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Posthaste: Closing Canada's tax gap won't do much to offset massive government spending financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
Mark Burgess Canada should do more to close the “tax gap” that costs the federal government billions of dollars in annual revenue, but even additional resources and compliance measures won’t raise enough to cover massive pandemic spending, a report from the C.D. Howe Institute says. The 2021 federal budget put Canada’s debt at more than $1 trillion for the first time ever, after a $354-billion deficit for the last fiscal year and a $155-billion deficit projected for fiscal 2021-22. The Liberals should consider lost revenue from uncollected taxes before raising broad-based taxes, the report from the Toronto-based think tank said. ....
As the UK continues to open up after a year of lockdowns and other restrictions, the construction industry has been at the forefront of the economic recovery with activity levels at a seven-year high. Soaring demand has strained the availability of a number of key materials, with some experiencing double-digit inflation. Earlier this year, the UK Government asked the Construction Leadership Council to monitor the situation, which saw it set up the Products Availability taskforce. In the months since it was founded, it has added more and more items to its list of products facing constraints. Construction News looks at how some key materials have been affected and how the situation could develop in the coming months. ....
Bird Construction Inc. announces that each of the nominees listed in the Management Information Circular dated March 16, 2021 was elected as a Director of the Company to hold office until the next annual meeting of shareholders or until his or her successor is duly elected or appointed. The results are as follows: ....