3 refineries within city limits... I'll bet that they were not very popular with the residents. Are you located in Mississauga?
No, I'm in downtown Toronto. Mental is from Mississauga I believe though.
3 refineries within city limits... I'll bet that they were not very popular with the residents. Are you located in Mississauga?
No, I'm in downtown Toronto. Mental is from Mississauga I believe though.
I'll have to ask him about the refineries.
Out here, both Edmonton and Fort Saskatchewan have refineries pretty much attached to the city(s).
A few years back, there was a fire at one of these places in Ft Sask and the town evacuated a large area around the site... Actually, there used to be a used-oil refinery in Calgary that had been here for many years. Originally, it was a safe distance outside the city limits, but over the years, the city grew around it.
The place was called Hub Oil (I think)... Anyways, it blew up one afternoon, a freak accident that killed 2 men, but the surrounding communities were bathed in a mist of oil. These communities were all residential and had young couples and the kids... It was a pretty nasty situation.
I never heard of any reports on the long-term health issues, but I think it would be naive to think there wasn't any fallout.
3 refineries within city limits... I'll bet that they were not very popular with the residents. Are you located in Mississauga?
Let me give you the skinny on tax breaks Machjo... If you're not entitled to it, the CRA sends you a bill + fines.
Clear now?
Yup, it sure would increase the cost... Add on a tax at the retail level that more than doubles the producer's price and the cost drives up further.
But that's OK - it'll generate more tax revenues!
So likewise if the petrol industry gets a tax cut that the bicycle industry does not get, are you not essentially encouraging petrol consumption at the expense of the bicycle industry? Why not give the tax break to all industries equally?
The bike industry is definitely a much lower priority than our energy sector.
The hope is that giving tax breaks to sectors that fuel the economy will actually create economic growth.
We're quickly realizing that CEOs are laughing all the way to their own piggy banks instead.
The problem though is that resources are more finite, so one would think we would want to encourage a more responsible use of them.
The bike industry is definitely a much lower priority than our energy sector.
The hope is that giving tax breaks to sectors that fuel the economy will actually create economic growth.
We're quickly realizing that CEOs are laughing all the way to their own piggy banks instead.
But what if the government decides that my car dealership is entitled to a tax break but your bicycle shop is not. Though it's not technically a subsidy, there is no doubt that I'm getting an advantage over you whatever you want to call it.
So likewise if the petrol industry gets a tax cut that the bicycle industry does not get, are you not essentially encouraging petrol consumption at the expense of the bicycle industry? Why not give the tax break to all industries equally?
Why in the world would you want to keep taxes at the retail level if we were to increase royalties on gas? Would the idea not be to shift taxes from one to the other and not just add one tax to the other?
We do need tax revenue to pay off the federal debt though.
Also, I would consider royalties on resources to be more fair than GST since it's more user-pay for those who use the nation's resources.
The bike industry is definitely a much lower priority than our energy sector.
The hope is that giving tax breaks to sectors that fuel the economy will actually create economic growth.
We're quickly realizing that CEOs are laughing all the way to their own piggy banks instead.
The problem though is that resources are more finite, so one would think we would want to encourage a more responsible use of them.
Time you got some real facts, idiot!!
The Oil Industry is not getting subsidies!!
If we cared about sustainable growth, we would build refineries instead of pipelines.
It's frightening how this kind of American semantics on liberty is deluding a lot of people here.
They get all kinds. The oil sands operators get even more because they qualify for tax breaks given to mining companies. An industry specific subsidy, the Canadian Exploration Expense...federal tax break for oil and gas companies. They qualify for other subsidies like any other corporation does through the Accelerated Capital Cost Allowance too.
Nope... once again it's all Canadian. It has nothing to do with what you are calling American semantics. Take responsibility.
Comes with the season and the stats aren't really all that convincing- probably a lot to do with the numbers drawing E.I. also probably very little reflection of self-employed numbers.
Tax breaks are much different from subsidies.
Stats Can unemployment numbers are seasonally adjusted. That rise has nothing to do with the time of year.
Forgiving a percentage of taxes for a qualifying activity which otherwise would have contributed a larger portion in taxes, or giving sums of money for the same qualifying activity amounts to the same thing.
Try any economic source for definitions you like, you'll find tax allowances and breaks listed as types of subsidy. Or try searching economics journals, where they also treat tax breaks as subsidies.
They fall into a similar (highly) generalized category, but they are significantly different.
Here's another academic example:When firms are mobile, regional subsidies that take the form of tax breaks or subsidies to the fixed cost lead to higher profits for all firms, even those not located in the region that gives the subsidy.
In fact, my salary is partially subsidized by the Federal Government. At the end of each month I account for my hours spent working on various R&D projects, and the corporation receives tax credits for my hours worked. They're called SRED credits:Spending on research and development (R&D) is widely acknowledged as providing benefits not only to the firm undertaking the activity but also to the economy at large in the form of lower prices, improved products and access to new production technologies.1 In recognition of these spillover effects, it is common practice for governments to provide assistance to firms undertaking investment in R&D. This paper provides estimates of tax assistance for R&D investment by large and small firms, as measured by marginal effective tax rates (METRs), for the 30 member countries of the Organisation for Economic Co-operation and Development (OECD) and for 6 key emerging and transition economies. In order to provide a clear indication of how tax incentives affect the overall cost of R&D, this paper also presents estimates of the subsidy rate, defined as the percentage decline in the cost of R&D arising from tax incentives. The subsidy rates are developed through a straightforward transformation of the METRs. International rankings of tax support for R&D based on subsidy rates are therefore not substantially different from those based on METRs.
PEI offers favourable taxation schemes which has encouraged the growth of the biotech industry in this province. More subsidy.In 2007, the Department of Finance conducted a thorough benefit–cost analysis of the SR&ED program (Parsons and Phillips 2007). It concluded that the public benefit of the program — the part due to the incremental R&D investment stimulated by the SR&ED subsidy and the estimated social return on that incremental investment (i.e., extra output generated in the economy as a whole) — exceeded its full costs.
Whereas punishing those sectors has been a really successful to date.
Youth is wasted on the young.I would rather have a plan that balances the two systems, and respectfully raising the corporate tax rate hardly punishes businesses.