Tax Reform to Raise Canada’s Pitiful Productivity

Canadian productivity growth is falling behind historical trends and other countries, resulting in weaker competitiveness and an imperiled standard of living. Canadian productivity must be improved if trade is to diversify beyond the now less-reliable U.S. market. Tax reform must be an element of a multi-faceted effort to bolster productivity growth. Reforms should lower the economic cost of taxation and sharpen incentives to work, train, save, innovate and invest – key ingredients of productivity.