I’ll admit that I am not familiar with the business tax code in Canada but I would think a large publication like The Star has its facts right and if it is, this is rather disturbing…

But there is a disturbing other side to the picture that politicians seem to feel is impolite to mention in mixed company. That is that both the federal and Ontario governments are implementing a series of corporate tax cuts that deplete public revenues by billions of dollars every year. So while ordinary Canadians are being told there isn’t enough money for transit or education or health care, the wealthiest companies are getting bonus tax cuts.

The Conservatives claim that by cutting tax rates we will help to attract business to this country. The flaw in that argument is simple — we already have one of the lowest corporate income tax rates in the industrialized world. A recent report by global business consultant KPMG compared 10 key countries, and found that Canada’s rate was the lowest. We are at 12.2 per cent — far less than the U.S. at 28.3 per cent or Mexico at 28 per cent. When you add other business levies, the difference between us and the Americans widens even further. So why the rush to give up revenues that most people would want to be used for vital services?

Now is certainly not time to cut business taxes, especially if Canada already has some of the lowest tax rates in the corporate world.  Yes it does bother me that my personal taxes are going up and social services are being cut yet big business gets to keep more.  Hell I wish people could be taxed like businesses…