To regain our competitive edge, Canada must prioritize tax policies that encourage investment
Taking into account tax variables such as personal taxes and property taxes, Canada ’s ranking in corporate tax competitiveness has been slipping – it's ranked 24th out of 38 major industrial countries in 2023, according to the Tax Foundation , a U.S.-based research think tank.Jack Mintz is the President’s Fellow of the School of Public Policy at the University of Calgary.
While Canada still maintains an edge on one key measure of tax competitiveness – the marginal effective tax rate on capital – this advantage is also threatened. Taking into account some other tax variables such as personal taxes and property taxes, Canada’s ranking in corporate tax competitiveness has been slipping – 24th of 38 major industrial countries in 2023, according to the Tax Foundation, a U.S.-based research think tank, while the U.S. ranks 22nd. A decade ago, Canada ranked 19th, compared to 33rd for the U.S.
Tax Cent Metr United States Canada Investment Taxes Organisation For Economic Co-Operation And Develop Tax Foundation OECD
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