« Montreal has one of the lowest overall tax rates of any metropolis in the world »
Says Montreal Gazette which is not known to be a nest of separatist propagandists.
« Wait a minute, back up. Isn’t Quebec supposed to be a bad place to do business?
High corporate taxes, high income taxes, the extra cost of obligatory French documents and packaging and signs, prime commercial real estate that’s scarce, overvalued and overtaxed, strong unions, strict environmental laws, mandatory French school for the kids — the impediments to setting up shop in this part of North America are numerous.
Or so goes the popular wisdom, some of it fuelled by studies like a recent Fraser Institute report, which claimed Quebec’s “economic freedom” and prosperity is being curtailed by, in the words of one of the Vancouver think tank’s senior fellows, “big government, high taxes, unaffordable social programs and difficult labour relations.”
Well, it might be a bum rap.«
The Gazette adds : » Montreal has one of the lowest overall tax rates of any metropolis in the world, second only in Canada to Vancouver. Yes, it costs extra to do everything in French here, deal with unions and reduce pollution, but that’s compensated for by gaining access to Canada’s second-largest consumer market. »
Yes, second largest consumer market. We tend to forget that. Some seem to think that companies come here for charitable purposes. Well, no, we are a market that is worthed something.