The government permanently increased the tax rate for banks and life insurance companies to 16.5 per cent on profits over $100 million.
Sixty per cent of the bottom 20 per cent of taxpaying families with children now pay $233 more (on average) in federal income taxes.
Nearly nine in 10 middle-class families now pay more personal income taxes.
The top 20 per cent of income-earning families in Canada pay more than half of total taxes.
This government’s policies depart from the consensus of previous governments both Liberal and Conservative.
The prime minister’s mandate letter raised the idea of taxing "extreme wealth inequality.”
Nearly 60 per cent of the Liberal infrastructure spending was on “green” and “social” projects.
The government offset the benefits of the lower tax rate by eliminating tax credits.