Canada pressured to respond to Trump’s tax cut regime

Quick Summary:

Donald Trump’s planned tax cuts would wipe out Canada’s slim corporate tax advantage, likely driving more capital from the northern nation and deepening its productivity crisis.

Kenneth Keung, a tax adviser with Moodys Tax in Calgary, said he’s also seeing a ramp up in wealthy clients, including manufacturers, asking for guidance on how they can move their businesses and assets to the US since Trump’s election.

Canada’s federal corporate income tax rate is 15 percent, compared to 21 percent in the US.

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Article Details

Author / Journalist: Erik Hertzberg and Thomas Seal | Bloomberg

Category: BusinessStartups

Markets: PhilippinesCanadaFranceJapanUnited States

Topics: Businesses Percent Investment Canada Taxes He’s Canada’s Trump’s Corporate Capital Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 12:17:52 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 964 words

Reading Time: 6 minutes read

Sentences: 35 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24275483

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 40 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #37

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