The president wants to increase the federal corporate tax rate to 28 per cent.
corporate tax rates
Canada ranks among the highest tax jurisdictions in the industrialized world for taxes on personal income, businesses and capital.
Alberta's corporate income tax rate will drop from 10 per cent to 8 per cent.
The Trudeau government raised the top federal income tax rate from 29 per cent to 33 per cent.
New government plans to reduce rate to 8 per cent.
Cutting the corporate tax rate would help lower Canada’s overall effective tax rate on new investment.
Ottawa and many provincial governments have increased already uncompetitive personal income tax rates.
News that Burger King and Tim Horton’s are merging and that the new company will be headquartered in Canada has taken the business and political world by storm. U.S. politicians and left-of-centre groups denounced the transaction as “tax dodging” and warned of a public backlash against the well-known burger chain.