Finance minister Bill Morneau and Prime Minister Justin Trudeau
Several months ago, Council of Canadians honorary chairperson Maude Barlow commented, "A global corporate tax 'race to the bottom' is taking place. This is a dangerous trend that will deepen inequality and favour the already favoured."
CBC now reports, "In the face of a growing number of calls for Canada to match a recent U.S. corporate tax cut, Finance Minister Bill Morneau has embarked on a 'listening' tour of Canadian businesses and is mulling new measures to level the playing field - which could come as early as the fall economic statement."
That article explains, "U.S. President Donald Trump has cut the top corporate tax rate from 35 per cent to 21 per cent beginning this year. Canada's combined corporate tax rate hovers above 25 per cent, depending on the province."
The Business Council of Canada, Canadian Manufacturers and Exporters, and the Canadian Chamber of Commerce have all reportedly called on the federal finance minister to cut the corporate tax rate.