The Trudeau government is pressing ahead with contentious reform plans for small business taxation.
corporate income tax
The Liberal government raised the top federal income tax rate to 33 per cent from 29 per cent.
Canada’s economy has grown at or above 1 per cent in 18 different quarters since 2000.
Corporate income taxes are largely paid by ordinary workers.
Corporate tax hike will reduce earnings for typical two-earner household in Alberta by about $830 per year.
The NDP and Green Party both want to raise B.C.’s top personal tax rate.
Growth expectations from private-sector economists have consistently declined since this government came to power.
Lower corporate taxes bestow important benefits on individual Canadians.
Some of Trump’s pledges could increase the competitiveness gap between the U.S. and Canada, particularly on taxes.