The Associated Press reports, "President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 per cent to 15 per cent... A senior administration official confirmed the planned reduction to corporate rates, speaking on condition of anonymity in order discuss details of the plan the president is expected to unveil Wednesday [April 26]."
The current corporate tax rate in Canada is 15 per cent (with most provincial rates in the 11 to 12 per cent range).
Trump has also promised to cut the personal income tax rate to 33 per cent from a top marginal rate of 39.6 per cent.
Maclean's has noted, "While the rate facing the highest earners in B.C. remains only 47.7 per cent, the top rate in Ontario, Quebec, and some other provinces now exceeds 50 per cent. In the U.S., the top federal income tax rate is currently 39.6 per cent, but states like California add up to 13.3 per cent more in state income taxes. New York City even has a municipal income tax rate of 3.9 per cent on top of the state and federal taxes."