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Canada among top 10 easiest places to pay corporate taxes

The joint study ranked Canada eighth for a second year in a row in a report released Tuesday.

The report ranked countries based on the number of tax payments per year, time taken to compile returns and submit payments and the total tax rate for a hypothetical small- to medium-sized business.

“Within North America, Canada maintains the lowest average total tax rate ranking largely due to its efforts to establish a tax-competitive and business-friendly environment,” said Brad Sakich, PwC’s Canadian tax policy leader.

Tech Triangle‘s insight:

“Within North America, Canada maintains the lowest average total tax rate ranking largely due to its efforts to establish a tax-competitive and business-friendly environment,” said Brad Sakich, PwC’s Canadian tax policy leader.

Canada ranked ahead of many of its direct competitors including the United Kingdom, which was 14th, and the United States at 64th.

See on www.canadianmanufacturing.com

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