it's 35% in the united states. that ought to be the bare minimum level being discussed.

there is no competitive advantage in offering lower corporate tax rates than the united states, so where they stick theirs ought to be considered our minimum floor.

www.cbc.ca/news/politics/canada-election-2015-ndp-fiscal-plan-1.3230097

j54445
It is 38% in Canada....

Jessica Murray
yeah, but there's all kinds of rebates and stuff on top of it; the functional rate is currently at 15%, which is just...it's stupid, really. there's not another way to describe it. in return for giving them back more than half of their taxes, harper has shifted billions of dollars of what should have been tax revenue into interest-bearing debt for the banks.

if there was any logic in this in the first place, it has been thoroughly debunked. it's a policy that has to be viewed, at this point, as sheer folly. just utter idiocy.

Don't complain
........ You can't compare U.S. with Canadian. Unemployment is far higher in the U.S., minimum wages are far lower and they basically don't want investment in American industry. They have no where to grow, we have extensive room to grow and prosper.

Jessica Murray
that's not the point. the government should be attempting to extract as much tax from industry as possible, by the mandate of the people that demand wealth redistribution. the only relevant downward force is the threat of relocation. and the only economic place to relocate is the united states. so long as it is not higher drastically here than there, there is no reason to relocate. it follows that the policy of the government of canada should be to raise corporate taxes to just higher than that in the united states.

shaftturner
why do people always forget about provincial corporate income tax?

again.....pull your head out of your a.. and learn about provincial corporate income tax before yourant and sound silly.

Jessica Murray
because there are not state taxes in the united states? you have to compare apples to apples. it's not the responsibility of the federal government to concern itself with provincial tax policy.

j54445
Utter idiocy? Just like I am reading from you. Did you not see that tax revenues continue to increase while Harper cuts our tax rates? Is that utter idiocy? The US does not pay an average of 35% as a corporate tax rate because there are abatements and reductions for that as well. Also, I would not try and imitate the Obama administration on economic policy considering their deficit is over half a trillion dollars.

Jessica Murray
tax rates have no effect on the economy. this is the basis of the policy being idiotic. politicians will say that they want to keep tax rates low on the belief it has something to do with jobs. that is empirically false. it has been proven without any question of a doubt that tax rates have no effect on jobs. to continue to hold to this kind of religious thinking is absolute delusion, utter folly - and total idiocy.

all of the parties are delusional on this point, even the greens.

shaftturner
are you even old enough to vote?

Jessica Murray
that picture is about three years old now, but, even so, i'm much older than i look. i actual identify as gen x - which puts me two generations older than the youth vote. it's trudeau's generation.

i'm actually presenting the educated view on the topic. what's depressing is how far it deviates from the conservative media narrative.

seeitmyway
you are wrong, the 155 rate is the small business rate, you need to search the combined rates for Canada, typically in the 30% range.

Jessica Murray
i'm not interested in the combined rates or the small business rate. the corporate tax rate in canada is set to 38%, but decades of rebates have reduced it to 15%. that is all rebates.

what the article should say is that the ndp is promising to reduce corporate welfare by a piddling amount. they're not raising taxes. they're reversing rebates.

38% is about right. if it were my platform, i'd throw every single giveaway and handout in the trash.

seeitmyway
As someone who owns a corp that pays it you are wrong. Period.

you are obviously young and so great at Goggling LOL. rather than believe me or anyone else on here, do some investigation for yourself.

Read and understand how corporate taxes are paid and then the dividend distributed to the investor/owner. see what taxes are then paid on the dividend. Learn what companies do with their retained earnings. I hope you will see that Corporations are not the bad guy, gov't waste is the real bad guy here and no amount of additional spending will fix that. What is needed is a real focus on eliminating waste, that will upset a lot of people especially the very powerful public unions. A simple example of waste is in your neighbourhood, I bet you have both a school library and a public one, Why?

Jessica Murray
i'm in my mid 30s. i was 32 in that picture. that's not young - unless you're very old. and, i've always identified with older people. i would consider myself mentally middle-aged, and expect my voting patterns to align with people in their mid 40s and early 50s. at a dinner party, i would tend to ignore people my own age, be very rude to people younger than me and gravitate towards the oldest people in the room, in hopes of learning something from them.

i'm not interested in what you're saying. but, i think it's clear that you're working for somebody. and you have to understand that i am neither young, nor representative of young people. i hate young people. and they hate me.