OTTAWA — A cross-border council on women in business recommends that companies controlled by women should get lower tax rates. The Canada-United States Council for Advancement of Women Entrepreneurs and Business Leaders made the suggestion in a report released Wednesday that offered recommendations for how companies can better support women in business. That’s why it called for a lower tax rate for women-owned businesses, similar to the lower rates already offered to private corporations that are Canadian-controlled. It says a lower tax rate could encourage more women to create and lead companies and incentivize businesses to include women in their succession planning and ownership roles. The council is made up of 10 female executives — half from Canadian companies and the other half from American companies.

Source: National Post May 16, 2018 20:15 UTC