Nooooooo not like that!! 
OTTAWA - Electricity Canada is sounding the alarm over a proposed tax change it warns could see some private utilities saddled with millions in additional income taxes.
He says the problem arises from an adjustment to the Income Tax Act[...]It would bring Canada in line with the United States, the United Kingdom and Ireland on tax rules for companies that operate across more than one country.
But Powell says those countries exempted private utilities that are publicly regulated because they are often required to carry higher debt loads in order to keep rates lower. The new rule would lower the tax exemptions for those debt loads, meaning income tax bills would go up.
Who could have seen this coming?? Yes of course the power utilities will just absorb a giant % cut in profits
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Is Canada like other USA utilities where it is highly leveraged or is it some gay maple leaf socialist thing?
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Used to be Crown Corporations where the entity operates like a private one but the profits are socialized. It kept rates really low for most provinces. Lots have since privatized but they didn't break them up so it's a monopoly.
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Why did they privatize them in the first place?
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@JohnDevereaux guess you wouldn't have too pay unionstrag pensions
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And they didnt just stop pensions instead because then the poors keep getting cheap lights?
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Federal government sets the minimum requirements for Healthcare nationwide but leaves a lot of the specifics to the various provincial governments. Federal government used to kick tax dollars to the provinces to help pay for that standard of care, then they started paying less and less. Eventually provincial governments needed quick injections of cash and to shed expenses so they sold of Crown corporations like Hydro and Telecom in order to keep funding Healthcare
The time has come for the Necromaster. The unleashing of the fourth joker's card. The arrival of The Great Milenko
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How else would you raid the coffers?
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I thought Canadians were supposed to be progressive! How dare they socialize losses?
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Welcome to burger world. My electric bill went insanely high last year. From $350 at the worst month for a 3400sqft house to $500 in multiple months.
Krayon sexually assaulted his sister.
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Be glad you have insulation. I could show you a neighborhood full of houses in Texas that have $500 bills in the summer, for homes less than half the square footage
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Darn I assume Texas gets relatively cheap energy too since that's where the oil comes from
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Yeah, but it get hot as heck in the summer too tho
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dannng ok now I feel better lol
Krayon sexually assaulted his sister.
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i'm glad i could help LOL
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Nat gas or electric heat?
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Gas heat, so that doesn't include my gas bill. My gas bill for last month was $138 so not too bad. When I heat upstairs and downstairs all day, it's about $250
Krayon sexually assaulted his sister.
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Jfc what else is pulling watts?? $500/mo is bananas
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Pool filter. I was running it 24/7 and now save like $100 running it 12 hours a day. I still think it's too high though. I have two A/C units. The really huge McMansions around here have 3 units and now have a $750 electric bill.
Krayon sexually assaulted his sister.
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Snapshots:
https://www.ctvnews.ca/politics/federal-tax-change-could-raise-electricity-gas-bills-in-some-provinces-1.6795174:
ghostarchive.org
archive.org
archive.ph (click to archive)
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