New government plans to reduce rate to 8 per cent.
corporate tax rate
Corporate income tax reductions benefit people throughout the economic spectrum, not just the affluent.
Effective Tax and Royalty Rates on New Investment in Oil and Gas after Canadian and American Tax Reform
Ontario once benefitted from some of the lowest power prices on the continent—not now.
Cutting the corporate tax rate would help lower Canada’s overall effective tax rate on new investment.
Prior to the Notley government tax changes, Alberta’s corporate tax rate was the lowest in Canada.
B.C. is significantly raising its carbon tax rate—by 66 per cent, from $30 to $50 per tonne.
Business subsidies can also irritate our trading partners, threatening Canadian access to foreign markets including the U.S.
Both Saskatchewan and British Columbia now have lower corporate tax rates than Alberta.
The Wynne government’s “Fair Hydro Act” borrows money, which must be paid back, to lower energy costs.