Canada’s Tax Time to Compete | Edmonton News

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

Canada’s economy is under pressure from U.S. tariffs, and Prime Minister Mark Carney’s government is racing to shield it — with short-term aid for businesses and workers, but economists are pushing for bold, long-term tax reform. Cutting personal and corporate income taxes could dramatically boost competitiveness, unlock investment, and raise living standards — especially since Canada’s reliance on personal income taxes is the highest among G7 nations. With a majority government and elections still years away, now’s the time for transformative policy, even if it’s politically tough. Major…