Bits & Bites

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Canadian tax system in top 15%

Canada ranks 28th in the world for its ease of paying taxes, according to a report by the World Bank Group and PricewaterhouseCoopers.

The report, Paying Taxes 2010, measures how easy it is to pay taxes in 183 countries by assessing the administrative burden for companies to comply with tax regulations and also by calculating a company's total tax liability as a percentage of pretax profits. Specifically, the study used three indicators: the total tax rate (the cost of all taxes borne by the company); the time it takes to comply with the major types of taxes and the number of tax payments. Canada …