evaluating the government performance on key files.
This presentation is one opinion as such it is up to individuals to do their own research as part of understanding if the Liberal Party of Canada has met its election promises.
This presentation discusses the role of corporate taxation in terms of taxation policies for a country. The presentation will show flow taxation as well as how corporation contribute payroll taxes, GST, etc to government taxation. It is taxation that funds program spending.
This presentation will discuss Ontario's economy including areas like FDI, Hydro Rates, Capital Investment, Taxation and Carbon Taxation.
The presentation will look at economic data related to housing starts, retail sales, exports and manufacturing.
The presentation will also highlight government policies in areas like hydro rates, innovation, carbon taxation and debt/deficit.
NDP is a good party to keep government honest, but to lead that would be a big mistake. NDP's policies of keeping goods in the ground, higher taxes for business and handouts are a recipe for economic and fiscal ruin.
The document compares the social and economic policies of Scandinavia (Denmark, Sweden, Norway, and Finland) and Canada. Some key points of comparison include:
- Scandinavian countries have higher corporate and personal income tax rates than Canada. They also have higher VAT (value-added tax) rates.
- Scandinavian countries tend to have higher standards of living, lower poverty rates, and less income inequality than Canada. However, they also have higher costs of living.
- While Scandinavian countries invest heavily in social programs, their economies could be negatively impacted by very high taxes and regulatory costs that reduce competitiveness. Canada aims to balance social programs with competitiveness in the larger North American market.
This document discusses internal trade within Canada, including GDP, manufacturing sales, productivity, and barriers to trade for small and medium-sized enterprises (SMEs). It notes that internal barriers could cost the Canadian economy up to $12.8 billion per year by damaging productivity, competitiveness, and Canada's reputation as a place to do business. The document also covers topics like east-west pipelines, trade disputes between provinces, and various news articles related to energy pipeline projects and provincial disagreements.
Key market and industry indicators for canada january 2015paul young cpa, cga
This document provides an overview of key economic indicators and trends for Canada and its provinces in January 2015. It summarizes data on the automotive sector, manufacturing sales, housing starts, trade, commodity prices, and other indicators. In addition, it outlines recent economic news and policies affecting sectors like oil/gas, mining, agriculture, and manufacturing across Canadian provinces.
This presentation will look at key commitments made during the 2015 election as part evaluating the government performance on key files.
This presentation is one opinion as such it is up to individuals to do their own research as part of understanding if the Liberal Party of Canada has met its election promises.
This presentation discusses the role of corporate taxation in terms of taxation policies for a country. The presentation will show flow taxation as well as how corporation contribute payroll taxes, GST, etc to government taxation. It is taxation that funds program spending.
This presentation will discuss Ontario's economy including areas like FDI, Hydro Rates, Capital Investment, Taxation and Carbon Taxation.
The presentation will look at economic data related to housing starts, retail sales, exports and manufacturing.
The presentation will also highlight government policies in areas like hydro rates, innovation, carbon taxation and debt/deficit.
NDP is a good party to keep government honest, but to lead that would be a big mistake. NDP's policies of keeping goods in the ground, higher taxes for business and handouts are a recipe for economic and fiscal ruin.
The document compares the social and economic policies of Scandinavia (Denmark, Sweden, Norway, and Finland) and Canada. Some key points of comparison include:
- Scandinavian countries have higher corporate and personal income tax rates than Canada. They also have higher VAT (value-added tax) rates.
- Scandinavian countries tend to have higher standards of living, lower poverty rates, and less income inequality than Canada. However, they also have higher costs of living.
- While Scandinavian countries invest heavily in social programs, their economies could be negatively impacted by very high taxes and regulatory costs that reduce competitiveness. Canada aims to balance social programs with competitiveness in the larger North American market.
This presentation will look the work Conservative Party of Canada under Prime Minster Stephen Harper.
The presentation will focus on government spending, taxation, middle class, GDP, Labour Market and other areas
This document provides reasons for not voting for the NDP party, written by Paul Young CPA, CGA. It begins with Paul Young's background and credentials. It then outlines an agenda covering who the NDP is, past NDP governments, the Leap Manifesto, the economy under NDP leadership, and specific policy issues. It lists the top 10 reasons not to vote NDP, including that the NDP is anti-business, has not balanced budgets, and supports higher taxes. It then discusses additional NDP policies and critiques of NDP leadership in various provinces.
Paul Young is a CPA and subject matter expert in various financial and business fields. He provides an overview of Alberta's fiscal and economic situation. Alberta has no clear plan to balance its budget, and debt servicing costs are close to $2 billion annually. While the government spends on clean technology initiatives, new jobs have primarily been in the public sector, not private. Healthcare spending is high but wait times remain an issue. Education spending is also high but results are solid. Reducing operating expenses and capital spending are prudent moves in a recession. However, poverty rates remain high and the oil sector faces challenges with market access.
Alberta has no path to balance budget
Alberta’s debt service costs are now close to $2B/year
Alberta using the same failed model as Ontario when incomes to funding clean technology
AB new jobs have been public sector and not private sector.
