The U.S. advantage over Canada is not surprising in light of recent U.S. tax cuts and deregulation.
barriers to investment
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.
Statistics Canada released its latest survey results on investment intentions for 2018.
Finance Minister Bill Morneau’s budget missed an opportunity to convince investors that Canada remains a desirable place to invest.
Four provinces have increased their general corporate tax rates over the last three years, including B.C. and Alberta.
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive.
Most survey respondents said disputed land claims and protected areas in B.C. deter investment.