INCOME TAX DEBT HELP
CORPORATE TAXES IN DECLINE – INDIVIDUAL TAXES UP
When Prime Minister Stephen Harper came to power in 2006, the federal corporate tax rate was 21 per cent. That was down from 24.5 per cent in 1990 and 30 per cent in 1980.
Ottawa reduced it to 19 per cent in 2009, 18 per cent in 2010, 16.5 per cent in 2011 and 15 per cent in 2012.
…Meanwhile in 1974 Tax Freedom Day for individuals was April 19th by 2014 it was June 26th. In other words individuals paid about 80% more taxes to compensate for the favourable rates afforded to large corporate interests.
If you are having tax debt issues we can help! Call the office for a free consultation.