higher taxes

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Focus on economic growth—not redistribution through tax hikes on the rich

In Canada, 36.1 per cent of people in the top decile in 2017 were not in the top decile five years earlier.


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A policy issue that permeated political debates around the world in 2012 was the idea of raising taxes on high-income earners. In the U.S., it stood front and centre in President Obama’s re-election. Several governments in Europe went beyond debate and introduced higher tax rates. Here at home, higher taxes on upper-income earners have been proposed at the federal and many provincial levels; Ontario’s government recently instituted a new tax on those earning more than $500,000.