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.
Narrow down which types of responses you would like to see.
Narrow down the conversation to these participants:
Political party:
Province/Territory:
Electoral District (2011):
Electoral District (2013):
@9X56Y5B3wks3W
lower because not everyone have a work to pay their taxes,and some people is becoming homeless because they can't pay their taxes.
@9WYDMSD3wks3W
increase on foreign corporations, lower on local businesses, lower even more on small businesses and tax shareholder dividends on all corporations.
@9VVXW3CIndependent1mo1MO
Stop taxing us hard working people and tax the politicians and government they should pay for all this war that they have caused for payers for the taxes and fees and infatuation
@9V4JT2C2mos2MO
Leave the same or slightly lower for large companies but get rid of loop holes etc. lower for small businesses
@9RPPNG74mos4MO
Lower taxes for companies employing at least 75% of their employees from Canada and increase tariffs for businesses who do not meet this benchmark.
@9QZCYDN4mos4MO
Raise them for large corporations and lower them for smaller ones. Additionally, eliminate deductions and loopholes
@9MBZN257mos7MO
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).
@9GNXXXT1yr1Y
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.
@9FT9T541yr1Y
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.
@9FHQKJ71yr1Y
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.
@9F2MK7G1yr1Y
Close the loopholes and eliminate corporate welfare
@9DZP8FJ1yr1Y
End all taxes of companies
@9DW5PVD1yr1Y
I don’t like corporations in general but no governments shouldn’t
@9D536B21yr1Y
Raise, and eliminate deductions and loopholes for large and/or multinational corporations
@9M4LF5F7mos7MO
Raise, and eliminate all loopholes and programs promoting exemptions for any large corporations while lowering taxes for small businesses and startups
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.
@9K3B4YZ9mos9MO
I think for bigger corporations they should raise taxes and smaller corporations should have lower taxes.
@9J74SMT10mos10MO
Keep current rates but eliminate deductions and loop holes. Tax shareholder dividends. Increase for large multinational corporations but lower for small businesses.
@9GPTJ2D1yr1Y
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).
@8QFS26J4yrs4Y
Increase for large multinational corporations but lower for small businesses, but eliminate deductions and loop holes
@8PQL4GY4yrs4Y
If we increase taxes for corporations, they will just find ways to get more money from the consumer by raising prices on goods or by firing employees or outsourcing factories. Unless you can prevent these, citizens who don't have a lot of money will suffer. I do want them to pay more taxes and pay their employees more, however the higher ups will see that their pockets are filled first.
We need to become attractive for entrepreneurs. Dublin Ireland has a 6% corporate tax, hence why they have brought in more money in their banking sector. Instead of it being a one size fits all, what about if it’s gradual the same a personal taxes. Lower rates for businesses that try to have better paying jobs, or have health benefits. Incentify employers to be better employers to their employees with attractive rates based on initiatives, retraining, good pay, equal opportunity etc
@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.
@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.
@937LMWD2yrs2Y
should implement a simpler form of taxation and varying rate of taxation based on the type and industry of the business in question.
@8VSZ2VX3yrs3Y
Lower and tax shareholder dividends instead.
@8VS8T2Z3yrs3Y
Lower taxes for Canadian owned businesses and small business owners
Raise for large corporations and eliminate all loop holes
@8VNVYKL3yrs3Y
Maintain the current rate, but allow deductions for costs associated with creating new jobs in Canada.
@8VKD4HP3yrs3Y
Eliminate corporate tax while also eliminating corporate welfare
@8VDD5T33yrs3Y
Keep current rates, Increase taxes on shareholder dividends
@8VDCCCB3yrs3Y
Encourage international investments that provide Canadian employment with a competitive rate while decreasing tax loopholes and deductions.
@8V9QDJ23yrs3Y
Maintain but remove loopholes
@8V8LQD4New Democratic3yrs3Y
Increase for multinational companies, lower for small businesses and work harder at removing loopholes.
@8TXVXML3yrs3Y
Restructure Revenue Sourcing, we need to eliminate all taxes on Individuals. Keep tariffs on foreign goods, and a royalty to sales of Goods, Services, Franchise Fees, and Stock Sales by non-Sole Owned Companies. Even look at crowd funding on a voluntary level.
@8TWXBFC3yrs3Y
Keep current rates, for corporations , eliminate loopholes and decrease for small business.
@8TW8JSM3yrs3Y
Increase taxes on stock buy-backs by corporations to disincentivize the practice as that money should be paid in dividends which will be taxed
@8TVB43L3yrs3Y
Increase for large multinationals, lower for small business, eliminate loop holes
@8TN3ZRC3yrs3Y
This should fluctuate with economic conditions, and the rate should be constantly updated each year to match what the economists dictate is healthiest for the economy.
