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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.

Jack M. Mintz
Jack Mintz

Dr. Jack M. Mintz is 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.