The Ontario Chamber of Commerce (OCC) is urging the government to keep its commitment to reduce the corporate income tax (CIT) rate to 10 percent by 2013.
We ask that members assist in this important advocacy campaign by engaging their network on the issue and reaching out to local media. To help you communicate this message, the OCC is providing its members with communications tools on Thursday, February 9, 2012. Please watch your inboxes for this email.
The reduction in Ontario’s CIT rate is an essential part of the province’s tax reform package, designed to create jobs and foster economic growth in the province. According to a report by Jack Mintz of the University of Calgary, Ontario’s comprehensive tax reform package will create 591,000 jobs and increase capital investment by $47 billion.
The planned CIT rate reduction is important to securing much needed Foreign Direct Investment (FDI) into Ontario. According to a joint study by Harvard University and the World Bank, on average, a tax rate decrease of one percentage point results in a 3.3 percent increase in FDI inflows.
We urge members to assist in this important advocacy endeavour.
Please contact Jody Lundrigan at jodylundrigan@occ.on.ca or 416-482-5222 ext. 2410 for more information on CIT communication tools.
