The biggest and most expensive incentive program

February 2008 Archives

SubscriptionsGo to the Subscriptions Centre to manage canada goose outlet buffalo your:My ProfileWhen incomes taxes came to Canada in 1917 the stated goal was to finance our country’s involvement in the First World War. The rate was 4 per cent, and it was hoped that the tax would soon disappear.Cynics will note that the war ended almost 90 years ago. The federal government quickly became addicted to canada goose outlet 80 off income canada goose outlet edmonton taxes and after a while it came to an important canada goose outlet shop realization. Income canada goose outlet online taxes could be canada goose jacket outlet toronto used not only to raise revenue, canada goose outlet Canada Goose Outlet in toronto but also as behaviour modification tools through the use of incentives.All economists agree that people respond to financial incentives. Our government canada goose outlet toronto location gives tax incentives to encourage investment in resource exploration and development. We encourage home ownership by exempting the sale of principal residences from capital gains taxes. We even give incentives for canada goose outlet ottawa the purchase canada goose outlet store new york of fuel efficient cars.The biggest and most expensive incentive program, however, is the RRSP. This year the government will grant tax deductions of about $9 billion to Canadians who make contributions to their plans.What do you do when you’re a leading cable company in an era when conventional audio and video cables are being replaced by single HDMI wires, threatening to make some of your existing products obsolete? If you’re canada goose jacket uk Monster Cable, you adapt by diversifying and by jumping into canada goose jacket outlet the new HDMI cable market with both corporate feet.Monster’s movers and shakers were in Vancouver recently and invited me there to take a look at canada goose outlet houston how they plan to remain relevant and profitable in a changing market.As we come to the end of February, I have a couple of observations about this whole clean tech investing thing. First of all: boy, it’s still hot. I just finished a cross Canada, as a matter fact, cross Atlantic road trip canada goose outlet online reviews talking about various predictions that Deloitte is making.And canada goose outlet uk over and over in various Canadian cities, as well as in Israel, the feedback I’ve been getting is that this cleantech space is like nothing we have seen before or for probably the last five or six years.Venture capitalists are wildly canada goose outlet woodbury excited about this space. Let me give you one anecdote.Well, employer circles canada goose outlet factory are all abuzz about this week’s hearing of the groundbreaking Honda case in the Supreme Court of Canada. Every business owner should be canada goose outlet montreal staying tuned over the next few months to find out how our country’s highest court decides the issues which have been raised by the automaker and its dismissed employee, Kevin Keays.In case you don’t remember, Honda Canada fired Kevin Keays a few years ago, after canada goose outlet black friday his medical disability prevented him from complying with the company’s attendance management program and after he questioned the canada goose outlet in usa utility of meeting with yet another company doctor.The trial judge who presided over Keays’ wrongful dismissal claim really threw the book at the company: he ordered Honda to pay close to one and a half months of salary compensation for every year that Keays had been employed, along with a huge punitive damages canada goose parka outlet uk award of $500,000 and an award of legal costs and expenses which amounted to more than $600,000 more.

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