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Carney says Canada is 'ahead on incentives' in race with U.S. to attract investment
Carney said the tax cuts will halve Canada’s marginal effective tax rate and help attract $1 trillion in new investment over five years.
- On Tuesday, Prime Minister Mark Carney launched the Canada Investment Summit in Toronto, announcing plans to court private investors for major airports and implement tax reforms to spur foreign investment.
- The U.S. marginal tax rate currently stands at 16.9% following President Donald Trump's One Big Beautiful Bill Act passed last year, as Carney claims Canada is "ahead on incentives."
- His government is lowering the marginal effective tax rate to 6.4% from 13%, aiming to attract $1 trillion in new investment over the next five years and doubling investment incentives versus the U.S.
- Former prime minister Stephen Harper addressed the summit, with Carney thanking him for his presence and noting that Harper's credibility with global investors continues to benefit Canada's international standing.
- Indigenous leaders, environmentalists, and union representatives have criticized the summit, questioning the future of public services, pipelines, and arms manufacturing in Canada amid investment-focused policies.
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6 Articles
The Toronto Star+2 Reposted by 2 other sources
Carney says Canada is ‘ahead on incentives’ in race with U.S. to attract investment
TORONTO - Prime Minister Mark Carney said Tuesday that while Canada is "ahead on incentives" in the race with the United States for investment, it still has a lot of
·Toronto, Canada
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Coverage Details
Total News Sources6
Leaning Left3Leaning Right1Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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