In Ontario, the top combined federal and provincial personal income tax rate is 53.5 per cent.
taxes
On the eve of the new Liberal government’s first federal budget, the key is to get incentives right at home.
There are better ways for government to attract business besides corporate welfare.
Prime Minister Trudeau's letter to Finance Minister Bill Morneau lists 27 priorities—we offer a quick reaction to 13 of these priorities.
Raising tax rates increases revenues at lower tax rates—but as rates rise, a work disincentive effect kicks in, as well as a stronger tax-planning incentive that erodes revenues.
It’s true that in Montreal, our roads are chronically potholed and some of our highways, overpasses and bridges are literally crumbling. But does that come from any general reluctance to invest in public goods?
A reoccurring narrative in the income inequality debate is that top earners don’t pay their “fair share” of taxes. The data, however, paint a different picture.
These days, we economists tend to be very optimistic about the future, certainly compared to the ghastly visions of environmentalists and others.
Alberta’s economy is still on shaky ground as oil prices remain depressed relative to last year’s levels.