Democracy struggles with tar

As former denizens of the tax hatin est, gun totin est, most cow eatin est and best educated est province in this glorious dominion (complete statistics only appeared in the print version), we were not especially surprised by the results of the election two days ago.The longed-for revolution just wouldnt make the leap off the written page. We find it amusing that this disappointed anyone.

Now, unlike sales of cowboy boots for once a year company pancake breakfasts, Alberta does not have a monopoly on low turnout (most western democracies without compulsory voting systems, like Australia, suffer from this problem to some degree.) That said, less than half the population voted and this is significant.

For the cities, our explanation is that money and low density discourage voter turnout. Calgary and Edmonton are grey stains on the landscape, furiously leaking into the farmland around them, and neither city has a mayor willing to bite the bullet and slow things down  the economy is booming and theres too much demand. It is preferable to cry for provincial infrastructure funds and avoid long-term planning.

Things just arent bad enough. Other than traffic and a lack of parking, with even supermarkets putting out neon signs advertising $15 per hour cashier jobs, it would take a major catastrophe for the greying electorate to rouse themselves out of their Coca-cola comas and consider voting, let alone for anyone other than the Conservatives. Suburbanites inevitably have an entitled attitude towards government, since their public social interactions are limited to looking at the car next to them. These are not people with a strong sense of the obligations of citizenship, they live in a delusion of independence encouraged by multiple cars, single-family homes and high incomes.

The leadership issue was a red herring. A plate of beans has more charisma than Ed Stelmach, and would be the premier if it was on the ballot in Conservative blue. The failure of the other parties notwithstanding, Jesus himself could have emerged out of the tar sands and he would have struggled to get elected for any other party.

As for the rural constituents, they did as rural constituents tend, and the system gave them a disproportionate voice, but this still doesnt account for the Conservative domination. The electorate didnt want change, which feels more risky during a boom than a bust, and so they didnt go to vote.

Until things start going terribly wrong, and it will likely take some time (Extra! Extra! Maybe not? before they do, Albertans will sleepily hold the Conservatives hand into a future of endless oil revenues, low taxes and bad traffic.

As usual, you read it here first.A parallel can be drawn to the federal Conservatives, with most Canadians feeling like they havent done anything crazy yet, and the opposition strategy appearing to be, were  killing time until they do.

 

A Basic Look into Corporate Tax

A lot of countries enforce corporate tax on the capital or income of certain types of legal entities.   This kind of tax may also sometimes be referred to as capital tax or income tax.  Entities like partnerships do not exactly get taxed at this type of entity level.  On most countries, all corporations that do business there get taxed with corporate tax.

A company’s income that is subjected to taxing is usually determined similarly like how individuals get taxed from their taxable income.  Oftentimes, the tax is implemented only on net profits.  However, since each country has their own certain tax rules, the rules on how companies and corporations get taxed will vary differently from how individuals get taxed.  In fact, there may be certain types of entities that will be exempt from such tax.

Different countries share similar tax rules but will sometimes have slight variation on their rules, many of which are made for the benefit of the government but still in accordance to the people they claim taxes from, or so they say.  A lot of countries tax corporations on income tax and still tax the owners when they pay dividends.  When owners get taxed, withholding tax can be applied.  Under most cases though, the taxes on owners are not referred to or identified as corporate tax.

One factor that makes a certain area pay tax differently is if there is profit being gained by the government from the land there.  As part of subsidy, certain taxes imposed are exempt.  If you live in Calgary and are unsure with their corporate tax rules, it is highly suggested that you hire an Calgary corporate tax who practices their accountancy locally.  They will most likely be updated on rules on tax and any changes made to it within a fiscal year. It is imperative that all tax issues be consulted with those who are most qualified to assist you as the difference in tax rules can greatly change the outcome of the tax that will be imposed.