-A A +A
April 16, 2020

Now is not the time to consider capping interest deductions for business taxes, says a new report from the C.D. Howe Institute.

In “Adjusting to Reality: As Proposed, Restricting Corporate Interest Deductibility is Ill-Advised,” authors Jack Mintz and V. Balaji Venkatachalam note that the proposal, the implementation of which is currently under serious consideration in Ottawa, would have added $1.45B to Canada’s 2019 corporate tax bill.

E-brief 302.pdf
Read the Full Report
Read the Summary
Jack Mintz

Dr. Jack M. Mintz is a Senior Fellow of the C.D. Howe Institute. He is also the President’s Fellow of the School of Public Policy at the University of Calgary, after serving as the Palmer Chair and founding Director from January 1, 2008 to June 30, 2015.

V. Balaji Venkatachalam
V. Balaji Venkatachalam

V. Balaji Venkatachalam is a Research Associate at The School of Public Policy, University of Calgary.

Related Research

Fiscal Accountability by the Letters: The Report Card for Canada’s Senior Governments, 2024

Uncertain Returns: The Impact of the Capital Gains Hike on Ottawa’s Personal Income Tax Revenue

Minding the Purse Strings: Major Reforms Needed to the Federal Government’s Expenditure Management System

Another Day Older and Deeper in Debt: The Fiscal Implications of Demographic Change for Ottawa and the Provinces