The decline in foreign direct investment since 2007 totals an almost unimaginable 74.9 per cent.
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive.
The new EHT will apply to businesses with annual payrolls of more than $500,000.
From 2014 to 2016, non-residential business investment in B.C. declined 19 per cent after accounting for inflation.
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.
When established in 1917, Canada’s Income Tax Act contained 3,999 words compared to 1,029,042 words today.
Against the backdrop of a sluggish and uncertain economy, B.C. Finance Minister Mike de Jong unveiled a largely status quo budget on Tuesday.