08:14 AM EDT, 09/11/2025 (MT Newswires) -- A microbusiness (four employees) in Canada pays on average a "whopping2 20% more in taxes than a similar firm in the United States, finds a new report from the Canadian Federation of Independent Business (CFIB) that compares tax loads in all 10 Canadian provinces and 20 U.S. states.

A small Canadian business (25 employees) pays 23% more in taxes than its U.S. counterpart, note CFIB in Thursday's report.

Even the most competitive Canadian provinces (British Columbia for micro businesses, Saskatchewan for small firms) have an average tax burden higher than the vast majority of U.S. states, pointed out CFIB.

Recent pro-small business changes in the U.S. through President Donald Trump's "Big Beautiful Bill" have made the tax gap between the two countries even wider, it added.

Canada needs to lower taxes or risk driving investment to the U.S., according to CFIB.