OTTAWA — The federal government will roll out an update to its fiscal plan Wednesday to help Canada compete for investment dollars following major American corporate tax reforms — but it’s up for debate whether the country is facing a serious investment challenge. Morneau has heard many warnings from corporate Canada that American tax reforms will have a big, negative impact on investment here. A study released in September by the PwC accounting firm warned the American tax reforms will have a major, negative impact on Canada. The study was commissioned by the Business Council of Canada, which has been pushing for lower corporate taxes. There are recommendations that Morneau could consider a cheaper option than corporate tax cuts: allowing all companies to immediately write off new equipment purchases.

Source: National Post November 20, 2018 15:56 UTC