On behalf of Westerners with an IQ above 85, let me just say that Tom Mulcair does not owe me an apology for stating the obvious truth that the currency adjustments caused by our massive oil exports have consequences for other sectors of the economy. And let me also say that this doesn’t help, either:
Travis Davies, a spokesman for the Canadian Association of Petroleum Producers, said the oil and gas industry is the single largest capital investor in the country. He said most of the industry’s $100 billion-plus in revenue goes back into royalties, operating costs and capital investment.
He said the industry as a whole pays $3 billion in corporate income taxes.
Oh, boo hoo. Stop lobbying for Chinese and American oil companies, start looking for a Canadian citizen who pays a 3% income tax rate on a 12-figure income, and I will feel sorry for your clients.
That sort of marginal rate, incidentally, must warm the heart of Minister of State for Small Business Maxime Bernier, who thinks that corporations should not be required to pay any taxes at all. None! Zip! Nada!Tweet