Taxation In Canada Essay

774 words - 3 pages

Taxation levels are very complicated for Canadian citizens. I believe that Canada will economically break free when taxation levels become less onerous.
Government regulation hits our pocketbooks as surely as taxes do, but there is little information available about its cost. At a time when deficit spending is out of favour, and there is little appetite for tax increases, this lack of accountability makes regulation a tempting way for governments to achieve their goals without increasing their spending. Between 1975 and 1999, over 117,000 new federal and provincial regulations were enacted, an average of 4,700 every year. Over this twenty-four year period, federal and provincial governments have published over 505,000 pages of regulations contained in volumes that measure 10 stories when stacked.
The cost of complying with government regulation totaled an estimated $103 billion in 1997. The cost of regulatory compliance is borne largely by consumers since business pass on much of the cost of regulatory compliance as higher prices for goods and services. In 1997, regulatory compliance cost individual Canadians approximately $13,700 per family of four. The embedded cost of regulatory compliance exceeds spending on every item except shelter in Canadian households' after tax budgets.
One of the consequences of regulation not captured by measuring its direct cost (administration and compliance) is the severe limits it can impose on people's freedom to make their own choices based on their individual circumstances and tolerance for risk. Government regulation also dampens innovation, delays development of products, stifles entrepreneurship, restricts competition, and slows growth of productivity.
For example, today, taxes are imposed on just about everything that a Canadian does, or purchases. Smokers could be a good example of this. Taxes impose severe limits on people's freedom to make their own choices by raising the price of cigarettes by a large amount of tax. Also, gasoline is severely taxed in today's economy. High gas prices suspend citizens from traveling as much as they may wish.
Freedoms within Canada do not rely on tax regulations, alone. They rely on many other regulations of our every day lifestyles. For example, the increased use of surveillance cameras shows this. In cities like Calgary, transit buses now have security cameras installed. Naturally, bus fares keep going up to pay for all the added costs. Therefore, a regular bus fare is $ 2.75. This is very unaffordable for...

Find Another Essay On Taxation in Canada

Wawa's Expansion into Canada Essay

4344 words - 18 pages Canada, the world’s second-largest country, is in the north part of the continent which has 10 provinces and 3 territories. The total area is 9.98 million square kilometers. Meanwhile, Canada has the longest land border shared with the United States in the world. There are 3 main types industries support Canada’s economy. The first one is service industry. It has thousands of different jobs like retail service, education, transportation and so

Canada and Brain Drain Essay

2773 words - 11 pages timely government intervention. Such intervention could include combating brain drain through brain gain, taxation, wage and other incentives to prevent brain drain and dealing with brain drain through brain train.The brain drain in Canada is largely represented by the exodus of better-educated, high-income earners and people of prime working age (Statistics Canada). However, Canada is one of the few nations today that is perceived as one of the

The Best Primeministers

1625 words - 7 pages citizens.The leader of Canada went through one of the toughest times that could face a nation; during World War One Robert Borden took control of Canada and lead with power and strength. What made Borden such a phenomenal prime minister is the fact his leadership during World War One was remarkable, for he did a great deal of work to in order to make Canada a better nation. For example, Borden introduced the first measures of direct taxation by the

The Debt, Outline Of Canada's Economic Crisis, An Economic Catastrophe

939 words - 4 pages to this. First, an increase in government revenues through higher taxation may be considered. However, taxes are already at a point where some people feel they are working merely to pay the government, rather than support themselves. Second, a restraint on government spending by means of cutbacks may be a path, possibly a difficult one, to the road of eliminating our federal debt. Either way, it will be the young citizens of Canada that will have

Canadian health care

586 words - 3 pages the country. Accessibility: All insured people have rational access to health care facilities. Including physicians, hospitals, etc., will be provided with a reasonable compensation for the services they provide. Health care Funding Health care in Canada is supported at both the Provincial and federal levels. The financing of medical services is given by means of taxation both from individual and business salary charges. Extra funds from other

Country Risk and Strategic Planning Analysis Paper

2896 words - 12 pages International business policies. Specifically, it's stance on repatriation of funds, which "usually refers to returning returns on a foreign investment in the case of a corporation, or transferring foreign earnings home in the case of an individual" (WebFinance, Inc, n.d.).Taxation and Double Taxation RisksOur taxation risk analysis addressed our concerns with taxation; specifically our concern with double taxation. "Canada protects against double

Who Did NAFTA Benefit the Most?

