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.
Statistics are shown for this demographic
Province/Territory
Electoral District (2013)
Electoral District (2011)
Response rates from 11.3k Spadina--Fort York voters.
67% Raise |
18% Lower |
56% 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 |
Trend of support over time for each answer from 11.3k Spadina--Fort York voters.
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Trend of how important this issue is for 11.3k Spadina--Fort York voters.
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Unique answers from Spadina--Fort York voters whose views went beyond the provided options.
@B2VNVNW7 days7D
Raise taxes on corporations, tax shareholders, aggressively donate tax evaders, eliminate tax loopholes, deductions are not a guarantee, workers wages and programs and job protection factor into deductions and breaks.
@B2R667B2wks2W
Both ways. Penalize companies for outsourcing labour to foreign countries over hiring Canadians through higher taxes, lower them for companies who hire Canadians.
@B2L42TM3wks3W
Lower for corporations that create jobs in Canada and raise for corporations that export Canadian jobs to reduce costs
@B2BMK7B1mo1MO
Eliminate all corporate tax exemptions but retain a 15% corporate tax rate, & eliminate corporate tax for small businesses.
@B29K2FS 1mo1MO
Lower, but eliminate deductions and loop holes and Increase for large multinational corporations but lower for small businesses
@9QZCYDN7mos7MO
Raise them for large corporations and lower them for smaller ones. Additionally, eliminate deductions and loopholes
@9MBZN259mos9MO
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.
@9GPTJ2D1yr1Y
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).
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