Wed, Sep 24, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Commercial property Watch, Finance more

Commercial property tax is Canada’s ‘cash cow’

Posted on 30 November 2010

From Theglobeandmail.com: Canada is the world’s most expensive country in which to own office towers, at least when it comes to how deeply taxes cut into profits. Taxes on commercial property rents in Canada are a “massive” 53 per cent of total income, according to a study by international tax advisory firm Taxand. The United States, the next highest country on the list, taxes its commercial property rents at 41 per cent.
“The alarmingly high total tax rate in Canada is largely the combined result of high levels of both income tax, which stands at a rate of 30 per cent, and real estate tax at 3.6 per cent,” the study concludes……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930