Terence Young, M.P.
Oakville

On September 23rd, Prime Minister Stephen Harper visited Tim Hortons on Wyecroft Road to celebrate the return of Tim Hortons head office to Canada – and Oakville. A key reason that Timmy’s executives brought their Corporate head office back home from the United States was that corporate taxes in Canada are going down. Two benefits of lower corporate taxes are that they attract new jobs and new investment in Canada. Our plan is working.

"In 1995 when Tim Hortons merged with an American firm it effectively became an American company. That decision was undoubtedly made in the best interests of the company, but here we are today, 14 years later, because it is now in the best interest of the company to come back to Canada. This decision is all about the bottom line and the bottom line is that Canada is now not just a great place to live, but a great place to invest and do business," said Prime Minister. "When our government took office in 2006 the corporate tax rate, just at the federal level, was over 22 per cent. Today it is down to 19 per cent and it will fall to 15 per cent by 2012 when it will be the lowest in the G7!"

Watch the speech Prime Minister gave to the management and employees of Tim Hortons flagship store on Wyecroft Road.

* * *

A photo-opportunity? You bet – at least for an Oakville Works crew that dropped in for a coffee, and for our Constituency Assistants Joan Gibb and Kim Blain. Their pictures with the Prime Minister – and more details about the visit – could be found in the Fall 2009 issue of our Inside Ottawa newsletter.