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
Paul Young, a CPA and CGA, analyzes wages and economic issues in Canada. He notes that wages have struggled to keep pace with inflation. While unemployment has dropped, businesses report difficulties filling jobs, yet no clear explanation has emerged for weak wage growth. Middle and lower income Canadians benefited most from past tax cuts. The next government must focus on tax fairness, embracing technology, resolving trade issues, addressing skills gaps, and making Canada more open and competitive for business through regulatory reform and a balanced economic approach.
This document provides a summary and analysis of policies from the NDP, Liberals, and PC parties in Ontario on issues related to the economy and public services. It includes sections on job creation, government spending, healthcare, education, municipal issues, hydro rates, taxes on the top 1%, and competitiveness. For each issue, it provides data and links to sources analyzing the impact and track record of each party. The author is a CPA who operates as a consultant providing financial solutions and analysis on various public policy issues.
The document analyzes the revenue and spending proposals of Ontario's three main political parties. It finds that the Progressive Conservatives plan to stimulate investment through corporate tax cuts and generate transit funding through interest income. The NDP aims to increase revenue from tax loopholes and higher corporate taxes to fund jobs credits and transit. The Liberals propose a new pension plan tax, gas tax, and corporate taxes to fund transit while limiting expense growth through public sector wage freezes.
Canada continues to face hurdles when it comes to addressing issues with productivity.
1. Canada productivity – https://cabe.ca/webinar/rhetoric-vs-results-shaping-policy-to-benefit-canadas-middle-class/
2. Middle class - https://cabe.ca/webinar/rhetoric-vs-results-shaping-policy-to-benefit-canadas-middle-class/
3. Supply chain - https://fortune.com/2021/12/01/port-of-vancouver-flooding-supply-chain-disruption-logistics/
4. Mining - https://www.mining.com/canadas-mining-sector-top-target-market-for-fdi-deals-from-asia-pacific-region/
5. Top manufacturers - https://clutch.co/ca/logistics/manufacturing-companies
6. Automation - https://www.prnewswire.com/news-releases/robot-race-the-worlds-top-10-automated-countries--international-federation-of-robotics-reports-301216237.html
7. Agriculture - https://www.realagriculture.com/2021/11/canadian-government-still-undecided-on-u-s-invitation-to-join-coalition-focused-on-agricultural-productivity/
8. Canada is rank 13th on global resiliency for 2021 - https://newsroom.fmglobal.com/releases/denmark-bumps-norway-from-top-spot-in-the-2021-fm-global-resilience-index as compare to compared to 8th in 2015 - https://newsroom.fmglobal.com/releases/denmark-bumps-norway-from-top-spot-in-the-2021-fm-global-resilience-index
9. Australia continues to outpace Canada in terms of developing its natural resources in a sustainable way - https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2020 or https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2020
10. CAN’s natural resources wealth decline in 2020.The effective tax rate was unchanged from 2018 to 2019 for high-income earners. Dividend income led to rising in total income. https://www.slideshare.net/paulyoungcga/wealth-and-taxation-fairness-november-2021
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
Unions have a role to ensure they work with companies as part of the collective bargaining agreement
Unions have said little or nothing when it comes to policies that hinder Canada’s competitive position
CPC introduced oversight which was reversed by Trudeau and the Liberals - http://business.financialpost.com/opinion/trudeau-gives-big-labour-a-pass
People need to review all aspects of the various parties platform including looking at the annual report for government.
There is allot of information that is missing from statements made by various parties. Elections tend to allow parties to mislead the facts.
Government policies and issues - Municipalities and Cities - Canada - july 2017paul young cpa, cga
It is very easy to print money via taxation, but it is more difficult to fix systemic issues with delivering of taxation to various municipal programs.
This presentation includes a look at all levels of government undertaking more value for money audits. Some of the value for money audits could be set up via automation through triggers as way to ensure taxpayers dollars are maximised as part of delivering program spending.
This document provides a summary and analysis of Canada's fiscal situation in October 2017 by Paul Young CPA, CGA. It includes an agenda with topics such as the fiscal update, employment, GDP, fiscal management, and risks. Employment growth has been strong but tilted towards self-employment. While GDP growth makes Canada the fastest growing G7 economy, some argue this is primarily due to a rebound in oil and not widespread job growth. Fiscal management and deficits under the Liberal government are also discussed and analyzed critically. Consumer confidence declined in September due to concerns around housing and personal finances. Risks mentioned include the upcoming federal carbon tax and its potential economic impacts, NAFTA renegotiations, the housing market, and slow
This presentation discusses Harper 2011 mandate along with policies related to various budget cycles for government
*** The presentation will have analysis and comments from Thomas Mulcair (NDP), Justin Trudeau (LPC) and the private sector.
