The government offset the benefits of the lower tax rate by eliminating tax credits.
Canada has the seventh-highest top combined personal income tax rate in the OECD.
In total, 48 U.S. jurisdictions have lower top PIT rates than every Canadian province.
The government’s plan to increase the “basic personal amount” will cost nearly $7 billion annually.
More tax credits complicate the tax code.
Since its inception, the U.S. federal minimum wage has never been reduced.
Vancouver, along with dozens of other cities, is trying to attract Amazon’s second North American headquarters.