High corporate income tax rates can undermine economic performance.
corporate income tax
If investors can fetch a higher after-tax return by investing in Ontario over Alberta, there’s a good chance they will.
Ontario’s top combined provincial-federal tax rate is 53.53 per cent—the second highest in Canada and the United States.
Business subsidies can also irritate our trading partners, threatening Canadian access to foreign markets including the U.S.
Private-sector investment is slated to fall again this year—the fourth consecutive annual decline.
B.C.’s overall tax rate on new investment is 27.7 per cent—the highest rate in Canada.
Statistics Canada released its latest survey results on investment intentions for 2018.
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive.