Canadian provinces comprise nine of the 10 jurisdictions with the highest combined personal income tax rates in Canada and the U.S.
barriers to investment
The list of made-in-Canada policies that have reduced our competitiveness is long and substantial.
Bill C-69 would completely overhaul how major energy projects are reviewed by government in Canada.
The decline in foreign direct investment since 2007 totals an almost unimaginable 74.9 per cent.
Capital investment in Canada’s oil and gas sector declined by an estimated 44 per cent from 2014 to 2017.
Statistics Canada’s latest survey on investment intentions for 2018 found that private-sector investment is slated to fall again this year.
The U.S. advantage over Canada is not surprising in light of recent U.S. tax cuts and deregulation.
Private-sector investment in factories and other structures down more than 23 per cent.
Business investment (excluding residential structures) is down nearly 20 per cent since the third quarter of 2014.