Peter Munk Centre for Free Enterprise Education
Current policies seem to largely ignore fact that tax changes affect behaviour.
The PC platform would not reduce the sky-high top marginal rate facing highly-skilled workers.
The Wynne government’s “Fair Hydro Act” borrows money, which must be paid back, to lower energy costs.
Ottawa has exacerbated the tax-rate gap between small businesses and employees.
Morneau raised the top personal income tax rate from 29 to 33 per cent.
The 10.5 per cent small business tax rate on the first $500,000 of income creates an incentive for many Canadian firms to stay small.
Business owners must spend significant amounts of money on accountants and lawyers to navigate the tax code.
The Liberal government raised the top federal income tax rate to 33 per cent from 29 per cent.