All provinces except B.C., Alberta and Saskatchewan will receive equalization payments this year.
business tax
Flat tax systems encourage stronger economic growth, higher tax revenues and a more robust economy.
High business tax rates reduce innovation and can also reduce worker wages.
The government permanently increased the tax rate for banks and life insurance companies to 16.5 per cent on profits over $100 million.
Alberta's tax relief plan may help spur the creation of 58,000 additional jobs in 2022.
In 2018, Calgary’s non-residential tax rates were almost four times higher than residential rates.
The decline in foreign direct investment since 2007 totals an almost unimaginable 74.9 per cent.
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive.
The new EHT will apply to businesses with annual payrolls of more than $500,000.
From 2014 to 2016, non-residential business investment in B.C. declined 19 per cent after accounting for inflation.