Canada's Leaders Grapple With Taxes

If the world’s rich countries are engaged in a “tax arms race,” it’s a competition Canada seems determined to win.

In just five years, Canada has gone from having the highest business taxes in the Group of Seven industrialized nations to the lowest. The federal corporate tax rate is on a course to reach 15 per cent next year, down from 28 per cent at the start of the decade – the result of successive cuts by both Liberal and Conservative governments.