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Press Release: Corporate tax cuts will increase gap between oil-producing provinces and rest of country—study May 8, 2008
OTTAWA—The federal government's planned corporate tax cuts will only exacerbate the existing inequalities in Canada's economy—both between regions and across industries, says a study released today by the Canadian Centre for Policy Alternatives (CCPA).
The study, by economist Jim Stanford, analyzes the distribution of corporate profits across Canada’s provinces and across 16 major industries. It finds that the big winners from Conservative corporate tax cuts will be Canada’s oil-producing provinces, and the oil and finance sectors. In contrast, industries and regions which are struggling will receive very little benefit.