Raise the tax rate for corporations significantly, then nationalize all industries when the situation allows
@8TFVW57New Democratic3yrs3Y
@8TC4LXM3yrs3Y
Lower for smaller bussinesses lower corporate tax during a recession and if they create jobs.
@8T9NTX43yrs3Y
Raise, and also eliminate deductions and loop holes
@8T452LX3yrs3Y
Lower but force corporations to prove lowering the taxes for them helped by employing more people.
@8SYZGSD4yrs4Y
Big business, not small business.
@8SHRW854yrs4Y
Yes, as a reward for bringing jobs into the country and low layoff rates.
@8SF7HN34yrs4Y
Keep current rates, eliminate deductions, loopholes, and increase the tax rate for larger multinational corporations while lowering it for smaller businesses
No, we do not want Capitalist to be more Capitalist
@8RVX5RB4yrs4Y
Raise for large corporations and keep the same small businesses.
@8RQ7YQB4yrs4Y
No, Abolish tax in favour of Mutual aid.
@8RHZZXZ4yrs4Y
Lower tax rate for Canadian owned corporations
@8R23V354yrs4Y
where do we stand in the context of the G7?
@8QFW2GX4yrs4Y
Lower and abolish payroll tax
@8QFCQGTNew Democratic4yrs4Y
Raise for large corporations and close loopholes and deductions.
@8Q5CJW34yrs4Y
Raise by 80%-90% at progressive rate.
@8PYXCGL4yrs4Y
Raise starting at 60% for small corporations and progressively raise the tax rate depending on the size and net worth of the corporation in question.
@8PYBNGW4yrs4Y
Remove corporation taxes altogether.
@8PW9SHK4yrs4Y
Maintain the corporate tax rate and deal with the enormous tax gap.
@8PVXSW44yrs4Y
Stay the way it is right now
@8PNPHFP4yrs4Y
Lower taxes, but make the corporations put their money toward their workers
@8PKSWWG4yrs4Y
raise and eliminate deductions and loopholes as well as tax shareholder dividends.
@8PJSRNZConservative4yrs4Y
We should lower it, due to Covid-19 at the moment. This way employees can afford to hire more workers.
@8NWJ3SPLibertarian4yrs4Y
Tax net profits and shareholder dividends
@8NVX5TH4yrs4Y
End the triple taxation of corporate income.
@8LG95RH4yrs4Y
Keep current rates but eliminate deductions and loopholes for large corporations while subsidizing smaller ones.
@8KLHHQY4yrs4Y
Raise on all corporation types accordingly to their income.
@8KG75SD4yrs4Y
Reform to a flat tax for all entities dealing in Canadian society.
@8JSQYPC4yrs4Y
Make a flat rate fair for big and small corporations
@8DQ7DSF4yrs4Y
Increase for large multinational corporations but lower for small businesses. Also eliminate loopholes. for the big companies.
@8DC73B24yrs4Y
Raise by 70-90%, government should own all business and we should collectivize and nationalize all industry in Canada.
@8D4X4PW4yrs4Y
Increase for all types of businesses, If you start a business you must pay tax.
@8CS7JYB4yrs4Y
keep current rates but eliminate deductions and loop holes, and review this policy on an annual basis based upon market conditions
@97Z2CC22yrs2Y
Corporation must pay fair taxes not always getting a free lunch.
Raise, and eventually nationalize them.
@973TV4S2yrs2Y
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.
@942M3262yrs2Y
Raise to 100% of their income.
@8VMXG843yrs3Y
why does the government do a cash grab every chance it gets from non-profit societies and charities,s but lets rich people actually make a profit have all kinds of loopholes?
@8VMNXCL3yrs3Y
Keep current rates for large multinational companies but with less opportunity for deductions and loopholes, lower rates for small businesses
@8TYVGKZ3yrs3Y
A land value tax reform is better than all above options
@8TWDTHBConservative3yrs3Y
Lower, but only gradually after the federal budget is balanced.
@8TVYS423yrs3Y
No, but profit-shifting and other tax avoidance should be prevented. Also, it should apply to digital earnings of online businesses.
@8TRLT9S3yrs3Y
@92S6KXH3yrs3Y
@92MTJNP3yrs3Y
The corporate tax rate should be reflected by the number of Canadian jobs created and their carbon footprint. It should be an incentive.
@9262JRB3yrs3Y
Create an EU minimum and lower rates for small businesses
@8ZSKBGM3yrs3Y
Keep but Eliminate loopholes and tax shelters.
@8ZSJL5B3yrs3Y
Raise by 95-100% on corporations, such as Walmart and Costco and to 80-94.999% on medium-large sized corporations and to 70-79.999% on medium sized corporations, and smaller corporations and businesses paying 45-50% taxation.
@8ZKVGVBNew Democratic3yrs3Y
All tax rates shall be approved equally priced
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.