Corporate rate: Freeland leaves after a meeting with the Prime Minister on Parliament Hill in Ottawa, Ontario. The Canadian Minister of Finance estimates that the tax rate on new business investment will rise to 16.8% by 2028. — Reuters
OTTAWA: Donald Trump’s planned tax cuts would wipe out Canada’s slim corporate tax advantage, likely driving more capital from the northern nation and deepening its productivity crisis.
Canada’s federal corporate income tax rate is 15%, compared with 21% in the United States.
