tax compliance

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Cost of tax compliance in Canada

From 1996 to 2014, Ottawa added 27 personal tax expenditures, for a total of 128.

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Canadians spend billions complying with complex personal income tax system

When established in 1917, Canada’s Income Tax Act contained 3,999 words compared to 1,029,042 words today.

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From 2001 to 2014, the sheer number of personal income tax expenditures has increased 24 per cent.

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A profound, if partial, consensus on taxes and economic incentives seemed to be reached amongst the main political parties in Canada that has been almost completely ignored. The consequences for policy are remarkable if this consensus is properly understood and broadly applied.

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Filed your taxes yet? You’ve got until Thursday at midnight. After that, according to the federal government, you’re officially in arrears.