About The Event
A pivotal meeting was held under the chairmanship of Samira Jahanpak, Vice President and Financial Advisor of CAMA College. The primary objective of this session was to explore effective strategies for enhancing organizational profitability in Canada, ensuring that operational costs and government taxes are justifiable.
Tax Law Review
The session included an in-depth examination of the tax laws across various Canadian provinces. Examples of corporate income tax rates are as follows:
- Ontario: 11.5%
- British Columbia: 12%
- Quebec: 11.5%
- Alberta: 8%
- Nova Scotia: 16%
- Manitoba: 12%
These differences highlight the diverse tax policies in different provinces and their impact on organizational profitability.
Analysis and Findings
The variation in tax rates between provinces can significantly influence corporate decisions regarding their location. For instance, Alberta, with a tax rate of 8%, may be more attractive to companies looking to reduce their tax expenses. This could aid in the province’s economic development while simultaneously lowering operational costs for businesses.
Recommendations and Resolutions
At the end of the session, it was decided that CAMA College will design and offer the following courses:
- Financial Management for Non-Financial Managers: These courses aim to enhance the financial knowledge of managers and aid in improving their financial decision-making skills.
- Quality Profit Enhancement in Commercial Organizations: These courses will provide practical and effective strategies to improve financial performance and profitability.
Course Objectives
These courses are intended to strengthen financial management skills among managers and improve organizational financial performance. CAMA College is committed to providing specialized and practical education that can help increase the efficiency and profitability of organizations.
This session marks the beginning of initiatives aimed at improving financial management and profitability in Canadian organizations.
Our Speakers
