MONTREAL—Some Canadian companies that earn a high share of their revenues in the United States stand to save big from a large reduction in the corporate tax rate, say industry experts. Molson Coors, headquartered in Denver and Montreal, declined to provide details about how the tax changes will affect the brewery ahead of its quarterly results Feb. 14. However, she said Montreal-based clothing manufacturer Gildan is already subject to a very low tax rate because it is domiciled in Barbados. Several Canadian firms, including Quebec-headquartered Valeant Pharmaceuticals International Inc. and Canadian National Railway, said they are studying the tax changes. In a report before the tax changes were approved, RBC Capital Markets said large tax reductions could lead to a significant shift in winners and losers.

Source: thestar January 02, 2018 22:41 UTC