The U.S. federal corporate income tax rate dropped by 14 points to 21 per cent.
Private-sector capital spending in the U.S. picked up substantially after President Trump took office.
Cutting the corporate tax rate would help lower Canada’s overall effective tax rate on new investment.
Reducing Canada’s corporate tax rate will directly promote business investment.
Corporate tax hike will reduce earnings for typical two-earner household in Alberta by about $830 per year.
Canada's new top federal tax rate of 33 per cent is being layered on top of several tax increases by the provinces.
When the new federal top tax rate takes effect, Alberta will have one of the highest top rates in North America.
Every one per cent increase in the corporate income tax could translate into a loss of several hundred dollars per year for the average Canadian worker.