Increased government transfers make families more reliant on government.
canadian income tax
Effect of Federal Income Tax Changes on Canadian Families Who Are in the Bottom 20 Percent of Earners
Canada's personal income tax system costs Canadians nearly $7 billion a year in time, accountant fees and tax software.
The Trudeau government eliminated a number of tax credits, thereby increasing income taxes for some Canadians.
From 2015 to 2017, Canada ranked second lowest among 17 comparable countries in annual investment as a percentage of GDP.
If families who receive CCB transfers begin to earn a higher income, their cash transfers will be reduced—a disincentive to hard work.
Business owners must spend significant amounts of money on accountants and lawyers to navigate the tax code.
By 2015, our top federal plus provincial income tax rates ranged from 40 per cent to 55 per cent.
In the House of Commons on Tuesday, the prime minister admitted that many middle-class Canadians are now paying more taxes.