Liberal Wins Open Playing Field for Canada’s Carney on Tax

Canada will likely pursue a more ambitious tax-cutting agenda for companies after the governing Liberal party secured a majority in Parliament, tax professionals said.

The party’s recent victories in three special elections mean it no longer needs the support of other parties to pass bills, opening up legislative options for Prime Minister Mark Carney and eliminating the threat of a general vote.

Big business groups are pushing Carney to launch a significant overhaul of the country’s tax code, but whether Ottawa goes that far remains to be seen. The Liberals have a hefty list of outstanding tax measures that would ...