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.
Raise, and remove loop holes
@8T3T55PConservative3yrs3Y
What tax loop hole? Also I’m an accountant
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).
@8XCDZYT2yrs2Y
Raise, for large businesses at 100% and for small businesses at 85%.
@8X2LCJJ2yrs2Y
Raise, and remove all private businesses
@8W4KBLY3yrs3Y
If they are swimming in money (-cough- Disney. -cough-) they can afford to spare another cent. However- if the corporation is VERY low on funds, or struggling to stay afloat, then keep their taxes how they are. And I'm not saying the moment the struggling corporation gets properly afloat, you should tax them into the ground, just- no. NO. (there may be exceptions to this, however.).
@8VVWQC73yrs3Y
There should be no tax on corporations if they agree to pay a profit share percentage as a workers bonus
@8VVPS7F3yrs3Y
Raise or force them to make donations to non-profits.
@8VVG3K43yrs3Y
Abolish private corporations and nationalise them, putting them under state control.
@8VV2P573yrs3Y
Increase for large multinational corporations but lower for small businesses and eliminate all tax loop holes
@9J74SMT3mos3MO
Keep current rates but eliminate deductions and loop holes. Tax shareholder dividends. Increase for large multinational corporations but lower for small businesses.
@9GPTJ2D6mos6MO
Both - Lower them for corporations that contribute to federal policy and national social values (eg, production of green energy); raise them for corporations that do not contribute to these (eg, production of low nutrient foods/beverages).
@9GPTJ2D6mos6MO
Lower them for corporations that contribute to federal policy and national social values (eg, production of green energy); raise them for corporations that do not contribute to these (eg, production of low nutrient foods/beverages).
@9GNXXXT6mos6MO
It really depends. There could be legally binding agreements that we have with other nations which could get in the way, as well as cause trouble for the tax structure and government.
@9FT9T547mos7MO
Lowering only creates harder competition for more local organic companies to strive. Raising it causes the corporation to either jjst find more loop holes which some are impossible to eliminate or they’ll pass the costs onto consumer driving both the consumer and economy down so I’m neutral.
@9FHQKJ77mos7MO
Depends on the sector. If it’s a sector that we need growth in for example businesses that relate to housing construction and materials we should lower the taxes.
@9F2MK7G8mos8MO
Close the loopholes and eliminate corporate welfare
@9DZP8FJ8mos8MO
End all taxes of companies
@9DW5PVD8mos8MO
I don’t like corporations in general but no governments shouldn’t
@9D536B29mos9MO
Raise, and eliminate deductions and loopholes for large and/or multinational corporations
@9CQ8CWT10mos10MO
Raise and eliminate deductions and loopholes for corporations, lower taxes on small buisness
@9CMY5KJ10mos10MO
Shift all taxes to a land value tax
@9CKSQB310mos10MO
Raise tax rate and eliminate deductions and loopholes
@9BSYMVY12mos12MO
Raise and break up all large companies
@99X3RLQ1yr1Y
Tax on corporations having a negative impact on the country.
@99MVFWX1yr1Y
Corporations should have dedectuions awarded for how much they provide to those in their employment. Then Eliminate loopholes and
@9928V751yr1Y
Individualized government and expert developed rates should be made to tax a corporation based on economic performance, contribution, and general supply and demand of a corporation within it's sector.
@98ZSNKV1yr1Y
We have to look at this
@98Z7TTV1yr1Y
Nationalize Corporations
@98SXX3G1yr1Y
We need to convert to a simple flat tax rate, a single tax for everyone and every company. We spend too much time collecting tax and then giving it back to chosen few.
@98PQTLX1yr1Y
Lower, as corporations won’t go through a lot of disadvantages
@98PHK6G1yr1Y
Lower tax rates on an incentive basis. Companies who contribute more to environmental and social prosperity pay less taxes and have access to more significant deductions.
Depends on a wide variety of factors rather than just high or low taxes. Do they add a lot to the economy, and give back to the community through research and development, but also by hiring lots of employees? These are just some of the things that determine how much or how little a company pays.
@989CNY21yr1Y
Raise by taxing resource use and waste creation
@98554TR1yr1Y
Lower it for all Canadians.
@97Z2CC21yr1Y
Corporation must pay fair taxes not always getting a free lunch.
Raise, and eventually nationalize them.
@973TV4S1yr1Y
depends on the business and living situation
@96QWKXF2yrs2Y
End taxation in general. Perhaps the government should create something of monetary value
@96JJRBT2yrs2Y
Canada should nationalize these large corporations.
@95WYXWK2yrs2Y
Lower a bit for people who can't afford to pay high taxes.
@95CHLHCLibertarian2yrs2Y
No, and get rid of it all together alongside the state.
@942M3262yrs2Y
Raise to 100% of their income.
@93WLR2V2yrs2Y
Lower, but incentivize the rich through intrinsic motivation to invest back into society
@93KS3GS2yrs2Y
Increase and close loop holes for all corporations and eliminate deductions for large multinational corporations.
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