The level of taxation in Canada compares favourably with that of other major industrialized countries. Canada has a comprehensive social security system, as well as excellent public health care, training and educational services. Yet, with all of these publicly financed benefits, corporate and business taxes are still competitive with the U.S. and the G-7 average.*
Ontario's commitment to a program of tax cuts and to creating a positive business environment is responsible for the province's outstanding growth performance.
Payroll Taxes are lower in Ontario than any other G-7 country**
Ontario's combined federal-provincial corporate tax rate is over four percentage points lower than the U.S. average for manufacturing.***
Sources:
* http://www.2ontario.com/facts/fact09.asp
** http://www.2ontario.com/facts/fact11.asp
*** http://www.2ontario.com/welcome/bctx_600.asp
