VAT as step toward axing income tax argued in Montreal
Montreal economist Pierre Fortin told a Senate committee the proposed 25 percent GST combined with a 2 to 3 percent universal tax on durable goods could replace income tax. He said it would be simpler fairer and more competitive adding a $20 000 to $30 000 tax credit would preserve progressivity. He warned of initial inflation and unemployment but said VAT would boost investment and productivity amidst global competition.
MENTIONED IN THIS ARTICLE
Montreal
Pierre Fortin
Senate
Fortin
Canadian dollar nears 87 cents US amid BoC signal
The Canadian dollar rose to 86.81 cents US at the open, with analysts predicting a potential move toward 87 cents as the Bank of Canada signaled not to cut short term rates. Analysts cited U.S. dollar weakness and domestic inflation concerns as supporting factors.
MENTIONED IN THIS ARTICLE
Ottawa
Bank of Canada
Tom Hutchinson
MMS International
Financial Market Information Service
U.S
Michael Wilson
Wilson
Hutchinson
Mohawks Confront Quebec Blockade Amid Calls for Calm
In Chateauguay and Oka the Mohawk crisis intensified as traffic stalled by a bridge blockade and clashes with provincial police left a fatal attack remains unresolved. Walter David urged calm while Quebec Native Affairs Minister Ciaccia presented a peace proposal and observers gathered to monitor developments.
MENTIONED IN THIS ARTICLE
Chateauguay
Que
Montreal
Oka
Walter David
Quebec
John Ciaccia
British Columbia
Manitoba
Roseau River
Winnipeg
Roseau
William Kunstler
United States
Stanley Cohen
New York
Harold Ashenmil
Oka council under probe after golf club dispute
Quebec ministry of municipal affairs confirms investigation of Oka's municipal administration following a resident complaint. Officials from the finance and administration branch examined documents and questioned local leaders after Pierre Minville called for action amid a plan to expand a private golf club. He cites conflict of interest and a failed referendum effort supported by most residents.
MENTIONED IN THIS ARTICLE
Southam News
Ottawa
Quebec
Ministry of Municipal Affairs
Oka
Pierre Lacoursiere
Yvon Picotte
Finance and Administration
Lacoursiere
Pierre Minville
Jean Ouellette
Coun
Rejean Larocque
Minville
Jean Larocque
Philippines quake toll rises as aftershocks rock region
Devastating earthquakes in the Philippines destroy towns near Manila and Baguio. President Corecia tours damaged areas while rescuers race to reach hundreds trapped. Aftershocks measuring 6.3 and 5.8 add to the crisis. more than 200 dead or injured are feared since Monday’s 7.7 quake.
MENTIONED IN THIS ARTICLE
Geological Service
Galden
Colo
Canadians struggle with daily numeracy survey finds
A Statistics Canada phase two report shows 38 percent of Canadians cannot handle basic numeric tasks beyond addition and subtraction. Among them 14 percent cannot reliably perform arithmetic, with skill gaps tied to reading levels and education. Manitoba and Alberta show wide regional differences.
MENTIONED IN THIS ARTICLE
Kelly Egan
Ottawa Citizen
Ottawa
Statscan
Ocnciatis
Il Stag Jews
Irs
United Germany accord near completion after breakthroughs
Foreign ministers from the two-plus-four group and Poland said they have resolved key obstacles to German unity and will now craft the final settlement. Western delegates noted concessions by the Soviet Union and Poland opened the path, with a formal document to follow.
MENTIONED IN THIS ARTICLE
Paris
France
Reuter
Germany
Soviet Union
Poland
West Germany
Europe
Also Mentioned on This Page
Tivarinns
Parney
Urtuy
Universite du Quebec A
Kunstler
Allan Farrants
Lis
Ooec
Red Cross
Kanesatke Reserve
Ippines
Manila
Philippines
Corecia Ours
Baguio
Fies Cotsmology Institute
Myrae Sata
Suet Tiave
Montcast
Yoo
Civil Defence
Shuso
Statistics Canada
Weowweoo
Jones
Samett
Ireton University
Britain
Canada
Ontario
Prairies
Newfoundland
United Germany Accord
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