President Trump’s tax reform went a step further towards being adopted on December 19. As explained by Raymond Chabot Grant Thornton’s International Tax Partner Pierre Bourgeois to the Le Devoir, “the federal corporate tax rate would drop from 35% to 21%. In the various States, this rate may vary between 0% and 15%, for an average rate of 5% to 7%. The combined rate will therefore be about 26%, which corresponds more or less to the combined federal-Quebec rate”. Read the article.