Tuesday 2 October 2012

Quebec's tax plan could slash revenues: study

TORONTO (Reuters) - Quebec's plan to scrap a general health levy and pay for it by boosting taxes on the rich could cut provincial government revenues by C$800 million ($810 million) a year, according to a study released on Tuesday by a conservative Canadian think tank. The minority government, formed by the separatist Parti Quebecois after September 4 elections, promised to scrap a flat C$200 health-care tax. To compensate for the lost revenue, it wants to increase taxes on high earners and cut exemptions on capital gains to 25 percent from 50 percent. ... via Health News Headlines - Yahoo! News Read More Here..

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