fbpx

Taxation

Viewpoint – To Stay Competitive, Canada Needs a Low, Proportional Corporate Tax Rate

U.S. President Donald Trump has just reiterated his intention to reduce the top federal corporate tax rate, aiming to lower it from 35% down to 20%. Such an abrupt reduction, or even a more modest one, would have serious consequences for the Canadian economy. Ottawa therefore has an interest in reforming its own corporate tax system without delay and in introducing proportional taxation based on the 10.5% rate that currently applies to small businesses, so that one single federal rate remains for all Canadian businesses.

Back to top