Touting the country’s “favorable tax environment” of low corporate taxes Canada’s Trade Commissioner Service (a part of the Foreign Affairs, Trade and Development Canada ministry) is trying to attract foreign investors by comparing Canada’s corporate taxes with those of other countries, including the United States.
The Canadian Trade Commissioner Service highlights Canada’s low corporate taxes as a reason to invest in Canasdsa.
Under the headline “Why invest in Canada?”, the service’s website points out low tax rates: “Canada’s overall marginal effective tax rate is by far the lowest in the G-7 – about 17 percentage points lower than that of the United States.”
Last week (October 10) the service tweeted: “Canada leads the G7 in tax competitiveness as measured by the relative Total Tax Index.”
Canada leads the G7 in tax competitiveness as measured by the relative Total Tax Index. pic.twitter.com/Q2JcafbpZY
— Invest in Canada (@invest_canada) October 10, 2014
A document titled “Invest in Canada – 2013-2014 Edition” outlines the benefits of investing in Canada and points out: “A key factor in Canada’s superior economic performance is a decade-long plan to lower corporate income taxes.”
More information:
Canadian Trade Commissioner Service – Why Invest in Canada? page – here
Invest in Canada document (pdf) – here
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