Deputy Prime Minister and Minister of Finance Chrystia Freeland, left, and Prime Minister Justin Trudeau take part in a photo opportunity during the Fall Economic Statement on Parliament Hill in Ottawa, on Tuesday, Nov. 21, 2023. Spencer Colby/The Canadian Press.

Higher corporate taxes will ultimately hurt Canadians

Higher corporate taxes won’t help Canadians they will hurt Canadians. Increasing them will further discourage business investment in Canada and force successful Canadian companies to either constrain or cancel any growth plans. New taxes on profits will hurt consumers, employees, suppliers, and investors.

Canadian Prime Minister Justin Trudeau, left, meets with President Joe Biden during the Summit of the Americas, Thursday, June 9, 2022, in Los Angeles. Evan Vucci/AP Photo.

Is Canada betting too much on the U.S.?

Canada should hedge its bets and more aggressively pursue trading arrangements with others. Instead of continuing to resist opening our highly protected and low-productivity sectors—like dairy—we should embrace as many markets as possible.