From 1996 to 2014, Ottawa added 27 personal tax expenditures, for a total of 128.
Canada’s 2018 version of the Income Tax Act contains 3,302 pages and 1,101,499 words.
When established in 1917, Canada’s Income Tax Act contained 3,999 words compared to 1,029,042 words today.
From 2001 to 2014, the sheer number of personal income tax expenditures has increased 24 per cent.
Between 1971 and 2014, the federal Income Tax Act’s text area increased by 355 per cent.
William Watson: It’s not just filing fatigue you’re feeling—Canada’s tax systems really are getting more complex
In the 12 years following 2001, there were almost two new tax expenditures per year.
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.
Filed your taxes yet? You’ve got until Thursday at midnight. After that, according to the federal government, you’re officially in arrears.