Tax and policy experts are not looking for Canada to open a front against the United States in the ongoing war over corporate tax cuts. Those same experts believe Canada has other options they can turn to in that conflict, rather than simply using a brute force approach such as raising corporate tax rates. Those choices include regulations that apply to corporate concerns, or adjusting the laws that apply to corporate investments. Carbon tax revenue is also on the table to encourage business activity.

Read more: Why Canada is unlikely to take a chainsaw to corporate tax rates in wake of U.S. cuts