Canada has again ranked 15th of 38 industrialised countries in the Tax Foundation's annual International Tax Competitiveness Index, the National Post reports, two places ahead of the United States.
The study, released on Monday, found that high personal income taxes held Canada back: it placed 28th on that measure, 22nd for taxes on wages and 34th for taxes on capital gains and dividends. Canada did better on consumption taxes, coming eighth, and was noted for having no wealth, estate or inheritance taxes, but it came 28th for cross-border tax rules.
The findings add pressure on the Carney government ahead of a federal budget expected within a month. Recent measures such as the Building Canada Strong Act were not counted, because the study only covered policy changes made up to July.
Source: National Post