Reforming Canada’s business taxes could improve investment crisis and raise living standards
Boosting Canada’s Competitiveness by Reforming Business Taxation.
By Fraser Institute —— Bio and Archives--October 10, 2024
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—Canada has an opportunity to change the way it taxes businesses and in doing so, could vastly improve the country’s attractiveness for investment, improving economic growth and raising living standards for Canadian workers, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
Specifically, the business tax system can exclude money reinvested by companies into new plants, machinery, equipment, and research and development, and instead only tax disbursements.
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