Bitcoin mining is a computer process that consumes a considerable amount of power.
business investment
In seven provinces, the top personal income tax rate exceeds 50 per cent.
Capital formation in plant, machinery and equipment remains a major factor in growing our productivity and competitiveness.
The overall tax rate on new investment in the U.S. may fall to 18.6 per cent compared to 21.6 per cent in Canada.
Current projections suggest firms will invest less money in Ontario this year than in 2008.
Statistics Canada’s August economic growth numbers show that the economy contracted.
Nearly 40 per cent of second quarter growth came from the energy sector.
As a share of GDP, business investment in Canada stands around 11 per cent.
Alberta’s new carbon tax, and higher corporate and personal income taxes, all contribute to a poor investment climate.
From 2015 to 2017, Canada ranked second lowest among 17 comparable countries in annual investment as a percentage of GDP.