Economic policies analysis - liberal party of canada, ndp and cpc - electio...paul young cpa, cga
Analysis of economic policies for NDP, LPC and CPC for the 2015 election
*** Analysis of key sectors including statements from parties as well as the private sectors
*** Analysis looks at impact including policies on revenues for the government
This presentation will provide key rankings along with blogs to provide information as way for people to assess whether or not Justin Trudeau and his team are either a success or failure
Key market and industry indicators for canada december 2014paul young cpa, cga
This document provides a summary of key economic indicators for various sectors and regions across Canada, including automotive production, manufacturing sales, housing starts, commodity prices, and mining outlook. Links are provided to recent news articles related to economic development in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, PEI, Nova Scotia, Newfoundland, as well as indicators on retail sales, GDP growth, and venture capital funding.
Key industry and market indicators for september 2015 canada and north amer...paul young cpa, cga
The document provides an overview and analysis of economic trends in various sectors of the Canadian economy in September 2015. It discusses automotive production and sales, international trade, manufacturing trends, the transportation sector, housing starts, agriculture equipment, commodity prices, mining issues, oil and gas, machinery, steel, food processing, green technology, provincial innovation, GDP, retail sales, employment, wages, consumer prices, wholesale prices, currency rates, global trends, and government policies including corporate taxation. Analysis is also provided of small business trends and corporate cash flow.
This presentation will look the work Conservative Party of Canada under Prime Minster Stephen Harper.
The presentation will focus on government spending, taxation, middle class, GDP, Labour Market and other areas
This document provides reasons for not voting for the NDP party, written by Paul Young CPA, CGA. It begins with Paul Young's background and credentials. It then outlines an agenda covering who the NDP is, past NDP governments, the Leap Manifesto, the economy under NDP leadership, and specific policy issues. It lists the top 10 reasons not to vote NDP, including that the NDP is anti-business, has not balanced budgets, and supports higher taxes. It then discusses additional NDP policies and critiques of NDP leadership in various provinces.
Paul Young is a CPA and subject matter expert in various financial and business fields. He provides an overview of Alberta's fiscal and economic situation. Alberta has no clear plan to balance its budget, and debt servicing costs are close to $2 billion annually. While the government spends on clean technology initiatives, new jobs have primarily been in the public sector, not private. Healthcare spending is high but wait times remain an issue. Education spending is also high but results are solid. Reducing operating expenses and capital spending are prudent moves in a recession. However, poverty rates remain high and the oil sector faces challenges with market access.
Alberta has no path to balance budget
Alberta’s debt service costs are now close to $2B/year
Alberta using the same failed model as Ontario when incomes to funding clean technology
AB new jobs have been public sector and not private sector.
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
Paul Young, a CPA and CGA, analyzes wages and economic issues in Canada. He notes that wages have struggled to keep pace with inflation. While unemployment has dropped, businesses report difficulties filling jobs, yet no clear explanation has emerged for weak wage growth. Middle and lower income Canadians benefited most from past tax cuts. The next government must focus on tax fairness, embracing technology, resolving trade issues, addressing skills gaps, and making Canada more open and competitive for business through regulatory reform and a balanced economic approach.
This document provides a summary and analysis of policies from the NDP, Liberals, and PC parties in Ontario on issues related to the economy and public services. It includes sections on job creation, government spending, healthcare, education, municipal issues, hydro rates, taxes on the top 1%, and competitiveness. For each issue, it provides data and links to sources analyzing the impact and track record of each party. The author is a CPA who operates as a consultant providing financial solutions and analysis on various public policy issues.
The document analyzes the revenue and spending proposals of Ontario's three main political parties. It finds that the Progressive Conservatives plan to stimulate investment through corporate tax cuts and generate transit funding through interest income. The NDP aims to increase revenue from tax loopholes and higher corporate taxes to fund jobs credits and transit. The Liberals propose a new pension plan tax, gas tax, and corporate taxes to fund transit while limiting expense growth through public sector wage freezes.
Canada continues to face hurdles when it comes to addressing issues with productivity.
1. Canada productivity – https://cabe.ca/webinar/rhetoric-vs-results-shaping-policy-to-benefit-canadas-middle-class/
2. Middle class - https://cabe.ca/webinar/rhetoric-vs-results-shaping-policy-to-benefit-canadas-middle-class/
3. Supply chain - https://fortune.com/2021/12/01/port-of-vancouver-flooding-supply-chain-disruption-logistics/
4. Mining - https://www.mining.com/canadas-mining-sector-top-target-market-for-fdi-deals-from-asia-pacific-region/
5. Top manufacturers - https://clutch.co/ca/logistics/manufacturing-companies
6. Automation - https://www.prnewswire.com/news-releases/robot-race-the-worlds-top-10-automated-countries--international-federation-of-robotics-reports-301216237.html
7. Agriculture - https://www.realagriculture.com/2021/11/canadian-government-still-undecided-on-u-s-invitation-to-join-coalition-focused-on-agricultural-productivity/
8. Canada is rank 13th on global resiliency for 2021 - https://newsroom.fmglobal.com/releases/denmark-bumps-norway-from-top-spot-in-the-2021-fm-global-resilience-index as compare to compared to 8th in 2015 - https://newsroom.fmglobal.com/releases/denmark-bumps-norway-from-top-spot-in-the-2021-fm-global-resilience-index
9. Australia continues to outpace Canada in terms of developing its natural resources in a sustainable way - https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2020 or https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2020
10. CAN’s natural resources wealth decline in 2020.The effective tax rate was unchanged from 2018 to 2019 for high-income earners. Dividend income led to rising in total income. https://www.slideshare.net/paulyoungcga/wealth-and-taxation-fairness-november-2021
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
Unions have a role to ensure they work with companies as part of the collective bargaining agreement
Unions have said little or nothing when it comes to policies that hinder Canada’s competitive position
CPC introduced oversight which was reversed by Trudeau and the Liberals - http://business.financialpost.com/opinion/trudeau-gives-big-labour-a-pass
People need to review all aspects of the various parties platform including looking at the annual report for government.
