EVEN though Canada's corporate rate has been on the slide, it has decided against the global trend of raising indirect tax rates.

Canada's corporate tax rate has declined by more than 16% over the past 11 years, consistent with the global trend according to KPMG International's latest annual survey of tax rates affecting business.

The survey reveals that tax rates on corporate profits have declined sharply around the world over the past 11 years but this era is almost over as year-over-year corporate tax rate cuts have become much smaller. At the same time, value added tax and goods and services tax regimes have proliferated around the world.