TORONTO—An eight per cent single-rate tax on personal and corporate income would make Ontario one of the most competitive pro-growth tax jurisdictions in North America, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Ontario’s economy has struggled for many years, partly because uncompetitive tax rates discourage businesses and entrepreneurs from moving here and investing in the province,” said Ben Eisen, director of the Fraser Institute’s Ontario Prosperity Initiative and co-author of Time for Tax Reform in Ontario.