Corporate taxes

Canadians have a choice: Do we want more wealth taxed at a lower rate, or less wealth taxed at a higher rate?

More wealth at a lower rate nets more than a higher tax will.

At 15% Canada is only starting to be competitive with its corporate tax regime. Ireland is at 12.5%. If you were a big wealthy company and could move your wealth to any country in the world, where would you move it?

The US is at 30% their recovery is stalled, business is leaving in droves and have racked up a deficit of 4 trillion dollars since Obama began his presidency. That is equivalent to a deficit of 400 billion dollars in Canada given our relative size to the US. 400 BILLION. If that were the case our total national debt right now would be almost double--at 1 Trillion dollars.

Carefully managing corporate taxation levels was a prudent plan put in place by the Liberals. We have been acting on their targets. Clearly the Liberals have abandoned their plan, but the Conservatives think it is a good plan for good reason. Canada is growing again. More people are employed now than before the recession. We have a reason to be bullish, being competitive with these rates will create more jobs and wealth than we could otherwise.

Finally, while it is true lower rates pull in big business into Canada, most corporations are mom and pop shops on our street corners. They get to pay taxes twice. Once as a corporation, and then again in income taxes. This move helps small business in Canada even more than big business.