Reducing the corporate tax burden has helped make Canada globally competitive. These tax cuts include cuts to both federal and provincial corporate tax rates, the elimination of capital taxes and some payroll taxes, plus the introduction of the Harmonized Sales Tax (HST) in Ontario and BC. In addition to reductions to corporate taxation, tax incentives such as R&D credits have has created an environment that attracts business and fuels the Canadian economy.
This article was originally published in CA Magazine in August 2010.