 The 2019 Tax Competitiveness Report: Canada’s Investment and Growth ChallengeJack Mintz and
Philip Bazel
SPP Research Papers, 2020, vol. 13, issue 1 Abstract: Over two decades, Canada gradually made its tax regime highly competitive by lowering its federal-provincial corporate income tax rate and working to improve tax neutrality and broaden its corporate tax base. That has changed. Today, Canada’s tax-policy emphasis seems to be on raising revenues while providing special breaks for politically favoured business activities. Unfortunately, that change in direction means that the government is now driving away its hard-earned corporate tax base, rather than preserving it and trying to broaden it further. While many of Canada’s competitors have been working to steadily improve their international competitiveness for investment and profits, Canada has failed to keep up. Seventeen countries have reduced corporate income tax rates since 2017 with large reductions in the United States, France and India, for example. In 2017, Canada’s corporate tax rate was well below the weighted-average corporate tax rate for OECD countries. Canada’s rate is now slightly higher than the average including the United States Date: 2020 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:clh:resear:v:13:y:2020:i:1 Access Statistics for this article More articles in SPP Research Papers from The School of Public Policy, University of Calgary Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.