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Proponents of imposing a windfall tax on the Canadian oil and gas industry now have another global power setting precedent for the policy. On Wednesday, the European Commission proposed levying such a tax on the energy sector and redirecting funds to households and businesses struggling with high inflation. It estimates the policy would bring in around $186 million in revenue.
'This is a difficult budget to do... I don't envy the Finance Minister and finance officials to try and put this together given all the uncertainties that…
'This is a difficult budget to do... I don't envy the Finance Minister and finance officials to try and put this together given all the uncertainties that…
As Canada’s federal and provincial budgets swell, sales-tax increases may follow Erica Alini © Provided by Global News Minister of Finance Chrystia Freeland walks to a news conference before delivering the federal budget in Ottawa, Monday April 19, 2021. Canada's provincial and federal government debt has ballooned during the COVID-19 pandemic, as it has for governments around the world, as they cope with both the costs of a health emergency and the need to use taxpayer dollars to prop up their economies. But in Canada, some of the new public spending will settle at a per...
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