摘要：Following the 2017 overhaul of the U.S. corporate and personal tax system, 2018 has seen much discussion regarding Canada’s diminished tax advantage and its attractiveness as an investment destination in comparison to the U.S. In the November 21st 2018 Economic Update, the federal government’s response was finally unveiled. The central policy included a generous temporary accelerated capital cost allowance. This strategy largely follows a plan of action championed by the Canadian business community and emulates features of the U.S. corporate tax reform. However, as we point out below, tinkering with depreciation schedules distorts further the corporate tax system and fails to deal with other competitive issues that can only be addressed by changes to the statutory corporate income tax rates.
其他摘要：Following the 2017 overhaul of the U.S. corporate and personal tax system, 2018 has seen much discussion regarding Canada’s diminished tax advantage and its attractiveness as an investment destination in comparison to the U.S. In the November 21st 2018 Economic Update, the federal government’s response was finally unveiled. The central policy included a generous temporary accelerated capital cost allowance. This strategy largely follows a plan of action championed by the Canadian business community and emulates features of the U.S. corporate tax reform. However, as we point out below, tinkering with depreciation schedules distorts further the corporate tax system and fails to deal with other competitive issues that can only be addressed by changes to the statutory corporate income tax rates.
