The government permanently increased the tax rate for banks and life insurance companies to 16.5 per cent on profits over $100 million.
The federal government raised the top personal income tax rate from 29 per cent to 33 per cent.
The president wants to increase the federal corporate tax rate to 28 per cent.
Trade liberalization could increase Canada’s economic output by up to $130 billion annually.
Canada ranks among the highest tax jurisdictions in the industrialized world for taxes on personal income, businesses and capital.
Alberta's tax relief plan may help spur the creation of 58,000 additional jobs in 2022.
Alberta’s personal income tax return relies on federally-determined income to calculate provincial income.
Calgary households will see a $60 property tax increase, on average.
The Trump administration has lowered business tax rates and introduced accelerated depreciation.
Canadian provinces comprise nine of the 10 jurisdictions with the highest combined personal income tax rates in Canada and the U.S.