With more tax credits, the government has to keep income tax rates higher to raise the same amount of revenue.
tax compliance costs
January 13, 2015
9:00AM
Sliding oil prices and a weakening economy will slice into federal revenues and make it increasingly difficult for the government to balance its budget next year as planned.
May 3, 2013
2:00AM
As the stress of the April 30th tax filing deadline fades and the shock realization by most Canadians regarding how much income and payroll taxes they pay subsides, its worthwhile considering the costs imposed on Canadians to comply with tax regulations.
All told, governments in Canada expect to collect $586.6 billion in 2013 (fiscal 2013-14). There are, however, significant costs beyond the simple dollars extracted.