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Taxes & Tariffs

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- Tax Bulletins - Initiatives - Related Links

Finance Canada doesn’t collect federal taxes. That’s the job of the Canada Customs and Revenue Agency (CCRA). But it is the job of Finance Canada to help the federal government decide who gets taxed, how and how much. 

The major taxes are personal and corporate income tax and sales taxes. For each of these areas we provide analysis and advice to policy makers. We assist in deciding how taxes can best be used to keep the Government’s finances in good shape and to give Canadians the services they depend on. So stay with Finance Canada if your interest is tax policy or go to the CCRA for information related to tax collection.

One of the most important tools any government has for managing trade with other nations is the tariff. It’s a kind of tax governments charge on imports of products and services. It’s the job of Finance Canada to monitor our tariff policies and those of other nations, and to develop new policies that will best serve our economy.

Tax Bulletins

* Capital Gains Tax Cut (January 2002).
* Faster Corporate Tax Rate Reduction for Small Business (January 2002).
* Federal Corporate Tax Rate Reductions (September 2002).
* Tax-Free Rollovers for Small Business (January 2002).
* The Canadian Tax Advantage (September 2002).

Initiatives

* Federal System of Income Tax Incentives for Scientific Research and Experimental Development (March 19, 1998).
* Finance Canada Seeks Views On The Canadian International Trade Tribunal (CITT) Textile Tariff Reference (August 2001).
* Flow-Through Shares: An Evaluation Report (Executive Summary) (October 1994).
* Harmonized Sales Tax - Technical Paper (October 23, 1996).
* January 2001 Tax Cuts (December 14, 2000).
* July Federal Tax Reductions (June 27, 2000).
* Towards Replacing the Goods & Services Tax (April 24, 1996).

Related Links

* Canada Customs and Revenue Agency (formerly Revenue Canada).
 - Small Business Customs Library.
 - Tariff Wizard 2002
* Canadian Economy Online
* Public Finance (HotLinks).
* Taxation (HotLinks).

Last Updated: 2003-01-15

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