TAXES, TRADE & CANADA'S COMPETITIVENESS
The current tax status quo as the biggest barrier to the country’s ability to increase our global competitiveness and to attract investment to Canada.
Canada’s corporate tax structure no longer has the ability to compete with the U.S., and foreign investment is leaving Canada at an alarming rate – with $100 billion in outflows in 2018. This compounded by the increase of personal taxes in the highest income bracket and the loss of global talent.
The need for tax reform cannot be overstated, and it must be more than just tinkering with tax credits or lowering a tax bracket. It requires a comprehensive, in-depth restructuring of corporate, small business and personal taxes that addresses both the state of the global economy and the realities of employment and the needs of Canadian society.
I encourage you to click through the links below to see what I have been doing as the Member of Parliament to ensure this important federal priority is heard in the riding and in Ottawa.
January 19, 2019
Our tax system is fundamentally unfair and broken
January 18, 2019 – As we look forward to the year ahead and get our economic house in order, increasingly the conversation turns to the failings of our current federal tax system. Overwhelmingly, the message is clear; Canadians feel our tax system is fundamentally unfair and broken.
Tax Structure – Modern & Competitive
Canada’s tax structure hasn’t been substantially reformed since the 1970s, but since then we have seen...
December 12, 2018
NAFTA to USMCA: Not Just the Loss of “Free Trade”
December 12, 2018 – Recently the Liberal Government agreed to the next version of NAFTA, now called the USMCA. How should the success of this new trade agreement be measured? To adequately evaluate the new agreement, the following three issues should be considered:
Loss of Sovereignty vs. Trade Deal
The USMCA is not just a simple free trade agreement between states, it also contains clauses that constrain...