There is allot of information that is missing from statements made by various parties. Elections tend to allow parties to mislead the facts.
Government policies and issues - Municipalities and Cities - Canada - july 2017paul young cpa, cga
It is very easy to print money via taxation, but it is more difficult to fix systemic issues with delivering of taxation to various municipal programs.
This presentation includes a look at all levels of government undertaking more value for money audits. Some of the value for money audits could be set up via automation through triggers as way to ensure taxpayers dollars are maximised as part of delivering program spending.
This document provides a summary and analysis of Canada's fiscal situation in October 2017 by Paul Young CPA, CGA. It includes an agenda with topics such as the fiscal update, employment, GDP, fiscal management, and risks. Employment growth has been strong but tilted towards self-employment. While GDP growth makes Canada the fastest growing G7 economy, some argue this is primarily due to a rebound in oil and not widespread job growth. Fiscal management and deficits under the Liberal government are also discussed and analyzed critically. Consumer confidence declined in September due to concerns around housing and personal finances. Risks mentioned include the upcoming federal carbon tax and its potential economic impacts, NAFTA renegotiations, the housing market, and slow
This presentation discusses Harper 2011 mandate along with policies related to various budget cycles for government
*** The presentation will have analysis and comments from Thomas Mulcair (NDP), Justin Trudeau (LPC) and the private sector.
Economic policies analysis - liberal party of canada, ndp and cpc - electio...paul young cpa, cga
Analysis of economic policies for NDP, LPC and CPC for the 2015 election
*** Analysis of key sectors including statements from parties as well as the private sectors
*** Analysis looks at impact including policies on revenues for the government
This presentation will provide key rankings along with blogs to provide information as way for people to assess whether or not Justin Trudeau and his team are either a success or failure
Key market and industry indicators for canada december 2014paul young cpa, cga
This document provides a summary of key economic indicators for various sectors and regions across Canada, including automotive production, manufacturing sales, housing starts, commodity prices, and mining outlook. Links are provided to recent news articles related to economic development in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, PEI, Nova Scotia, Newfoundland, as well as indicators on retail sales, GDP growth, and venture capital funding.
Key industry and market indicators for september 2015 canada and north amer...paul young cpa, cga
The document provides an overview and analysis of economic trends in various sectors of the Canadian economy in September 2015. It discusses automotive production and sales, international trade, manufacturing trends, the transportation sector, housing starts, agriculture equipment, commodity prices, mining issues, oil and gas, machinery, steel, food processing, green technology, provincial innovation, GDP, retail sales, employment, wages, consumer prices, wholesale prices, currency rates, global trends, and government policies including corporate taxation. Analysis is also provided of small business trends and corporate cash flow.
Use the POST Method (People, Objectives, Strategies, Technologies) for creating and deploying social media in healthcare professional education and continuing medical education. Presentation includes free social media tools and step-wise approach for strategically planning your social media presence.
Key industry and market indicators for august 2015 canada and north americapaul young cpa, cga
Key market and industry trends for Canada and rest of the world.
- CPI
- Trade
- Sales
- Trends
- Pricing
- Commodities
- Inflation
- Production volume
- Green Technology
Best Practices in Employee Attraction Recruitment and Retention in ManufacturingHalifax Partnership
With Service Canada funding and with the
co-operation of Canadian Manufacturers &
Exporters, Nova Scotia Division (CME), the
Greater Halifax Partnership researched best
practices in employee attraction, recruitment
and retention in manufacturing. The result of
this research is a working guide. This guide
aims to be an easy-to-use reference to help
manufacturers conquer common HR challenges.
Employee turnover is costly, potentially costing 6-9 months' salary to replace a salaried employee and up to 2x annual salary for higher-level roles. Onboarding is key to retention, but many companies rely on inefficient paper-based processes that negatively impact the employee experience. To improve retention, companies should implement electronic onboarding solutions, create new-hire portals, track onboarding progress, and empower self-service options for employees.
Key industry and market indicators for may 2015 canada and north americapaul young cpa, cga
This document provides a summary of economic trends and policies in Canada for May 2015. It discusses various sectors of the Canadian economy including automotive, manufacturing, trade, housing, commodities, and oil/gas. It also analyzes GDP, employment, retail sales, and policies around taxation, pipelines, resource management, and other provincial issues. The document is an economic report and analysis that aims to give an overview of the current state of the Canadian economy and recent economic policies.
