Good , it was apparently a money trap .Hmmmm....wasn't it Harper who practically gave Candu to SNC-Lavalin?
Don’t forget the liberals are also the party of big business . Bombardier, SNC Lavilon , Irving Shipyard .
Of course it was....hehehehehe
AECL has been a headache for successive federal governments and has cost Canadian taxpayers about $1.2 billion over the past several years in subsidies. It has also faced major cost overruns at key projects in recent years while struggling to find a buyer.
In New Brunswick, the Opposition Liberals said earlier this week that the possible sale of Atomic Energy of Canada could have major repercussions for the province as it grapples with cost overruns at its Point Lepreau nuclear power plant.
The provincial Tory government has been looking to Ottawa to cover roughly $1 billion in additional costs incurred during the Lepreau refurbishment, which is being overseen by AECL.
Ottawa said Wednesday it will retain responsibility for liabilities related both to Point Lepreau and the Bruce power station in Ontario, which is also being refurbished but is three years behind schedule and at least $2 billion over budget.
AECL has been struggling to modernize its technology to keep up with rivals Areva, Westinghouse, Hitachi and others.
The company lost $800 million last year, and has not sold a new reactor since the 1990s. However, some reports said AECL's business was hindered by a cap on new contracts that the government had ordered during the sale process, to avoid having the company burdened with new liabilities.
Hmmmm....wasn't it Harper who practically gave Candu to SNC-Lavalin?
https://m.huffingtonpost.ca/2014/11/10/candu-nuclear-reactors-china_n_6134096.html
That Harper sure was cozy with SNC-Lavalin and the Chinese. He probably taught Trudeau everything he knows
Gosh Cannuck!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You sure are COZY with LIE-beral Fake News!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
why the **** do you insist ion quoting him?
It should be recognized that Cannuck is NOT of sound mind!
*hug*
The pain will subside in the not to distant future
You'l never learn will you, and keep feeding him?What shrink told you that?
What is there left to tax after shareholders are paid?![]()
It's insane that people still listen to politicians like Doug Ford and Jason Kenney when they propose that cuts to corporate tax rates is going to help the economy. We've watched that proven wrong over and over again for most of our entire lives. Corporate tax cuts only ever work to benefit corporations, not you. Not once.
Canada's largest corporations are making 50% more profit than they did a decade ago, but their tax rates have been cut so much that they now pay 20% less in taxes than they did a decade ago.
Despite endless promises that tax cuts for business would create jobs, it turns out that the more you cut their taxes the fewer jobs they bother to create. In terms of job creation, corporations that benefitted the most from tax cuts didn't even keep up with the average growth of employment in the economy as a whole. They are dragging down employment growth rather than improving it.
https://www.policyalternatives.ca/publications/reports/corporate-income-taxes-profit-and-employment-performance-canadas-largest-compa
This holds true everywhere, not just in Canada.
https://nextcity.org/daily/entry/subsidizing-big-firms-doesnt-really-create-jobs-research-shows
When the government collects less income in taxes from corporations, two things happen. First, they cut spending, including on things that you value like health care. Secondly, they expect ordinary people to make up the shortfall. The year 2014 was the very first year in Canada's history that ordinary citizens fed more money into government tax coffers than all of the wealthy corporations added together do.
This continues a trend of shifting the tax burden away from wealthy corporations and ever more heavily onto the backs of citizens like you and I.
http://www.huffingtonpost.ca/2013/11/24/corporate-personal-taxes-canada_n_4333694.html
Corporate tax avoidance hurts national economies and continues to accelerate.
http://www.cbc.ca/news/corporate-tax-avoidance-scheme-hurting-canada-expert-says-1.2572712
"Canadian Corporate Income Tax rate reductions not only failed to lead to faster growth, there is evidence to suggest that CIT rate reductions contributed to *slower* growth. By reducing CIT rates, Canadian governments contributed to the increased income position of large firms. Instead of investing their enlarged earnings into growth-expanding industrial projects, Canada’s corporate sector—especially its largest firms—have increasingly stockpiled cash on their balance sheet. This “dead money,” as former Bank of Canada governor Mark Carney called it, is one ingredient in the heightened financial stagnation of recent times."
http://behindthenumbers.ca/2015/09/09/canadas-failed-experiment-with-corporate-income-tax-cuts/
Total hoarded corporate cash now exceeds the value of the national debt.
http://www.pressprogress.ca/en/post/corporate-canadas-cash-hoard-exceeds-national-debt
Let's free up that excess cash.
http://www.theglobeandmail.com/globe-debate/in-a-world-awash-in-cash-capital-overwhelms-us-now/article17368619/
Corporations are designed by law to behave like clinical psychopaths.
https://www.youtube.com/watch?reload=9&v=Y888wVY5hzw
What is there left to tax after shareholders are paid?
costs for canada's un security council bid keep mounting
with millions in direct un bribes and the billions committed to un pet projects and we will likely not get a seat on the un council. Should have taken those billions and applied it to our nato commitment and make good with our true partners in the world.
What is there left to tax after shareholders are paid?
You'l never learn will you, and keep feeding him?
You're hopeless!