Canada’s Tax Time to Compete | Calgary News

Calgary News Today | 2 Min News | The Daily News Now! · Aug 29, 2026 · 1m

Canada’s economy is under pressure from U.S. tariffs, prompting Prime Minister Mark Carney to label it an attack—and sparking a national debate over bold tax reform. With a government majority and time before the next election, leaders are eyeing sweeping cuts to both personal and corporate income taxes as a way to boost competitiveness, attract investment, and fuel long-term growth. Bank executives and economists alike are urging swift action, arguing that this trade friction offers the perfect window for transformative policy. The question now: will Canada seize the moment to reshape its…