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Canada’s Tax System Needs Overhaul | Vancouver News

Canada’s Tax System Needs Overhaul | Vancouver News

Published 1 week, 3 days ago
Description

Canada’s economy is under pressure from U.S. tariffs, sparking urgent calls for a bold tax overhaul. Experts argue slashing personal and corporate taxes could boost competitiveness, attract investment, and fuel growth — especially as the Prime Minister, with an economics background and political leverage, leads a majority government with time before the next election. Economists and bank leaders point to Ireland’s success after corporate tax cuts, urging Canada to either go big or go slow on tax reform while also streamlining regulations and welcoming foreign investment to secure long-term prosperity.

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