Corporate tax cuts not delivering on job creation

A new CCPA study tracked 198 companies on the S&P/TSX composite from 2000 through 2009 and found those companies—Canada's largest corporations—are making 50% more profit and paying 20% less tax than they did a decade ago. But how have they done in terms of job creation? Not so well.

In fact, the number of jobs created by Canada's largest corporations was lower than the average employment growth in the economy as a whole. In essence, the largest beneficiaries of corporate tax cuts are dragging down Canadian employment growth.

If those 198 companies paid the same tax rate as they had in 2000, federal and provincial governments would have collected an additional $12 billion/year in revenue. The loss in revenue from all Canadian corporations would be larger still.

Click here to read the full report.

Offices: