In the current political environment, both in Canada and around the world, sensible “tax” recommendations would likely die on the vine.
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.
While it might not appear so, a higher minimum wage is effectively a tax.
In Ontario, the top combined federal and provincial personal income tax rate is 53.5 per cent.
On the eve of the new Liberal government’s first federal budget, the key is to get incentives right at home.