PMAC wrote to the Minister of Finance, François-Philippe Champagne, to urge the government to focus on proposed United States legislation, H.R. 1 – One Big Beautiful Bill Act, section 899 in particular. This bill would substantially increase taxes payable by Canadian individuals and businesses investing in the United States, including pension plans. It would also have a significant negative impact on the United States economy. We urged the government to work with the United States and global counterparts to address the multitude of issues raised in the letter.
Read the full letter here
