Should Canada raise or lower the tax rate for corporations?
Canada currently levies a 15% - 26% tax on all businesses and each province levies an additional 11% - 16% tax rate. The average corporate tax rate worldwide is 22.6%. Opponents of argue that raising the rate will discourage foreign investment and hurt the economy. Proponents argue that the profits corporations generate should be taxed just like citizen's taxes.
68% Raise |
17% Lower |
57% Raise |
15% Lower |
11% Keep current rates but eliminate deductions and loop holes |
2% Lower, but eliminate deductions and loop holes |
0% Remove taxes on corporations and tax shareholder dividends instead |
See how support for each position on “Corporate Tax” has changed over time for 1.2m Canada voters.
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See how importance of “Corporate Tax” has changed over time for 1.2m Canada voters.
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Unique answers from Canada users whose views extended beyond the provided choices.
@8SYCYBT3yrs3Y
Raise, and remove loop holes
@9LJGNWT 4 days4D
Tricky, large multinationals already move income to low or zero taxation locations and simply break even or operate at a loss in the local country. Tax their GROSS REVENUE and ELIMINATE their ability to fund politicians. Political representatives should only be supported by human beings, not fictitious legal constructs.
@9K3B4YZ2mos2MO
I think for bigger corporations they should raise taxes and smaller corporations should have lower taxes.
@8XMLGT42yrs2Y
Canadian corporate tax rates should be competitive with other countries that are our competitors.
@8XKT3BG2yrs2Y
Regardless, reform to Destination-based cash flow tax (DBCFT)
@8XKT7VN2yrs2Y
Abolish all taxes and replace them with pollution taxes and a land value tax (LVT).
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