Income from natural resources and Ontario.

Dear *
The “rich keep getting richer”.
I don’t know why any province resource revenue is exempt for transfers.
The Auto Industry in Ontario is constantly struggling and in jeopardy and has been for decades, I don’t know that Ontario is allowed any exemption on its auto production income.
Not even “half” an income exemption.
So why should natural resource income be exempt
All or nothing I say.
No fifty per cent exemption unless all the other province’s get an exemption.
Ontario’s auto industry is in a fight for its life from imports and now China is becoming a large auto producer and an overpaid work force that really needs to take a thirty percent pay cut to be a real competitor.
This industry should still qualify for half of its revenue exemption if resources still receive a fifty percent exemption.
Sincerely yours,
* *
*, Ontario, Canada
P.S. I think I know why real estate companies are exempt from the trust fund taxes because municipalities and provinces tax real estate at higher rates.
Unfortunately they tax commercial real estate at much higher rates and apartments are considered commercial real estate this is really unfair for apartment dwellers and is a cause of homelessness.

January 17, 2007 - Posted by | Canadian Politics

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