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In the Thursday, March 27, 2008 edition of the Belleville Intelligencer, an article discusses Finance Minister Jim Flaherty’s assertions regarding the need for Ontario to lower business taxes. The C.D. Howe Institute supports Flaherty’s claims, in particular the contention that Ontario has the highest effective tax on new investment in Canada. Director of Research at the C.D. Howe Institute, Finn Poschmann, states that Ontario has a retail sales tax that collects a significant amount of its revenue through taxes on business inputs, in contrast with New Brunswick, Nova Scotia and Newfoundland, which have a harmonized (federal-provincial) tax and Quebec, which has its own GST-like tax. The article goes on to state that if Ontario were to harmonize its sales tax with the federal GST, thereby making it a true value-added tax, the province's aggregate tax on business investment would drop to 22 percent. Belleville Intelligencer (ON). Thursday, March 27, 2008. Page: 8. Section: Business. Source: The Canadian Press.