I am pleased that HM Government has further cut corporate taxes. I am also hoping for broad based personal tax cuts. Ultimately, as I have told HM Minister of Finance Jim Flaherty many times, we should have a flat tax.
Why Canada’s corporate tax cuts rate a collective cheer
OTTAWA— From Wednesday's Globe and Mail
Published Tuesday, Jan. 03, 2012 6:29PM EST
Last updated Wednesday, Jan. 04, 2012 6:36AM EST
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In an end-of-year review of his government’s achievements in 2011, Prime Minister Stephen Harper noted Forbes magazine’s selection of Canada as the No. 1 country in the world to do business. (“Credit a reformed tax structure,” Forbes declared.) Mr. Harper was right to cite this distinction. On New Year’s Day, Canada’s corporate tax rate – federal and provincial rates combined – fell to 25 per cent, giving Canada the lowest rate in the Group of Seven countries, and a more competitive economy on a global basis.