Jack M. Mintz: Liberals about to deliver another kick in the groin to corporate Canada

Article Link: https://business.financialpost.com/opinion/jack-m-mintz-liberals-about-to-deliver-another-kick-in-the-groin-to-corporate-canada

Discussion posted by: David McNamara

An intriguing Liberal party platform promise to limit corporate interest deductibility will return as we get closer to this spring’s federal budget. Even though making corporations pay more tax is politically popular, they account for the lion’s share of investment and jobs in the country. The proposal could haunt the minority government if a backlash occurs similar to 2007 when Jim Flaherty, then minister of finance, backtracked on a proposal that had a similar intent.