1533 words - 6 pages After a lengthy negotiation of over 3 years, Canada, the United States, and Mexico reached an agreement on trilateral trade ― the North American Free Trade Agreement (Scaliger). Commonly referred to as NAFTA, it came into effect on the first day of 1994. Covering 450 million people and reaching $17 trillion in combined GDP, NAFTA proudly ranks the first among the world’s free trade agreements (USTR). It is usually seen as a remarkable success

Socials Exam Paper

756 words - 4 pages ending up with very little or no money. In today’s society, taxation is no longer a problem as nowadays, in Canada and most of the countries in the world, taxes are now based on income: 15% on the first $43,953 of taxable income, 22% on the next $43,954 of taxable income (on the portion of taxable income over $43,953 up to $87,907), 26% on the next $48,363 of taxable income (on the portion of taxable income over $87,907 up to $136,270), 29% of

The British and the American Colonists: Tension Prior to Revolutionary War

1183 words - 5 pages were met with strict opposition. In the case of the Stamp Act, the concept of no taxation without representation became extremely prevalent. A Stamp Act Congress was formed from representatives from nine colonies, and they decided that “ taxes...can be constitutionally imposed on them, but by their respective legislatures. (Document B)” Another protest was when Patrick Henry stood up in the Virginia House of Burgesses to call for “no taxation

Italians of Montreal

1022 words - 5 pages came the biggest wave of emigrants while from 1972 to the present time, began the decline in immigration. The Italians face obstacles that made it difficult for them to migrate to Canada. ​The first settlement is composed of seasonal workers and settlers. World War I brought so much devastation causing inflation, unemployment, fragmentation of peasant farms, poverty, poor health and education, heavy taxation and political dissatisfaction that

Class Conflict in Canada

2550 words - 10 pages The issue of class conflict in contemporary capitalism is an important obstacle affecting Canada. The capitalist system currently operating in Canada only adds to the differentiation among classes causing a larger rift and increased class cleavages. The constraints of the free market prevent important social programs the country requires to survive affecting the lower class causing suffering and hardship. Capitalism leads to an increasing rift

Similar Essays

Were The Upper And Lower Canada Rebellions In 1837 A Success?

745 words - 3 pages The Rebellions of 1837/1838 in both Upper Canada and Lower Canada were attempts and attacks at their current government for various reasons. The rebellions in Upper Canada were to bring about an American style democracy, while the rebellions in Lower Canada were largely due to discrimination against the French, unequal taxation, and lack of power within the government to bring about any reformation. In the end, the rebellions in Upper and Lower

Canada's Ongoing Identity Crisis: What Are We Now?

1830 words - 8 pages Canada is really big, and this causes a unique problem. Canada has an identity crisis. The Spicer Commission (Spicer, 1991) showed us that by giving us the Canada Clause, essentially stating Canada is one nation and a dual nations, three nations and multicultural, centralized and decentralized. All of these identities are equally supported at different times in history. For example, directly following The Great Depression, public support for

The Colonists Did Not Have Adequate Cause For The American Revolution

500 words - 2 pages . The Americans claimed that through both, the Sugar Act (1764) and the Stamp Act (1765), the British dishonored their rights to taxation. The Townshend Acts also infuriated the Americans, and as in all other circumstances, they were willing to fight for their rights. The final justification for the Revolution came from the Coercive Acts. The Sugar and the Stamp Acts were the first events by which the Americans felt their rights violated. The

Cri Etos Crietos Essay

1850 words - 7 pages wealth. In this view, economic realities are building a compelling case for a more progressive tax system. But judging from the experience of other wealthy countries, the opposite may be true. As inequality has risen in the developed world, many governments have been dismantling - not increasing - estate taxes. Countries from Austria to Canada to Sweden have abolished estate taxes outright. There is nothing inevitable about high estate taxation