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.
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@B2L42TM3mos3MO
Lower for corporations that create jobs in Canada and raise for corporations that export Canadian jobs to reduce costs
@B3FQ8ZY2mos2MO
Lower taxes for small businesses while keeping taxes, the same for larger corporations and closing deductions and loopholes
@B2R667BConservative3mos3MO
Both ways. Penalize companies for outsourcing labour to foreign countries over hiring Canadians through higher taxes, lower them for companies who hire Canadians.
@9QZCYDN9mos9MO
Raise them for large corporations and lower them for smaller ones. Additionally, eliminate deductions and loopholes
@9MBZN2511mos11MO
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.
@9FT9T542yrs2Y
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.
@9F2MK7G2yrs2Y
Close the loopholes and eliminate corporate welfare
@9X56Y5B6mos6MO
lower because not everyone have a work to pay their taxes,and some people is becoming homeless because they can't pay their taxes.
@9RPPNG79mos9MO
Lower taxes for companies employing at least 75% of their employees from Canada and increase tariffs for businesses who do not meet this benchmark.
@9K3B4YZ1yr1Y
I think for bigger corporations they should raise taxes and smaller corporations should have lower taxes.
@9J74SMT1yr1Y
Keep current rates but eliminate deductions and loop holes. Tax shareholder dividends. Increase for large multinational corporations but lower for small businesses.
@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
@95WYXWK3yrs3Y
Lower a bit for people who can't afford to pay high taxes.
@93WLR2V3yrs3Y
Lower, but incentivize the rich through intrinsic motivation to invest back into society
@8VSZ2VX4yrs4Y
Lower and tax shareholder dividends instead.
@8VS8T2Z4yrs4Y
Lower taxes for Canadian owned businesses and small business owners
@8VNVYKL4yrs4Y
Maintain the current rate, but allow deductions for costs associated with creating new jobs in Canada.
@8VKD4HP4yrs4Y
Eliminate corporate tax while also eliminating corporate welfare
@8V8LQD4New Democratic4yrs4Y
Increase for multinational companies, lower for small businesses and work harder at removing loopholes.
@8TWXBFC4yrs4Y
Keep current rates, for corporations , eliminate loopholes and decrease for small business.
@8TW8JSM4yrs4Y
Increase taxes on stock buy-backs by corporations to disincentivize the practice as that money should be paid in dividends which will be taxed
@8TFVW57New Democratic4yrs4Y
@8T452LX4yrs4Y
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.
@8RVX5RB4yrs4Y
Raise for large corporations and keep the same small businesses.
@8RHZZXZ4yrs4Y
Lower tax rate for Canadian owned corporations
@8R23V354yrs4Y
where do we stand in the context of the G7?
@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
@8PJSRNZConservative4yrs4Y
We should lower it, due to Covid-19 at the moment. This way employees can afford to hire more workers.
@8KLHHQY4yrs4Y
Raise on all corporation types accordingly to their income.
@8KG75SD4yrs4Y
Reform to a flat tax for all entities dealing in Canadian society.
@8DQ7DSF5yrs5Y
Increase for large multinational corporations but lower for small businesses. Also eliminate loopholes. for the big companies.
@8DC73B25yrs5Y
Raise by 70-90%, government should own all business and we should collectivize and nationalize all industry in Canada.
@8D4X4PW5yrs5Y
Increase for all types of businesses, If you start a business you must pay tax.
Raise, and eventually nationalize them.
@96QWKXF2yrs2Y
End taxation in general. Perhaps the government should create something of monetary value
@96JJRBT3yrs3Y
Canada should nationalize these large corporations.
@8VMNXCL4yrs4Y
Keep current rates for large multinational companies but with less opportunity for deductions and loopholes, lower rates for small businesses
@8TVYS424yrs4Y
No, but profit-shifting and other tax avoidance should be prevented. Also, it should apply to digital earnings of online businesses.
@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.
@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.
@8XKT7VN3yrs3Y
Abolish all taxes and replace them with pollution taxes and a land value tax (LVT).
@8XCDZYT3yrs3Y
Raise, for large businesses at 100% and for small businesses at 85%.
@8W4KBLY4yrs4Y
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.).
@8VVWQC74yrs4Y
There should be no tax on corporations if they agree to pay a profit share percentage as a workers bonus
@8VVG3K44yrs4Y
Abolish private corporations and nationalise them, putting them under state control.
@8VV2P574yrs4Y
Increase for large multinational corporations but lower for small businesses and eliminate all tax loop holes
@98SXX3G2yrs2Y
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.
@98PQTLX2yrs2Y
Lower, as corporations won’t go through a lot of disadvantages
@8SFWYKW4yrs4Y
abolish taxes unless buying items
@8J6BWPS5yrs5Y
Raise it to 45 % on and eliminate deduction and loop holes for large Corporation. But keep the current tax rates for small businesses.
@EdmundSnow984yrs4Y
Regardless, eliminate deductions and loopholes.
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