This document discusses trickle-down economics and tax policy in Canada. It provides background on trickle-down theory, how corporate taxation and personal wealth transfer works, and pressures facing the middle class. The presentation analyzes policies under Prime Minister Harper and Trudeau, and debates whether tax cuts are effective at stimulating economic growth. Blog posts further discuss wealth distribution in Canada, the impact of daycare funding and carbon policies on the economy, and arguments for and against tax cuts.
Unemployment is all-time low, but low unemployment does not tell you the complete picture
Canada’s regulatory, hydro and tax policies are driving out business investment
Education is not in alignment with jobs today and tomorrow
All governments are pandering for votes and not what is right for economic development
Positioning You for Success in A VUCA World - members only Professional Issues Update in an interactive townhall format.
Welcome to the new normal or the "VUCA" world as it has been called. VUCA stands for Volatility, Uncertainty, Complexity, Ambiguity. How can you position yourself for success in this VUCA world. Come hear MACPA CEO Tom Hood talk about how to deal with this VUCA world and how to keep your L>C. Tom will cover the latest trends and issues facing the CPA Profession including private company financial reporting, cloud computing, getting past the generational issues, CPA firm of the future and CFO of the future. Tom will cover the latest developments from Washington to Annapolis. Attendees will come away with a personalized action plan to ride the waves of change.
This document provides an overview and analysis of the New Democratic Party (NDP) and their approach to fiscal management and the economy from the perspective of Paul Young CPA, CGA. It discusses NDP provincial governments in several Canadian provinces and their budget balances. It also examines the NDP's Leap Manifesto and comments on the performance of NDP governments in Ontario. Paul Young provides facts and statistics to argue that NDP policies have not necessarily helped economic expansion or growth. The document aims to analyze the NDP's approach to fiscal policy and economic management.
This presentation discuss how trickle down economics. There is allot of misunderstanding on how income flows from Government treasury to social programs.
The presentation will discuss pressure facing the middle class including economic growth.
It is not one government policies, but many that support economic growth.
This presentation will help guide business when it comes to competing in the Global Market place
The presentation will discuss factors like hydro rates, labor rates and overhead
The presentation will look at key government policies in areas like the following
1. Corporate Taxation
2. Carbon Pricing
3. Payroll Taxation
4. Investment and Trade Deals
5. Innovation and R&D - Research and Development
2019 Election| Corporate Tax and Business Competitiveness| Canada| June 2019paul young cpa, cga
This document discusses various topics related to corporate taxation, including:
- How corporate profits flow through mutual funds and institutional investors to governments via taxes.
- Definitions of key terms like dividends, tax avoidance, and the OECD's BEPS initiative.
- Differences between tax avoidance and tax evasion.
- International comparisons of business tax rankings.
- How corporate taxes, income taxes, and other taxes flow to fund government services like schools, hospitals, infrastructure and programs.
- The importance of supporting innovation to drive business growth and jobs.
- Debates around proposals for higher corporate tax rates or taxes on stock options.
This presentation discusses how best to support innovation as part of ensuring Canada's economy is competitive when it comes to growing GDP and good quality jobs
This document provides an agenda and overview for a presentation on how corporate profits flow and issues with corporate taxation. The presentation covers topics such as mutual funds, institutional investors, dividends, investment decisions, types of taxes, tax avoidance, business tax rankings, subsidies, and analysis of corporate financial statements and taxation. It aims to examine these issues and challenges around corporate taxation.
Market set prices for business
Government set policies like environment laws, labour laws, trade/investment, taxation
It is not one policy that drives FDI, but many policies
Liberal Party of Canada Economic Council - Report Analysis paul young cpa, cga
This presentation will analyse the Liberal Party of Canada's Economic Council recommendation on how to grow the economy.
The presentation will look at labor, trade, investment, innovation, productivity, infrastructure and skills development
How best to design Corporate Taxation policies as part of supporting Economic...paul young cpa, cga
This document provides an overview of corporate taxation and how corporate profits flow. It includes sections on mutual funds, institutional investors, dividends, investment decisions, tax avoidance, digital taxes, small business tax reforms, and corporate tax rankings between Canada under Trudeau and Harper. It also discusses blogs on corporate tax, how corporate taxation flows to government, and the role of the Parliamentary Budget Officer related to corporate taxation issues.
This document provides an overview of corporate taxation issues and how corporate profits flow. It defines key terms like mutual funds, institutional investors, dividends, and tax avoidance. It discusses topics such as BEPS, digital taxes, small business tax reforms, business tax rankings, and subsidies. The document also analyzes how investment decisions are made, why countries tax income, and how corporate and business taxation flows to government.
2019 Election| Trickle Down Economics| CPC vs LPC | May 2019paul young cpa, cga
This document discusses trickle down economics and the 2019 Canadian election. It provides background on the author and outlines topics to be covered, including what trickle down economics is, corporate and personal taxation, wealth distribution, the middle class, and tax cuts. The presentation aims to discuss misunderstandings around how wealth flows through the economy and the pressures facing the middle class. It also includes a blog post criticizing Prime Minister Trudeau's views on trickle down economics.
