OTTAWA: While some might think it prudent for Canada to take a wait-and-see approach before reacting to U.S. President Donald Trump’s economic plan, at least one expert believes the Trudeau government needs to be ready to act fast.
“There’s no question the Canadian government should seriously consider the impact these changes in the U.S. are going to have and act appropriately,” Walid Hejaz, associate professor at the Rotman School of Management told Global News.The first would be the corporate tax rate, which will see Canada lose a competitive edge as the U.S. plans to lower the federal corporate tax rate from 35 per cent to 20 per cent. That would essentially close a huge gap between the two countries.
