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
@9MBZN253wks3W
Increase it to equal the top marginal income tax rate, but only after all investments are deducted, interest is no longer deducted, all capital gains are excluded from the income tax, and the tax on businesses are changed to a destination-based system.
@9M4LF5F4wks4W
Raise, and eliminate all loopholes and programs promoting exemptions for any large corporations while lowering taxes for small businesses and startups
@9LJGNWT 2mos2MO
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.
@9K3B4YZ3mos3MO
I think for bigger corporations they should raise taxes and smaller corporations should have lower taxes.
@8XMLGT43yrs3Y
Canadian corporate tax rates should be competitive with other countries that are our competitors.
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