Canada already had a vibrant technology sector
Moving ideas from incubation to market takes time and moneys
Trudeau’s has increase taxes (hikes to CPP – 2019 or Carbon Taxation or elimination of tax credits - https://www.slideshare.net/paulyoungcga/middle-class-canada-february-2018
It will take a balance of policies to support economic. It is not one policy that drives the economy. The Liberals see to focus on increase taxes and giving handouts.
CPC in the past supported wide range of policy changes to support business investment - http://mb.cme-mec.ca/?lid=YXN82-W3NF7-IC132&comaction=show&cid=3CWP8-FKASM-JYNFE
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
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3. Attracting business investments
• Attracting business investment is based on the following factors:
• Taxation (Corporate, Payroll, consumption taxes)
• Regulations
• Input costs (labor, hydro, raw materials, overhead)
• Infrastructure
• Harper’s policies
• New Trade/Investment deals with China, CETA, South Korea, etc.
• Lowered GST and Corporate Tax rates
• Improve/streamlined red tape
• Issues out of Harper’s control
• Hydro Rates,
• New taxation (carbon, payroll, etc)
• Training and skills development
7. NDP Comments / Tax Policies• Mulcair’s policies
Articles
• http://www.ndp.ca/news/tom-mulcairs-speech-economic-club-canada
• http://www.macleans.ca/politics/ottawa/mulcairs-secret-meetings-with-the-tories/
Commentary on the NDP
• I guess Mulcair admired Harper so much that he copied the policies as part of the NDP action plan for the economy
• Mulcair’s speech - http://www.thestar.com/news/canada/2015/01/27/ndp-leader-thomas-mulcair-promises-boost-for-manufacturing-small-
businesses.html
• NDP main planks
• Reduced small business taxes to 9% from 11% (Harper has reduced taxes to 11% with plans over the next few years to bring the rate down
9%) - http://www.cfib-fcei.ca/english/article/7211-budget-2015.html
• Emphasize R&D/Innovation - (Harper has various funds designed to support advance manufacturing, renewable energy, etc. -
http://www.slideshare.net/paulyoungcga/federal-government-programs-canada or http://www.wd.gc.ca/eng/16.asp or
http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/home or
http://www.thestar.com/news/canada/2014/12/07/ottawa_investing_millions_in_pratt_and_whitney_maintaining_and_creating_1500_job
s.html
8. NDP Comments / Tax Policies• Mulcair’s policies
• Focus on small manufacturers - NDP approach is too narrow as you support hiking corporate tax up to 22% for medium to large corporation
and reducing small business tax by 2% over two years. Where is your analysis to support this will help small business -
https://www.ic.gc.ca/eic/site/061.nsf/vwapj/KSBS-PSRPE_July-Juillet2012_eng.pdf/$FILE/KSBS-PSRPE_July-Juillet2012_eng.pdf. It seems to
me that only 1/3 of manufacturers in Canada would be small business, right? So how is NDP program going to help the other 2/3? CME
already complimented Harper on his 2015 Budget - http://www.cme-mec.ca/?action=show&lid=JCKNC-E742G-
1W6JA&comaction=show&cid=X4NX7-CPP8J-8EJNG.
• So, how is the NDP plan not Harper lite? It seems to me that Mulcair is stealing programs from Harper and not introducing anything major in
terms of shift that will impact the economy. FYI – How come Mulcair always talks about information at summary level and not the details:
http://www.slideshare.net/paulyoungcga/key-industry-and-market-indicators-for-may-2015-canada-and-north-america. Yet, exports in
energy have been improving along with other areas. Does Mulcair ever do proper research?
http://www.canadianmanufacturing.com/financing/ndp-leader-mulcairs-corporate-tax-policy-needs-clarity-150026/
• Source:
• Green Technology - http://www.slideshare.net/paulyoungcga/federal-policy-analysis-green-technology-canadaa
• Government Programs - http://www.slideshare.net/paulyoungcga/federal-government-programs-canada
14. Corporation Tax Policies
• Here are some tax treaties or tax policies
• http://canada.marsh.com/NewsInsights/ThoughtLeadership/Articles/ID/4862/Canada-Enters-into-Tax-Agreements-with-Bermuda-
and-Cayman-Islands.aspx
• Tax competitiveness : http://www.kpmg.com/ca/en/issuesandinsights/articlespublications/press-releases/pages/canada-remains-
most-competitive-business-tax-environment.aspx
• Declaration of Foreign Property http://www.fraserandpartners.ca/cra-wants-to-know-more-about-your-foreign-property/
• CRA/CPA Joint Work- http://www.cra-arc.gc.ca/rprsnttvs/cra-cpa-frmwrk/frmwrk-eng.html
• Canada follows the OECD rules with Transfer Pricing -
http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/global-transfer-pricing-review/Documents/canada.pdf
• Tax Treaties - http://www.fin.gc.ca/treaties-conventions/treatystatus_-eng.asp
