This briefing presents an overview of the corporate tax burdens in Canada and the United States, a summary of the U.S. administration and congressional proposals, and potential approaches to reduce the corporate tax burden in Canada.
The Trump Shadow: The New Urgency of Business Tax Reform in Canada
The Trump Shadow: The New Urgency of Business Tax Reform in Canada
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The election of Donald Trump and Republican Party control of both houses of the U.S. Congress make it likely that the U.S. will reduce corporate and personal tax rates over the next couple of years. Given the increased likelihood that U.S. corporate tax rates will decline in the near future, Canadian governments will be under pressure to reduce the overall corporate tax burden to remain competitive with their southern neighbour.
This briefing discusses the context for corporate tax reform in Canada. It provides an overview of the corporate tax burdens in Canada and the United States and a summary of the administration and congressional proposals in play. It also presents potential approaches to reduce the corporate tax burden in Canada. In addition to economic analysis, the briefing incorporates proceedings of a roundtable among public and private sector tax experts hosted by Signal49 Research in June 2016.
