Peter Munk Centre for Free Enterprise Education
Canadian families in the top 20 per cent pay 55.9 per cent of all federal, provincial and municipal taxes.
The plan may cost the province up to $93 billion.
Canadian taxpayers should expect increases—not decreases—to their fiscal burden.
More than 55 per cent of all federal, provincial, and local taxes are paid by the top 20 per cent of income earning families.
Since 1961, the average Canadian family has seen their taxes increase 157.6 per cent.
An economic slowdown or recession would make the Wynne government’s debt reduction plan much less likely.
Canada’s income tax began during the First World War.