Four provinces have increased their general corporate tax rates over the last three years, including B.C. and Alberta.
From 2014 to 2016, non-residential business investment in B.C. declined 19 per cent after accounting for inflation.
Bitcoin mining is a computer process that consumes a considerable amount of power.
In seven provinces, the top personal income tax rate exceeds 50 per cent.
Capital formation in plant, machinery and equipment remains a major factor in growing our productivity and competitiveness.
The overall tax rate on new investment in the U.S. may fall to 18.6 per cent compared to 21.6 per cent in Canada.
Current projections suggest firms will invest less money in Ontario this year than in 2008.
Statistics Canada’s August economic growth numbers show that the economy contracted.
Nearly 40 per cent of second quarter growth came from the energy sector.
As a share of GDP, business investment in Canada stands around 11 per cent.