corporate-tax-cuts-benefit-all-canadians-020917

Corporate tax cuts benefit all Canadians

Globe and Mail columnist Eric Reguly recently bemoaned that the share of government revenue coming from corporate income taxes has fallen in Canada since the 1960s. Indeed, the share of federal revenue coming from corporate taxes was lower in 2015/16 (at 14 per cent) than the share in 1966/67 (17.5 per cent).But Reguly is fundamentally mistaken in asserting that this represents a shift in the tax burden from corporations to individuals. It also ignores the important benefits that lower corporate taxes bestow on individual Canadians.To begin, people ultimately pay corporate taxes. They do so either as shareholders through lower returns

Read More - The Fraser Institute