TORONTO (CU)_During the weeks leading up to the federal election in Canada, Prime Minister Justin Trudeau pledged to hike taxes on the country’s largest banks and insurers if he is elected for a second term, with the aim of improving housing affordability in the country. According to the Liberal Leader, the party hopes to increase the corporate tax rate on big banks and insurance companies by three percentage points from the current rate of 15 per cent, on all earning exceeding $1 billion.
The policy pledge, which is expected to generate a minimum of…
