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On Swedish-style taxes, flat interest rates and how to port a mortgage.
•Tax me like a Swede, says tax expert Jack Mintz in today’s Financial Post. Sweden was the first county to convert their corporate and personal taxes into a “dual-income tax” with low, flat tax rates on capital income and a progressive rate on wages and salaries. It’s our best chance at improving business productivity while restoring investors’ lost retirement wealth, Mintz argues.
•The Bank of Canada said Tuesday it’s holding interest rates steady at 1% adding that the outlook for the global economy has weakened in recent weeks.
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If you have an uninsured mortgage, it’s about to get easier to look for better interest rates elsewhere.
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