How do the harmonized sales taxes in Ontario and British Columbia, specifically, affect innovation and technology?
“Provincial taxation is a provincial responsibility. Each province in Canada has the independence to determine its own tax mix and to choose the sales tax model it deems appropriate for its jurisdiction’s economy. It would be best to contact Ontario and British Columbia to speak to their recent decisions.” What is your vision for Canada’s future when it comes to innovation and technology? “Canada has great opportunities before it to be the best at what we choose to take on. The key is for Canada to differentiate and not to imitate. This can be done by focusing on our strengths and building in niche areas where we have a genuine potential to be successful at a global level. A good example is our aerospace industry, where Canada has become a world leader by building on its strengths to position Canadian firms as suppliers of choice to major global aircraft platforms. “Of course, Canada also has solid strengths in communications technologies for example, wireless and wired equipment, fibr
Related Questions
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