Will the federal government increase corporate taxes in Canada?

Will the federal government increase corporate taxes in Canada? Will the federal government increase corporate taxes in Canada?

1 Expert Answer

Don Scott

FCPA, FCA, Partner/Director of Tax Services,  Welch LLP

I don’t think this will happen. The small business rate has recently been reduced (to 9%) and the big business rate has remained stable for a while (15%). After adding in the provincial/territorial tax rate, the CDN rates are comparable to, if not higher, than current US rates. And the corporate income base is not one that generates a lot of tax revenue, especially during an economic downturn.

Answers by Welch LLP

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