More than $185 billion in net investment left the country from 2014 to 2019.
business investment
The Trump administration has repeatedly promoted mercantilist industrial policy.
More than 60 per cent of families in the bottom 20 per cent pay higher income taxes today because of the discontinued tax credits.
Excluding residential investment, business investment dropped 17.3 per cent.
The Chrétien and Martin Liberals reduced the capital gains inclusion rate from 75 per cent to 50 per cent.
The top combined personal income tax rate now exceeds 50 per cent in eight provinces.
Governments can ease regulations that inhibit would-be startup companies from raising financial capital.
After the COVID crisis has passed, Ottawa should find ways to encourage private-sector investment and hiring.
Canada’s economy was sputtering prior to the COVID-19 crisis.