In 2021/22, federal personal income tax revenue grew by 6.2 per cent.
Ottawa should stop imposing costly ESG reporting mandates on companies.
Government tax revenues can increase even though the inflation-adjusted incomes of most Canadians do not.
Since the 1970s, Canada’s spending-to-GDP ratio has always been larger than the ideal range to maximize economic growth.
Canada had an overall tax-to-GDP ratio of 33 per cent.
In 2018, Calgary’s non-residential tax rates were almost four times higher than residential rates.
U.S. Senator Elizabeth Warren expects her wealth tax to fetch about $2.75 trillion in 10 years.
At 44.9 per cent, Burnaby’s heavy industry tax rates were more than 22 times higher than its residential tax rates.