Local Taxes, 2007
| Highlands East |
| Property Class |
Total Tax Rates |
| Commercial (occupied) |
0.02276604 |
| Commercial excess lands/vacant lands |
0.01593673 |
| Office building, occupied |
n/a |
| Office building, vacant |
n/a |
| Industrial (occupied) |
0.02438186 |
| Industrial, large |
n/a |
| Industrial excess lands/vacant lands |
0.0170672 |
| Source: Municipality of Highlands East, 2007 |
| Last Updated: February 2008 |
| Minden Hills |
| Property Class |
Total Tax Rates |
| Commercial (occupied) |
0.02105634 |
| Commercial excess lands/vacant lands |
0.01473944 |
| Office building, occupied |
n/a |
| Office building, vacant |
n/a |
| Industrial (occupied) |
0.02240073 |
| Industrial, large |
n/a |
| Industrial excess lands/vacant lands |
0.01568051 |
| Source: Township of Minden Hills, 2007 |
| Last Updated: February 2008 |
| Algonquin Highlands |
| Property Class |
Total Tax Rates |
| Commercial (occupied) |
0.01959004 |
| Commercial excess lands/vacant lands |
0.01371273 |
| Office building, occupied |
n/a |
| Office building, vacant |
n/a |
| Industrial (occupied) |
0.02070186 |
| Industrial, large |
n/a |
| Industrial excess lands/vacant lands |
0.0144912 |
| Source: Township of Algonquin Higlands, 2007 |
| Last Updated: February 2008 |
| Dysart et Al. |
| Property Class |
Total Tax Rates |
| Commercial (occupied) |
0.01909198 |
| Commercial excess lands/vacant lands |
0.01336439 |
| Office building, occupied |
n/a |
| Office building, vacant |
n/a |
| Industrial (occupied) |
0.02012452 |
| Industrial, large |
n/a |
| Industrial excess lands/vacant lands |
0.01408716 |
| Source: Township of Dysart et Al. |
| Last Updated: February 2008 |
Corporate Provincial Taxes
| Tax |
2007 (%) |
| General/Investment |
14 |
| Small Business Deduction |
5.5 |
| Manufacturing & Processing |
12 |
| Source: Deloitte Quick Tax Facts 2006 (3/2007) |
| Last Updated: February 2008 |
Corporate Federal Taxes
|
Tax |
2007 (%) |
|
General/Manufacturing & Processing/Investment |
22.1 |
|
Small business & development |
13.1 |
|
Canadian Controlled Private Corporation (CCPC) - Investments |
35.8 |
|
Source: Deloitte Quick Tax Facts 2006 (3/2007) |
|
Last Updated: February 2008 |
Advanced Manufacturing Investment Strategy (AMIS)
In today’s global economy, innovation is crucial for success – to help manufacturers become more innovative and competitive, the Ontario government created the Advanced Manufacturing Investment Strategy (AMIS). It’s a $500 million program to encourage companies to invest in leading-edge technologies and processes.
AMIS will provide 10% of the total eligible costs of a project – up to a maximum of $10 million – in the form of a repayable loan. AMIS loans are interest free and principal free for five years provided the firm meets agreed-upon job and investment targets.
Projects must either create/retain 100 or more jobs or invest $25 million over 5 years.
For more information visit:
Apprenticeship Training Tax Credit (ATTC)
Employers are encouraged to hire and train apprentices in certain skilled trades in the construction, industrial and manufacturing sectors. Employers would be eligable for up to a 30% refundable tax credit on wages paid after May18, 2004, to eligible apprentices during the first 36 months of the apprenticeship. The maximum tax credit per apparenctice would be $5,000 per year over the first 36 months of the apprenticeship.
For more information visit:
Co-operative Education Tax Credit
Incentive for businesses to hire students enrlled in a recognized post-seconday education program including leading academic institutions such as University of Waterloo, University of Toronto or Queen’s University and gain access to first-class human resources, on a “just-in-time” low cost basis. Employers receive a refundable tax credit of 10-15% of eligible costs up to a maximum of $1,000 per each co-op placement.
For more information visit:
Targeted Wage Subsidy Program
The program assists unemployed Employment Insurance eligible individuals experiencing difficulty in finding work. Provides employers of a subsidy of up to 60% of wages and other hiring costs per person. Contributions to employer range from $2,000 to $5,000 per eligible new employee. Assistance varies on a case-by-case basis.
For more information visit:
www1.servicecanada.gc.ca/en/epb/sid/cia/grants/tws/desc_tws.shtml |
