Skip to main content

Home/ Economic Challenges Research/ Group items tagged taxation

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
Ilia Merkoulovitch

'Wall of taxation' keeping businesses small, study says - 0 views

www.financialpost.com/...story.html

taxation business growth

shared by Ilia Merkoulovitch on 02 Jun 11 - No Cached
  • Small business tax incentives are keeping businesses in Canada small, hindering business efficiency and disproportionately benefiting the wealthy
  • Canada has a special small business deduction that allows companies with less than $500,000 in revenue to be taxed at a rate of 11%, less than the standard 16.5% corporate rate.
  • only 12% of small businesses grew from having less than five employees to 5-19 employees, and only 1% grew to having more than 20 employees from 1985 to 1992
  • ...1 more annotation...
  • the small business tax rate has led to an abundance of small businesses in Canada that have no intention to grow
  • Ilia Merkoulovitch on 02 Jun 11
     
    Incentives on taxes for small businesses keeps them small and benefits the wealthy disproportionately. Companies with less than $500,000 in revenue are only taxed at 11%, instead of 16.5%, the standard rate.
1 - 1 of 1
Showing 20▼ items per page