The Ontario government plans to increase the minimum wage to $15 in January.
corporate tax rate
The evidence suggests that workers pay more than half of any corporate tax.
New government plans to reduce rate to 8 per cent.
Corporate income tax reductions benefit people throughout the economic spectrum, not just the affluent.
Effective Tax and Royalty Rates on New Investment in Oil and Gas after Canadian and American Tax Reform
Ontario once benefitted from some of the lowest power prices on the continent—not now.
Cutting the corporate tax rate would help lower Canada’s overall effective tax rate on new investment.
Prior to the Notley government tax changes, Alberta’s corporate tax rate was the lowest in Canada.
B.C. is significantly raising its carbon tax rate—by 66 per cent, from $30 to $50 per tonne.
Business subsidies can also irritate our trading partners, threatening Canadian access to foreign markets including the U.S.