Excess Profit Tax Would Net Billions, Canada Budget Office Says

Logo: Bloomberg Law

By James Munson

Canada would make C$7.9 billion ($6.4 billion) more in revenues if it imposed a 15% tax on excess profits made by large corporations during the coronavirus pandemic, a Parliamentary office said in a report Tuesday. The Office of the Parliamentary Budget Officer analysis comes on the heels of new government proposals to raise taxes on firms. 

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By James Munson, posted on Tuesday April 27, 2021
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