When we were here last September, we brought a 10-point plan to improve Canada's competitiveness. Number one on our plan was tax rate reductions. We currently have a 27% corporate rate. We have an over 50% personal rate in most provinces or close to it.
Within the OECD, we are the fourth highest on personal tax rates. This impacts our competitiveness, because businesses look for places where they can develop their business, where they can employ workers, and where they can be competitive on a worldwide scale as things cost more in Canada, as they do.
Taxes are not just the income tax. There are all levels put out by all governments and it's not just the federal government we're talking about. It costs more to do business in Canada. It costs more to live in Canada. This impacts where people want to do business and where people want to live. We have clients asking us all the time about whether they should continue to operate in Canada or whether they should look at other places in the world to carry on their business.
We believe that if we were to have a lower corporate tax rate, it would improve productivity. There would be more jobs and we would have a more competitive, economic, situation for our country.