Auto Bailout: Investment

Corporate Tax Rates Dept: The auto bailout worked for the automakers as it helped them avoid bankruptcy and fund their long-term investments. It did not and does not, however, provide a long-term solution for the Canadian auto industry, according to The Star. It seems that the writing is on the wall even with our federal and provincial governments drastically reducing corporate tax rates and transferring GST/HST taxes from the manufacturer to the consumer. I guess the real investment decisions are made on labour costs, not corporate tax rates and re: Auto bailout worked but what next? Opinion, April 9 Recent articles in the Star have quoted the international CEO of Fiat/Chrysler a Canadian as saying that Canadian labour rates are far too high to be competitive for investment in Canada. Also, another article noted that of the billions of dollars invested in North and Central America in the auto industry, only a minuscule investment has been made in Canada. (www.immigrantscanada.com). As reported in the news.