Small Taxes, Small Businesses

Small business tax incentives are keeping businesses in Canada small, hindering business efficiency and disproportionately benefiting the wealthy, according to a new study from the University of Calgary. The study, authored by Jack Mintz and Duanjie Chen of The School of Public Policy, said that Canada’s small business tax rate creates a “wall of taxation” in the country that keeps businesses small so they can remain in favorable tax brackets.