TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

Among these tax relief measures are the reduction of the federal general corporate income tax rate to 15 per cent in 2012 from over 22 per cent in 2007, and an extension of the temporary accelerated capital cost allowance for manufacturing and processing machinery and equipment through 2015.  1, record 1, English, - extension%20of%20the%20accelerated%20capital%20cost%20allowance

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 CONT

Parmi ces allègements fiscaux, il convient de mentionner la réduction du taux général de l’impôt fédéral sur le revenu des sociétés, qui est passé de plus de 22 % en 2007 à 15 % en 2012, de même que la prolongation de la déduction pour amortissement accéléré à l’égard des machines et du matériel de fabrication et de transformation jusqu’en 2015.  1, record 1, French, - prolongation%20de%20la%20d%C3%A9duction%20pour%20amortissement%20acc%C3%A9l%C3%A9r%C3%A9

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

Capital taxes must be paid regardless of whether a corporation is profitable. This adds directly to the cost of doing business in Canada and is why Canada's New Government acted in 2006 to accelerate the elimination of its general capital tax.  1, record 2, English, - general%20capital%20tax

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

Qu'elle soit rentable ou non, une entreprise doit payer ses impôts sur le capital. Cette obligation s'ajoute directement à ce qu'il en coûte pour faire des affaires au Canada, et c'est la raison pour laquelle le nouveau gouvernement du Canada a adopté en 2006 des mesures visant à accélérer l'élimination au niveau fédéral de l'impôt général sur le capital.  1, record 2, French, - imp%C3%B4t%20g%C3%A9n%C3%A9ral%20sur%20le%20capital

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

Tax imposed either annually(annual net wealth tax) or at death(gift and inheritance or estate tax) on the net value of assets. Property taxes levied by provincial or municipal governments are a form of wealth taxation in Canada. With the general exception of a taxpayer's principal residence, capital gains tax is assessed on the increase in value of assets upon the death of a taxpayer.  1, record 3, English, - net%20wealth%20tax

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Impôt appliqué soit chaque année (impôt annuel sur le patrimoine net), soit au décès (impôt successoral) sur la valeur nette des actifs d'une personne. Les impôts fonciers prélevés par les administrations provinciales et municipales représentent une forme d'impôt sur la richesse au Canada. l'exception générale de la résidence principale du contribuable, l'impôt sur les gains en capital s'applique à l'augmentation de valeur des actifs d'un contribuable, constatée au moment de son décès.  1, record 3, French, - imp%C3%B4t%20sur%20le%20patrimoine%20net

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

A second general mechanism to lower the cost of capital is to reduce the level of corporate income tax. Australia has adopted a variation of this approach by eliminating the double taxation of dividends through its policy of dividend imputation. Under dividend imputation, an individual taxpayer may impute the corporate taxes already paid by a company paying him a dividend in determining his own taxes on that dividend.  1, record 4, English, - dividend%20imputation

Record 4,  Textual support,  French

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 OBS

... the inspector general of banks has become increasingly concerned about the potential growth of unrealized "phantom capital" from over-accumulations of deferred tax savings on tax-allowable appropriations that have yet to be recovered for tax purposes.  2, record 5, English, - phantom%20capital

Record 5,  Textual support,  French

Record 5,  Textual support,  Spanish