Canada’s 2018 version of the Income Tax Act contains 3,302 pages and 1,101,499 words.
Prime Minister Trudeau has stated unequivocally that he won’t reduce Canadian taxes to remain competitive.
The Trudeau government has increased the incentive for tax planning.
The NDP-Green tax changes, if fully implemented, will increase the tax burden for the average British Columbian family by $594.
In 2017, the average Canadian family with two or more people will pay $47,135 in total taxes.
When established in 1917, Canada’s Income Tax Act contained 3,999 words compared to 1,029,042 words today.
Resistance to marginal tax rate reductions in the U.S. may prevent a return to supply-side fiscal policies.