Manufacturing and processing companies can write off the full cost of buying new equipment and machinery as soon as they put the purchases to use.
Focus will be on targeted measures to attract investment, rather than broad-based corporate tax reductions.
635,000 jobs, $85 billion in GDP and $20 billion in government revenue could be at risk.
A response is needed to US policies that have reduced personal and business-related taxes.
Clear warning signs yet Ottawa and many of the provinces have done nothing to respond.
Bank of Canada warns NAFTA uncertainty and the tax reforms would encourage firms to divert investment to the US.
Projects Canada’s economy will grow 2.3% this year, up from 2.1% in October.
House speaker’s proposals include import tax that would impact Canadian manufacturers and exporters.
Concerns over the decline in start-ups has not been met with practical solutions – capital gains tax reform is one practical possibility.
How OECD’s new guidelines will impact base erosion and profit splitting.