• Withholding Taxes - http://www.doingbusinessincanada.com/legal-guide-0/income-tax-considerations-1/withholding-taxes-120
• World-Wide Taxation - http://www.pwc.com/gx/en/paying-taxes/assets/pwc-paying-taxes-2014.pdf
• CISCO Deal - http://newsroom.cisco.com/release/1298889/Cisco-and-the-Province-of-Ontario-Collaborate-to-Plan-O_2
• Companies go through a combination can do what is called section 85 roll over. http://www.cra-arc.gc.ca/E/pub/tp/ic76-19r3/ic76-
19r3-e.html
15. Corporation Tax Policies
• Tax Rules:
• Timing differences (GAAP –vs – ITA differences)
• Permanent Differences (deductions allow for GAAP, but denied for
ITA)
• Small Business Deduction
• Manufacturing Processing Tax Credits
• R&D Credits
16. Tax Treaties
• http://www.fin.gc.ca/treaties-conventions/in_force--eng.asp
• UK -
http://www.mondaq.com/canada/x/329606/tax+treaties/Canada+and+UK+Agree+to+Pr
otocol+to+Amend+Tax+Treaty
• Tax Treaty Information - http://law.ucalgary.ca/files/law/nov19-2014_primer-on-tax-
treaties-and-current-tax-treaty-issues.pdf
• Cayman Island - http://www.fin.gc.ca/treaties-conventions/cayman-agree-eng.asp
24. Small Business
• Small Business talking points
• EI cuts: http://www.cfib-fcei.ca/english/article/5299-employment-insurance-helping-workers-back-to-work.html. ORPP will take the benefit
by adding up to $655 to 1,500 payroll to small business costs! http://www.cfib-fcei.ca/english/article/5860-provincial-pension-plan-an-
attack-on-small-business.htm
• Grants/Loans - http://www.niagarathisweek.com/news-story/5271622-harper-makes-small-business-announcement-in-st-catharines/.
Access to capital is one of the issues facing business, especially expansion.
• GST Cuts: The feds dropped the gst from 7% to 5% as well as the small business tax rate from 21% to 11%:
http://www.cbc.ca/news/business/jim-flaherty-praised-for-prudent-fiscal-policy-steady-hand-in-crisis-1.2577665
• Budget 2015 – rate to be reduced to 9%
• EDC - http://news.gc.ca/web/article-en.do?nid=931249. EDC supports exports as such small business have access to EDC as way to support
their exports to foreign countries
• Apprenticeship loans – This should help companies will skill trades as there are loans available for the skill trades:
http://pm.gc.ca/eng/news/2015/01/08/pm-announces-canada-apprentice-loan-program-now-accepting-applications
37. Cash Hoarding Investments
• Many of you must have taken LPC or NDP economic course? I think you need to look at what is happening in the market. Companies may
be hoarding cash, but at some point they will be looking at re-investing that cash as their shareholders required more of return that 5-6%
on their investment.
• http://ww2.cfo.com/cash-management/2014/09/u-s-corporate-cash-holdings-drop-5/. Since you are too busy then let me paraphrase it for
you: “Corporate capital spending “has been rising pretty steadily since the end of the recession,” Forbes also noted:
• http://deloitte.wsj.com/cfo/2014/12/04/how-record-cash-reserves-influence-corporate-behavior/?mod=wsjcfo_hp_deloitte. Companies
are starting to spend moneys!
• Apple holds 10% of the cash reserves: http://www.marketwatch.com/story/apple-still-on-top-as-us-corporate-cash-holdings-reach-173-
trillion-2015-05-07
• Technology companies skewed the numbers: http://www.ft.com/fastft/319821/cash-hoarding-us-companies-hits-1.73-trillion. Capital
expenditures are up in 2014.
• Top 50 account for 63% of the total - http://ww2.cfo.com/cash-flow/2015/05/corporate-cash-hoard-hits-record-1-73-trillion/
• Canada needs infrastructure, like pipelines or port development or other infrastructure changes. So, why have provinces like Wynne slowing
pipelines expansion: http://www.ndp.ca/news/justin-trudeau-late-to-party-pipelines or http://www.humboldtjournal.ca/news/butting-
heads-with-eastern-provinces-over-energy-east-pipeline-1.1658820 or http://www.cbc.ca/news/business/apache-sells-stake-in-kitimat-lng-
project-to-woodside-petroleum-1.2873884
38. Cash Hoarding Investments
• Capital Investment
• My comments on cash flow is provide support that capital investment has been happening, but a slow pace. Companies are slowing re-
investing cash from balance sheet into areas like R&D, Capital Assets, share buybacks, dividends, mergers and acquisitions.
• http://online.wsj.com/articles/canadian-gdp-growth-beats-expectations-in-third-quarter-1417187115
• http://www.gbm.scotiabank.com/English/bns_econ/fxout.pdf. Companies that are focused on exports as such will be looking at spending in
capital equipment to support their growth
• Small to Medium Business Struggles - http://www.cfib-fcei.ca/cfib-documents/rr3349.pdf
• EI cuts: http://www.cfib-fcei.ca/english/article/6564-small-biz-job-credit-release.html
• Taxation 2014 - http://www.pwc.com/ca/en/tax/publications/pwc-facts-figures-2014-07-en.pdf.
