Goodies from Goodale: cuts in mini-budgetIf measures adopted, Canada’s petroleum industry will have seen its income tax rate drop from 28% to 19% in three years Gary Park Petroleum News Canadian Contributing Writer
The Canadian government, facing its imminent defeat in Parliament and a Christmas election campaign, laid out a package of tax treats that have brought cheer to the petroleum industry.
Finance Minister Ralph Goodale has proposed lowering the federal income tax rate to 19 percent from 21 percent by 2....
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