Taxation in Canada

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Prime Minister Justin Trudeau’s government could make meaningful progress in addressing the nation’s competitiveness challenges even without taking the costly step of lowering the corporate tax rate, according to the head of the country’s biggest business lobby.

Entrepreneurs need passion, but they also respond to incentives. Entrepreneurs, when asked, generally deny that taxation had any influence on their decision to start a business. The passion to create and to run a company, as they see it, was the only factor in their choice. And yet, taxation has an undeniable effect on an […]

Canada’s government is planning targeted measures to boost competitiveness rather than a broad, across-the-board cut to the nation’s benchmark corporate tax rate, according to an official familiar with the plans.

The Liberal government’s tax on Canada’s top 1 per cent failed to produce the promised billions in new revenue in its first year, as high-income earners actually paid $4.6-billion less in federal taxes.

With Ontario delaying the opening of storefront pot shops until the spring, cannabis producers are pushing back against a proposed federal levy on their sales.

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