The Hill Times Photo: Jake Wright
Finance Minister Jim Flaherty has refused to back down on his commitment to cut federal corporate tax rates to 15 per cent by next year, which will position Canada in the middle of G20 economies. The cuts are shaping up to be a major issue in the next federal election.
In 2012, Canada will have the lowest corporate income tax in the G7. That statement is easy to make; its context is harder to grasp.