Print Page   |   Report Abuse
News & Press: International News

Canada: Great minds think tax cuts

03 March 2014   (0 Comments)
Posted by: Author: Irish Independent
Share |

Author: Irish Independent

It looks like Michael Noonan may not be the only one thinking tax cuts are the way to go.

Canada's Finance Minister Jim Flaherty announced this week that his country will emphasise tax reductions for families ahead of both lowering its debt burden and boosting spending.

Mr Noonan has said the level at which workers hit the higher rate of tax here is too low, and any tax cuts would focus on a potential widening of the band.

And it's all to reduce the burden on hard-pressed voters. Mr Flaherty, it seems, has a similar idea.

Speaking in a Bloomberg interview inMelbourne, where he's attending a meeting of business leaders fromAustralia and Canada, Mr Flaherty, below, said the government's top priority will be to lower taxes once the country moves to a surplus position, starting next year.

"The No 1 priority, because it's in our platform, is reducing taxes on families," Mr Flaherty said.

Great political minds think alike.

This article first appeared on


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by®  ::  Legal