The federal carbon tax will rise to $80 per tonne this year.
High business tax rates reduce innovation and can also reduce worker wages.
According to the OECD, Canada has the weakest prospects for per-person GDP growth between 2020 and 2060 among 17 countries.
The government permanently increased the tax rate for banks and life insurance companies to 16.5 per cent on profits over $100 million.
The federal government raised the top personal income tax rate from 29 per cent to 33 per cent.
The president wants to increase the federal corporate tax rate to 28 per cent.
Trade liberalization could increase Canada’s economic output by up to $130 billion annually.
Canada ranks among the highest tax jurisdictions in the industrialized world for taxes on personal income, businesses and capital.
Alberta's tax relief plan may help spur the creation of 58,000 additional jobs in 2022.
Alberta’s personal income tax return relies on federally-determined income to calculate provincial income.