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ARTICLE · 19 APRIL 2024

Moving Manufacturing And Processing (Taxable Income) To Yukon: This Math Is Mathing!

Miller Thomson
Miller Thomson
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Miller Thomson

Miller Thomson LLP ("Miller Thomson") is a national business law firm with approximately 500...

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I love math. I appreciate the coexistence of precision and ambiguity within math. I enjoy the patterns and randomness that present simultaneously within math.

CanadaTax
Raymond G. Adlington
Raymond G. Adlington
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I love math. I appreciate the coexistence of precision and ambiguity within math. I enjoy the patterns and randomness that present simultaneously within math. I smirk looking back at the quirky symbols and the superscripts and subscripts I once used studying algebra, trigonometry, and calculus. What I truly love about math is the adrenaline rush of reaching a solution.

Solving for tax minimization means locating arbitrage opportunities within our patchwork quilt of Canadian tax legislation. With the federal government and all thirteen provincial and territorial governments autonomously setting income tax rates, brackets, and tax credit amounts and rates for individuals and corporations, differences in effective tax rates for the same type of income is inevitable. I wrote a paper in 2006 for the Canadian Tax Foundation that I titled “Land of a Thousand Rates” – today I would have to at least double that number as provinces and territories continue to flex their taxing

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