Tax Policy Trends: Canadian Policy Makers Consider Response to U.S. Tax Overhaul

Following a recent major overhaul of the U.S. corporate and personal tax system, there has been much concern expressed regarding Canada’s diminished tax advantage and its attractiveness as an investment destination in comparison to the U.S. Among the proposed tax policy responses, some in the business community have called for Canada to adopt accelerated deprecation for machinery, a central component of the U.S. corporate tax reform. The U.S....