In order to alleviate part of this double taxation of distributed profits the classical system was replaced in 1973 by the "imputation system". This new system of taxation gives shareholders tax credits for tax paid by the corporation. These tax credits may be used by shareholders to offset...

The purpose of this paper is to identify and measure the effects of inflation on corporation income taxes and on the net cash flows of business. Five ways in which inflation alters corporate taxable income are identified. The paper begins by showing how the use of historical costs rather than...

The Canadian government has tried almost every conceivable policy to assist declining firms, industries and regions. Such programs have included loans, grants, investment tax credits, special unemployment compensation, early retirement plans, employment tax credits and nationalization. The...

This paper examines the issue of financing the social goal of universal access to the telephone network. There are many feasible methods of financing the subsidies involved. We show that alternative financing schemes differ in terms of their economic efficiency, equity, political attractiveness,...

This paper analyzes the impact of the present tariff and bilateral quantitative restrictions for clothing on welfare of consumers and producers specifically, the resource cost of this policy for Canada as a whole, and the implications of these policies for the future development of the clothing...

The industrial public enterprise sector plays an important role in the economies of developing countries. It spans a whole variety of industries from petrochemicals to textiles. It has produced over 50 per cent of industrial output in countries such as Egypt, Somalia or the United Republic of...

The purpose of this paper is to study the impact of real income growth on the consumption of rice in Peninsular Malaysia from 1972 until 1983. A forecast of rice self-sufficiency is man-made for the years 1985-1990.

Among industrialized countries, Canada is the last nation still using a manufacturers’ sales tax, although at least nine other countries have used tax intermittently since 1923. When it was introduced 61 years ago it was considered a controversial tax. Many of the complaints at that time have...