That's correct, although there are other provisions that would mitigate against it, for example, the Canadian employment tax credit.
On June 1st, 2006. See this statement in context.
On June 1st, 2006. See this statement in context.
Senior Chief, Tax Policy Branch, Department of Finance
That's correct, although there are other provisions that would mitigate against it, for example, the Canadian employment tax credit.
See context to find out what was said next.