If investors can fetch a higher after-tax return by investing in Ontario over Alberta, there’s a good chance they will.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.
Statistics Canada’s latest survey on investment intentions for 2018 found that private-sector investment is slated to fall again this year.
The recent move by Kinder Morgan on the Trans Mountain pipeline was a massive blow to Canada’s investment attractiveness.
Private-sector investment in factories and other structures down more than 23 per cent.
Future annual cannabis retail sales in Ontario may be in the billions.
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive.
Canada’s economy has grown at or above 1 per cent in 18 different quarters since 2000.