• US Corporate Taxation http://taxfoundation.org/sites/taxfoundation.org/files/docs/TaxFoundation_ITCI_2014.pdf. Obama would like to
change the Corporate Tax Rates: http://www.taxjusticeblog.org/archive/2015/04/good_-_and_bad_-_ways_to_fund.php#.VU316vlVhBc.
Obama is looking at changing the rates which then would influence how Deferred Income taxes are reporting as such it would drive up
income tax payable to Obama and his government.
1. Corporation taxes pay approximately 37.7% of the transfers
Example 1 – Small Business
Example 2 – Large Corporation
Links
http://www.ceocouncil.ca/wp-content/uploads/archives/FEB_1992_ENG_Does_Canadain_Business_Pay_Its_Fair_Share_of_Income_Tax.pdf
http://www.cbc.ca/news/business/corporate-canada-pays-low-taxes-but-contributes-in-lots-of-other-ways-1.2621944
http://actionplan.gc.ca/en/initiative/closing-tax-loopholes-and-improving-fairness-and
http://www.kpmg.com/ca/en/issuesandinsights/articlespublications/press-releases/pages/canadas-corporate-tax-rate-remains-competitive.aspx
http://www.fraserinstitute.org/uploadedFiles/fraser-ca/Content/research-news/research/articles/ignatieffs-liberals-just-dont-get-it.pdf
http://www.theglobeandmail.com/news/politics/corporate-tax-revenues-higher-despite-lower-rate/article4597437/
http://www.taxfairness.ca/en/blog/reality-check-do-tax-cuts-really-attract-business - This discusses dead cash. Dead cash at some point will be re-invested as such the document fails to understand dead cash is not permanent
http://www.cato.org/publications/commentary/canadas-corporate-tax-cuts
http://www.canadianmanufacturing.com/human-resources/ndp-cut-small-business-tax-rate-3-horwath-says-137362/
http://www.theglobeandmail.com/report-on-business/economy/corporate-tax-cuts-will-create-jobs-cme/article561478/
http://www.huffingtonpost.ca/2012/01/25/canada-corporate-tax-rate-canadian-labour-congress_n_1231089.html
A socialistic think tank tells us we should raise taxes on the job creators like corporations! Low corporate taxes have help Canada with attracting business investment like the following:
Burger King - http://business.financialpost.com/2014/08/27/jack-m-mintz-a-whopper-of-a-deal-for-canada/ or http://www.thespec.com/news-story/5202152-burger-king-could-save-a-whopper-of-a-buck-by-moving-to-canada/
FDI - http://www.oecd.org/investment/FDI-in-Figures-Dec-2014.pdf
Mergers and acquisitions: http://www.mondaq.com/canada/x/360012/M+A+Private%20equity/Mergers+Acquisitions+Trends+to+Watch+in+2015
CISCO and Ontario - http://www.theglobeandmail.com/report-on-business/economy/cisco-to-invest-4-billion-in-ontario-create-1700-jobs/article15944886/. CISCO is looking for ways to repatriate cash at lower tax rate and using government assistance as part of the solution
Canada competitive tax - http://www.kpmg.com/ca/en/issuesandinsights/articlespublications/press-releases/pages/canada-remains-most-competitive-business-tax-environment.aspx
It is great for Broadbent to focus on taxation at the corporate level, but the reality is there is more than one policy that will support good jobs. Canada needs to become more competitive in areas like hydro rates, key infrastructure investment/supply chain management and/or better at taking ideas from incubation to market!
Where is the export institute pushing exports? Export jobs tend to pay more as such it would raise the average income if there was shift in employment: http://www.cme-mec.ca/download.php?file=h8q5gph6.pdf. So why is that not discussed?
Where is discussion on the skill gaps? http://www.cfib-fcei.ca/english/article/6436-quit-playing-politics-labour-shortages-are-damaging-my-business.html. We are producing grads, but not the right mix of grads for openings?
I will agree that it may be time to look at areas that impact wealthy and that is stocks and bonds. I agree that more should be done in areas like the following:
Capital Gain deduction - http://www.taxtips.ca/smallbusiness/capitalgainsdeduction.htm. The limits and taxes could be reviewed. There are more people making money off the stock market
Dividend Tax could be review the gross up or tax credits - http://turbotax.intuit.ca/tax-resources/tax-investment/federal-dividend-tax-credit-in-canada.jsp
It is funny how Broadbent also did not mention income inequality has been going on for 30 years! Harper has helped with income tax splitting, but that was not mention, why? http://fullcomment.nationalpost.com/2014/11/05/andrew-coyne-conservatives-tax-package-with-income-splitting-corrects-inequality/
1. Companies align with ITA, but do planning as part of their tax strategy.
Government Financial Statements
Assumptions 85% of the EI premiums are private sector
Other duties/taxes all relate to private sector. There could be some small amount that is public sector, but the amount is too small
Source: http://www.loblaw.ca/files/4.%20Investor%20Centre/Financial%20Reports/2013/Annual/2013_AR_SEDAR_19-Feb-14_v001_e5142j.pdf
Loblaws pays 26.6% of their income to various provinces as well as the federal government
Loblaws spends $31B on goods, services, rent, wages, etc