Carney UNDERCUTS Trump's America by HALF on Tax, Tells Investors to Build in Canada
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At the Canada Investment Summit, Prime Minister Mark Carney told global investors that new investment in Canada will be taxed at less than half the United States rate, his answer to Donald Trump's tariffs. Carney announced immediate expensing for most new capital investment, which he says gives Canada the lowest marginal effective tax rate in the G7. He paired it with a one project, one review, one year approval rule and a message to Americans that Canada will be a stronger, more independent partner when the relationship is rebuilt on respect. This video walks through what was announced, why it matters in the trade war, and what critics will question. - The productivity mega-deduction: two-thirds of assets qualify, more than four times the assets previously eligible - Canada's effective tax rate on new investment: less than half the U.S. rate, about one-third of the OECD average, by Carney's figures - A target of $1 trillion in investment over five years, with 27 major projects worth
Tags: Canadian Politics, Canada News Today, Mark Carney, Canada US Relations, Canada Tariffs, Canadian Sovereignty, Canada Trade, Canada Economy, Canada Trump, Canadian Analysis, Trump News, US Tariff, Canada Trade War, CUSMA, USMCA, Canada Updates
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