What is trickle down economics

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This presentation explains what trickle down economics means to economy. The presentation will look at taxation and how revenue flows through the economy.

Government & Nonprofit

Trickle Down
Economics
By: PaulYoung, CPA, CGA

Harper has
used different
approaches to
the economy
 Lower tax rates for low to middle class Canadians -
http://www.cbc.ca/news/business/canadians-pocket-30-billion-
from-tax-cuts-in-past-decade-pbo-1.2655522
 Lower CorporateTax Rates
 http://business.financialpost.com/news/fp-street/canada-ranked-
worlds-most-tax-friendly-for-business
 Increased funding to social programs including Healthcare and
Education
 http://www.fin.gc.ca/fedprov/mtp-eng.asp

Lower tax
Rates
 More disposal income
 Consumer spending
 http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/trad15a-
eng.htm
 Savings - http://www.cbc.ca/news/business/canadians-are-saving-
enough-for-retirement-says-c-d-howe-study-1.3100653 or
http://business.financialpost.com/personal-finance/tfsa/exclusive-
canadians-maxing-out-their-tfsas-from-all-walks-of-life

Canada
Corporation
 Lower CorporateTaxation
 Capital Spending http://www.statcan.gc.ca/daily-
quotidien/150706/dq150706a-eng.pdf

Canada
Corporation/In
novation

 SDTC -
http://www.sdtc.ca/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=333&cntnt01origid=341&cntnt01detailtemplate
=news-details&cntnt01returnid=143&hl=en_CA
 Next Generation of Fuels - http://www.nrcan.gc.ca/energy/alternative-fuels/programs/3643
 R&D Program http://www.kpmg.com/ca/en/services/tax/r-d-incentives-and-services/pages/canada.aspx
 CME -
http://www.parl.gc.ca/Content/HOC/Committee/412/FINA/WebDoc/WD6615327/412_FINA_PBC2014_Briefs%5CCanadianMa
nufacturersAndExporters-e.pdf
 http://www.researchinfosource.com/pdf/2013Top100List.pdf
 http://www.conferenceboard.ca/press/newsrelease/14-03-
26/canada_s_pharmaceutical_sector_could_get_r_d_boost_from_free_trade_agreement_with_europe.aspx
 http://www.canadapharma.org/News.asp?a=view&id=96
 http://www.plant.ca/general/canada-remains-competitive-business-tax-environment-worldwide-kpmg-infographic-137272/
 http://www.pwc.com/en_CA/ca/energy-utilities/publications/pwc-technology-oil-sands-report-2013-11-en.pdf
 http://www.workingforest.com/canadian-forest-products-research-and-innovation-receives-global-recognition/
 Advanced MFG - http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/01547.html or http://news.gc.ca/web/article-
en.do?nid=984479 or http://cme-mec.ca/_uploads/_media/52fqtx4b9.pdf
 Tesla - http://www.cbc.ca/news/canada/nova-scotia/tesla-announces-5-year-lithium-ion-research-deal-with-dalhousie-
1.3117126
 Harper and IBM - http://www.theglobeandmail.com/news/politics/ottawa-reveals-details-of-15-billion-fund-for-science-
strategy/article21957502/
 Canada’s Ranking - http://www.newswire.ca/news-releases/canada-moves-up-in-innovation-rankings-but-weaknesses-
remain-524047021.html
 There is more improvement required to continue to help move ideas from incubation to markets.
 Government Programs - http://www.slideshare.net/paulyoungcga/federal-government-programs-canada

Healthcare,
Education,
Social
programs
 https://www.youtube.com/watch?v=xqLDHQ-iJU8 (Validates
sharing of the wealth (Canada –vs- USA)

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What is trickle down economics

1. Trickle Down Economics By: PaulYoung, CPA, CGA

2. What is trickle down economics?

3. Harper has used different approaches to the economy  Lower tax rates for low to middle class Canadians - http://www.cbc.ca/news/business/canadians-pocket-30-billion- from-tax-cuts-in-past-decade-pbo-1.2655522  Lower CorporateTax Rates  http://business.financialpost.com/news/fp-street/canada-ranked- worlds-most-tax-friendly-for-business  Increased funding to social programs including Healthcare and Education  http://www.fin.gc.ca/fedprov/mtp-eng.asp

4. Lower tax Rates  More disposal income  Consumer spending  http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/trad15a- eng.htm  Savings - http://www.cbc.ca/news/business/canadians-are-saving- enough-for-retirement-says-c-d-howe-study-1.3100653 or http://business.financialpost.com/personal-finance/tfsa/exclusive- canadians-maxing-out-their-tfsas-from-all-walks-of-life

5. Canada Corporation  Lower CorporateTaxation  Capital Spending http://www.statcan.gc.ca/daily- quotidien/150706/dq150706a-eng.pdf

6. Canada Corporation/In novation   SDTC - http://www.sdtc.ca/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=333&cntnt01origid=341&cntnt01detailtemplate =news-details&cntnt01returnid=143&hl=en_CA  Next Generation of Fuels - http://www.nrcan.gc.ca/energy/alternative-fuels/programs/3643  R&D Program http://www.kpmg.com/ca/en/services/tax/r-d-incentives-and-services/pages/canada.aspx  CME - http://www.parl.gc.ca/Content/HOC/Committee/412/FINA/WebDoc/WD6615327/412_FINA_PBC2014_Briefs%5CCanadianMa nufacturersAndExporters-e.pdf  http://www.researchinfosource.com/pdf/2013Top100List.pdf  http://www.conferenceboard.ca/press/newsrelease/14-03- 26/canada_s_pharmaceutical_sector_could_get_r_d_boost_from_free_trade_agreement_with_europe.aspx  http://www.canadapharma.org/News.asp?a=view&id=96  http://www.plant.ca/general/canada-remains-competitive-business-tax-environment-worldwide-kpmg-infographic-137272/  http://www.pwc.com/en_CA/ca/energy-utilities/publications/pwc-technology-oil-sands-report-2013-11-en.pdf  http://www.workingforest.com/canadian-forest-products-research-and-innovation-receives-global-recognition/  Advanced MFG - http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/01547.html or http://news.gc.ca/web/article- en.do?nid=984479 or http://cme-mec.ca/_uploads/_media/52fqtx4b9.pdf  Tesla - http://www.cbc.ca/news/canada/nova-scotia/tesla-announces-5-year-lithium-ion-research-deal-with-dalhousie- 1.3117126  Harper and IBM - http://www.theglobeandmail.com/news/politics/ottawa-reveals-details-of-15-billion-fund-for-science- strategy/article21957502/  Canada’s Ranking - http://www.newswire.ca/news-releases/canada-moves-up-in-innovation-rankings-but-weaknesses- remain-524047021.html  There is more improvement required to continue to help move ideas from incubation to markets.  Government Programs - http://www.slideshare.net/paulyoungcga/federal-government-programs-canada

7. Healthcare, Education, Social programs  https://www.youtube.com/watch?v=xqLDHQ-iJU8 (Validates sharing of the wealth (Canada –vs- USA)

What is trickle down economics

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