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Growing the Canadian
Economy 101
By: Paul Young, CPA, CGA
Agenda
β€’ Exports
β€’ Manufacturing Sales
β€’ Payroll Taxes – CPP
β€’ Payroll Taxes – EI
β€’ Government Spending
Exports 101
Exports Facts:
β€’ $526B annually
β€’ Corporate Tax impact from Exports $9B
Business / Manufacturing Sales
What Drives
Manufacturing Sales
β€’ Consumer Spending
β€’ Exports
What Drives Consumer
Spending
β€’ Disposable Income
β€’ Price of Goods
β€’ Product availability
What Drives Exports?
β€’ Trade Deals
β€’ Investment deals
Corporate Tax
Impact
Assumption 12%
Operation Profit
β€’ Corporate Rate of
27% equals $21B
in Corporate Tax
β€’ Federal Corporate
Tax $12 or about
1/3 of Corporate
Tax Revenue
January Employment
Issues:
β€’ Slow Global
economy
β€’ More Entrance to
the workplace –
few jobs
β€’ Skills do not align
with open
positions
Payroll Taxes/CPP
β€’ CPP match dollar for dollar by employer
β€’ Cost to business
β€’ CPPIB is independent board
Payroll/EI
β€’ EI is fund paid in by both employer and employee
Government Spending

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How to Grow an Economy - Canada

Editor's Notes

  1. http://www.cppib.com/en/public-media/headlines/2015/CPPIB-year-end-2015.html
  2. http://www.osfi-bsif.gc.ca/Eng/Docs/EI2015.pdf